# Xinyuren Technology

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/xinyuren-technology

- Industry: Industrial Machinery
- Headquarters: Shenzhen, China
- Website: www.xinyuren.com
- Latest round: Series D (Nov 1, 2020)
- Investors on record: 9

## About

Established in 2002 and based in Shenzhen, China, Shenzhen Xinyuren Technology Co., Ltd. is a company that focuses on R&D, production and sales of lithium-ion battery production equipment. In 2011, the company launched extrusion coating machines and smart vacuum ovens. In 2019, the firm established Shenzhen Yawei New Material Co., Ltd. In March 2022, Xinyuren Technology raised strategic investment from new investor Tianhe Hanhui Hengchuan Investment Management Center. In 2023, the company was listed on the Shanghai Sci-Tech Innovation Board. Its stock code is 688573.

The company's main products include intelligent high-vacuum ovens, SDC coating machines, automatic assembly lines for aluminum shell batteries and flat mask machines, etc. The intelligent high-vacuum oven uses high-vacuum molecular state water removal to achieve rapid drying of materials. Its products are used in lithium-ion batteries, optoelectronics, medical supplies, hydrogen fuel cells and other industries.

In 2022, the company's operating income was CNY 669.48 million, and its net profit was CNY 68.36 million.

## Funding rounds

- Series D, Nov 1, 2020 — Grandway Capital, Shenzhen Hui Capital, Navitas Capital
- Series C, Jan 1, 2019 — Shenzhen Guozhong Venture Capital
- Series B, Jan 1, 2017 — Green Pine Capital Partners
- Series A, Dec 28, 2016 — Cowin Capital, Timesbole Venture Capital, Readysun Investment Group, Qin Tao Capital

## Investors

- Cowin Capital (https://capitalatlas.ai/funds/cowin-capital) — Series A
- Timesbole Venture Capital (https://capitalatlas.ai/funds/timesbole-venture-capital) — Series A
- Readysun Investment Group (https://capitalatlas.ai/funds/readysun-investment-group) — Series A
- Qin Tao Capital (https://capitalatlas.ai/funds/qin-tao-capital) — Series A
- Green Pine Capital Partners (https://capitalatlas.ai/funds/green-pine-capital-partners) — Series B
- Shenzhen Guozhong Venture Capital (https://capitalatlas.ai/funds/shenzhen-guozhong-venture-capital) — Series C
- Grandway Capital (https://capitalatlas.ai/funds/grandway-capital) — Series D
- Shenzhen Hui Capital (https://capitalatlas.ai/funds/shenzhen-hui-capital) — Series D
- Navitas Capital — Series D