Xinxu is a holding company incorporated on Sept. 11, 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 subsidiaries established in China, primarily Anhui Xinxu. (Incorporated in the Cayman Islands) 

We, through Anhui Xinxu, are primarily engaged in the research and development (“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-plated copper bars, T2 copper rods and sticks, and electrolytic copper. We engage in metal casting, extruding, and drawing to fabricate finished and semi-finished copper 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-standing relationships we have with our broad customer base.

We currently have over 200 customers, covering 15 provinces and municipal cities of China, including but not limited to Beijing, Shanghai, Anhui, Zhejiang, Jiangsu, and Guangdong. We employ approximately 200 people and operate our business in an area of approximately 43,330 square meters in Wuhu City, Anhui Province, China. As of the date of this prospectus, we have five manufacturing workshops in service covering an area of approximately 21,860 square meters, housing six productions lines with an annual production capacity of approximately 20,000 tons. We also have established long-term strategic partnerships with most of our major suppliers for the sufficient and steady supply of our raw materials.

Since our inception, we have focused on the establishment and improvement of 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 applied into our product portfolio, which have improved our product quality and production efficiency. As of the date of this prospectus, we have a R&D team consisting of 30 staff, and have a patent portfolio of six registered patents in China. In 2018, our “Xinxu” branded copper busbars were awarded as “Anhui Brand Name Products” and in the same year, Anhui Xinxu was also recognized as an “Anhui Enterprise Technical Center” and “Anhui Trademark Demonstration Enterprise” 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 and sticks, are currently compliant with the ISO 9001 and ISO 14001 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 December 31, 2023, and the fiscal years ended June 30, 2023 and 2022, we recognized revenue of approximately $49.26 million, $170.85 million and $107.44 million, respectively, and generated net loss of $0.30 million, $0.27 million and net income of $1.11 million, respectively.

Note: Net loss and revenue are for the fiscal year that ended June 30, 2023.

(Note: Xinxu Copper Industry Technology Ltd. filed the F-1 for its small IPO without disclosing the terms – except for stating an estimate of IPO proceeds at $15.0 million – on March 29, 2024. Background: Xinxu Copper Industry Technology Ltd. submitted a confidential IPO filing to the SEC on July 30, 2021.)