Cumulative financing of 650 million yuan, Huaying Technology and Xinyi Huazhi received capital support

Recently, there have been frequent reports of capital developments in the display industry, and the financing popularity of industry chain companies has increased. Panel manufacturer Huaying Technology and display equipment manufacturer Hefei Xinyi Huazhi have successively disclosed their financing progress. The two companies have received a cumulative capital injection of more than 650 million yuan through financial leasing, B+ round investment, etc. The details are as follows:

Huaying Technology: A subsidiary received 350 million yuan through financial leasing

On June 2, Huaying Technology announced that its wholly-owned holding company Huajiacai and Xinxin Financial Leasing (Xiamen) Co., Ltd. (hereinafter referred to as "Xinxin Leasing") carried out financial leasing business and signed a "sale-back lease contract" with a contract amount of RMB 350 million and a lease period of 3 years (36 months). Recently, Huajiacai received the above-mentioned related financing prices.

According to data, Huajiacai is mainly responsible for the display panel business of Huaying Technology. Huajiacai has a metal oxide thin film transistor liquid crystal display device (IGZO TFT-LCD) production line with a production capacity of 30,000 large LCD panels per month. It mainly produces small and medium-sized display panels. The products are mainly used in industrial control screens, notebook computers, tablets, smartphones, POS machines and vehicle-mounted displays.
Huaying Technology stated that the development of this financial leasing business can further meet Huajicai’s capital needs. This transaction will not affect Huajiacai's normal use of relevant equipment, and will not have a significant adverse impact on Huajiacai's production and operations.

It is worth noting that this is the third cooperation between the two parties: in July 2022 and May 2024, Huajiacai has obtained financing of 225 million yuan and 400 million yuan respectively through leasing, with the cumulative financing amount reaching 975 million yuan.

Xinyi Huazhi: Received more than 300 million yuan in Series B+ investment

In addition, on June 3, display equipment manufacturer Hefei Xinyihua Intelligent Machine Co., Ltd. (hereinafter referred to as "Xinyi Huazhi") announced that the company had received more than 300 million yuan in Series B+ investment.

Xinyi Huazhi said that the company focuses on the field of pan-semiconductor high-end equipment, and its business covers strategic emerging industries such as display panels, integrated circuits, and next-generation perovskite photovoltaic cells.

According to reports, in the field of display panel equipment, Xinyi Huazhi has clean automation equipment, clean handling robots, and has developed mass production Mini/Micro LED mass transfer equipment and electrical testing equipment;
In the field of vacuum evaporation equipment, Xinyi Huazhi has successfully delivered multiple G1/G2.5 display evaporation equipment and evaporation sources and other core components to well-known customers in the industry. At the same time, it is developing high-generation line display evaporation equipment and has made progress.

Financing surge in the display industry in 2025

Entering 2025, financing events have occurred one after another in the panel display industry. On May 21, Wenxin Technology announced that the company had completed a B+ round of financing of nearly RMB 100 million. The company is mainly engaged in the R&D and manufacturing of photosensitive organic materials. Its products are mainly used in new displays, advanced semiconductor packaging and other fields. The PI photosensitive alignment films, PS photosensitive isolation columns and NOC room-temperature organic films it produces can be used in LCD panel manufacturing.

At the end of April, Flat completed tens of millions of yuan in Pre-A round financing. The company focuses on the R&D, production and sales of pan-semiconductor equipment, and its business covers LCD, AMOLED, Micro LED/OLED and other fields. ?On March 17, Xiahe Technology received tens of millions of yuan in investment. The company focuses on the research and development, production and sales of OLED organic light-emitting materials. Its products cover core categories such as luminescent doping materials (GD, RD, PD) and luminescent host materials (RH, GH). Its application areas cover smartphones, computers, TVs, wearable devices, and vehicle-mounted displays.

On February 17, Shangsai Optoelectronics completed a new round of financing. The company is engaged in the research and development, production, and sales of new OLED materials. Its products mainly include fluorescent materials and phosphorescent materials covering the upstream areas of the OLED industry chain. It is also engaged in the production, sales of OLED intermediate materials, and customized services for organic materials.

On February 6, Metaways (Hongxi Technology) announced the successful completion of Series A financing of nearly 500 million yuan. The company focuses on the R&D, design and manufacturing of silicon-based Micro OLED micro display devices and modules, and has built a 12-inch silicon-based Micro OLED production line.

Conclusion

Judging from the financing dynamics, capital is currently accelerating its accumulation in the upstream materials and equipment links of the display industry chain.

Compared with the asset-heavy nature and cyclical fluctuation risks of midstream panel manufacturing, upstream materials and equipment have higher technical barriers and added value, and are key areas for domestic substitution. Capital promotes the upgrading of the domestic display industry by supporting enterprises in related fields. (