Company: XXC
Filing Date: 2025-11-28
Form Type: POS AM
Source: 0001213900-25-115625
Chunk: 142

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-11-28
Form: POS AM
Chunk 142
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 to June 2024. From July 2024 to June 2025, the electrolytic copper resale volume dropped significantly again. Meanwhile, higher -marginproducts for electric vehicle battery packs, such as soft and hard connection copper bars, presented a relatively significant increase compared to the same period of previous fiscal year. 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 fiscal years ended June30, 2025 and 2024, our revenues generated from the sales of our outsourced electrolytic copper were approximately $88.15 million and $99.50million, respectively, accounting for approximately 77.70% and 93.98%, 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 For the fiscal years ended June30, 2025 and 2024, our revenues generated from the sales of aluminum bar products were insignificant. 83 Our Services In December 2022, we began offering customized processing services. We process copper bars according to our customers’ specifications. Customers usually provide complete technical specifications and blueprints, and we perform designated processes such as welding, bending, and punching in accordance with their requirements, delivering the finished products upon completion. Remaining materials from processing must be returned or destroyed. The service fees for such processing are determined through negotiations with our customers and are not subject to subsequent adjustment. For the fiscal years ended June30, 2025 and 2024, our revenues generated from processing services were immaterial. Our Customers A sound customer base is important to our business. We source our customers through multiple channels: (i) referrals from our present customers, (2) industry exhibitions/expos, and (iii) our direct sales team. We believe that our brand recognition, customer base and evolving product portfolio provide growth opportunities across these channels as we deepen our