Core Insights - Anhui Hechen New Materials Co., Ltd. has completed over 100 million RMB Series B financing, led by Guotai Junan Innovation Investment and CRRC Guochuang Fund, with participation from Jinyuan Capital and Paiwei Investment [1] - The funds will primarily be used for expanding production capacity of 8.6 generation blank mask substrates and advanced semiconductor polishing pads, as well as increasing R&D investments with strategic customers [1] Company Overview - Hechen New Materials was established in 2016 and specializes in quartz glass polishing technology and self-manufacturing of upstream polishing materials [1] - The company’s main products include blank mask materials for semiconductor displays, advanced process polishing pads, and optical polishing pads [1] - Hechen New Materials serves several leading domestic clients, including TCL Zhonghuan, Lens Technology, Changxin Technology, Wogang Optoelectronics, Qingyi Optoelectronics, and Luvi Optoelectronics [1] Leadership - The actual controller of Hechen New Materials is Li Jiahai, who holds a total shareholding ratio of 47.3% and a voting power of 50.62% [1] - Li Jiahai serves as the chairman and general manager of the company [1][2]

Core Viewpoint - Anhui Hechen New Materials Co., Ltd. has successfully completed over 100 million yuan in Series B financing, indicating strong investor confidence and growth potential in the semiconductor materials sector [1] Group 1: Financing Details - The financing round was led by Guotai Junan Innovation Investment and CRRC Guochuang Fund, with participation from industry players such as Jinyuan Capital and Paiwei Investment [1] - The funds raised will primarily be used for expanding the production capacity of 8.6 generation blank mask plates and advanced polishing pads for semiconductors [1] Group 2: Strategic Focus - The company plans to increase investment in research and development to support strategic customers, aiming to meet growing market demand [1]