(Note: “Investors are cautioned that you are not buying shares of a China-based operating company but instead are buying shares of a BVI holding company with operations conducted by our subsidiaries and through contractual arrangements with a variable interest entity based in China and that this structure involves unique risks to investors,” the prospectus says.)

Huarui International is a holding company that was incorporated under the laws of British Virgin Islands on August 26, 2019. As a holding company with no material operations of our own, we conduct our operations in China through the VIE. The Company, through its subsidiaries and VIE, specializes in producing fine finish copper fittings and customized copper busbars for high-conductivity electrical power applications in the PRC. 

We obtain raw materials mainly from copper manufacturers in mainland China. Our most common raw materials include electrolytic copper, copper tape, copper bar and aluminum profile. We also procure processing equipment from various equipment manufacturers.

Our products are widely used in solar energy, high-speed railway, chemistry engineering and mechanical industries. Our product portfolio includes thousands of types of copper fittings, as well as custom-designed products. We are flexible enough to provide personalized service for each customer.

We believe that we have grown to be one of the leading companies in the copper fittings industry in China, offering over 15,000 parts from four separate product categories, including copper bars, hard connections, soft connections, and aluminum connections in electrical components. We also export a small amount of aluminum connections to Finland and hard connections to Czech Republic. All products are manufactured in our own ISO 9001:2015 accredited factories. In the last two fiscal years, we generated revenue mostly from generic copper busbars and fine finish copper and aluminum fittings.

(Note: Revenue and net income figures are in U.S. dollars for the 12 months that ended June 30, 2021.)