Zhongyuan Advanced Materials Completes C-Round Financing for Expansion in High-End Metal 3D Printing Powders

Zhongyuan Advanced Materials was established in 2018 and focuses on the global market for high-end metal powders used in 3D printing. As a national high-tech enterprise dedicated to metal material innovation, the company currently offers products such as high-temperature alloy powders, aluminum alloy powders, mold steel powders, and titanium alloy powders, which are widely used in aerospace, automotive manufacturing, and mold-making applications. In 2023, the company was recognized as a "Specialized, Refined, Unique, and Innovative"  enterprise in Zhejiang Province and has established close partnerships with research institutes such as the Chinese Academy of Sciences, Zhejiang University, Shanghai Jiao Tong University, Harbin Institute of Technology, and Shanghai University. The proceeds from this round of financing will primarily be used for product development and production line expansion.

Established in June 2020, the Shenzhen Venture Capital Manufacturing Transformation and Upgrade New Materials Fund has a total scale of 27.5 billion RMB. It was jointly initiated by the National Manufacturing Transformation and Upgrade Fund Corporation, Shenzhen Guidance Fund Investment Co., Ltd., Shenzhen Kunpeng Equity Investment Co., Ltd., Shenzhen Luohu Guidance Fund Investment Co., Ltd., Shenzhen Innovation Investment Group Co., Ltd., and Shenzhen Venture Capital Red Soil Private Equity Investment Fund Management Co., Ltd. The fund primarily invests in the field of new materials, focusing on inorganic non-metallic and cutting-edge new materials. It adopts a comprehensive investment strategy combining financial and strategic investments, actively seeking investment opportunities in the new materials sector across the country, aiming to promote the transformation and upgrade of China's manufacturing industry and high-quality development.

Founded in December 2018, the National Military-Civil Fusion Industry Investment Fund Co., Ltd. was approved by the State Council and jointly initiated by the Ministry of Finance and the State Administration of Science, Technology, and Industry for National Defense. The fund has a total scale of 150 billion RMB, implemented in three phases, with the first phase receiving contributions from 30 entities totaling over 50 billion RMB, including 8 billion RMB from the Ministry of Finance. Huahua Fund Management Co., Ltd., the fund manager, was jointly established by AVIC Capital, CETC Investment, CNNC Capital, and CSSC Investment, among others. The fund focuses on investing in key national areas such as the ocean, space, and cyberspace, promoting the development of industries related to nuclear, aerospace, aviation, high-tech ships and marine engineering, security defense, electronics, power, new materials, and new energy. It also supports high-tech civilian enterprises and private companies in participating in weapons and equipment research, production, and maintenance, as well as military research institute reform, mixed ownership reform in the military industry, and professional mergers and acquisitions.