Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 120

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 120
---
 Market Condition — The copper processing industry in general is characterized by cyclical market conditions. From time to time, the industry has been subject to imbalances between excess supply and a slowdown in demand, and in certain periods, resulting in declines in selling prices. In addition, capacity expansion anticipated in the copper processing industry may lead to excess capacity. Capacity expansion in the industry may be due to scheduled ramp -upof new manufacturing facilities, and any large increases in capacity because of such expansion could further drive down the selling prices of our products, which would affect our results of operations. We cannot assure you that any 66

continuing or further decrease in selling prices or future downturns resulting from excess capacity or other factors affecting the industry will not be severe or that any such continuation, decrease or downturn would not seriously harm our business, financial condition and results of operations. •Market Competition — Several of our products have historically faced significant competition in China, and we have successfully competed against our competitors with excellent customer service, high quality products and rapid fulfilment of customer orders. However, our business could be adversely affected by competitors who reduce prices, improve on -timedelivery and take other competitive actions, which may reduce our customers’ purchases of products from us. Results of Operations For the Fiscal Years Ended June 30, 2024 and 2023 The following table summarizes the results of our operations for the years ended June30, 2024 and 2023, respectively, and provides information regarding the change in dollar and percentage during such periods. (All amounts, other than percentages, are in U.S. dollars)

|                                   |     | For the Fiscal Years Ended 
 June 30,                   |         2024 |   |     |   |         2023 |   |     | Variance |      Amount |   |     |         | Percentage |
|:----------------------------------|:----|:---------------------------|-------------:|:--|:----|:--|-------------:|:--|:----|:---------|------------:|:--|:----|--------:|:-----------|
| Sales                             |     | $                          |  105,874,786 |   |     | $ |  170,845,619 |   |     | $        | (64,970,833 | ) |     |  (38.03 | )%         |
| Cost of sales                     |     |                            | (101,811,921 | ) |     |   | (168,