Suzhou Xiecheng Hardware Products closes RMB50m Series A round

Suzhou Xiecheng Hardware Products has recently completed a 50 million yuan Series A round of financing, and the company’s post-investment valuation reached 360 million yuan. Investors in this round include institutions such as Suzhou Xiangcheng Financial Holdings, SIDVC and Zhidao Capital.

Suzhou Xiecheng Hardware Products has recently completed a 50 million yuan Series A round of financing, and the company’s post-investment valuation reached 360 million yuan. Investors in this round include institutions such as Suzhou Xiangcheng Financial Holdings, SIDVC and Zhidao Capital.

Xiecheng Hardware is located in Xiangcheng District, Suzhou. It is mainly involved in the R&D, production and sales of 5G ceramic dielectric filters. It has obtained ZTE’s Class A supplier qualification and has realized batch supply to downstream clients.

The company has been developing 5G ceramic filter projects since 2017. Currently, it has mastered the entire process technology and process from powder manufacturing, structural design to automatic debugging, etc., and has obtained 31 patents. The company is one of the few Chinese manufacturers that can independently develop and produce ceramic dielectric filters.

Lu Zhidong, chairman of Xiangcheng Financial Holdings, the lead investor for this round, said: “Xiecheng Hardware has a relatively strong competitive advantage in the research and development level and mass production capacity of ceramic filters. We expect that through this investment, we will help the company to excel in this segmented industry.”

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/21/suzhou-xiecheng-hardware-products-closes-rmb50m-series-a-round/.

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