Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 289

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 289
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 $ | (392,415 | ) |     | $ | (345,042 | ) |

F-22

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS NOTE 20 — OTHER INCOME, NET The following table shows the details of net other income (expenses) for the fiscal years ended June 30, 2024 and 2023:

|                                              |     |   |     2024 |   |     |   |    2023 |   |
|:---------------------------------------------|:----|:--|---------:|:--|:----|:--|--------:|:--|
| Government grant                             |     | $ |  267,768 |   |     | $ |   8,888 |   |
| VAT refund                                   |     |   |   10,293 |   |     |   | 128,336 |   |
| Financial guarantee service and bank charges |     |   |  (66,610 | ) |     |   | (70,600 | ) |
| Other income                                 |     |   |  419,197 |   |     |   |  10,832 |   |
| Other expenses                               |     |   | (310,698 | ) |     |   | (38,128 | ) |
| Total other income, net                      |     | $ |  319,950 |   |     | $ |  39,328 |   |

NOTE 21 — CUSTOMER AND SUPPLIER CONCENTRATIONS Significant customers and suppliers are those that account for greater than 10% of the Company’s revenues and purchases. The Company sold a substantial portion of its products to two customers who accounted for approximately 40.65% and 10.08%, respectively, of total sales during the fiscal year ended June 30, 2024. As of June 30, 2024, the receivable due from these customers was $4,999,459 and $0, respectively, representing 54.50% of total accounts receivable. Other significant concentration of accounts receivable included two other customers, who accounted for an aggregate of 35.84% of total accounts receivable for the fiscal year ended June 30, 2024. The Company sold a substantial portion of its products to one customer who accounted for approximately 37.02% of total sales during the fiscal year ended June