Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 123

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 123
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 and improve demand forecasting. The approximately $5.7 million decrease in contract liabilities was due to our efficient delivery of our contracts, converting deferred revenue into recognized revenue and thereby positively impacting cash flow.

Investing Activities

Net cash flows used in investing activities for the fiscal year ended June 30, 2024 increased by approximately $31.6 million when compared with the fiscal year ended June 30, 2023.

Net cash used in investing activities amounted to approximately $41.2 million for the fiscal year ended June 30, 2024. This was primarily due to investments in intangible assets totaling approximately $6.7 million, investments in property and equipment of approximately $22.6 million, and payments of approximately $11.9 million made for loans to related parties. The investment in intangible assets was largely comprised of approximately $6.7 million expenditure on land use right in China. The investments on property and equipment were for the construction of a factory in Jiangsu Province, China, with approximately $4.3 million allocated to construction in progress and approximately $17.3 million prepayment to vendors for this construction in progress.

Financing Activities

Net cash flows provided by financing activities for the fiscal year ended June 30, 2024 increased by approximately $35.9 million as compared to the fiscal year ended June 30, 2023.

Net cash used in financing activities was approximately $5.5 million for the fiscal year ended June 30, 2023, primarily attributable to net repayments of approximately $5.2 million in short-term bank borrowings and the repayments of approximately $0.3 million in working capital borrowing to related parties.

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Capital Expenditures

Our capital expenditures are primarily incurred for purchase of land use right from PRC governments and construction in progress on the factory in Jiangsu Province, China. Our capital expenditures were approximately $29.3 million and $0.0 million for the fiscal years ended June 30, 2024 and 2023, respectively, primarily because we purchased the land use right and started to construct the factory during the fiscal year ended June 30, 2024. We intend to fund our future capital expenditures with our existing cash balance, bank borrowings and equity financing. We will continue to incur capital expenditures as needed to meet the expected growth of our business.

Tabular Disclosure of Contractual Obligations

The following table sets forth our contractual obligations as of June 30, 2024:

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