Xinshinuo completed a round A financing of hundreds of millions of yuan

Recently, Xinshinuo announced the completion of a round A financing of several hundred million yuan. This round of financing was jointly invested by CICC Private Equity Fund, Yizhuang State Investment, Gobi Greater Bay Area, Xingong Shares and other institutions, and followed by old shareholders such as Sugao New Industrial Investment and Sugao New Financial Holdings. Xinshinuo's sales in 2023 will be close to 2 billion yuan. It has a professional service team of more than 600 people and has multi-industry and global delivery capabilities. The company conducts business in three major areas: semiconductors, LCD/OLED panels and new energy. The fifth-generation overhead crane system launched by Xinshinuo has received commercial orders from many customers. The system integrates the product and technology research and development of the Chinese and Korean teams, demonstrating Xinshinuo's technical strength in the semiconductor field.