Industry Newsmetal powdersmlccphotovoltaicsfunding
Sinchin Raises Pre-IPO Funding For Expansion
5.1
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.
Key Points
- 1Closed pre-IPO financing of nearly RMB100 million led by Lenovo Capital and Hangzhou Chengtou.
- 2Secured funding to accelerate R&D, expand capacity, and localize high-end MLCC electrode materials.
- 3Expanding production to 4,000t (2026) and 6,000t (2027) supports supply chain localization and scale.
Scoring Rationale
Moderate strategic relevance driven by funding and scaling, limited by single-source company reporting and sector-specific scope.
Sources
Public references used for this report.
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