Company: XXC
Filing Date: 2025-11-18
Form Type: 20-F
Source: 0001213900-25-111691
Chunk: 109

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-18
Form: 20-F
Item: Item 19
Chunk 109
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 10,161,659       5.95  
  Aluminum bar products                                                                  26,493       0.02          125,244       0.12            5,721          —  
  Copper rods                                                                           812,146       0.72          545,804       0.52          601,428       0.35  
  Subtotal                                                                           25,208,093      22.24        6,367,521       6.01       24,078,866      14.09  
  Processing service                                                                     30,828       0.03            5,341       0.01            4,844          —  
  Resale of copper materials, primarily electrolytic copper                          88,094,523      77.73       99,501,924      93.98      146,761,909      85.90  
  Total Revenue                                                                     113,333,444                 105,874,786                 170,845,619             

NOTE 26 - SEGMENT REPORTING

ASC 280, “ Segment
Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s
internal organizational structure as well as information about geographical areas, business segments and major customers in financial
statements for details on the Company’s business segments. The Company uses the “management approach” in determining
reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief
operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable
segments.

F-27

XINXU COPPER INDUSTRY TECHNOLOGY LIMITED

NOTE 26 - SEGMENT REPORTING(cont.)

All the Company’s operating facilities and
long-live assets are in China and based on management’s assessment on the nature and characteristics of the products and service,
the Company has determined that it has onlyoneoperating segment as defined by ASC 280.

The Company sold substantially
all its products to the customers in the PRC and hadnointernational sales revenue during the fiscal years ended June 30, 2025
and 2024.

NOTE 27 - FINANCIAL IMPACT OF COVID-19

In December 2019, a novel
strain of coronavirus was reported to have surfaced in Wuhan, China, which has and is continuing to spread throughout China and other
parts of the