Company: XXC
Filing Date: 2025-09-18
Form Type: F-1/A
Source: 0001213900-25-089077
Chunk: 127

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-18
Form: F-1/A
Chunk 127
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 |    92,592 |     |   |  17,989 |
| Total                              |     | $ | 1,103,806 |     | $ | 531,062 |

R&D expenses increased by approximately $0.57 million, or 107.85%, to approximately $1.10 million for the fiscal year ended June 30, 2024, as compared to approximately $0.53 million for the fiscal year ended June 30, 2023. The increase in R&D expenses was mainly due to an increase in headcount of R&D personnel for 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. Interest expenses, net Our interest expense (net) increased by approximately $0.05 million, or 13.73%, to approximately $0.39 million for the fiscal year ended June 30, 2024, from approximately $0.35 million for the fiscal year ended June 30, 2023. The increase in interest expense was mainly due to an increase in short -termborrowings from banks and individuals for the fiscal year ended June 30, 2024, as compared to the fiscal year ended June 30, 2023. Other income, net Other income (net) increased by approximately $0.28 million, or 713.54%, to approximately $0.32 million for the fiscal year ended June 30, 2024, from approximately $0.04 million for the fiscal year ended June 30, 2023. The increase was mainly due to (1) an increase in government grants received by us during the period; and (2) a one -timeincrease in revenue generated from the resale of externally sourced ternary battery powder, a key raw material used in the production of ternary lithium batteries, which are widely adopted in electric vehicles, which was non -recurringin nature and not indicative of our core operating performance. Net other income as of June30, 2024 and 2023 consisted of the following:

|                                              |     |   |     2024 |   |     |   |    2023 |   |
|:---------------------------------------------|:----|:--|---------:|:--|:----|:--|--------:|:--|
| Government grant                             |     | $ |  267,768 |   |     | $ |   8,888 |