Company: XXC
Filing Date: 2025-09-18
Form Type: F-1/A
Source: 0001213900-25-089077
Chunk: 124

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-18
Form: F-1/A
Chunk 124
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0.13 million, or 145.75%, to approximately $0.22 million for the six months ended December 31, 2024, as compared to approximately $0.09 million for the six months ended December 31, 2023. The increase was mainly due to the increased shipping and packing costs resulting from the increase in sales volume. Research and development (“R&D”) expenses R&D expenses for the six months ended December 31, 2024 and 2023 consisted of the following:

|                                    |     |   |    2024 |     |   |    2023 |
|:-----------------------------------|:----|:--|--------:|:----|:--|--------:|
| Employee compensation and benefits |     | $ | 426,496 |     | $ |  31,308 |
| Materials                          |     |   |  10,615 |     |   | 322,730 |
| Office and miscellaneous           |     |   | 336,493 |     |   |       — |
| Total                              |     | $ | 773,604 |     | $ | 354,038 |

R&D expenses increased by approximately $0.42 million, or 118.51%, to approximately $0.77 million for the six months ended December 31, 2024, as compared to approximately $0.35 million for the six months ended December 31, 2023. The increase in R&D expenses was mainly due to (1) our increased investment in our new R&D project with respect to the copper power distribution components made of copper bars that are widely used in electric vehicle battery packs; and (2) increased labor costs resulting from the increase of our R&D headcount. As of December 31, 2024, our R&D team consisted of 43 personnel compared to 30 personnel as of December 31, 2023, primarily driven by our need to support ongoing and new R&D projects in response to evolving market conditions. Interest expenses, net Our interest expense (net) increased by approximately $0.05 million, or 30.17%, to approximately $0.20 million for the six months ended December 31, 2024, from approximately $0.16 million for the six months ended December 31, 2023. The increase was mainly due to increased bank loans for the six months ended December 31, 2024 as compared to the six months ended December