Company Overview - Xinxu Copper Industry Technology Limited is based in Wuhu, Anhui Province, primarily engaged in the research, development, manufacturing, and sales of copper and copper alloy products, including T2 red copper bars, T2 tin-plated copper bars, and electrolytic copper [1][8] - The company has a production capacity of approximately 20,000 tons annually and operates five workshops with ten production lines [8][9] - As of September 18, 2025, Xinxu has 153 customers across 19 provinces in China and employs 235 staff [8][9] Industry Overview - The copper processing industry in China produced approximately 23.50 million tons in 2024, reflecting a year-on-year growth of 1.7% [10] - The industry is driven by significant investments in new energy and infrastructure, maintaining solid growth despite global economic uncertainties [10] - Key demand drivers include renewable energy and electric vehicles, with copper consumption in new energy vehicles expected to rise significantly [11][12] Investment Highlights - The company plans to list on the Nasdaq under the ticker XXC, offering 1,500,000 ordinary shares, with a price range of $4.0 to $5.0 per share [6] - Proceeds from the IPO will be allocated to equipment purchases, R&D, and working capital, with approximately 25% dedicated to R&D for new products and technologies [6][8] - Xinxu has a strong R&D team of 43 employees and has registered six patents, indicating a commitment to innovation [13][16] Growth Strategies - The company aims to expand its market share and enhance product offerings through technology innovation [17] - Plans include strengthening customer relationships and expanding the sales network to attract and retain talent [17][18] - Xinxu is shifting focus towards higher-margin products, particularly in the electric vehicle sector [8][12] Selected Financials - For the six months ended December 31, 2024, the company reported revenues of approximately $66.5 million, with a gross profit margin increase of 155.22% compared to the same period in 2023 [19][21] - The company has shown a consistent increase in sales from long-term customers, with approximately 78.32% of sales coming from customers with three years or more of business [13][19]