Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 160

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 160
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 joint polymer diffusion welding technology and shaped parts punching technology as a result of our R&D and progressed to the small batch production and testing stage for both hard and soft connection copper bars. During the six months ended December31, 2024, and the fiscal year ended June30, 2024 and 2023, our R&D expenses were approximately $0.77million, $1.10million and $0.53million, respectively. R&D expenses primarily consist of salaries for R&D personnel and R&D supplies. As of June30, 2025, we have a team of 43 employees in the R&D department, including 18 experienced engineers and 25 technicians, of whom a majority have relevant industry experience of over 20 years. Compared with 30 R&D employees as of June30, 2024, we recruited an additional 13 R&D personnel to collaborate with our original equipment manufacturers on research and development initiatives aimed at cost reduction and operational efficiency enhancement and also to support our ongoing and new R&D projects in response to evolving market conditions. In the future, we expect R&D expenses to increase as we continue to develop new products, enhance existing products and technologies and perform activities related to obtaining additional regulatory approval for our intellectual properties. 95 From March 2018 till present, we conducted seven R&D projects, focusing on the following: •Key technology of upward bright copper rod and environmental protection; •Upward undercurrent continuous casting of large diameter bright copper rods; •Continuous cold -extrusionultra -largewidth -to-thicknessratio transmission of copper busbars; •Continuous cold -extrusionultra -large-loadwater -cooledpower transmission of copper bars; •Key technology for dissimilar metal welding of copper and aluminum; •Copper soft joint polymer diffusion welding technology and shaped parts punching technology; and •copper power distribution components made of copper bars that are widely used in electric vehicle battery packs. We also own six registered invention patents in China, relating to our fabricating and processing procedures, including but not limited to, cooling and cleaning device, synchronous cutting device, traction device of continuous casting machine, continuous casting crystallizer, harmful waste gas recovery device. We adhere to a market -orientedR&D approach, and actively cooperate with universities and other institutions in setting our R&D orientation based on the real market demand, including the following: • Collaboration with Anhui Polytechnic University.Since December1, 2023 we have collaborated with Anhui Polytechnic University on the