# Hongchang New Materials

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hongchang-new-materials

- Industry: Materials
- Headquarters: China
- Website: www.ahhongchang.com
- Latest round: Series B (Dec 28, 2023)
- Investors on record: 4

## About

Established in 2014 and based in Huaibei, China, Hongchang New Materials is a company that develops and produces carbon fiber products involving PAN-based, pitch-based, viscose-based, and pre-oxygenated fiber series. The company has passed the five system certification, has independent intellectual property rights, participated in the formulation of more than 10 published standards, and has more than 20 authorized patents. The company has reached a cooperative relationship with the State Key Laboratory of Powder Metallurgy of Central South University and the Institute of Intelligent Manufacturing Technology of Hefei University of Technology. In December 2023, it closed a round of series B funding.

The company develops and produces carbon fiber products, including mainly viscose-based carbon materials. Specific products include PAN-based carbon fiber mats, viscose-based carbon fiber graphite mats, rigid composite mats, as well as basic carbon cloth and graphite paper. The company's carbon fiber material products mainly play a role in thermal insulation, used in photovoltaic crystal pulling furnace, semiconductor long crystal furnace and other high-temperature tool furnace field.

## Funding rounds

- Series B, Dec 28, 2023 — Fosun RZ Capital, Jintong Capital, ABQH Shenzhen Investment Fund Management, Sinochem

## Investors

- Fosun RZ Capital (https://capitalatlas.ai/funds/fosun-rz-capital) — Series B
- Jintong Capital (https://capitalatlas.ai/funds/jintong-capital) — Series B
- ABQH Shenzhen Investment Fund Management (https://capitalatlas.ai/funds/abqh-shenzhen-investment-fund-management) — Series B
- Sinochem (https://capitalatlas.ai/funds/sinochem) — Series B