Xinhua Finance recently published an in-depth feature on the innovation journey of Senhan New Materials Technology (Linyi) Co., Ltd., a subsidiary of Sengong. Founded as a technology venture established by entrepreneurs returning to China, the company has successfully challenged the decades-long dominance of international players in the high-end water-soluble PVA film market. Through proprietary innovation, a pioneering green manufacturing model, and strong operational performance, we have forged a new path for China’s advanced materials industry. Our journey is one of innovation, resilience, and long-term commitment. The key milestones and performance indicators below tell the story of how we have grown while staying true to our mission of building a more sustainable future.
Built on our proprietary core technologies, we have established end-to-end control over the development & production of key materials. Our flagship fully-biodegradable advanced materials and functional packaging solutions are engineered to tackle plastic waste and microplastic pollution at the source. Delivering performance on par with the world’s leading products, they have gained broad recognition across both domestic and international markets. This achievement marks not only a significant milestone for our company, but also our commitment to advancing a stronger, more resilient, and sustainable materials ecosystem.
In the era of China’s Dual-Carbon goals, sustainability is at the heart of our competitive advantage. We have completely reimagined our production process by replacing conventional heating systems with recycled waste steam as a clean energy source, achieving a heat recovery rate of up to 80%. Our environmental performance speaks for itself:
This is far more than an energy-efficiency upgrade—it represents a fundamental transformation of our manufacturing model, integrating sustainability into every stage of production, from source to finished product.
Our proprietary technologies and strong business fundamentals have earned the confidence of leading investment institutions. To date, Shenzhen Capital Group, Meridian Capital, Plum Ventures, and other prominent investors have collectively invested RMB 90 million, enabling us to build an integrated operating model that combines R&D in Shenzhen with advanced manufacturing in Linyi. Beginning in 2025, we will initiate the corporate governance and compliance preparations required for a public listing, with the goal of pursuing an IPO on the ChiNext Market within the next three to five years. This strong capital backing will accelerate our expansion, strengthen our manufacturing capabilities, and support the continued growth of our materials and packaging technology platforms.
Senhan New Materials has grown alongside the supportive business environment of Lanshan District, Linyi. Since establishing our operations here, we have made meaningful contributions to the regional economy in four key areas:
From technological innovation to sustainable manufacturing, our journey reflects the transformation of China’s manufacturing sector toward higher-value, greener industries. Looking ahead, we will continue to push the boundaries of materials science, delivering innovative, high-performance materials that strengthen the global competitiveness of China’s advanced manufacturing industry.