Core Viewpoint - The article highlights the recent B-round financing of Xinchuan New Materials, focusing on its advancements in the field of polyolefin elastomers and the establishment of significant production capabilities in this sector [1][2]. Group 1: Company Developments - Xinchuan New Materials has completed a B-round financing of several hundred million yuan, led by Quzhou Industrial Investment, with participation from existing shareholders and other investors [1]. - The company specializes in the high-performance, functionalization, and industrialization of polyolefin elastomers, having invented new materials such as polyethylene rubber and multi-block branched polyethylene [2]. - In November 2023, Xinchuan New Materials and Chuanhua Chemical established the world's first thousand-ton pilot plant for hyperbranched polyolefin elastomers, achieving continuous stable operation [3]. - The company is set to begin construction of a 30,000-ton annual production facility for hyperbranched polyolefin elastomers in Longyou, Zhejiang, in November 2024, utilizing a self-developed cost-effective catalyst [3]. Group 2: Market Applications and Projects - The new production process offers advantages such as low investment, low cost, and low energy consumption, with flexible product switching capabilities, and has received recognition from leading downstream users [3]. - The applications of the new materials include photovoltaic adhesive films, toughening modifications, foaming, electrical cables, waterproof membranes, and hot melt adhesives [3]. - In December 2024, the company won a bid for a 100,000-ton/year polyolefin elastomer integrated project with Shaanxi Yunen Chemical New Materials Co., Ltd., with a formal signing in the following month [4]. - In February 2025, a signing ceremony was held for a catalyst project for hyperbranched polyolefin elastomers, and in June 2025, a project for a high-end polyolefin elastomer catalyst and intermediate R&D base was initiated in Shaoxing, Zhejiang [5].