Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 138

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 138
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 on September11, 2017 as an exempted company under the laws of the Cayman Islands. As a holding company with no material operations of its own, Xinxu conducts substantially all of its operations through its operating subsidiaries established in China, primarily Anhui Xinxu. We, through Anhui Xinxu, are primarily engaged in the R&D, fabricating and processing, and sales and distribution of copper and copper alloy products. Our products include, but are not limited to, T2 red copper bars, T2 tin -platedcopper bars, T2 copper rods, electrolytic copper and aluminum bar. From January 2024 to June30, 2024, we adjusted our sales structure by significantly reducing the volume of copper material resales, primarily electrolytic copper. This decrease was primarily the result of a strategic adjustment in our sales focus away from lower -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. 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. See “ Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the “ Our Products.” This realignment reflects our ongoing efforts to optimize our product mix, improve overall profitability, and focus on higher -marginproducts. 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, Anhui, Zhejiang, Jiangsu, and Guangdong. We employ 217 people and operate our