Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 132

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 132
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revolving loans provided by a syndicate of banks, as listed in Note 11 to our financial statements included elsewhere in this registration statement. As of December31, 2024, we had 15 outstanding short -termloans provided by 12 banks, totaling RMB 78,890,000 in the aggregate, or approximately $10.81million. As of June30, 2024, we had 13 outstanding short -termloans provided by 11 banks, totaling RMB 65,000,000 in the aggregate, or approximately $8.94million. As of June30, 2023, we had ten outstanding short -termloans provided by eight banks, totaling RMB 59,600,000 in the aggregate, or approximately $8.22million. Each of these borrowings has a term of one year and all such borrowings can be renewed, and funds can be accessed immediately when the outstanding principal and interest are repaid in full. This ensures that each loan can be repaid on time by both our working capital and the funds from the prior loans. Some of these loans have a fixed interest rate while others have a variable rate. Capital Expenditures Our capital expenditure consists primarily of expenditure on the purchase of fixed assets because of our business growth. Our capital expenditures amounted to approximately $0.29million and $1.44million, respectively, for the six months ended December31, 2024 and 2023. Our capital expenditures amounted to approximately $2.09million and $0.97million, for the years ended June30, 2024 and 2023, respectively. 77

Cash Flow Summary

|                                                     |     |   |   Six Months 
        Ended 
 December 31, 
         2024 |   |     |   | Fiscal Year 
       Ended 
    June 30, 
        2024 |   |     |   | Fiscal Year 
       Ended 
    June 30, 
        2023 |   |
|:----------------------------------------------------|:----|:--|-------------:|:--|:----|:--|------------:|:--|:----|:--|------------:|:--|
| Net cash (used in) provided by operating activities |     | $ |     (598,812 | ) |     | $ |   3,299,877 |   |     | $ |  (1,438,774 | ) |
| Net cash (