Company: XXC
Filing Date: 2025-09-08
Form Type: F-1/A
Source: 0001213900-25-085500
Chunk: 131

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-08
Form: F-1/A
Chunk 131
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| Cash and cash equivalents, end of period            |     | $ |      551,178 |   |     | $ |     573,839 |   |     | $ |      24,621 |   |

Operating Activities: Net cash used in operating activities for the six months ended December31, 2024 was approximately $0.60million, which was primarily attributable to a net income of approximately $1.50million, adjusted for non -cashitems for approximately $0.09million and adjustments for changes in working capital of approximately $2.18million. The adjustments for changes in working capital mainly included: (i)a decrease in accounts receivable of approximately $2million, primarily due to collection of outstanding balances during the fiscal year ended June30, 2024; (ii)an increase in inventory of approximately $3.93million, which was in line with the increase in sales revenue; (iii)an increase in advance to suppliers of approximately $1.29million, primarily due to the increase of resale of copper materials, which was usually paid in advance to the suppliers; and (iv)an increase in other payables of approximately $3.45million, primarily due to a non -interestbearing loan from a third -partycompany for the purpose of supporting the Company’s operation. Net cash provided by operating activities for the six months ended December31, 2023 was approximately $1.91million, which was primarily attributable to a net loss of approximately $0.29million, adjusted for non -cashitems for approximately $0.09million and adjustments for changes in working capital of approximately $2.12million. The adjustments for changes in working capital mainly included: (i)a decrease in accounts receivable of approximately $1.37million, primarily due to the collection of outstanding balances from prior period ended June30, 2023; (ii)a decrease in advance to suppliers of approximately $1.01million, primarily due to: (i) receipt of raw materials from one of our material suppliers, were subsequently recognized as cost of sales; and (ii) the completion of construction of a new factory resulting in the settlement of the construction payment, which were paid in advance; (iii)a decrease in other receivables of approximately $2.09million, primarily due to the collection of working capital loans lent to three unrelated third -partycompanies; and (iv)a decrease in other payables of approximately $1.86million, primarily due to the repayment