Suzhou Xingye Materials Technology
Develops and produces functional foundry materials including phenolic resins and nodularizing agents for traditional metal casting.
- CEO / Founder
- Wang Jinxing
- Team Size
- 501-1000
- Stage
- Active
- Total Funding
- $73.72M
- Latest Round
- IPO - $73.72M - December 2016
- Key Investors
- Public Shareholders; Wang Jinxing; Wang Haipeng
Technology & Products
Key Products
Nodularizing agents; Inoculants; Special phenolic resins; Foundry coatings; Covering agents
Technological Advantage
Established supplier of specialized phenolic resins and nodularizing agents for the equipment manufacturing sector.
Differentiation
Value Proposition
Provides high-performance chemical agents and coatings to optimize traditional metal casting and foundry processes.
How They Differentiate
Focus on high-tech functional materials for traditional foundry rather than generic chemicals.
Market & Competition
Target Customers
Foundries in automotive, engine, and machinery manufacturing sectors.
Industry Verticals
Automotive; Engine Manufacturing; Machinery; Semiconductors; Aviation
Competitors
Jinan Shengquan Group (SQ Group); KOCEL Group; Asahi Yukizai
Growth & Milestones
Growth Metrics
2023 Revenue of 1.51B CNY (~$210M); 2023 Net Profit of 65.4M CNY; 600+ employees; Publicly listed on Shanghai Stock Exchange since 2016
Major Milestones
Founded in 1996; Restructured from Suzhou Xingye Casting Materials Co., Ltd.; Publicly listed as a high-tech enterprise
Notable Customers
Weichai Power; FAW Group; Dongfeng Motor; Chery Automobile