Tongchuang Purun New Materials

A significant project for the company is its ultra-high purity tantalum plant in Lishui, Zhejiang province, which commenced operations in November 2021. Tantalum is a strategic resource used as a key material in the manufacturing of large-scale integrated circuits. This facility features six large electron beam furnaces and is designed for an annual output of 400 tons of ultra-high purity tantalum, positioning it as a major global producer of this material. One of the major shareholders is Yao Lijun. The company's business also extends to ultra-high performance concrete (UHPC) and glass fiber reinforced concrete (GFRC) for decorative applications.

The company serves industries that require advanced materials, including semiconductors, aerospace, and medical devices. Its business model appears to be focused on research and development, manufacturing, and the direct sale of these specialized materials. The development of the new materials industry is a strategic focus in China's "14th Five-Year Plan," creating a supportive environment for companies like Tongchuang Purun. Investors in the company include Lingang Technology Innovation Center, Shanghai Daohe Long Term Investment Management, China Structural Reform Fund, and CRRC Yongji Electric, among others.