Xinxu is a Chinese manufacturer and distributor of copper and copper alloy products, operating through its subsidiary Anhui Xinxu in Wuhu City, Anhui Province. The company has two core activities: fabricating copper products and reselling electrolytic copper. Fabricated products include T2-grade copper busbars, copper rods, and — more recently — hard and soft connection copper bars for EV battery packs. These are manufactured using copper cathode and scrap copper as raw materials, with value added through casting, extruding, drawing, bending, and surface treatment. The fabrication business earns a spread between raw material costs and finished product pricing. The electrolytic copper resale business involves buying high-purity copper from third-party manufacturers and reselling it at a thin margin — this activity currently dominates revenue at roughly 78% of FY25 sales, despite Xinxu's stated goal of reducing its share. Xinxu sells direct through a 15-person sales force covering 199 customers across 19 provinces in China, transacting on a per-order basis. Customer concentration is high — four customers accounted for roughly 61% of FY25 revenue. Xinxu's growth strategy focuses on expanding its EV battery component business, which entered small-batch production in early 2024, and broadening its geographic sales reach into major Chinese cities. Profitability is sensitive to copper commodity prices, product mix, and capacity utilization across its ten production lines with roughly 20,000 tons of annual capacity.