Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 156

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 156
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 technical specifications and blueprints, and we perform designated processes such as welding, bending, and punching in accordance with their requirements, delivering the finished products upon completion. Remaining materials from processing must be returned or destroyed. The service fees for such processing are determined through negotiations with our customers and are not subject to subsequent adjustment. For the six months ended December31, 2024 and the fiscal years ended June30, 2024 and 2023, our revenues generated from processing services were immaterial. Our Customers A sound customer base is undeniable to our success. We source our customers through multiple channels: (i) referrals from our present customers, (2) industry exhibitions/expos, and (iii) our direct sales team. Because of our strong brand equity, loyal customer base and evolving product portfolio, we believe there are significant growth opportunities across these channels as we deepen our sales and marketing in each of our markets. Through our direct sales force, our copper products are sold to our customers covering 19 provinces and municipal cities of China, including but not limited to, Anhui, Zhejiang, Jiangsu, Guangdong, Guangxi, Shandong, Shanghai and Beijing. As of the date of this prospectus, we have a total of approximately 153 customers. Our customer base is broadly diversified, spanning various end markets, including electronics and electrical components, industrial machinery and equipment, metallic materials and general consumer end markets. For the six months ended December31, 2024, we had four customers accounting for approximately 19.93%, 15.27%, 10.68% and 10.02%, respectively, of our total revenues. For the fiscal year ended June30, 2024, we had two key customers who accounted for approximately 40.65% and 10.08%, respectively, of our total revenues. For the fiscal year ended June30, 2023, we had one major customer who accounted for approximately 37.02% of our total revenues. See “ Risk Factors — Risks Related to Our Business — We depend on key customers with whom we do not enter into any long -term contractual agreement, the loss of which could cause a significant decline in our revenues.” We do not have long -termwritten sales agreements with our customers. Each sale is typically governed by a brief purchase order. The key terms of the purchase order include: •the product’s name, type, quantity, price and delivery date; •quality standard, and payment terms; •delivery, inspection and