Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 148

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 148
---
 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 this prospectus, those patents have been incorporated into our product portfolio, which have improved our product quality and production efficiency. As of June30, 2025, we have a R&D team consisting of 43 personnel, compared to 25 personnel as of June30, 2024. The increase in R&D headcount was primarily driven by our need to support ongoing and new R&D projects in response to evolving market conditions. We currently also have a patent portfolio of six registered patents in China. In 2018, Anhui Xinxu was recognized as an “Anhui Enterprise Technical Center” due to our comparatively strong technical strength and optimized R&D conditions. We prioritize product quality management and are committed to strengthening the professional ethics and cultivating quality consciousness of our employees, forming a strict quality management system, which we believe is in line with industry standards in China. As a high technology company, we have established a sound quality control system where our products, including copper bars, are currently compliant with the ISO 9001, ISO 14001 and IATF16949 standards. We generate revenues through (i) sales of our own “Xinxu” brand copper products, (ii) sales of copper raw materials, and (iii) service fees for processing customized copper products for our customers. For the six months ended December31, 2024 and the fiscal years ended June30, 2024 and 2023, we recognized revenue of approximately $66.48million, $105.87million and $170.85million, respectively, and generated net income of approximately $1.5million and $0.84million, respectively, for the six months ended December31, 2024 and the fiscal year ended June30, 2024 while we incurred net loss of approximately $0.27million for the fiscal year ended June30, 2023. 87 Our Strengths We believe that the following strengths contribute to our growth and differentiate us from our competitors: • Strong R&D capabilities.We are committed to investing in R&D and have built a strong R&D team. As of December31, 2024, June30, 2024 and 2023, our R&D