Company: XXC
Filing Date: 2025-09-18
Form Type: F-1/A
Source: 0001213900-25-089077
Chunk: 145

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-18
Form: F-1/A
Chunk 145
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, we have established a sound quality control system where our products, including copper bars, are currently compliant with the ISO 9001, ISO 14001 and IATF16949 standards. We generate revenues through (i) sales of our own “Xinxu” brand copper products, (ii) sales of copper raw materials, and (iii) service fees for processing customized copper products for our customers. For the six months ended December31, 2024 and the fiscal years ended June30, 2024 and 2023, we recognized revenue of approximately $66.48million, $105.87million and $170.85million, respectively, and generated net income of approximately $1.5million and $0.84million, respectively, for the six months ended December31, 2024 and the fiscal year ended June30, 2024 while we incurred net loss of approximately $0.27million for the fiscal year ended June30, 2023. 87 Our Strengths We believe that the following strengths contribute to our growth and differentiate us from our competitors: • Strong R&D capabilities.We are committed to investing in R&D and have built a strong R&D team. As of December31, 2024, June30, 2024 and 2023, our R&D expenses were approximately $773,604, $1,103,806 and $531,062, respectively, and as of the date of this prospectus, we have a team of 43 employees in the R&D department, including 18 professional engineers and 25 technicians, of whom a majority have relevant industry experience of over 20 years. Our R&D team has years of technology know -howin developing and launching products and services in response to market demands. As of the date of this prospectus, we have an intellectual property portfolio consisting of four registered trademarks and six registered patents, all of which have been integrated into our main products and brought us great practical values. • Long -standing and stable customer and supplier relationships.As of the date of this prospectus, we have over a decade of experience in working closely with our customers and have delivered consistent, high -qualityand customized products to all of our customers. During the six months ended December31, 2024 and the fiscal years ended June30, 2024 and 2023, approximately 78.32%, 81.89% and 19.4%, respectively, of our sales are contributable to our customers of three years or