Xinyang New Material
Advanced composite components for aerospace and defense systems.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
$38.3m | Late VC | ||
| Total Funding | 000k | ||
Jiangsu Xinyang New Material Co., Ltd., founded in 2002, is a specialized developer and manufacturer of high-performance composite material components for the aerospace and defense sectors. The company provides critical parts for equipment such as large manned and unmanned aircraft, fighter jets, missiles, solid-fuel launch vehicles, and naval ships. Its primary clients include major state-owned military-industrial groups like AVIC, CASIC, and China Shipbuilding Corporation.
The company was founded by brothers Li Jun and Li Lin. As of a May 2023 prospectus, Li Jun held a direct stake of 24.03% and indirect control of another 3.67%, while his brother Li Lin held 19.36%, making them the controlling shareholders. The firm operates as a national high-tech enterprise and maintains a national postdoctoral research workstation. It has received multiple provincial Science and Technology first-prizes for its work.
In addition to its military focus, Xinyang New Material produces Glass-Reinforced Epoxy (GRE) pipes and provides related EPCC (Engineering, Procurement, Construction, and Commissioning) services for the oil and gas industry. These products are utilized in applications like water injection pipelines, crude oil transport, and chemical sewage treatment, and are exported to markets in Central Asia, the Middle East, and Africa.
The company's planned IPO on the Shanghai STAR Market was cancelled as of July 2024. Prior to this, Xinyang had secured funding from investors including Longli Investment, Aviation Development Fund Management, and AVIC Trust Company. The company is headquartered in Yangzhou, China, and has over 1,000 employees.
Keywords: composite materials, aerospace components, defense systems, military equipment, unmanned aerial vehicles, solid-fuel rockets, GRE pipes, EPCC contractor, aerospace manufacturing, naval ship components, radar systems, carbon fiber composites, oil and gas pipelines, special aircraft parts, missile components, high-performance materials, advanced manufacturing, defense industry supplier, structural components, systems integration