# Hechen New Material

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hechen-new-material

- Industry: Materials
- Headquarters: Maanshan, China
- Website: www.ahhechen.com
- Latest round: Series B (Oct 29, 2025)
- Investors on record: 4

## About

Established in 2016 and based in Maanshan, China, Hechen New Material mainly develops and produces flat panel display, optical, semiconductor type fine polished materials. The company has established a long-term and extensive cooperation with Sichuan University, which has set up a doctoral workstation in the company. The founder of the company, Mr. Li Jiahai, worked in Wuhu Changxin and has been engaged in the management of ITO/TFT-LCD new display industry for a long time. At present, the company has a total of 220 employees, the production plant covers an area of 45,000 square meters, has 25 invention patents, more than 60 utility model patents, and has won the DIC AWARD International Display Technology Innovation Grand Prix Innovation Breakthrough Award, etc. In October 2025, Hechen New Material closed a Series B funding co-led by new investors GTJA Innovation Investment and CRRC Guochuang Capital Management, with participation from new investors Jinyuan Capital, Pavi Investment and other investors.

The company mainly develops and produces flat panel display, optical, semiconductor class fine polishing materials and photomask plate substrates, so far, the company has a total of new display adsorption pad \ polishing pad, photomask mask plate substrates, CMP polishing materials for semiconductors 3 major products, applied to mobile terminal display, automotive instrumentation car display, household appliances display, optical components and so on. At the same time, the company has served more than 30 domestic enterprises, including BOE, Lanshi Technology, etc.

The funding raised in October 2025 will be mainly used to expand the production capacity of 8.6-generation blank masks (photomask substrates) and semiconductor advanced process polishing pads, while also increasing R&D support for strategic customers to meet market demand.

## Funding rounds

- Series B, Oct 29, 2025 — GTJA Innovation Investment, CRRC Guochuang Capital Management, Jinyuan Capital, Pavi Investment

## Investors

- GTJA Innovation Investment (https://capitalatlas.ai/funds/gtja-innovation-investment) — Series B
- CRRC Guochuang Capital Management (https://capitalatlas.ai/funds/crrc-guochuang-capital-management) — Series B
- Jinyuan Capital (https://capitalatlas.ai/funds/jinyuan-capital) — Series B
- Pavi Investment — Series B