Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 127

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 127
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 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 31, 2023. Other income, net The following table shows the details of net other income for the six months ended December 31, 2024 and 2023:

| Government grant                             
 VAT refund                                   
 Financial guarantee service and bank charges 
 Other income                                 
 Other expenses                               |     | 2024 | 833,414 
 (84,073 
  90,131 
  (7,006 | ) 
 ) |     | 2023 | 189,308 
       — 
  (3,098 
  10,071 
 (40,433 | ) 
 ) |
|:---------------------------------------------|:----|:-----|--------:|:--|:----|:-----|--------:|:--|
| Total other income, net                      |     | $    | 832,466 |   |     | $    | 155,848 |   |

73

Other income (net) increased by approximately $0.68 million, or 434.15%, to approximately $0.83 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 the increased government grant received during the period. Provision for income taxes There