Xinchuan Electronics completed a nearly RMB 100 million pre-IPO round of financing

36Kr learned that "Xinchuan Electronics" recently announced the completion of a nearly 100 million yuan pre-IPO round of financing, jointly invested by institutions such as Hangzhou Urban Construction Investment, Legend Capital, Fuzhe Technology, and Zhejiang Communications Investment Industry Transformation Fund. The funds will be mainly used for the R & D of products such as MLCC 60nm - 80nm finished nickel powder, special copper powder for photovoltaics, and base metal catalysts, the expansion of production line scale, and market development.