en.Wedoany.com Reported - Recently, Kingfa Science & Technology has made consecutive moves in the field of chemical new materials and high-performance composites, establishing two subsidiaries in Kunshan, Jiangsu, and Zhengzhou, Henan, respectively.
On June 29, Jiangsu Kingfa Composite Materials Co., Ltd. was established in the Kunshan Development Zone, Jiangsu, with a registered capital of 50 million yuan and Zhang Chao as its legal representative. The company is wholly owned by Guangzhou Kingfa Carbon Fiber New Materials Development Co., Ltd., which is itself a wholly-owned subsidiary of Kingfa Science & Technology. Its business scope encompasses research, development, and promotion services for new material technologies, as well as the manufacturing and sales of bio-based materials, plastic products, glass fiber reinforced plastic products, high-performance fibers and composite materials, and also involves research and development of carbon fiber recycling technologies.
The establishment of Jiangsu Kingfa Composite Materials marks the extension of Kingfa Science & Technology's layout in carbon fiber and composite materials from South China to the core area of the Yangtze River Delta, aiming to enhance regional market responsiveness and supply chain service capabilities.
In the high-performance fiber-reinforced composite materials business, Kingfa Science & Technology, leveraging provincial-level R&D platforms such as the Guangdong Provincial Engineering Technology Research Center for High-Performance Composite Materials, and relying on national-level R&D platforms and thermoplastic resin modification technologies, has long focused on the R&D and production of high-performance composite materials. It can provide downstream customers with overall lightweight material solutions. In 2025, the main products of this segment achieved operating revenue of 446 million yuan, a year-on-year increase of 5.44%. During the same period, the company successfully developed various functional thermoplastic continuous fiber-reinforced composite materials, solving long-term service issues such as appearance quality, weather resistance, and heat resistance of materials in extreme environments.
In the specialty fiber field, Kingfa Science & Technology has adopted a differentiated layout. Currently, leading companies in China's domestic carbon fiber track, such as Zhongfu Shenying, Shanghai Petrochemical, and Guangwei Composites, primarily focus on the manufacturing of carbon fiber precursor and carbon fiber. Kingfa Science & Technology's core advantage lies in modified plastics and composite material formulations. Its core platform, Guangzhou Kingfa Carbon Fiber New Materials Development Co., Ltd., primarily produces continuous fiber-reinforced thermoplastic tapes, sheets, and other lightweight, high-strength composites and thermosetting composites, and provides technical services from product design and development to industrial production.
Kingfa Science & Technology stated that it will continue to deepen its efforts in the field of high-strength lightweight composite materials, expanding the application of composites in structural components around power batteries for new energy vehicles (such as battery upper cases and underbody shields) and industrial-grade drone fuselage structures. It will also embed products like honeycomb panels, steel-plastic composite panels, and high-performance lining panels into customers' next-generation product platforms.
Since 2026, China's domestic specialty fiber industry has seen concentrated breakthroughs, with leading companies accelerating technological iteration and capacity expansion. Related developments include: Shanghai Petrochemical overcoming key technologies for wet-process T1000-grade high-performance carbon fiber and achieving batch production; Sinopec's Inner Mongolia Carbon Fiber Company increasing its registered capital to 1.2 billion yuan; the first production lines of Zhongfu Shenying's annual 30,000-ton high-performance carbon fiber construction project being put into operation; and Jilin Chemical Fiber's 4,000 tons/year large-tow carbon fiber production line for offshore wind turbine blades commencing operation.
On June 30, Zhengzhou Kingfa Technology Co., Ltd. was established, with Zhu Zhihui as its legal representative, a registered capital of 100 million yuan, and its registered address located in the Zhengzhou Airport Economy Zone. Its business scope includes the R&D, production, and sales of materials such as bio-based materials, engineering plastics, synthetic resins, and glass fiber reinforced plastic products. The company is jointly held by Kingfa Science & Technology, Wuhan Kingfa Technology Co., Ltd., and Tianjin Kingfa New Materials Co., Ltd., with the latter two being wholly-owned subsidiaries of Kingfa Science & Technology.
Kingfa Science & Technology owns 64 subsidiaries and has R&D and production bases in overseas regions such as South Asia, North America, and Europe. In 2025, the company achieved total operating revenue of 65.396 billion yuan, a year-on-year increase of 8.07%; and net profit attributable to the parent company of 1.150 billion yuan, a year-on-year increase of 39.44%. Its main products cover nine major categories, including modified plastics, environmentally friendly high-performance recycled plastics, biodegradable plastics, specialty engineering plastics, high-performance fiber-reinforced composites, light hydrocarbons and hydrogen energy, polypropylene resin, styrenic resin, and medical health polymer materials, applied in fields such as automotive, consumer electronics, embodied intelligence, new energy, and aerospace.
On July 6, Kingfa Science & Technology added the "Computing Power Concept". The basis is an announcement dated June 16, 2026, stating that the company's specialty engineering plastics business has a well-established layout in the AI computing power and server tracks, with significant business development results. In 2025, the sales volume of the company's main specialty engineering plastic products reached 34,100 tons, a year-on-year increase of 42.68%, of which sales from emerging fields like AI computing power accounted for nearly 30%.
