# Vital Thin Film Materials Co.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/vital-thin-film-materials-co

- Industry: Materials
- Headquarters: Guangzhou, China
- Website: www.vitaltfm.com
- Total disclosed funding: $821M
- Latest round: Series B (Sep 28, 2022)
- Investors on record: 28

## About

Established in 2017 and based in Guangzhou, China, Vital Thin Film Materials Co. Ltd is an advanced materials company that focuses on the research and development of thin film materials. It has 4 R&D and manufacturing bases in Qingyuan, Hefei, South Korea, and Singapore. Vital Group acquires 100% of the Umicore-Vital joint venture, creating Vital Thin Film Materials. It has offices in the United States, Belgium, Hong Kong, Taiwan, etc. As of 2022, it has nearly 1000 employees. In July 2025, Xinhu Zhongbao agreed to acquire Vital Thin Film Materials Co. Ltd. financial terms were not disclosed. The company's main business is research and development, production and sales of sputtering targets and evaporation materials for vacuum coating. It controls raw virgin materials through the recycling of spent sputter targets, end-of-life products, and production waste. The self-developed products include ceramic targets, metal targets, precious metal targets, HP metal materials, oxides, selenides, sulfides, and fluoride. The product is used in the field of display, photovoltaic, semiconductor, precision optics, data storage, and glass. Revenue is generated from production, sales and recycling of sputtering targets and evaporation materials for physical vapor deposition (PVD). Vital Thin Film Materials Co. Ltd will focus on improving target performance and developing new material compositions applied in future technologies.

## Funding rounds

- Series B, Sep 28, 2022, $632M — Morgan Stanley Private Equity Asia, China International Capital Corporation, China Merchants Zhiyuan Capital Investment, China Industrial Bank, Haier Capital, CNBM Investment, SDIC Unity Capital, Sikai Yunjian Capital, Zhuhai Huafa Group, CETC Fund, Sinochem, Greater Bay Area Homeland Investments Limited, Minmetals Innovation Fund, Oriental Three Gorges Fund, Qianhai CSSC Equity Investment Fund Management, Zhuhai Gree Group, Xinda Kunpeng (Shenzhen) Equity Investment Management
- Series A, Jan 6, 2022, $188M — China International Capital Corporation, Ming Yang Smart Energy Group, BYD Company Limited, CICC Jia He Equity Investment Fund Management, Sinopec Capital, Shenzhen Chuangqi Kaiying Business Services, Guosheng Fund, Xinjiang Tbea Group Limited, Shanghai Xinhefeng Industrial, Shanghai Fuying Investment Management, Shenzhen Mingyuan Enterprise Management, Zhongcai Dingsheng Beijing Capital

## Investors

- China International Capital Corporation (https://capitalatlas.ai/funds/china-international-capital-corporation) — Series A, Series B
- Ming Yang Smart Energy Group — Series A
- BYD Company Limited — Series A
- CICC Jia He Equity Investment Fund Management — Series A
- Sinopec Capital — Series A
- Shenzhen Chuangqi Kaiying Business Services — Series A
- Guosheng Fund (https://capitalatlas.ai/funds/guosheng-fund) — Series A
- Xinjiang Tbea Group Limited — Series A
- Shanghai Xinhefeng Industrial — Series A
- Shanghai Fuying Investment Management — Series A
- Shenzhen Mingyuan Enterprise Management — Series A
- Zhongcai Dingsheng Beijing Capital (https://capitalatlas.ai/funds/zhongcai-dingsheng-beijing-capital) — Series A
- Morgan Stanley Private Equity Asia (https://capitalatlas.ai/funds/morgan-stanley-private-equity-asia) — Series B
- China Merchants Zhiyuan Capital Investment — Series B
- China Industrial Bank — Series B
- Haier Capital (https://capitalatlas.ai/funds/haier-capital) — Series B
- CNBM Investment — Series B
- SDIC Unity Capital (https://capitalatlas.ai/funds/sdic-unity-capital) — Series B
- Sikai Yunjian Capital (https://capitalatlas.ai/funds/sikai-yunjian-capital) — Series B
- Zhuhai Huafa Group — Series B
- CETC Fund (https://capitalatlas.ai/funds/cetc-fund) — Series B
- Sinochem (https://capitalatlas.ai/funds/sinochem) — Series B
- Greater Bay Area Homeland Investments Limited (https://capitalatlas.ai/funds/greater-bay-area-homeland-investments-limited) — Series B
- Minmetals Innovation Fund (https://capitalatlas.ai/funds/minmetals-innovation-fund) — Series B
- Oriental Three Gorges Fund (https://capitalatlas.ai/funds/oriental-three-gorges-fund) — Series B
- Qianhai CSSC Equity Investment Fund Management (https://capitalatlas.ai/funds/qianhai-cssc-equity-investment-fund-management) — Series B
- Zhuhai Gree Group — Series B
- Xinda Kunpeng (Shenzhen) Equity Investment Management (https://capitalatlas.ai/funds/xinda-kunpeng-shenzhen-equity-investment-management) — Series B