Another electromagnetic shielding material, magnetic core, and functional film enterprise has completed tens of millions of yuan in Series A financing, including Huawei, Xiaomi vivo、OPPO、 Samsung's suppliers

On December 27th, Yuneng Technology announced the completion of tens of millions of yuan in Series A financing. This round of financing is led by Delian Capital, with Shenzhen Guarantee Group, old shareholder Qingsong Fund, and BAIC Property Investment as co investors, and Yunmu Capital serving as the exclusive financial advisor. This round of financing will mainly be used for capacity expansion of commercialized product lines, iterative development of new products, and continuous research and development investment in core technology platforms.

Yuneng Technology is a technology-based company specializing in metal and adhesive composite new materials. Currently, it has established three commercial product lines including electromagnetic shielding materials, magnetic cores, and functional adhesive films. Its application areas focus on consumer electronics, new energy vehicles, and photovoltaics, and is committed to creating a comprehensive platform for the production and research of new functional materials.

In the field of electromagnetic shielding materials, Yuneng Technology continues to launch differentiated product solutions that lead the market for multiple segmented applications such as wireless charging, helping customers continuously improve product performance at the module end and solve increasingly complex EMC problems. At present, it has become the main supplier of electromagnetic shielding materials for consumer electronics brands such as Huawei, Xiaomi, and Samsung.

Based on continuous research and development of the underlying core technology of soft magnetic materials, Yuneng Technology has successfully launched a high-performance magnetic core product line, which has achieved industry-leading performance in key indicators such as saturation flux performance, high-frequency impedance characteristics, and frequency response characteristics. It has achieved domestic substitution for international soft magnetic material giants VAC and Hitachi metal products, and has successively entered the supply chain of new energy vehicles such as BMW, SAIC, and BAIC.

In addition to continuous product iteration in the field of magnetic materials, Yuneng Technology has developed a conductive product line based on the technology platform of "metal and adhesive". Yuneng Technology's YC-60 series thermosetting conductive adhesive has excellent conductivity, bonding strength, and high temperature resistance, successfully achieving domestic substitution for two almost monopolized overseas products, Tuo Zida and Dongyang. Currently, it has entered the core supply chain of multiple consumer electronics terminal and module factories.

The three commercialized product lines of the company currently have potential market space of over billions, and the product field is extending from the consumer electronics industry to the new energy vehicle and photovoltaic markets. The company will also collaborate with customers to explore more new material application scenarios and expand greater development space.

Zeng Zhichao, General Manager of Yuneng Technology, said, "This round of financing has received support from well-known institutions including Delian Capital, Shenzhen Guarantee Group, and old shareholders Qingsong Fund, BAIC Industrial Investment, etc., which proves that institutional investors have stronger confidence in the continuous market growth and import substitution of new functional materials. The funds raised in this round of financing will be used for rapid capacity expansion of commercialized product lines, increase investment in research and development of basic materials at a deeper level, continue to launch differentiated products leading the market, and continue to create value for customers

Wu Lingfei, Vice President of Delian Capital, said, "With the promotion of China's' dual carbon 'strategy, the trend of new energy is becoming increasingly clear, and incremental applications of power conversion and electromagnetic compatibility are constantly emerging, driving the continuous expansion of the soft magnetic materials market. Benefiting from the increasing penetration rate of high power density and low energy loss applications such as new energy vehicles and consumer electronics wireless charging, nanocrystals have gradually become an important category of soft magnetic materials. Yuneng Technology has a sound foundation in research and application development capabilities in the fields of nanocrystalline soft magnetic and functional polymer materials, and its precise grasp of emerging application needs, rapid product development, and practical business landing capabilities are remarkable. Thanks to its profound technological reserves and keen market sense, the company has maintained high-speed growth in the past three years and has grown into a platform based new material enterprise based on soft magnetic and functional polymer materials. It competes with international material companies such as VAC from Germany and Hitachi from Japan in the global market