Zhejiang venture capital investment company Xinhengtai successfully landed on the Beijing Stock Exchange

On March 20th, Zhejiang Xinhengtai New Materials Co., Ltd. (referred to as "Xinhengtai"), a Zhejiang venture capital investment enterprise, successfully listed on the Beijing Stock Exchange with the stock code 920028. It publicly issued 41.09 million shares at a price of 9.40 yuan per share, becoming the 300th listed company on the Beijing Stock Exchange. Cheng Junhua, General Manager of Zhejiang Venture Capital, was invited to attend the listing ceremony and deliver a speech as a representative of the institution. This is not only a recognition of the growth value of New Hengtai, but also a strong proof of Zhejiang Venture Capital's excellent investment vision and deep post investment empowerment.

Xinhengtai is a national level specialized and innovative "little giant" and one of the first batch of Zhejiang Province manufacturing industry single champions. It has been deeply involved in functional polymer foam materials for more than ten years and ranks among the top in the fields of new energy battery buffering and 5G communication foam materials. The domestic market share of polypropylene microcellular foam materials (MPP) is as high as 48%, and it has been the top producer and seller in the country for three consecutive years. With multi category collaboration, high-end customer certification barriers, and core technological advantages, we deeply bind with leading enterprises such as CATL, Huawei, and BYD, becoming an indispensable core material supplier in the new energy and communication industry chain, and firmly establishing our leading position in the industry.

In 2023, Zhejiang Venture Capital strategically invested in New Hengtai, adhering to the investment philosophy of "three parts investment, seven parts service" and empowering it throughout the entire process. Guide strategic optimization, promote the expansion of research and development investment, focus on core businesses and explore new ones, and break technological monopolies with independent patents; Support overseas layout and integrate industry resources such as leading battery companies to connect the top supply chain; Adjust the listing strategy, introduce professional guidance, and help New Hengtai successfully enter the capital market.

Xinhengtai is the first enterprise to land on the Beijing Stock Exchange after Zhejiang Venture Capital upgraded its management, which is a vivid practice of the platform's level leap. In recent years, Zhejiang Venture Capital has accelerated the construction of a "high-energy level science and technology innovation investment platform", optimized investment structure, iterated investment strategies, practiced "high-quality investment" and "long termism", extended investment tentacles to earlier, smaller, and more cutting-edge, driven by the dual wheels of "capital+service", accompanying invested enterprises to achieve "micro growth, small rise, high growth, and large strength".

As an investor, Zhejiang Venture Capital has always believed that the value of capital lies not only in 'investment', but also in 'companionship'. From firmly leading the investment to escorting the listing, we are not only financial supporters, but also strategic collaborators, "said Cheng Junhua in his speech at the listing ceremony. In the future, Zhejiang Venture Capital will continue to focus on long-term capital, patient capital, and strategic capital. With more stable capital support and in-depth professional services in the long-term development opportunities of strategic emerging industries, we will work with high-quality enterprises to move forward and climb higher, injecting sustained and stable venture capital into the high-quality development of Zhejiang.