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Sengong New Materials, an innovative local pioneer in the field of degradable water-soluble PVA films, has just announced the closing of its Pre-A Series funding round. This round received a joint investment of tens of millions of RMB from two well-known venture capital institutions, Nanshan SEI Investment and Hongfu Investment, with CV Capital serving as the long-term exclusive financial advisor. These investments reflect strong confidence in Sengong¡¯s next-generation material technologies¡¯ technical strengths, as well as the development potential of the sustainable materials track.

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Æä PVA ×ÊÁϾ߱¸È«ÉúÎï½µ½â¸öÐÔ£¬£¬£¬ÇÒ½µ½â¹ý³ÌÖв»²úÉú΢ËÜÁÏ£¬£¬£¬×îÖÕ·Ö»¯Îª¶þÑõ»¯Ì¼ºÍË®£¬£¬£¬´ÓÔ´Í·Ï÷¼õ»·¾³´«È¾£¬£¬£¬Í¬Ê±»¹¿Éͨ¹ý»ØÊÕʵÏÖ¶àÖÜÆÚÑ­»·ÀûÓ㬣¬£¬½áβ¸üÄÜÀûÓÃÓÚÅ©Òµ¼°Éú̬»·¾³ÐÞ¸´ÁìÓò£¬£¬£¬ÕæÕýʵÏÖÉ­¹¤Ìá³ö²¢¼ùÐеġ°Planet Value Added (PVA)¡±·¢Õ¹ÀíÄî¡£¡£¡£

As a leading functional PVA film manufacturer in China, Sengong New Materials has been deeply engaged in the field of biodegradable PVA water-soluble films for many years. With the integration of technology, material innovation and smart sustainable manufacturing, it has risen as a leading enterprise in the industry. The company has developed over 150 proprietary formulas, with product performance equivalent to top international brands. Its products are widely used in laundry detergent pods, dishwasher pods, sustainable eco-friendly packaging, and many other fields, driving the iterative upgrade of the packaging industry with benefits in economic advantages, accessibility, ease-of-use and innovation.

The PVA material nature possesses fully biodegradable characteristics, and ultimately decomposes into carbon dioxide and water, avoiding environmental pollution. It can also sustain multiple rounds of recycling, and its end-of-life applications can extend to agriculture and ecological environment restoration, supporting the "Planet Value Added (PVA)" concept trademarked by Sengong New Materials.

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In terms of manufacturing, key highlights of Sengong New Materials¡¯ low-carbon, sustainable factory include:  

• A unique low-energy consumption production process with an energy reuse rate reaching 80%, reducing overall manufacturing energy consumption costs by 50%.

• Independent raw material R&D and proprietary formulas to deliver significant cost optimization 

• Self-designed, high-speed production lines and special film-making processes ensure product performance is on par with leading overseas brands, while delivery efficiency is increased by 4X, compared to similar makers. 

Currently, the company's products have taken a leadership space in the domestic water-soluble film market, and its overseas market is expanding steadily, with growing global market recognition and influence.

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Nanshan SEI Investment mentions, "Sengong addresses multiple stages of the production chain, including material R&D, formula products, production equipment, and processing techniques. It has broken the monopoly held by overseas manufacturers on core raw materials within the industry. While capturing the domestic market, it is also achieving multiple breakthroughs overseas, demonstrating strong growth momentum. We continue to be confident in the Sengong team's solid industry experience and innovative approach to technology application. We believe the company will become an internationally leading enterprise in the field of sustainable, environmentally friendly materials in the future."

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Hongfu Investment mentions, "Sengong is one of the very few companies in the industry that masters the entire independent production chain for film materials. Through continuous technological innovation and product upgrades, it is constantly strengthening its technological moat, which will continue to enhance its market competitiveness. Furthermore, the founder's exceptional learning capability provides a key driving force for breaking through technical barriers and achieving iterative development. Combined with its 'low-cost + high-performance' advantage, which is perfectly aligned with the 'Dual Carbon' goals, we believe it can rapidly expand from the home care industry into logistics, agricultural ecology, and other sectors. We are firmly optimistic about its long-term growth potential."

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Previously, Sengong New Materials had received investments from Plum Ventures (2021) and CM Venture Capital (2022). With the successful completion of this latest funding round, Sengong New Materials is poised to continue leading the development of the degradable PVA functional film industry, leveraging its advantages in technology, production capacity, and market presence to write a new chapter of innovation in the sustainable materials field.

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