Company: XXC
Filing Date: 2025-09-18
Form Type: F-1/A
Source: 0001213900-25-089077
Chunk: 152

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-18
Form: F-1/A
Chunk 152
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 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 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 six months ended December31, 2024 and the fiscal years ended June30, 2024 and 2023, our revenues generated from processing services were immaterial. Our Customers A sound customer base is undeniable to our success. We source our customers through multiple channels: (i) referrals from our present customers, (2) industry exhibitions/expos, and (iii) our direct sales team. Because of our strong brand equity, loyal customer base and evolving product portfolio, we believe there are significant growth opportunities across these channels as we deepen our sales and marketing in each of our markets. Through our direct sales force, our copper products are sold to our customers covering 19 provinces and municipal cities of China, including but not limited to, Anhui, Zhejiang, Jiangsu, Guangdong, Guangxi, Shandong, Shanghai and Beijing. As of the date of