Sinchin Raises Pre-IPO Funding For Expansion

Hangzhou-based Sinchin New Materials said it completed a pre-IPO round raising nearly RMB100 million (USD14 million) from investors including Lenovo Capital and Hangzhou Chengtou. The nanoscale metal-powder maker, known for MLCC nickel and ultrafine soft magnetic powders, will use proceeds for R&D, capacity expansion and market development and targets a 2028 public listing with capacity reaching 4,000 tons in 2026.