August 12, 2024 – Jiangsu Junhua Special Polymer Materials Co., Ltd. (hereinafter referred to as Junhua) recently held a successful equity financing signing ceremony in Jining, Shandong Province. The financing round, led by Yinan Capital and co-participated by Guoqian Capital and Changzhou Junhe Zhiyuan, raised tens of millions of yuan. This capital injection will primarily fund the development of new products and the construction of a new base.
Since its establishment in 2007, Junhua has been dedicated to the applied research and production of high-performance special engineering plastic profiles and products such as PEEK and PI. After nearly two decades of dedicated effort, the company has emerged as a leading domestic manufacturer of PEEK profiles and processed products, accumulating rich experience in PEEK product application development and building a vast customer base.
PEEK (polyetheretherketone), known as the “king of plastics,” stands out for its high strength, high-temperature resistance, wear resistance, corrosion resistance, impact resistance, low noise, and excellent biocompatibility. This material exhibits remarkable comprehensive performance among global thermoplastic materials and finds applications in various sectors like automotive, electronic information, industrial and energy, medical, aerospace, and more. Moreover, it provides crucial material solutions for strategic emerging industries such as new energy vehicles, domestically produced commercial aircraft, and humanoid robots, indicating a vast market potential.
In recent years, Junhua has achieved industrial technology breakthroughs in PEEK resin polymerization, becoming the only enterprise in the domestic PEEK industry to realize the entire industry chain layout. Additionally, the company has made significant achievements in developing new products such as medical implantable PEEK resin, CF/PEEK composite materials, and PEEK flat wires, solidifying its leading position in the industry.
The lead investor, Yinan Capital, was jointly initiated by the Chemical Industry Business Department of Sinochem Holdings (formerly Sinochem Group), the industry-leading private listed company Wison Engineering, Shanxi Yaxin Group, and a team shareholding platform. Focusing on the integration of industry and finance in areas like new materials, new energy, life sciences, green environmental protection, and smart manufacturing, this investment is expected to further propel Junhua’s growth in the field of new materials and special engineering plastics.