Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 122

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 122
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2 red copper bars, T2 tin -platedcopper bars, T2 copper rods, electrolytic copper and aluminum bar. Corporate Structure The chart below summarizes our corporate structure, including our subsidiaries, as of the date of this prospectus: 69 MANAGEMENT’S DISCUSSION AND ANALYSIS OF
F INANCIAL CONDITION AND RESULTS OF O PERATIONS The following discussion and analysis of our financial condition and results of operations should be read in conjunction with our consolidated financial statements and related notes that appear in this prospectus. In addition to historical consolidated financial information, the following discussion contains forward -looking statements that reflect our plans, estimates, and beliefs. Our actual results could differ materially from those discussed in the forward -looking statements. Factors that could cause or contribute to these differences include those discussed below and elsewhere in this prospectus, particularly in “Risk Factors.” All amounts included herein with respect to the fiscal years ended June 30, 2024 and 2023 are derived from our audited consolidated financial statements included elsewhere in this prospectus. All amounts included herein with respect to the six months ended December 31, 2024 and 2023 are derived from our unaudited consolidated financial statements included elsewhere in this prospectus. The Company’s financial statements have been prepared in accordance with U.S. GAAP. Overview Xinxu is a holding company incorporated on September11, 2017 as an exempted company under the laws of the Cayman Islands. As a holding company with no material operations of its own, Xinxu conducts substantially all of its operations through its operating subsidiaries established in China, primarily Anhui Xinxu. We, through Anhui Xinxu, are primarily engaged in R&D, fabricating and processing, and sales and distribution of copper and copper alloy products. Our products include, but are not limited to, T2 red copper bars, T2 tin -platedcopper bars, T2 copper rods, electrolytic copper and aluminum bar. In January 2024, we adjusted our sales structure by significantly reducing the volume of copper material resales, primarily electrolytic copper. This decrease was primarily the result of a strategic adjustment in our sales focus away from lower -marginproducts, such as electrolytic copper and traditional copper bars, toward higher -marginproducts, specifically soft and hard connection copper bars, which are widely used in electric vehicle battery packs. See “ Business — Our Products.” This adjustment reflects our ongoing efforts to optimize our product mix, improve overall profitability, and