Three investments and a $2 billion raise!
In March 2026, the signing activity of Jiangsu Xinhan High Performance Resin and Composite Material Integration Project was held. Yan Liuxin, the chairman of Jiangsu Xinhan New Material Co., Ltd. said in the signing activity that continuous investment in Jiangbei New Area is the recognition of the enterprise's development prospect of the new area, and it is the strategic choice of ploughing into the northern part of the area for long-term win-win situation.
(hereinafter referred to as: Xinhan New Material) is not only a company's continuous increase in the new area, but also a two-way journey of "patience" and "confidence", "determination" and "perseverance", but also an enterprise's continuous increase in the new area. It is a bidirectional run to "patience" and "confidence", "determination" and "perseverance".
01 The first thing you need to do in business is to remain patient
Yan Liuxin started his business in the 1990s and founded Xinhan New Materials in 2008, which is located in Nanjing Jiangbei New Materials Science and Technology Park. In that period of change when the domestic chemical industry was transforming from crude production to high-end and refinement, Xinhan New Material aimed at a niche track in the chemical field - "Aromatic ketones".
"It's a widely used product family, but at that time, our domestic companies were just starting out, and there was a huge gap and gap in the industry. But with the constant changes in the market and the rapid rise of the downstream high-end application market, I think this is just the perfect time for us to take advantage of this time to fill the gap." Yan Liuxin said.
Aromatic ketone products have a wide range of applications, flavors and fragrances and cosmetics, special engineering plastics, pharmaceutical and pesticide intermediates have applications. Such a wide range of products must bring some enterprises to chase low cost and high profit, which makes it difficult to do fine work. Instead of blindly chasing the market wind, Xinhan New Material chooses to "die hard" in the segment of aromatic ketones. After continuous breakthroughs, Xinhan New Material has overcome the technical barriers of core products such as DFBP (Difluorobenzophenone) and HAP (Hydroxyacetophenone), and prospectively laid out the PEEK industry chain, which has laid the groundwork for the subsequent rapid development.
"Specialize and compete in the wrong place" is the positioning and concept of Xinhan New Material, and it is the goal of the enterprise to realize the substitution of localization of high-end products. Maintaining patience, continuous deep plowing and overcoming bottlenecks are the key paths for Xinhan New Material to grow from an industry follower to a leader.
"It is one aspect of the business to remain patient, and also giving us patience is Jiangbei, which I have always considered to be a blessing for me." Yan Liuxin said.
From a start-up enterprise, to the national level specialties and new "small giants" enterprises, is by no means an overnight success, the need is "ten years to sharpen a sword" strategic determination. This kind of determination is reflected in the policy support that is not in a hurry, in the full respect for the technological research cycle of the enterprise, and even more in the face of market fluctuations in the firm support given.
Whenever talking about the relationship between the enterprise and the new district and park, Yan Liuxin will say that it provides a stable and predictable growth environment for the enterprise with long-lasting companionship and precise services.
02 We have confidence in the development, the new district has more confidence in us
If patience is the cornerstone, then confidence is the gas pedal. Xinhan New Material has responded to patience and consolidated confidence with "three times investment and continuous increase".
"The construction of high-performance resin and composite materials integration project is our third major investment in the new area." Yan Liuxin said, "And the first two investment and cooperation with Jiangbei is always centered on the enterprise's main business upgrade and industrial layout. In this process, whether it is approval, or financing, Jiangbei has given great support."
The first investment was to lay out a large-scale production base for fine chemical products, realizing the rapid release of production capacity for DFBP, HAP and other products; the second investment was to focus on product technology iteration and high-end capacity expansion to further optimize the process, improve the products and deepen the cooperation with global customers.
Enterprises have confidence in the development prospects, the new district can only convey the confidence of development to more people.
"The successful landing of the first two cooperation, so that we really feel the quality of the business environment here, confidence can not be separated from the perfect industrial support and efficient government services." Yan Liuxin said, "And Jiangbei New Area has one of the strongest specialized chemical industrial parks in the country, where a large number of specialized fields of industry, scientific research, human resources, whether it is industrial positioning, policy support, or working atmosphere, are highly compatible with our business development."
03 Don't follow the crowd, but resolve to do better for yourself
Of course, as the first enterprise in China to realize large-scale mass production of DFBP, and also the enterprise that now occupies the largest market share of DFBP in the world, the success of Xinhan New Material comes from a kind of far-sighted determination.
Since entering the field of fine chemicals, Xinhan New Material "does not follow the wind, do their own", unswervingly and resolutely in the "engineering plastics pyramid tip of the product" - PEEK to overcome the difficulties.
The chemical name of PEEK is polyether ether ketone, which is a kind of special polymer material.As a high-end engineering plastics, PEEK is 8 times stronger than aluminum alloy, and the density is about 1/3 of aluminum alloy, which is a hard and lightweight material, and is enough to replace metal, alloy, and ceramics in most cases. It is gradually being used on a large scale in humanoid robots, new energy vehicles, aerospace, gears, 3D printing, medical and other fields.
"Since we have made up our mind to take the route of refinement, we have to do what has a high technological threshold and what others can't do. So that no matter how the external world changes, we have enough backbone." Yan Liuxin's determination there is no "almost", only "optimal solution".
The main upstream raw material of Xinhan New Material is DFBP, every ton of PEEK needs 0.75 tons of DFBP, and in the world except for Victrex (an important producer of PEEK), which has part of its own production capacity, and a small capacity in India, the world's largest DFBP producer is Xinhan New Material, which has become a class A supplier of the world's three largest PEEK producers, namely Victrex (UK), Solvay (Belgium), and Evonik (Germany). It has become a class A supplier of the world's top three PEEK producers: Victrex (UK), Solvay (Belgium) and Evonik (Germany).
On the other hand, in the field of cosmetics, the world's largest producer of HAP, an important raw material, is also Xinhan New Material, and provides products for internationally renowned cosmetic raw material manufacturers. In other words, as long as you buy a bottle of cosmetics labeled with HAP, nine times out of ten, it is a product of Xinhan New Material.
04 Persistently, I believe we can win with the new district in the long run
Instead of looking around for a phoenix, we should raise our young birds to become eagles. Consistency is the only way to achieve a long-term win-win situation.
Thinking of the company just started, Xinhan New Materials and Jilin University for cooperation, joint research process, materials. Yan Liuxin and the team went to Jilin University again and again, perseverance, to maintain the technology, the product "freshness", must be made to do what you want to do.
The new area also upholds the perseverance. 18 years, Jiangbei has always paid attention to and supported the development of Xinhan New Material, and continued to cultivate and support the enterprise for a long time. This kind of "city patience" has brought about the "investment perseverance" of the enterprise.
In the next 3-5 years, with the booming development of humanoid robots, new energy vehicles, and medical and healthcare fields, the market size of PEEK is growing exponentially, and the new material of lightweight, high strength, and high temperature resistance will lead the next generation of material and process changes.
"So we decided, at this time, to invest in the new area for the third time to promote the whole industry chain integration project." Yan Liuxin is confident about the project, "In the future, we will also make the construction of a zero-carbon factory a corporate development goal. I believe we will eventually build China's own high-end PEEK brand, so that everyone will recognize the innovative power of China's new chemical materials."
Yan Liuxin said he believes that after the completion of the integration project, it will attract PEEK downstream composite material processing, high-end medical devices, humanoid robot parts and other enterprises to gather, but also drive the synergistic development of fine chemical intermediates, special auxiliaries, logistics and warehousing and other supporting industries. He looks forward to the future in the new district to form the upstream raw material production, midstream resin synthesis, downstream application processing complete industrial ecology.
Yan Liuxin and Xinhan New Material, like a persistent "gardener", have been cultivating the soil of this segment of aromatic ketones, and finally produced fruitful results. Jiangbei New Area is the silent "forest caretaker", guarding the forest of innovation with a quality business environment.
Yan Liuxin believes that this common journey of Xinhan New Material and Jiangbei New Area for the same goal will bear more fruitful fruits and insert a pair of harder and lighter wings for the take-off of Made-in-China together.
