Ultra-fine spherical nickel powder, copper powder, and other new materials for electrode materials of multilayer ceramic capacitors (MLCC) and ultra-fine soft magnetic powder for AI.
Technological Advantage
Strategic focus on high-growth verticals (AI and Photovoltaics) within the Chinese domestic supply chain for advanced materials.
Differentiation
Value Proposition
Ultra-pure AM powder production for high-performance industrial applications
How They Differentiate
Focuses on high-purity spherical metal powders specifically for AI and photovoltaic fields, distinguishing it from general industrial powder suppliers.
Market & Competition
Target Customers
Industrial manufacturers in the AI, photovoltaic, and additive manufacturing sectors.
Production capacity projected to reach 4,000 tons in 2026 and 6,000 tons in 2027; Revenue growth exceeding 50% YoY; Completed shareholding reform in July 2025; Plans to go public in 2028
Major Milestones
Founded in 2017; Reported 'important progress' in product development and market reach as of 2024/2025
Notable Customers
Leading AI chip manufacturers (for AI server inductors); Mainstream global inductor manufacturers; Japanese and South Korean MLCC manufacturers
Hangzhou Xinchuan New Material Co., Ltd. produces ultra-pure spherical nickel and copper powders for metal additive manufacturing, photovoltaics, and electronics. Its focus on spherical morphology — critical for powder flowability and packing density in LPBF and binder jetting — differentiates it from general industrial powder suppliers that serve lower-performance applications.
The company's core technology is atomization equipment for metal powder production, supported by patents covering high-purity spherical nickel powder preparation and high-dispersion nano-metal powder methods. Its product line includes ultra-fine spherical nickel and copper powders used as electrode materials for multilayer ceramic capacitors (MLCC) and ultra-fine soft magnetic powders for AI server inductors.
Target customers include leading AI chip manufacturers, mainstream global inductor producers, and Japanese and South Korean MLCC makers. A strategic partnership with Inabata supports access to Japan and Korea markets, while a collaboration with Lenovo covers supply chain and intelligent production. Research ties with Central South University advance nano-materials development.
Production capacity is projected to reach 4,000 tons in 2026 and 6,000 tons in 2027, with revenue growing over 50% year-over-year. The company completed shareholding reform in July 2025 and plans an IPO in 2028. Backed by investors including Legend Capital, Zheshang Venture Capital, and Lenovo Capital, Hangzhou Xinchuan occupies an emerging niche within China's domestic advanced materials supply chain. Its competitive risk lies in scaling purity and consistency to match established Japanese and Korean powder producers.