Qingyun Advanced Materials completed its Series C+ strategic financing, co-led by Sinochem Fund and SDIC Fund, to support the iterative innovation and upgrade of flash spinning technology.
Recently, Jiangsu Qingyun New Materials Co., Ltd. (hereinafter referred to as "Qingyun New Materials") announced the completion of a Series C+ strategic financing round. The China Sinochem Innovation (Quanzhou) Industry Fund under Sinochem Capital Venture Capital (hereinafter referred to as the "Sinochem Quanzhou Fund") and the Guoxin Venture Capital Fund affiliated with China Guoxin Fund jointly led the investment. This financing will accelerate the technological iteration, innovation, and upgrading of Qingyun New Materials in the field of flash spinning materials, further consolidating its global leading position in this field and injecting new impetus into the independent innovation of China's new materials industry.
As a national-level specialized and sophisticated "little giant" enterprise, Qingyun New Materials has successfully broken through the 60-year technological blockade imposed by overseas enterprises. It has achieved a breakthrough from 0 to 1 in the flash spinning process in terms of process, equipment, and formula. The Kunlun flash spinning special material independently developed by the company has filled the domestic gap, and the entire chain of technologies from raw material formula, core process to complete sets of equipment is independently controllable. The Kunlun material independently developed by the company has excellent characteristics such as waterproof and breathable, lightweight and high-strength, and 100% green, environmentally friendly, and recyclable. Its performance indicators exceed those of similar international products and have successfully passed the highest global standards such as the EU RoHS/REACH and the US FDA. Currently, it is widely used in key fields such as medical packaging, safety protection, building energy conservation, industry, semiconductors, and water treatment.
Chen Boyi, the founder of Qingyun New Materials, said: "The strategic investment from Guoxin Fund and Sinochem Quanzhou Fund fully recognizes the technological strength and industrial value of Qingyun New Materials. Qingyun's industrial technology will also undergo significant upgrading, iteration, and innovation, gradually entering the uncharted territory in the field of technology and product innovation. At the same time, relying on the resource advantages and industrial synergy capabilities of the investors, the company will accelerate the large-scale application of Kunlun material in emerging fields such as high-end medical, green building, personal protection, and modern agriculture, and further promote strategic synergy and industrial chain integration with central state-owned enterprises."
The relevant person in charge of the Sinochem Quanzhou Fund pointed out: "Qingyun New Materials is the only domestic company that has achieved engineering mass production and commercial sales of flash spinning materials in high-end application fields such as medical packaging. Relying on years of R & D accumulation and the support of the domestic efficient and low-cost supply chain system, Qingyun New Materials' products have the dual advantages of technological leadership and low cost. Through this investment, Sinochem Capital Venture Capital actively fulfills the strategic mission of Sinochem Group's CVC, assists in expanding the downstream application scenarios of Quanzhou Petrochemical's HDPE particles, and achieves a win-win situation of value investment and industrial synergy."
The relevant person in charge of Guoxin Fund said: "As a key basic material for the country's strategic emerging industries, the technological breakthrough of flash spinning materials is of great significance for ensuring the security of the industrial chain. Qingyun New Materials has not only achieved independent control of technology but also built significant barriers in terms of production capacity layout and international certification. Guoxin Fund will actively play the dual-driving role of capital and industry, support the enterprise to continuously expand the technological boundaries and application scenarios, and build a new materials platform with global competitiveness."
Investing in Qingyun New Materials is a vivid practice for Sinochem Capital Venture Capital to implement Sinochem Group's CVC strategy and support the development of strategic emerging industries. It is also an important measure for Guoxin Fund to layout the high-end new materials track and serve the construction of a modern industrial system. In the future, Guoxin Fund and Sinochem Quanzhou Fund will continue to play an enabling role, helping Qingyun New Materials to continue to lead in the industry and accelerate its global expansion.
With the completion of the Series C+ financing, Qingyun New Materials will accelerate the breakthrough of key technologies and the expansion of production capacity of flash spinning materials, providing strong support for the high-quality development of China's new materials industry and contributing Chinese wisdom and solutions to the global new materials industry development.