加速功能复合薄膜国产替代，这家清华系新材料公司完成数千万天使轮融资

Core Insights - Qingrong Technology, a developer of functional composite film materials, has recently completed a multi-million yuan angel round financing led by Zhongke Chuangxing, with participation from other investors [1][4] - The company aims to expand its production lines and develop core equipment for high-frequency communication, new energy, and AI server markets [1][4] Company Overview - Established in September 2024 by a team from Tsinghua University, Qingrong Technology focuses on the research and production of high-frequency copper-clad laminates and high-temperature, high-energy storage capacitor films [1][3] - The company targets applications in 5G communication, electric vehicles, AI servers, and millimeter-wave radar, aiming to break the monopoly of companies like Rogers in the high-end materials market [1][3] Product Development - Qingrong Technology's high-frequency copper-clad laminates have a dielectric loss as low as 0.001, matching international top products, and offer high batch stability and cost advantages [1][3] - The capacitor film has an energy density of 5 J/cm³ and can withstand temperatures up to 150°C, with a size reduction of 30%-50% compared to traditional products [1][3] Market Potential - The global functional film market is projected to reach 387.85 billion yuan in 2024 and 411.78 billion yuan by 2030, while the high-frequency copper-clad laminate market is expected to exceed 44 billion yuan by 2028 [3] - Domestic manufacturers have long relied on imports due to outdated processes and unstable performance, creating a strong demand for domestic alternatives [3] Technological Advancements - The company's breakthroughs stem from over 20 years of research by Tsinghua University, addressing challenges in composite material dispersion and interface optimization [3][6] - Qingrong Technology's high-frequency copper-clad laminates utilize PTFE-based composite modification technology, with a dielectric constant adjustable between 1.8 and 10.7, suitable for millimeter-wave radar applications [3][6] Market Engagement - The high-frequency copper-clad laminates have been sent for validation to millimeter-wave radar manufacturers and PCB companies, with plans to complete production line debugging and deliver the first orders by 2026 [4][6] - The capacitor film products are undergoing reliability testing with clients in photovoltaic inverters and smart grids, expected to enter mass production by 2026 [4][6] Industry Challenges - The industry faces challenges related to process complexity and customer willingness to switch to domestic materials, although the demand for cost reduction in supply chains is driving interest [6] - Qingrong Technology plans to develop low-dielectric films for high-speed soft boards and expand into new markets for AI server materials while pursuing overseas opportunities [6] Investor Perspective - Zhongke Chuangxing, the lead investor, recognizes Qingrong Technology's comprehensive autonomous capabilities in the field of functional composite dielectric film materials, highlighting the global competitiveness of its core products [7] - The investor anticipates long-term rapid growth in the functional composite film materials market, driven by advancements in artificial intelligence and future mobility industries [7]