Recently, Zhilun New Materials Technology (Xi'an) Co., Ltd. officially announced the completion of over 100 million yuan in Series B financing. Since its establishment in May 2022, the company has completed six consecutive rounds of financing, and the cumulative financing scale has continued to expand. The investor lineup includes multiple industry leaders and first-line professional investment institutions such as ZTE, Huaqin Technology, Sunny Optics, and Transsion Holdings. The successful implementation of this round of financing marks the high recognition of Zhilun New Materials' technical strength and commercial landing ability in the field of ultra-high purity electronic grade epoxy resin by the capital market, and also signifies that the company has entered a new stage of development in the localization of semiconductor materials.

Six rounds of financing continue to increase capital favor, confirming core values

From the angel round to the B round, each round of financing has attracted deep participation from industrial capital and professional institutions, bringing not only financial support but also forming a deep industrial resonance effect in dimensions such as customer collaboration, technology verification, and industry chain integration. The continuity of multiple rounds of financing fully confirms the capital market's continued optimism towards Zhilun New Materials' three core advantages:

Firstly, we have deepened our technical barriers in the field of semiconductor new materials and have formed differentiated competitive advantages in the research and development of ultra-high purity, low chlorine electronic-grade epoxy resin materials;

Secondly, with the rapid advancement of product commercialization, our core product categories have achieved stable mass production and secured continuous repurchases from top customers;

Thirdly, there is a vast opportunity for substitution of domestic semiconductor materials, and the company has occupied a key market position with its first-mover advantage.

Driven by technological breakthroughs and market expansion, our business landscape continues to expand

After four years of deep cultivation, Zhilun New Materials has established a relatively complete production and research system as well as a market layout.

In terms of technological research and development, the company has applied for a total of 41 invention patents, of which 28 have been granted in the mainland and Hong Kong, 1 in Europe, 2 in the United States, and 1 in Japan. At the same time, the company actively participates in the formulation of industry standards, contributing to the development of 4 national standards and 1 industry standard, and leading the development of 2 group standards as the leading force. The company's core products have passed the "internationally advanced" achievement evaluation by the Ministry of Industry and Information Technology and obtained EU REACH certification, with performance indicators reaching the international mainstream level. The company has jointly established a joint laboratory with Shaanxi Normal University, and has been awarded the Student Practice Base of the School of Chemistry and Chemical Engineering of Shaanxi University of Science and Technology and the Graduate Practice Base of the School of Chemical Engineering and Biological Engineering of Zhejiang University, indicating that the industry-university-research collaborative innovation system is becoming increasingly mature.

In terms of product matrix, the company has developed three major series of products: ultra-pure low-chlorine epoxy resin, modified epoxy resin, and epoxy resin auxiliary agents. Additionally, it provides customized services for ultra-high purity epoxy resin derivative products. The core products cover a diverse range of packaging scenarios, including electronic adhesives, copper-clad laminates, and epoxy molding compounds. These products are widely used in various fields such as semiconductor packaging, composite materials, high-end coatings, and wind turbine blades.

In terms of production capacity layout, the company's wholly-owned subsidiary, Binzhou Zhilun New Material Technology Co., Ltd., serves as the production base, covering an area of 54.8 acres. It is a key project in Shaanxi Province for the year 2024 and officially commenced production on October 23, 2024, with the first phase releasing a production capacity of 20,000 tons of electronic-grade epoxy resin. The holding subsidiary, Suzhou Zhihua New Material Technology Co., Ltd., focuses on product sales, after-sales technical support, and technological development, and has established a market service network covering the semiconductor industry clusters in the Yangtze River Delta, Pearl River Delta, and central and western China.

In terms of market expansion, the company's core products have passed long-term mass production verification by multiple leading enterprises in the semiconductor industry chain, with both customer repurchase rates and order sizes experiencing significant year-on-year growth. Notably, in 2025, the company's ultra-high purity low-chlorine electronic-grade epoxy resin products broke through international "bottleneck" technical barriers, successfully entering the semiconductor industries of Japan and South Korea, achieving bulk shipments in overseas markets and multiple batches of new products being launched. This marks that the company's product quality has gained recognition in the international mainstream market.

B-round financing empowers strategic upgrade and moves towards a new stage

Regarding the purpose of the funds from this round of financing, Du Biao, Chairman of Zhilun New Materials, stated that the focus will be on the following strategic directions:

First, deepen the research and development of cutting-edge technologies. For frontier fields such as third-generation semiconductor materials and high-performance resin materials for advanced packaging, establish a specialized R&D team to break through key technological bottlenecks, further expand the technical patent portfolio, and consolidate the company's technological leadership in the field of ultra-high purity, low-chlorine electronic-grade epoxy resin.

Secondly, accelerate capacity upgrading and supply chain optimization. In response to the growing demand for customer orders, moderately expand the production capacity of core products and increase the proportion of high-end product capacity. At the same time, establish long-term strategic cooperation with upstream raw material suppliers to ensure the safety and stability of the supply chain and lay a solid foundation for large-scale delivery.

Thirdly, we aim to upgrade the market ecosystem. We will establish additional service outlets in regions where the semiconductor industry is concentrated, shortening the response time for customers and offering comprehensive services ranging from product testing to customized development. We will deepen our ecological cooperation with key enterprises in the industry chain, constructing a full-cycle service system covering research and development, testing, and mass production. This will accelerate our company's transformation from a "product supplier" to a "scenario-based solution service provider".

Fourthly, strengthen the construction of talent team. Centered around the direction of new technologies and the needs of business expansion, introduce high-end R&D talents and industrialization management talents, improve talent cultivation and incentive mechanisms, and provide solid talent support for the company's continuous innovation and large-scale development.

Investor representative

Representatives from institutions participating in this round of financing stated, "We have long been paying attention to the localization of new semiconductor materials. Zhilun New Materials has demonstrated an impressive ability to balance technological research and development with market implementation. From the angel round to the B round, the company has not only achieved stable technological iteration and business growth but also made breakthroughs in international markets such as Japan and South Korea, validating the international competitiveness of its products and the sustainability of its business model. We firmly believe in the company's development prospects and look forward to helping it occupy a more important position in the global semiconductor materials market through strategic collaboration.". ”

Future Outlook

Chairman Du Biao emphasized: "The localization of semiconductor materials has entered a critical stage of 'tackling key issues + accelerating progress'. The completion of the B round of financing is not only an important milestone in the company's development history, but also a new starting point for moving to the next stage. In the future, Zhilun New Materials will continue to focus on the main business of semiconductor new materials, with technology research and development as the core and customer needs as the guide. Relying on its own strength, it will delve deeply into the market and work with industry chain partners to promote the maturity and upgrading of the domestic semiconductor material ecosystem.". ”

With the successful completion of its Series B financing, Zhilun New Materials is embarking on a new chapter in the journey of semiconductor material localization, taking a steadier pace and adopting a broader perspective. Leveraging the dual leverage of capital empowerment and industrial synergy, the company will continue to deepen technological innovation and market expansion, contributing Chinese strength to the independent controllability and high-quality development of the global semiconductor industry chain.