Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 155

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 155
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 material in our production. We usually purchase products from other fabricator and processors at a lower price and then resell them to our customers at a comparatively higher price. Electrolytic copper is also the main raw materials for fabricating and processing our products, accounting for approximately 40% of our overall raw materials. Picture 7: Selection of Electrolytic Copper In January 2024, we adjusted our sales mix by significantly reducing the volume of copper material resales, primarily electrolytic copper due to their low margins. Instead, we shifted our focus toward higher -marginproducts, particularly soft and hard connection copper bars. We achieved small -batchproduction of these products in December 2023, which are currently widely used in electric vehicle battery packs, a segment experiencing growing demand. As a result, there was a significant decrease in resales of copper materials, primarily electrolytic copper from January 2024 to June 2024. See “ Management’s Discussion and Analysis of Financial Condition and Results of Operations.” This realignment reflects our ongoing efforts to optimize our product mix, improve overall profitability, and focus on higher -marginbusiness lines. Notwithstanding the foregoing, after such strategic adjustment, electrolytic copper is still our main product. For the six months ended December31, 2024 and the fiscal years ended June30, 2024 and 2023, our revenues generated from the sales of our outsourced electrolytic copper were approximately $53.12million, $99.50million and $146.76million, respectively, accounting for approximately 79.90%, 93.98% and 85.90%, respectively, of our total revenues. Aluminum bar Aluminum bars, also known as aluminum bar assemblies or soft aluminum connectors, are soft connectors made of aluminum foil. They are widely used in the battery modules of new energy vehicles to facilitate electrical connections between battery cells. Aluminum bars offer good electrical conductivity, ensuring efficient current transmission within battery modules. Since May 2023, we have procured aluminum raw materials, processed them using our existing polymer diffusion welding machines and punch presses, and subsequently sold the finished products to our customers. Picture 8: Selection of Aluminum Bar 92 For the six months ended December31, 2024 and the fiscal years ended June30, 2024 and 2023, our revenues generated from the sales of aluminum bar products were insignificant. Our Services In December 2022, we began offering customized processing services. We process copper bars according to our customers’ specifications. Customers usually provide complete