Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 14

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 14
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 -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 “ Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the “ Business — Our Products.” This realignment reflects our ongoing efforts to optimize our product mix, improve overall profitability, and focus on higher -marginproducts. Notwithstanding the foregoing, after such strategic adjustment, electrolytic copper is still our main product, accounting for approximately 93.98% and 85.90%, respectively, of our total revenues for the fiscal years ended June30, 2024 and 2023. We engage in metal casting, extruding, and drawing to fabricate finished and semi -finishedcopper products from copper cathode and scrap copper wires. Our products are used in a variety of applications across diversified end markets, including electronics and electrical components, telecommunications, automobiles, air conditioners, ships, metallurgy, electromechanical, transportation, building and housing, power distribution, solar energy and other sectors across China. We access these end markets through our direct sales force reaching a wide variety of customers with both high and low volume demands for our products. We believe the diversity of our product portfolio, our R&D capacities and technical expertise underpin the long -standingrelationships we have with our broad customer base. We currently have 139 customers, covering 19 provinces and municipal cities of China, including but not limited to Beijing, Shanghai, Tianjin, Chongqing, Anhui, Zhejiang, Jiangsu, and Guangdong. We employ 217 people and operate our business in an area of approximately 43,330 square meters in Wuhu City, Anhui Province, China. As of the date of this prospectus, we have five manufacturing workshops in service covering an area of approximately 21,860 square meters, housing ten productions lines with an annual production capacity of approximately 20,000 tons. We also have established long -termstrategic partnerships with most of our major suppliers for the sufficient and steady supply of our raw materials. Since our inception, we have focused on the establishment and improvement of our R&D capacities. In April 2017, we established our R&D department and technology center in Wuhu City, Anhui Province, and have conducted numerous R&D projects since then. We currently own six registered patents acquired as a result of those R&D projects. As of the date of