, /PRNewswire/ --Texxon Holding Limited (Nasdaq: NPT) (the "Company" or "Texxon"), a leading provider of supply chain management services in the plastics and chemical industries in East China, today announced its financial results for the fiscal year endedJune30, 2025.

，/PRNewswire/ -- Texxon Holding Limited（纳斯达克：NPT）（“公司” 或 “Texxon”），是中国东部塑料和化学行业领先的供应链管理服务提供商，今天公布了截至2025年6月30日的财务业绩。

Mr.Hui Xu, Chief Executive Officer and Chairman of Texxon, commented: "We are pleased to report strong results for the fiscal year ended June 30, 2025. To align with evolving market conditions and the broader industry environment, we implemented a strategic shift in our sales and marketing efforts toward high-growth sectors such as automotive, new energy, and chemical industries. Leveraging our core strengths in basic chemicals and plastic particles, we expanded our sales team to further broaden our customer base, market coverage, and penetration across China."

Texxon 首席执行官兼董事长徐辉先生评论道：“我们很高兴地报告截至2025年6月30日的财务年度取得了强劲的业绩。为了适应不断变化的市场条件和更广泛的行业环境，我们在销售和市场营销方面实施了战略转型，重点关注汽车、新能源和化学等高增长行业。利用我们在基础化学品和塑料颗粒方面的核心优势，我们扩大了销售团队，以进一步拓宽我们的客户基础、市场覆盖率和在中国的渗透率。”

"The refinement of our basic chemical product portfolio contributed to an improved average selling price. Our plastic particle sales surged as sales volume increased in response to increased demand, driven by their expanded application in new fields such as automotive, new energy and chemical industries, despite a decline in selling prices. Collectively, these initiatives drove an 18.5% increase in overall revenue, highlighted by an 88.5% surge in plastic-particle sales, while basic-chemical sales slightly grew 1.5%."

“我们对基础化学产品组合的优化提高了平均售价。尽管销售价格有所下降，但由于在汽车、新能源和化学等新领域的应用扩大，我们的塑料颗粒销售量增加，销售额激增。综合来看，这些举措推动了整体收入增长 18.5%，其中塑料颗粒销售额激增 88.5%，而基础化学品销售额略微增长 1.5%。”

"We prioritized business scale and long-term customer relationships over short-term margin gains. While this strategy temporarily compressed gross margin and profit, we believe it will strengthen customer retention, stabilize cash flows, and support sustainable profitability over the long term."

“我们优先考虑业务规模和长期客户关系，而非短期利润。虽然这一策略暂时压缩了毛利率和利润，但我们相信这将增强客户留存，稳定现金流，并支持长期可持续的盈利能力。”

"We are accelerating the construction of a factory to manufacture polystyrene, including production lines, storage facilities, and supporting infrastructure, located inHenan Province, China(the "Henan Polystyrene Factory"), which is scheduled to begin production in the fourth quarter of 2025. Once operational, we expect it will enable us to better meet market demand and capture higher margins amid potential shortages in chemical and plastic raw materials."

“我们正在加快建设一个聚苯乙烯生产工厂，包括生产线、储存设施和配套基础设施，位于中国河南省（“河南聚苯乙烯工厂”），预计将在 2025 年第四季度开始生产。一旦投入运营，我们预计将更好地满足市场需求，并在化学和塑料原材料潜在短缺的情况下获取更高的利润。”

"Looking ahead, we remain committed to achieving profitable growth through enhanced operational efficiency, deeper customer relationships, and disciplined product portfolio and pricing strategies. We believe, these initiatives will support long-term shareholder value and position Texxon for continued growth in an increasingly dynamic market."

“展望未来，我们仍然致力于通过提高运营效率、深化客户关系以及严格的产品组合和定价策略实现盈利增长。我们相信，这些举措将支持长期股东价值，并使 Texxon 在日益动态的市场中继续增长。”

Fiscal Year 2025 Financial Summary

2025 财年财务摘要

Revenue was$797.15 millionfor fiscal year 2025, representing an increase of 18.5% from$672.66 millionfor fiscal year 2024.

2025 财年的收入为 7.9715 亿美元，比 2024 财年的 6.7266 亿美元增长 18.5%。

Gross profit was$4.70 millionfor fiscal year 2025, compared to$4.82 millionfor fiscal year 2024.

2025 财年的毛利润为 470 万美元，而 2024 财年的毛利润为 482 万美元。

Gross profit margin was 0.6% for fiscal year 2025, compared to 0.7% for fiscal year 2024.

2025 财年的毛利率为 0.6%，而 2024 财年的毛利率为 0.7%。

Net loss was$1.45 millionfor fiscal year 2025, compared to net income of$2.51 millionfor fiscal year 2024.
Net loss attributable to Texxon was$0.93 millionfor fiscal year 2025, compared to net income attributable to Texxon of$0.95 millionfor fiscal year 2024.

2025 财年的净亏损为 145 万美元，而 2024 财年的净收入为 251 万美元。
归属于 Texxon 的净亏损为 93 万美元，而 2024 财年归属于 Texxon 的净收入为 95 万美元。

Basic and diluted losses per share were$0.05for fiscal year 2025, compared tobasic and diluted earnings per share of $0.05for fiscal year 2024.

2025 财年的基本和稀释每股亏损为 0.05 美元，而 2024 财年的基本和稀释每股收益为 0.05 美元。

Fiscal Year 2025 Financial Results

2025 财年财务结果

Revenue

收入

Revenue was$797.15 millionfor fiscal year 2025, representing an increase of 18.5% from$672.66 millionfor fiscal year 2024.

2025 财年的收入为 7.9715 亿美元，比 2024 财年的 6.7266 亿美元增长 18.5%。


( ($ millions, except for percentages)	For the Fiscal Year Ended June30,		Change
In million	2025		%		2024		%	$			%
Revenue:
Basic chemicals	$	524.64		65.8	%	$	517.03		76.9	%		$	7.61	1.5	%
Plastic particles		272.39		34.2	%		144.50		21.5	%			127.89	88.5	%
Other products		0.12		0.0	%		11.13		1.6	%			(11.02)	(98.9)	%
Total revenue	$	797.15		100	%	$	672.66		100	%		$	124.49	18.5	%


( （百万美元，除百分比外）	截至
2025年6月30日		变化
百万	2025		%		2024		%	$			%
收入：
基础化学品	$	524.64		65.8	%	$	517.03		76.9	%		$	7.61	1.5	%
塑料颗粒		272.39		34.2	%		144.50		21.5	%			127.89	88.5	%
其他产品		0.12		0.0	%		11.13		1.6	%			(11.02)	(98.9)	%
总收入	$	797.15		100	%	$	672.66		100	%		$	124.49	18.5	%

Sales of basic chemicals were$524.64 millionfor fiscal year 2025, representing an increase of 1.5% from$517.03 millionfor fiscal year 2024. The increase was primarily attributable to an increase in average sales price.
Sales of plastic particles were$272.39 millionfor fiscal year 2025, representing an increase of 88.5% from$144.50 millionfor fiscal year 2024. The increase was primarily attributable to an increase in sales volume.

2025 财年基础化学品销售额为 5.2464 亿美元，比 2024 财年的 5.1703 亿美元增长 1.5%。增长主要归因于平均销售价格的提高。
2025 财年塑料颗粒销售额为 2.7239 亿美元，比 2024 财年的 1.4450 亿美元增长 88.5%。增长主要归因于销售量的增加。

Sales of other products were$0.12 millionfor fiscal year 2025, compared to$11.13 millionfor fiscal year 2024. The decrease in revenue was primarily attributable to no sales of black metal for the fiscal year 2025, which had contributed approximately $11.0 million revenue from sales of other products for the fiscal year 2024.

2025 财年其他产品销售额为 12 万美元，而 2024 财年的销售额为 111.3 万美元。收入下降主要是由于 2025 财年没有销售黑金属，而 2024 财年其他产品的销售贡献了约 1100 万美元的收入。

Cost of Sales

销售成本

Cost of sales was$792.45 millionfor fiscal year 2025, representing an increase of 18.7% from$667.85 millionfor fiscal year 2024. The increase in cost of sales was largely attributable to the increase in the Company'ssales volume of plastic particles by approximately 188.7 thousand tons, or 138.3%. The increase in cost of sales is in line with the increase in revenue.

2025 财年的销售成本为 7.9245 亿美元，比 2024 财年的 6.6785 亿美元增长 18.7%。销售成本的增加主要归因于公司塑料颗粒销售量增加约 18.87 万吨，或 138.3%。销售成本的增加与收入的增长相一致。

Gross Profitand Gross Profit Margin

毛利润和毛利率

Gross profit was$4.70 millionfor fiscal year 2025, compared to$4.82 millionfor fiscal year 2024.

2025 财年的毛利润为 470 万美元，而 2024 财年的毛利润为 482 万美元。

Gross profit margin was 0.6% for fiscal year 2025, compared to 0.7% for fiscal year 2024. Gross profit and gross margin decreased primarily due to the Company's strategic shift toward serving major customers, to whom the Company offered more competitive pricing. The Company prioritized expanding business scale and strengthening long-term customer relationships over pursuing short-term high-margin transactions. This strategy temporarily reduced gross margin but is expected to enhance customer retention, stabilize cash flows, and support sustainable profitability growth in the long term.

2025 财年的毛利率为 0.6%，相比 2024 财年的 0.7% 有所下降。毛利和毛利率的下降主要是由于公司战略转向服务主要客户，向其提供了更具竞争力的定价。公司优先考虑扩大业务规模和加强长期客户关系，而不是追求短期高毛利交易。这一策略暂时降低了毛利率，但预计将增强客户留存率，稳定现金流，并支持长期可持续的盈利增长。

Operating Expenses

运营费用

Operating expenses were$5.30 millionfor fiscal year 2025, representing an increase of 27.5% from$4.16 millionfor fiscal year 2024.

2025 财年的运营费用为 530 万美元，比 2024 财年的 416 万美元增长了 27.5%。

Selling expenses were$2.41 millionfor fiscal year 2025, representing an increase of 21.2% from$1.99 millionfor fiscal year 2024. The increase in selling expenses was mainly due to (i) salary and welfare benefit expenses increased by approximately $0.3million mainly due to the addition of marketing personnel to support the Company's business expansion and higher commissions and bonuses paid to sales staff in connection with the increase in sales; (ii) shipping and delivery expenses increased by approximately $0.1million, or 7.2%, from approximately $1.0million for the fiscal year 2024 to approximately $1.1million for the fiscal year 2025. This increase was primarily due to an increase in sales volume and increased use of third-party shipping services for the sale of plastic particles. The total sales volume of plastic particles increased by 189 thousand tons, or 138.8%, from 136.0 thousand tons for the fiscal year 2024 to 324.8 thousand tons for the fiscal year 2025.

2025 财年的销售费用为 241 万美元，比 2024 财年的 199 万美元增长了 21.2%。销售费用的增加主要是由于 (i) 薪资和福利费用增加了约 30 万美元，主要是由于增加了市场人员以支持公司的业务扩展，以及与销售增长相关的销售人员佣金和奖金的提高；(ii) 运送和交付费用增加了约 10 万美元，或 7.2%，从 2024 财年的约 100 万美元增加到 2025 财年的约 110 万美元。这一增长主要是由于销售量增加和对第三方运输服务的使用增加，塑料颗粒的总销售量从 2024 财年的 136,000 吨增加了 189,000 吨，或 138.8%，达到 2025 财年的 324,800 吨。

General and administrative expenses were$2.89 millionfor fiscal year 2025, representing an increase of 33.3% from$2.17 millionfor fiscal year 2024. The increase was mainly due to (i) an expected credit loss of approximately $0.7 million for the fiscal year 2025, compared to $1,385 of credit loss recovered for the fiscal year 2024, primarily due to full credit losses established against specific customer receivables following assessment of credit deterioration; and (ii) an increase in salary and welfare benefit expenses of approximately $0.1 million due to an increase in personnel in general and administrative department, (iii) an increase in depreciation and amortization expenses of approximately $0.1 million, partially offset by (iv) a decrease in professional services fee of approximately $0.2 million.
Other expenses were$1.37 millionfor fiscal year 2025, compared toother income of $2.57 millionfor fiscal year 2024. The decrease was primarily attributable to one-time government grants of approximately $2.9million received in connection with the construction of Henan Polystyrene Factory, which are recognized as a reduction of the cost of construction in progress rather than as other income.

2025 财年的一般和行政费用为 289 万美元，比 2024 财年的 217 万美元增长了 33.3%。增长主要是由于 (i) 预计 2025 财年的信用损失约为 70 万美元，而 2024 财年回收的信用损失为 1,385 美元，主要是由于对特定客户应收账款进行信用恶化评估后建立的全额信用损失；(ii) 一般和行政部门人员增加导致薪资和福利费用增加约 10 万美元；(iii) 折旧和摊销费用增加约 10 万美元，部分被 (iv) 专业服务费用减少约 20 万美元所抵消。- 2025 财年的其他费用为 137 万美元，而 2024 财年的其他收入为 257 万美元。减少主要归因于与河南聚苯乙烯工厂建设相关的一次性政府补助约为 290 万美元，这些补助被视为在建工程成本的减少，而不是其他收入。

Net Income (loss)

净收入（亏损）

Net loss was$1.45 millionfor fiscal year 2025, compared to net income of$2.51 millionfor fiscal year 2024. Net loss attributable to Texxon was$0.93 millionfor fiscal year 2025, compared to net income attributable to Texxon of$0.95 millionfor fiscal year 2024.

2025 财年的净亏损为 145 万美元，而 2024 财年的净收入为 251 万美元。2025 财年归属于 Texxon 的净亏损为 93 万美元，而 2024 财年归属于 Texxon 的净收入为 95 万美元。

Basic and Diluted Earnings (losses) per Share

基本和稀释每股收益（亏损）

Basic and diluted losses per share were$0.05for fiscal year 2025, compared tobasic and diluted earnings per share of $0.05for fiscal year 2024.

2025 财年的基本和稀释每股亏损为 0.05 美元，而 2024 财年的基本和稀释每股收益为 0.05 美元。

Financial Condition

财务状况

As ofJune30, 2025, the Company had cash and cash equivalents of$2.52 million, an increase from$0.27 millionas ofJune30, 2024.

截至2025年6月30日，公司现金及现金等价物为 252 万美元，较2024年6月30日的 27 万美元有所增加。

Net cash provided by operating activities was$2.32 millionfor fiscal year 2025, compared tonet cash used in operating activities of $30.80 millionfor fiscal year 2024.

2025 财年的经营活动提供的净现金为 232 万美元，而 2024 财年的经营活动使用的净现金为 3080 万美元。

Net cash used in investing activities was$42.25 millionfor fiscal year 2025, compared to $11.02 millionfor fiscal year 2024.

2025 财年的投资活动使用的净现金为 4225 万美元，而 2024 财年的为 1102 万美元。

Net cash provided by financing activities was$41.36 millionfor fiscal year 2025, compared to$29.36 millionfor fiscal year 2024.

2025 财年的融资活动提供的净现金为 4136 万美元，而 2024 年的为 2936 万美元。

Recent Development

近期发展

OnOctober 23, 2025, the Company completed its initial public offering (the "Offering") of 1,900,000 ordinary shares at a public price ofUS$5.00per share. OnOctober 28, 2025, the underwriters of the Offering fully exercised their over-allotment option to purchase an additional 285,000 ordinary shares of the Company at the public offering price ofUS$5.00per share. The gross proceeds wereUS$10,925,000from the Offering, before deducting underwriting discounts and commissions, and other expenses. The Company's ordinary shares began trading on the Nasdaq Capital Market onOctober 22, 2025, under the ticker symbol "NPT."

2025年10月23日，公司完成了 190 万普通股的首次公开募股（“发行”），每股公开价格为 5.00 美元。2025年10月28日，发行的承销商完全行使了其超额配售选择权，以每股公开发行价格 5.00 美元购买公司额外的 285,000 普通股。此次发行的总收入为 10,925,000 美元，未扣除承销折扣和佣金及其他费用。公司的普通股于2025年10月22日在纳斯达克资本市场开始交易，股票代码为 “NPT”。

About Texxon Holding Limited

关于 Texxon Holding Limited

Texxon Holding Limited is a leading provider of supply chain management services in the plastics and chemical industries in East China. Through its technology-enabled platform, the Company provides a full spectrum of services to Chinese SME customers, including procurement, shipping and logistics, payments and fulfillment services. It aspires to build the largest one-stop plastic and chemical raw material supply chain management platform in China, to streamline the complex and labor-intensive raw material procurement process and enhance convenience, cost-effectiveness, and efficiency for customers. Texxon has built a highly scalable distributed software architecture for continuous improvement, and an effective User Experience Design (UED) process to improve the customer experience. In addition, with over a decade of experience, the Company has amassed substantial transaction data, including supplier and customer information, price trends, category-specific price indexes and market demand volume, to analyze price trends and market demands and make informed decisions. For more information, please visit the Company's website:ir.npt-cn.com.

Texxon Holding Limited 是中国东部塑料和化工行业领先的供应链管理服务提供商。通过其技术驱动的平台，公司为中国中小企业客户提供全方位的服务，包括采购、运输和物流、支付和履约服务。它的目标是建立中国最大的塑料和化工原材料供应链管理一站式平台，以简化复杂且劳动密集的原材料采购流程，提高客户的便利性、成本效益和效率。Texxon 建立了高度可扩展的分布式软件架构以实现持续改进，并实施有效的用户体验设计（UED）流程以改善客户体验。此外，凭借十多年的经验，公司积累了大量交易数据，包括供应商和客户信息、价格趋势、特定类别的价格指数和市场需求量，以分析价格趋势和市场需求并做出明智的决策。有关更多信息，请访问公司网站：ir.npt-cn.com。

Forward-Looking Statements

前瞻性声明

Certain statements in this announcement are forward-looking statements, including, but not limited to, the timeline and effects regarding the construction and production of the Henan Polystyrene Factory. These forward-looking statements involve known and unknown risks and uncertainties related to market conditions, and other factors discussed in the "Risk Factors" section of the Company's Annual Report on Form 20-F for the fiscal year ended June 30, 2025 filed with the U.S. Securities and Exchange Commission(the "SEC") and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company's latest annual report on Form 20-F and other filings with the SEC. Additional factors are discussed in the Company's filings with the SEC, which are available for review atwww.sec.gov.

本公告中的某些声明为前瞻性声明，包括但不限于关于河南聚苯乙烯工厂建设和生产的时间表及其影响。这些前瞻性声明涉及与市场条件相关的已知和未知风险及不确定性，以及在公司向美国证券交易委员会（"SEC"）提交的截至2025年6月30日的年度报告的 “风险因素” 部分中讨论的其他因素，并基于公司对未来事件的当前预期和预测，公司认为这些事件可能会影响其财务状况、经营结果、商业战略和财务需求。投资者可以通过使用诸如 “近似”、“相信”、“希望”、“期待”、“预期”、“估计”、“项目”、“打算”、“计划”、“将”、“会”、“应该”、“可能”、“或其他类似表达” 等词语找到许多（但不是全部）这样的声明。除法律要求外，公司没有义务公开更新或修订任何前瞻性声明，以反映后续发生的事件或情况，或其预期的变化。尽管公司相信这些前瞻性声明中表达的预期是合理的，但不能保证这些预期会被证明是正确的，公司提醒投资者，实际结果可能与预期结果有重大差异，并鼓励投资者查看可能影响其未来结果的其他因素，这些因素在公司最新的 20-F 表格年度报告和其他向 SEC 提交的文件中进行了说明。其他因素在公司向 SEC 提交的文件中进行了讨论，这些文件可在 www.sec.gov 上查阅。

For more information, please contact:

如需更多信息，请联系：

Texxon Holding Limited

Investor Relations Department

投资者关系部

Email:ir@totrade.cn

电子邮件：ir@totrade.cn

Ascent Investor Relations LLC Tina Xiao

Phone: +1-646-932-7242

电话：+1-646-932-7242

Email:investors@ascent-ir.com

电子邮件：investors@ascent-ir.com


TEXXON HOLDING LIMITED AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
AS OF JUNE30, 2025 AND2024
(EXPRESSED IN U.S.DOLLARS)

	June30, 2025		June30, 2024
ASSETS
CURRENT ASSETS:
Cash and cash equivalents	$	2,517,577		$	272,895
Restricted cash		562			785,105
Accounts receivable, net		7,522,465			11,094,702
Note receivables		-			1,885,183
Advanced to suppliers		2,675,445			1,632,975
Inventories		973,644			873,720
Loan to a related party		153,554			151,365
Prepayments and other current assets		6,918,026			1,353,457
TOTAL CURRENT ASSETS		20,761,273			18,049,402

NON-CURRENT ASSETS:
Property, plant and equipment, net		84,623,119			23,363,352
Intangible assets, net		6,164,781			6,207,309
Prepayments for long-term assets		24,522,149			39,307,235
Deferred offering costs		634,978			538,584
Equity investment		2,261,433			2,229,194
TOTAL NON-CURRENT ASSETS		118,206,460			71,645,674
TOTAL ASSETS	$	138,967,733		$	89,695,076

LIABILITIES
CURRENT LIABILITIES:
Short-term borrowings	$	20,624,062		$	25,788,560
Accounts payable		763,343			1,294,480
Contract liabilities		2,272,179			637,537
Accrued expenses and other current liabilities		19,258,940			9,790,325
Due to related parties		29,826,131			19,807,637
TOTAL CURRENT LIABILITIES		72,744,655			57,318,539

NON-CURRENT LIABILITIES:
Long-term borrowings		32,175,020			-
TOTAL LIABILITIES	$	104,919,675		$	57,318,539

Commitments and contingencies (Note16)

SHAREHOLDERS' EQUITY (DEFICIT):
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 20,000,000 and 20,000,000 shares issued and outstanding as of June30, 2025 and 2024, respectively.*		2,000			2,000
Additional paid-in capital*		777,992			777,992
Accumulated deficit		(4,316,467)			(3,383,846)
Accumulated other comprehensive loss		(275,578)			(245,500)
SHAREHOLDERS' DEFICIT ATTRIBUTABLE TO TEXXON HOLDING LIMITED		(3,812,053)			(2,849,354)
Non-controlling interests		37,860,111			35,225,891
TOTAL EQUITY		34,048,058			32,376,537
TOTAL LIABILITIES AND EQUITY	$	138,967,733			89,695,076


TEXXON HOLDING LIMITED AND SUBSIDIARIES
合并资产负债表
截至2025年6月30日和2024年6月30日
（以美元计）

	2025年6月30日		2024年6月30日
资产
流动资产：
现金及现金等价物	$	2,517,577		$	272,895
限制性现金		562			785,105
应收账款，净额		7,522,465			11,094,702
应收票据		-			1,885,183
预付款项		2,675,445			1,632,975
存货		973,644			873,720
向关联方贷款		153,554			151,365
预付款及其他流动资产		6,918,026			1,353,457
流动资产总计		20,761,273			18,049,402

非流动资产：
不动产、厂房及设备，净额		84,623,119			23,363,352
无形资产，净额		6,164,781			6,207,309
长期资产预付款		24,522,149			39,307,235
延期发行费用		634,978			538,584
股权投资		2,261,433			2,229,194
非流动资产总计		118,206,460			71,645,674
资产总计	$	138,967,733		$	89,695,076

负债
流动负债：
短期借款	$	20,624,062		$	25,788,560
应付账款		763,343			1,294,480
合同负债		2,272,179			637,537
应计费用及其他流动负债		19,258,940			9,790,325
应付关联方		29,826,131			19,807,637
流动负债总计		72,744,655			57,318,539

非流动负债：
长期借款		32,175,020			-
负债总计	$	104,919,675		$	57,318,539

承诺和或有事项（注释 16）

股东权益（赤字）：
普通股，面值$0.0001，授权 500,000,000 股，
截至2025年6月30日和2024年6月30日各发行和流通 20,000,000 股。*		2,000			2,000
额外实收资本*		777,992			777,992
累计赤字		(4,316,467)			(3,383,846)
累计其他综合损失		(275,578)			(245,500)
归属于 Texxon Holding Limited 的股东赤字		(3,812,053)			(2,849,354)
非控股权益		37,860,111			35,225,891
股东权益总计		34,048,058			32,376,537
负债和股东权益总计	$	138,967,733			89,695,076



*	Shares presented on a retroactive basis to reflect the reorganization.



*	股份以追溯方式呈现，以反映重组。


TEXXON HOLDING LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME/(LOSS)
FOR THE FISCAL YEARS ENDED JUNE30, 2025, 2024 AND2023
(EXPRESSED IN U.S.DOLLARS)

	For the Fiscal Year ended June30,
	2025		2024			2023
REVENUE
Sales revenue generated from third parties	$	797,148,640		$	672,662,697		$	549,879,053
Sales revenue generated from related parties		-			-			2,647,129
Total revenue		797,148,640			672,662,697			552,526,182

COST OF SALES
Cost of sales charged by third parties		(789,783,093)			(662,621,392)			(541,218,715)
Cost of sales charged by related parties		(2,015,752)			(4,987,246)			(7,569,836)
Tax and surcharges		(649,245)			(236,983)			(204,138)
Total cost of sales		(792,448,090)			(667,845,621)			(548,992,689)
GROSS PROFIT		4,700,550			4,817,076			3,533,493

OPERATING EXPENSES
Selling and marketing expenses		(2,413,149)			(1,990,991)			(996,638)
General and administrative expenses		(2,888,047)			(2,166,116)			(1,282,757)
Total operating expenses		(5,301,196)			(4,157,107)			(2,279,395)

(LOSS) INCOME FROM OPERATIONS	$	(600,646)		$	659,969		$	1,254,098

OTHER INCOME (EXPENSES):
Interest (expenses) income, net		(408,843)			(470,288)			197,428
Interest income–related parties		-			34,922			592,581
Other income, net		55,680			105,603			86,585
Government grants		216,574			2,896,219			-
Total other income (expenses), net		(136,589)			2,566,456			876,594

INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES		(737,235)			3,226,425			2,130,692

INCOME TAXES EXPENSES		(716,897)			(716,782)			(42,998)
NET INCOME (LOSS)		(1,454,132)			2,509,643			2,087,694
Less: net income (loss) attributable to non-controlling interest		(521,511)			1,556,083			65,542
NET INCOME (LOSS) ATTRIBUTABLE TO TEXXON HOLDING LIMITED		(932,621)			953,560			2,022,152

OTHER COMPREHENSIVE INCOME (LOSS)
Foreign currency translation income (loss)		469,036			1,218,751			(1,502,270)
TOTAL COMPREHENSIVE INCOME (LOSS)	$	(985,096)		$	3,728,394		$	585,424
Less: comprehensive income (loss) attributable to non-controlling interests		(22,397)			1,528,622			(471,406)
COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO TEXXON HOLDING LIMITED		(962,699)			2,199,772			1,056,830

BASIC AND DILUTED EARNINGS (LOSS) PER SHARE:
Net income (loss) attributable to Texxon Holding Limited per share
Basic and diluted	$	(0.05)		$	0.05		$	0.10

Weighted average shares outstanding used in calculating basic and diluted income per share*
Basic and diluted		20,000,000			20,000,000			20,000,000


德克森控股有限公司及其子公司
合并经营及综合收益/(损失) 报表
截至 2025 年、2024 年和2023年6月30日的财政年度
（以美元计）

	截至财政年度
6 月 30 日，
	2025		2024			2023
收入
来自第三方的销售收入	$	797,148,640		$	672,662,697		$	549,879,053
来自关联方的销售收入		-			-			2,647,129
总收入		797,148,640			672,662,697			552,526,182

销售成本
来自第三方的销售成本		(789,783,093)			(662,621,392)			(541,218,715)
来自关联方的销售成本		(2,015,752)			(4,987,246)			(7,569,836)
税费及附加		(649,245)			(236,983)			(204,138)
总销售成本		(792,448,090)			(667,845,621)			(548,992,689)
毛利润		4,700,550			4,817,076			3,533,493

营业费用
销售及市场费用		(2,413,149)			(1,990,991)			(996,638)
一般及行政费用		(2,888,047)			(2,166,116)			(1,282,757)
总营业费用		(5,301,196)			(4,157,107)			(2,279,395)

（损失）营业收入	$	(600,646)		$	659,969		$	1,254,098

其他收入（费用）：
利息（费用）收入，净额		(408,843)			(470,288)			197,428
来自关联方的利息收入		-			34,922			592,581
其他收入，净额		55,680			105,603			86,585
政府补助		216,574			2,896,219			-
总其他收入（费用），净额		(136,589)			2,566,456			876,594

税前收入（损失）		(737,235)			3,226,425			2,130,692

所得税费用		(716,897)			(716,782)			(42,998)
净收入（损失）		(1,454,132)			2,509,643			2,087,694
减：归属于非控股权益的净收入（损失）		(521,511)			1,556,083			65,542
归属于德克森控股有限公司的净收入（损失）		(932,621)			953,560			2,022,152

其他综合收益（损失）
外币转换收益（损失）		469,036			1,218,751			(1,502,270)
总综合收益（损失）	$	(985,096)		$	3,728,394		$	585,424
减：归属于非控股权益的综合收益（损失）		(22,397)			1,528,622			(471,406)
归属于德克森控股有限公司的综合收益（损失）
	(962,699)			2,199,772			1,056,830

基本和稀释每股收益（损失）：
归属于德克森控股有限公司的每股净收入（损失）
基本和稀释	$	(0.05)		$	0.05		$	0.10

用于计算基本和稀释每股收益的加权平均流通股数*
基本和稀释		20,000,000			20,000,000			20,000,000



*	Shares presented on a retroactive basis to reflect the reorganization.



*	反映重组的基础上呈现的股份。


TEXXON HOLDING LIMITED AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE FISCAL YEARS ENDED JUNE30, 2025, 2024 AND2023
(EXPRESSED IN U.S.DOLLARS)

	For the fiscal year ended June30,
	2025		2024			2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income (loss)	$	(1,454,132)		$	2,509,643		$	2,087,694
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Depreciation and amortization		288,072			332,728			251,081
Interest income from a related party		-			(34,922)			(592,581)
Allowance (recovery) for credit losses		720,054			(1,385)			(220,339)
Loss on disposal of property, plant and equipment		-			-			50,236
Changes in operating assets and liabilities:
Accounts receivable		2,986,453			(7,512,856)			3,711,146
Notes receivable		1,899,032			(1,896,246)			-
Inventories		(86,676)			(466,902)			(358,965)
Advanced to suppliers		(1,011,848)			147,725			(1,447,491)
Prepayments and other current assets		(3,315,341)			(559,757)			117,283
Notes payable		-			(13,828,757)			(24,696,655)
Accounts payable		(546,002)			(10,429,603)			4,486,026
Accrued expenses and other current liabilities		1,231,325			1,902,256			1,389,576
Contract liabilities		1,614,022			(957,134)			1,043,235
NET CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES		2,324,959			(30,795,210)			(14,179,754)

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of plant, property and equipment		(45,103,546)			(33,338,925)			(22,615,531)
Purchase of intangible assets		-			(6,805)			(6,683,817)
Payments made for loans to related parties		-			(152,253)			(11,931,168)
Government grant received in connection with the construction of plant, property and equipment		2,853,622			-			-
Loan repayment from a related party		-			22,478,306			-
NET CASH USED IN INVESTING ACTIVITIES		(42,249,924)			(11,019,677)			(41,230,516)

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from short-term borrowings		154,521,737			141,956,726			22,969,397
Proceeds from long-term borrowings		30,105,666			-			-
Repayment of short-term borrowings		(154,473,136)			(127,367,676)			(12,327,428)
Capital contribution from non-controlling interests		2,647,556			9,254,357			18,260,003
Financing cost paid for the syndicated loan		(1,011,893)			-			-
Withdrawal of capital by non-controlling interests		-			(1,460,814)			-
Capital contribution from shareholder		-			-			1,405,778
Payments made to shareholders to acquire Net Plastic Technology for the Reorganization		-			(12,226,342)			-
Proceeds from related parties		9,663,775			19,747,892			106,062
Payments made for deferred offering costs		(93,243)			(539,639)			-
NET CASH PROVIDED BY FINANCING ACTIVITIES		41,360,462			29,364,504			30,413,812

EFFECT OF EXCHANGE RATE CHANGE ON CASH, CASH EQUIVALENTS AND RESTRICTED CASH		24,642			1,326,240			(1,559,510)
NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH		1,460,139			(11,124,143)			(26,555,968)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH–beginning of year		1,058,000			12,182,143			38,738,111
CASH, CASH EQUIVALENTS AND RESTRICTED CASH–end of year	$	2,518,139		$	1,058,000		$	12,182,143

SUPPLEMENTAL CASH FLOW DISCLOSURES:
Cash paid for income taxes		(10,202)			(432)			(785)
Cash paid for interest		(1,942,702)			(549,534)			(361,912)
Cash received from interest income		1,845			226,831			508,742

SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:
Payable related to purchase of property, plant, and equipment		5,318,449			6,069,298			1,385,669
Prepayment for long-term assets transferred to property, plant and equipment		19,262,697			4,516,656			-
Convertible loan transfer to other payables					-
Interest receivable accrued related to loan to a related party		-			34,922			592,581

Cash and cash equivalents		2,517,577			272,895			1,328,917
Restricted cash		562			785,105			10,853,226
Total cash, cash equivalents and restricted cash		2,518,139			1,058,000			12,182,143


德克森控股有限公司及其子公司
合并现金流量表
截至 2025 年、2024 年和2023年6月30日的财政年度
（以美元表示）

	截至财政年度
6 月 30 日，
	2025		2024			2023
经营活动产生的现金流量：
净收入（亏损）	$	(1,454,132)		$	2,509,643		$	2,087,694
调整净收入以对账提供的净现金
（使用于）经营活动：
折旧和摊销		288,072			332,728			251,081
来自关联方的利息收入		-			(34,922)			(592,581)
信用损失的准备金（回收）		720,054			(1,385)			(220,339)
固定资产处置损失		-			-			50,236
经营资产和负债的变动：
应收账款		2,986,453			(7,512,856)			3,711,146
应收票据		1,899,032			(1,896,246)			-
存货		(86,676)			(466,902)			(358,965)
预付款项		(1,011,848)			147,725			(1,447,491)
预付款和其他流动资产		(3,315,341)			(559,757)			117,283
应付票据		-			(13,828,757)			(24,696,655)
应付账款		(546,002)			(10,429,603)			4,486,026
应计费用和其他流动负债		1,231,325			1,902,256			1,389,576
合同负债		1,614,022			(957,134)			1,043,235
经营活动提供的（使用的）净现金		2,324,959			(30,795,210)			(14,179,754)

投资活动产生的现金流量：
购买固定资产		(45,103,546)			(33,338,925)			(22,615,531)
购买无形资产		-			(6,805)			(6,683,817)
向关联方贷款的支付		-			(152,253)			(11,931,168)
与固定资产建设相关的政府补助		2,853,622			-			-
从关联方的贷款偿还		-			22,478,306			-
投资活动使用的净现金		(42,249,924)			(11,019,677)			(41,230,516)

融资活动产生的现金流量：
短期借款的收入		154,521,737			141,956,726			22,969,397
长期借款的收入		30,105,666			-			-
短期借款的偿还		(154,473,136)			(127,367,676)			(12,327,428)
非控股权益的资本贡献		2,647,556			9,254,357			18,260,003
为银团贷款支付的融资成本		(1,011,893)			-			-
非控股权益的资本撤回		-			(1,460,814)			-
股东的资本贡献		-			-			1,405,778
为收购净塑料技术支付给股东的款项
用于重组		-			(12,226,342)			-
来自关联方的收入		9,663,775			19,747,892			106,062
支付的递延发行费用		(93,243)			(539,639)			-
融资活动提供的净现金		41,360,462			29,364,504			30,413,812

汇率变动对现金、现金
等价物和受限现金的影响		24,642			1,326,240			(1,559,510)
现金、现金等价物和
受限现金的净变动		1,460,139			(11,124,143)			(26,555,968)
现金、现金等价物和受限
现金–年初		1,058,000			12,182,143			38,738,111
现金、现金等价物和受限
现金–年末	$	2,518,139		$	1,058,000		$	12,182,143

补充现金流量披露：
支付的所得税		(10,202)			(432)			(785)
支付的利息		(1,942,702)			(549,534)			(361,912)
收到的利息收入		1,845			226,831			508,742

非现金活动的补充披露：
与购买固定资产相关的应付款		5,318,449			6,069,298			1,385,669
预付的长期资产转移至固定资产		19,262,697			4,516,656			-
可转换贷款转移至其他应付款					-
与关联方贷款相关的应计利息		-			34,922			592,581

现金和现金等价物		2,517,577			272,895			1,328,917
受限现金		562			785,105			10,853,226
现金、现金等价物和受限现金总额		2,518,139			1,058,000			12,182,143

SOURCE Texxon Holding Limited

来源 Texxon Holding Limited

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