China's Xinjinghe raises fresh funding to expand metal 3D printing for space
What's the deal? Chinese metal 3D printing firm Xinjinghe Laser Technology GroupDealroom has a profile for this one. Try Dealroom → has raised a new round of equity funding, co-led by CMC CapitalDealroom has a profile for this one. Try Dealroom →'s Huawen Qingneng fund and the Chuzhou local government. The company will use the money to build an aerospace additive manufacturing hub in Chuzhou and expand production capacity.
What does the company do? Founded in 2015 and based in Huzhou, Zhejiang, Xinjinghe makes industrial metal 3D printing equipment and provides printing services. It covers all major metal additive routes — powder-bed, powder-fed, and wire-fed — with build sizes ranging from hundreds of millimetres to several metres.
Why now? China is fast-tracking its commercial space sector, and rising satellite launch demand is driving orders for rockets and engines. Metal 3D printing is a key process for core engine parts such as thrust chambers, nozzles, and combustion chambers, opening a large domestic capacity gap.
What's the endgame? Xinjinghe runs a dual model of equipment sales plus printing services, using in-house machines to take on high-value work and feeding process data back into equipment upgrades. It supplies key models for several large Chinese aerospace groups and is a national-level "little giant" specialised enterprise.
Beyond aerospace, the company is pushing into new markets. It has won server liquid-cooling component orders from a leading global compute-chip maker, started joint development with a top Chinese consumer electronics brand, and received enquiries for nuclear fusion equipment.
The investor view: "Multiple downstream applications for metal 3D printing have reached a critical demand inflection point," said CMC Capital partner Gu Xiaoli. He said rigid needs for lightweighting, complex internal cavities, and fast iteration have turned printing "from an optional process into a mandatory one" (translated from Chinese).
Investment director Hua Yiqun , who led the deal, noted that aerospace certification cycles are long and entry standards strict, making a supplier costly to replace once approved. She said Xinjinghe's long track record on core models forms "a hard-to-replicate first-mover advantage" (translated from Chinese).
The signal: Huawen Qingneng is CMC Capital's first carbon-neutral fund, focused on nuclear, lithium batteries, hydrogen, and advanced LNG. The Xinjinghe deal — following bets on marine energy, EV thermal management, fusion, solid-state batteries, and advanced materials — shows the fund extending deeper into hard-tech manufacturing and commercial space.
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