In October 2023, Shenzhen Jiamai Automation Co., Ltd. (hereinafter referred to as "Jiamai Co., Ltd.") completed a new round of financing of nearly 100 million yuan. This round of financing is led by Novartis Capital, with follow-up investments from C&D Emerging, Chip Dynamics, and Xianzhi Chain Fund. This is also a new round of financing quickly completed by Jiamai Shares since the second half of the year when Fengnian Capital invested.
As a leading enterprise in precision pneumatic components, Jiamai Co., Ltd. has been deeply involved in the fields of aerodynamics and precision control for more than ten years. Its products and technologies have been maturely applied in industries such as lithium batteries, photovoltaics, and consumer electronics. Jiamai has established deep cooperation with leading customers in industries such as CATL, BYD, Pioneer Intelligence, and North Huachuang, and is in a leading position in the high-end pneumatic component segment in China.
Leading enterprise in precision pneumatic components
Technology realizes domestic substitution
Pneumatic components, as energy conversion devices, are currently important power transmission components for achieving industrial automation. The concentration of domestic pneumatic components is relatively high, especially in the mid to high end market, which is mainly monopolized by Japanese and German brands. But with the rapid development of industrial automation, the industry's requirements for product processes and demand response efficiency are becoming increasingly high. Foreign brands often fail to meet customer needs in a timely and effective manner due to their large size and lengthy processes.
Jiamai Co., Ltd. has been focusing on the research and development, production, and sales of high-end pneumatic components for automation production line equipment for many years. Its products include precision cylinders, electromagnetic directional valves, precision electronic proportional valves, pneumatic auxiliary components, vacuum series components, and other types of control and execution components. Based on more than ten years of technological accumulation, a rich product line has been formed. Jiamai Corporation's control and execution components have basically approached foreign manufacturers in terms of performance, and are in a leading position in some products specific to the lithium battery equipment industry.
Joining hands with well-known industry partners
Entering the pan semiconductor industry
Jiamai Co., Ltd., as the only pneumatic enterprise in China with the ability to develop IPD integrated products, is renowned in the industry for its leading product technology and high reliability. MAXAIR brand products under its umbrella have been widely used in industries such as 3C, LCD, and lithium batteries. Among them, in the field of lithium battery equipment, several products of Jiamai Co., Ltd., such as high flow high-speed vacuum pump systems, injection valves, pneumatic diaphragm valves, etc., are all pioneering in China. Especially in the field of power battery cell segments (including injection and chemical conversion), there are multiple industry-leading products with comprehensive performance surpassing peer enterprises in Japan, Germany, and other countries. They have also gained the favor of leading domestic enterprises such as CATL, Pioneer Intelligence, Yitian Co., Ltd., and Liande Equipment.
Jiamai Co., Ltd. has a deep technical accumulation in ultra pure material fluid control components, flow meter measurement and control components, proportional pressure control, high-frequency electromagnetic, vacuum control and other fields, and has leading comprehensive product development capabilities in China. This round of financing will lay a solid foundation for its entry into the pan semiconductor industry. This round of financing from Northern Huachuang, BOE, and Professor Shen Wenzhong, President of Shanghai Photovoltaic Council, will accelerate the domestic substitution of pneumatic components (fluid control components) for domestic brands in semiconductor, LCD, photovoltaic and other fields. To provide a strong domestic alternative solution to address the sales restrictions of core components in the semiconductor ultra pure field in countries such as the United States and Japan.
Be optimistic about domestic alternative technologies
Continuously promoting the rapid development of invested projects
In the first half of this year, Fengnian Capital completed its lead investment in Jiamai Shares. Fengnian Capital continues to be optimistic about local technology leaders with domestic substitution characteristics. Jiamai Group, based on years of technological accumulation and precipitation development, has achieved international standards in product technical performance and is changing the bottleneck of mid to high end pneumatic components. With the acceleration of localization process, Jiamai Group will also usher in a new stage with the development of the industry. In the future, Fengnian Capital will continue to invest in alternative and new demands, driving the rapid development of the local technology industry.
Regarding the nearly 100 million yuan financing completed by Jiamai Co., Ltd., Huo Da, Managing Director of Fengnian Capital, stated that Jiamai Co., Ltd. is a team that we firmly believe in and support for the long term. Pneumatic components are widely used in industries such as semiconductors, lithium batteries, photovoltaics, and consumer electronics, and have long been monopolized by Japanese and German companies. Especially for high-end pneumatic components with ultra pure applications and precision electronic control, it is an urgent bottleneck problem that needs to be solved domestically. With the addition of strategic shareholders, Jiamai Co., Ltd. will strengthen strategic cooperation with top customers in the industry to jointly achieve domestic substitution of high-end pneumatic components.
