Micro LED-related company Puzhao Materials completed over 700 million yuan in financing

Hunan Puzhao Information Materials Co., Ltd. (hereinafter referred to as "Puzhao Materials") official website news, the company has completed 740 million yuan in Series B financing. This is the company's second round of financing within one year after completing a 560 million yuan Series A financing in early 2024, with the total financing amount reaching 1.3 billion yuan.

The actual controller of this round of financing, Hunan Energy Group, and the old shareholder Shenzhen Venture Capital Manufacturing Transformation and Upgrading New Materials Fund continued to make additional investments, and introduced new investors such as Comprehensive Reform Experiment (Shenzhen) Equity Investment Fund, Jiangfeng Electronics, Xingxiang Capital, and Xiangjiang State Investment. The financing funds will be mainly used for the construction of the second phase of the semiconductor mask substrate project, and all funds are currently in place.

Hunan Puzhao Information Materials Co., Ltd. was established in August 2003 and is located in Xiangjiang New District, Changsha, Hunan. The company has built multiple sputtering uniform chrome plate production lines, with production specifications ranging from 75×75mm to 700×800mm. Products are widely used in flat panel display devices, integrated circuits, fine optics, circuit boards, micro-nano processing, laser anti-counterfeiting and other fields.

In June 2024, Puzhao Materials signed a contract with the Hunan Xiangjiang New District Management Committee to settle the high-precision mask substrate project in Xiangjiang New District. 202On December 26, 2019, the company's 8.6-generation and below high-precision mask substrate project industrial park officially started construction.

The total investment of the project is 1.8 billion yuan, which is divided into two phases of construction. The first phase investment is 800 million yuan to build a high-precision mask substrate production line for flat panel displays of generation 8.6 and below. The products can meet the needs of various flat panel display mask substrates such as LTPS, LTPO, AMOLED, and Micro LED. It is planned to start production in December 2025.

The second phase of investment is 1 billion yuan to build a high-precision mask substrate production line for semiconductors to meet the needs of the 28nm process. The first phase is planned to be put into production in December 2025, and the second phase is planned to be put into production in 2026.