Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 125

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 125
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 analysis basis. The provision is recorded against accounts receivables balances, with a corresponding charge recorded in the consolidated statements of income and comprehensive income. Delinquent account balances are written off against the allowance for doubtful accounts after management has determined that the likelihood of collection is not probable. The Company does not believe it has a material collection risk under its business model, nor does it believe that macroeconomic issues will have a negative impact on its collectability. The Company expects the business will continue to grow due to innovation and the urbanization process in China. Thus, the Company does not believe the collection issues will impact on its liquidity adversely. Credit Facility We mainly finance our operations through short -termrevolving loans provided by a syndicate of banks, as listed in Note 11 to our financial statements included elsewhere in this registration statement. As of June30, 2024, we had 13 outstanding short -termloans provided by 11 banks, totaling RMB 65,000,000 in the aggregate, or approximately $8.94 million. 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 $2.09 million and $0.97 million, for the years ended June30, 2024 and 2023, respectively. Cash Flow Summary

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