Wanshun New Materials established a new materials company with a registered capital of 200 million yuan.

According to the Qichacha app, recently Jiangsu Naiyi New Materials Co., Ltd. was established, with Du Jixing as the legal representative and a registered capital of 200 million RMB. The business scope includes sales of new metal functional materials, research and development of new materials technology, manufacturing of metal materials, and sales of metal-based composite materials and ceramic-based composite materials. Qichacha's equity penetration shows that the company is jointly held by Jiangsu Zhongji New Energy Technology Group Co., Ltd. and Jiangsu Zhongji Composite Materials Co., Ltd., both under Wanshun New Materials.