Yida Capital strategically invests in Zhuzhou Times Engineering Plastics.

Recently, Zhuzhou Times Engineering Plastic Technology Co., Ltd. (referred to as "Zhuzhou Times Engineering Plastic Technology") has received financing from Yida Capital. This round of financing will mainly be used for the research and development, production and market expansion of the company's high-performance engineering plastics and their composite materials and products. 
Zhuzhou Times Engineering Plastics Technology was established on September 27, 2018. It is a high-tech enterprise dedicated to the research and development, production, sales and service of high-performance engineering plastics and their composite materials and products. It is an engineering plastics industrialization platform jointly built by Times New Material (SH 600458), a subsidiary of CRRC, and social capital. It is a national "Little Giant" enterprise specializing in niche markets and a high-tech enterprise. The company's main products include modified engineering plastics materials, functional nylon resins, wear-resistant polymer materials and products, lightweight thermoplastic composite materials and products, and special functional nano-coatings, which are widely used in the automotive, electronic, aerospace, new energy and other fields. 
It has an annual production capacity of 50,000 tons of modified engineering plastics, 4,000 tons of continuous reaction nylon materials and products, and 2 million precision injection molded products, etc. It is a long-term strategic partner of many well-known domestic and foreign enterprises such as CRRC, Mercedes-Benz, BOGE, Schlemmer, BAIC, Changan, Great Wall, Gree, and Nexteer. 
This investment from Yida Capital marks the high recognition of Zhuzhou Times Engineering Plastic Technology's technical strength and market prospects by the capital market. The company stated that it will leverage this round of financing to further increase R&D investment, enhance product performance, expand production scale, to meet the continuously growing market demand and consolidate its leading position in the industry.