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Hangzhou Xinchuan New Material

MaterialsHangzhou, ChinaFounded 2019· One of 955 Materials companies tracked by AMPulse

Leading producer of spherical nickel and copper powders for metal additive manufacturing, photovoltaic, and electronics applications.

CEO / Founder
Xie Shangchuan
Team Size
51-200
Stage
Active
Total Funding
$34.3M
Latest Round
Pre-IPO
Key Investors
Legend Capital; Zheshang Venture Capital; Inabata; Fuzhe Technology; Zhejiang Communications Investment; Hangzhou Urban Construction Investment; Lenovo Capital; ZSCO; Shenzhen Xinghe Capital; Shenzhen SME Credit Financing Guarantee Group; Shanghai Xintongquan; Painuo Capital

Technology & Products

Key Products

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.

Industry Verticals

AI; Photovoltaic; Additive Manufacturing; Electronics

Competitors

Bocian New Materials; Shoei Chemical; CNPC Powder

Growth & Milestones

Growth Metrics

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

https://www.sinchinnano.com

Why this company matters

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.