Group 1 - The company Xingchuan New Materials has completed a Series B financing round of several hundred million yuan, led by Quzhou Industrial Investment, with participation from existing shareholders including CICC Capital and Zhejiang University Youchuang [1] - The main research areas of Xingchuan New Materials include the high-performance, functionalization, and industrialization of polyolefin elastomers, having invented new materials such as polyethylene rubber and multi-block branched polyethylene [1] - In November 2023, the company established the world's first kiloton-level pilot plant for hyperbranched polyolefin elastomers in collaboration with Chuanhua Chemical, achieving continuous stable operation [1] Group 2 - In November 2024, the company will commence construction of the world's first industrial plant with an annual production capacity of 30,000 tons of hyperbranched polyolefin elastomers in Longyou, Zhejiang [2] - The project utilizes a self-developed cost-effective catalyst to produce polyolefin elastomers from ethylene as the sole raw material, offering advantages such as low investment, low cost, and low energy consumption [1] - The company has received recognition from leading downstream users for multiple product grades, which can be widely applied in fields such as photovoltaic adhesive films, toughening modification, foaming, wire and cable, waterproof membranes, and hot melt adhesives [1]