Xinyue Energy's Series A financing is nearing completion

Currently, Xinyueneng's Series A financing is nearing completion. It is expected that the pre-investment valuation of this round of financing will be RMB 6 billion, with an additional financing of RMB 1.2 billion. The post-investment valuation will reach RMB 7.2 billion, which is more than twice the overall oversubscription. Investors include well-known industrial investors and financial strategic investors.