Fuyang Xinyihua, a leading domestic photoresist company, completed the D round of financing exceeding 500 million yuan
Xinyihua Materials, Fuyang Xinyihua Materials Technology Co., Ltd. (hereinafter referred to as "Fuyang Xinyihua"), a leading photoresist company in China, recently completed a D-round financing of over 500 million yuan.
It is reported that this round of financing is led by Shengjing Jiacheng Fund of Funds, Zhongdian Zhongjin, Jiantou Investment, Hefei Innovation Investment, Fuhe Fund, Fuxin Optoelectronics, Wuchan Zhongda, Haizhi Investment, Longding Capital, Qixin Capital , Jiahesheng, Shanghai Yuying and others followed suit. Light Source Capital acted as the exclusive financial advisor. This round of funds will be used to further increase the R&D and expanded reproduction of photoresist and OLED materials, enhance the core competitiveness of the company, seize technological high points, occupy market advantages, help improve the localization rate of key materials, and contribute to the construction of a healthy industrial ecology chain escort.
According to reports, Fuyang Xinyihua has diversified its product and technology layout in display photoresists, semiconductor photoresists, special photoresists, OLED materials and cutting-edge materials, and continues to deepen the field of electronic materials.
At present, Fuyang Xinyihua has promoted the localization of high-end photoresist for TFT-LCD display, and a variety of self-developed color photoresist products have been recognized by BOE, TCL Huaxing and other industry leading customers, achieving stable mass production, ranking first in China The top photoresist company in mainland China. In addition, the company's semiconductor photoresist business has reached a cooperative relationship with a number of 12-inch fabs, and KrF products are being imported and tested by many customers; Resists have achieved technological breakthroughs and mass production; OLED high-quality materials have been certified and shipped to many key customers in the industry.