Hefei Lucky Technology

What Hefei Lucky Technology does

Hefei Lucky Technology (合肥乐凯科技产业有限公司) is a Hefei-headquartered advanced materials manufacturer specializing in optical polyester (BOPET) films and optical functional films for the display, automotive, and new energy industries. Founded in 2006 as a wholly-owned subsidiary of China Lucky Group under China Aerospace Science and Technology Group, the company operates 7 biaxial stretching polyester film production lines and 15 precision coating lines across Hefei headquarters and Tianjin and Kunshan subsidiaries, employing 1,100+ staff. Its product portfolio spans six categories: optical base films (FG, PG, PF series), optical functional films (diffusion, composite, hardening, reflective, and polarizer protection films for LCD backlight and touch modules), new energy films (FE solar backsheet base film), industrial films (protection/release, anti-static, color, and insulating), decorative films (LK paint protection film, board decorative, LE EVA films), and polyester chips as raw material. The company is recognized as a National Manufacturing Single Champion in the optical film sector, holds secretariat of the SAC/TC431 national standards committee, and has accumulated 355+ patent applications with 293+ invention patents.

The company generates revenue through B2B direct sales to major display panel manufacturers (BOE, LG, Xiaomi), automotive OEMs (Li Auto, Chery, GM, Volkswagen), and solar module makers, using dedicated sales managers per product category with quote-based pricing. Its go-to-market combines enterprise field sales, international trade show participation (FILMTECH JAPAN, APFE Shanghai), and industry standards leadership. Reported 2024 operating revenue exceeded 2.3 billion RMB with international revenue up 19%+ year-over-year. Recent technology investments include solvent-free coating, dual-sided coating, and waste heat recovery systems that cut energy consumption by 30-40% and CO2 emissions by thousands of tons annually. Following mixed-ownership reform during the 14th Five-Year Plan period, the company attracted 900M RMB in strategic investment plus 1.16B RMB in November 2024 and approximately $192M in May 2025, primarily to fund capacity expansion to 56,000 tons/year of polyester film, polarizer protective film, and MLCC release film at the Hefei Xinzhan Hi-Tech Zone site, with expected annual output value exceeding 1.5 billion RMB.

Hefei Lucky's value proposition centers on import substitution for China's display and automotive industries, breaking foreign monopoly in high-end optical films that were historically controlled by foreign suppliers at premium prices (e.g., ~1,000 RMB/sqm for imported vehicle-mounted anti-explosion film). The company has positioned itself as a full optical film industry chain supplier in China, addressing the 'bottleneck' technology gap in critical display materials. Its green manufacturing credentials (National Green Factory, 2025 China Industrial Carbon Peak 'Leader' Enterprise) align with national industrial policy priorities, and its 200+ customer base spans display panel makers, NEV automakers, solar module manufacturers, and industrial film users across China, Japan, Korea, US, Germany, Vietnam, and Malaysia.

Name

Hefei Lucky Technology

Legal name

Hefei Lucky Science and Technology Industry Co., Ltd.

Website

https://lkbm.luckyfilm.com

Company type

Private

Founded year

2006

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Hefei Lucky Technology is a Chinese state-affiliated advanced materials manufacturer producing optical polyester films (BOPET) and functional films for LCD displays, automotive displays, and solar modules. It serves major OEMs including BOE, LG, Xiaomi, Li Auto, and Volkswagen, with 2024 revenue exceeding 2.3 billion RMB.

Ownership category

akta.pro rank

Product category

Optical Films and Specialty Materials

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112), Unlaminated Plastics Film and Sheet (except Packaging) Manufacturing (326113), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Unsupported Plastics Film & Sheet (3081), Plastics Products, Nec (3089), Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820)

akta.pro primary industry

Polyester & Nylon Films (PET/BOPET, PA/BOPA) (IMALABAB)

akta.pro secondary industries

Electrical & Electronics Film/Sheet Extrusion (Insulating Films, Display/Optical Films) (IMANACAE), Barrier & Specialty Films (EVOH, PVDC, Metallized, AlOx/SiOx Coated) (IMALABAC), Solar PV Module Manufacturing (Cells, Modules, Thin-Film) (EUAMABAD)

Keywords

• Optical polyester film
• BOPET film manufacturing
• Optical functional films
• Display film materials
• Solar backsheet film

Headquarters

HQ city

Hefei

HQ country

China

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Technology or R&D, Personnel, Infrastructure, Marketing or Sales

Revenue model

1. Optical Polyester Film Sales: Sale of FG series, PG series, and PF series optical polyester films as the primary revenue stream. Products used in high-end LCD displays, touch panels, and flexible displays. Manufactured on 7 polyester film production lines.
2. Optical Functional Film Sales: Sale of optical functional films including diffusion films (CDX, CDS, WD series), composite films (CP1020), hardening films (CH series with anti-glare, anti-scratch, anti-fingerprint), reflective films (RG2, CRG), and protective films (CA series). Manufactured on 15 precision coating production lines.
3. New Energy Film Sales: Sale of FE series solar backsheet base films with moisture/heat resistance, UV resistance, water vapor barrier, and insulation properties for solar modules.
4. Industrial and Decorative Film Sales: Industrial films (protection/release base films, anti-static films, color films, insulating films) and decorative films (LK paint protection film, board decorative film, LE EVA film) sold to diverse industrial customers.
5. Polyester Chip Sales: Sale of polyester chips including base type for optical films, transparent polyester chips, and high-speed film grade chips. Used in optical PET films, industrial films, decorative films, textiles, and garments.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

Hefei Lucky Technology manufactures and sells optical polyester films (BOPET base films) and optical functional films (diffusion, reflective, hardening, protective, and composite films) for the new display, automotive, and new energy industries. The company also produces solar backsheet films, industrial films (anti-static, insulating, color, protection/release), decorative films (paint protection, EVA lamination), and polyester chip raw materials across 7 polyester film production lines and 15 precision coating lines.

Product overview

Hefei Lucky Technology is a high-tech enterprise specializing in optical polyester films and optical functional films for the display industry. The company operates as a manufacturer with six main product categories: (1) Optical Polyester Films (FG, PG, PF series) serving as base substrates for LCD displays; (2) Optical Functional Films including diffusion films, reflective films, composite films, and hardened coatings for backlight modules, polarizers, and screen protection; (3) New Energy Films (FE series) for solar backsheet applications; (4) Industrial Films including protection, release, anti-static, color, and insulating films; (5) Decorative Films including paint protection films (PPF), board decorative films, and EVA laminated films; and (6) Polyester Chips as raw materials for film production. The company also operates precision coating production lines to provide finished functional film products alongside base film manufacturing.

Differentiator

Problem solved

Functional benefit

Brands

• FG Series Optical Polyester Film: Optical polyester film series including FG2, FG4, FG6, FG7 types, with high transmittance, low haze, high gloss, and good coating performance.
• PG Series Pre-coated Primer Optical Film
• PF Series Pre-coated Primer Anti-static Polyester Film
• CDX/CDS Type Diffusion Film
• RG2/CRG Type Reflective Film
• CH Series Hardened Film
• CA Series Polarizer Protection Film
• FE Series Solar Backsheet Base Film
• LK Paint Protection Film (PPF)
• LK-300 High-speed Film Grade PET Resin

Products and services

• FG Series Optical Polyester Film Optical polyester film with high transmittance, low haze, high gloss, and good coating performance. Used in high-end LCD displays for diffusion films, brightening films, anti-static protective films, touch panel protective films, and flexible displays.
• PG Series Pre-coated Primer Optical Polyester Film Pre-coated primer optical film providing improved adhesion for functional coatings, enhanced optical properties, and better printability and anti-static performance for polyester film applications.
• PF Series Pre-coated Primer Anti-static Polyester Film Pre-coated primer anti-static polyester film with durable anti-static properties, suitable for applications requiring static dissipation and protection.
• CDX/CDS Type Diffusion Film Backlight module functional films that diffuse light uniformly across LCD displays, improving brightness uniformity and viewing angles in flat panel displays.
• CP1020 Type Composite Film Composite functional film for backlight modules combining multiple optical functions in a single layer for improved display performance.
• CH Series Hardened/Curable Coating Film Surface protection functional films with anti-glare (AG), anti-scratch, and anti-fingerprint (AF) properties. Includes transparent, anti-glare, anti-fouling, anti-Newton ring variants and TAC substrate anti-glare films.
• RG2/CRG Type Reflective Film High-reflectivity films for backlight modules that efficiently reflect light back through the display, improving brightness and energy efficiency.
• CA Type Polarizer Protection Film Protection films for polarizer sheets including anti-static and high-temperature resistant variants, used in LCD module assembly.
• FE Series Solar Backsheet Base Film Solar backsheet base films with excellent moisture/heat resistance, UV resistance, water vapor barrier, and insulation properties. Used in various solar module structures.
• FP Series Protection/Release Base Film Industrial base films for protection and release applications with excellent heat resistance and dimensional stability, used in card protection, release protection, and processing protection.
• FF Series Anti-static Film Internal anti-static additive films with permanent anti-static properties, wiping resistance, cleanliness, and optical performance for electronic product manufacturing protection.
• FC Series Color Film Color films with uniform color, smooth appearance, excellent thickness consistency, and high strength for inkjet/laser medical printing, advertising, and release applications.
• FJ Series Insulating Whitening Film Transparent polyester insulating films with excellent electrical insulation and mechanical properties, used for motor slot insulation and cable insulation.
• LK Paint Surface Protection Film (PPF) Paint protection films with high hardness, scratch resistance, yellowing resistance, oil stain resistance, transparency, and good elasticity for automotive and furniture surfaces.
• Board Decorative Film Decorative films available in high gloss and skin-feel finishes with high hardness, scratch resistance, stain resistance, and moisture resistance for furniture panels.
• LE Type EVA Laminated Film EVA laminated films with high transparency, high adhesion, good moisture resistance, low melting point, and easy bonding for furniture lamination.
• Optical Film Base Type Polyester Chips High-brightness, high-transparency, high-cleanliness polyester chips with excellent film-forming properties, serving as premium raw materials for high-end optical films.
• Bright Full-light Polyester Chips Polyester chips with good color phase, minimal impurities, and stable performance indicators, offering excellent film-forming and spinnability for packaging, printing, and metallization films.
• High-Speed Film Polyester Chips

Quantifiable outcome

• Revenue exceeded 23 billion RMB in 2024 with international revenue up 19%+ YoY
• +7 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Four partnerships are on record, tiered minor and strategic.

• SID (Society for Information Display) - China RegionminorStrategic or Co-development Partner · 1 September 2024Strategic cooperation agreement signed between SID China and Hefei Lucky at the Hefei New Display Industry Association event. Combines mutual advantages to establish deeper cooperation in new display field, sharing resources and building deeper cooperation in new display field.
• 中石化仪征化纤 (SINOPEC Yizheng Chemical Fibre)strategicStrategic or Co-development Partner · 26 March 2024Yizheng Chemical Fibre visited Hefei Lucky for cooperative discussions. Explored collaboration on low-melting-point products, anti-static products, and recycled polyester chips.双方重点探讨了在低熔点产品、抗静电产品以及再生切片等研发方向的合作可能性. Discussed technology complementarity and resource sharing.
• 扬州化工园区 (Yangzhou Chemical Industrial Park)strategicStrategic or Co-development Partner · 26 March 2024Yangzhou Chemical Industrial Park visited Hefei Lucky to discuss cooperation. Park provides industrial scale, business environment, supporting resources and investment policies. Explored follow-up industrial cooperation and project landing opportunities.
• 合肥市新型显示产业协会 (Hefei New Display Industry Association)strategicGTM or Marketing PartnerHefei Lucky serves as a vice-chairman unit of the association. The association organized industry chain dialogue events visiting Hefei Lucky, bringing ~30 upstream and downstream enterprises for exchanges and cooperation, helping build industry chain coordination.

Scale indicators10 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Toray Industries: Japanese advanced materials giant and the global benchmark for BOPET optical polyester films used in LCD backlights, polarizers, and touch panels. Hefei Lucky explicitly positions itself as breaking Toray's monopoly in China, making it the most relevant comparator on technology, customer set, and product category.
• Mitsubishi Chemical Group: Major Japanese BOPET and specialty optical film producer with deep ties to display panel makers globally. Competes head-to-head with Hefei Lucky in optical polyester base film and functional films for LCD/OLED applications.
• SKC Co., Ltd. South Korean specialty film and chemical materials company with strong position in optical films, BOPET, and MLCC release film. Direct competitor to Hefei Lucky in optical polyester films and functional films serving display manufacturers.
• Kolon Industries: South Korean chemical and advanced materials company producing optical films, BOPET, and specialty films for display applications. Competes with Hefei Lucky in the optical functional film segment, particularly for Asian display manufacturers.
• DuPont Teijin Films: Joint venture between DuPont and Teijin specializing in PET and PEN polyester films for industrial, photographic, and electronics applications. Long-standing global supplier of high-end polyester films, comparable to Hefei Lucky's optical polyester film portfolio.
• Nan Ya Plastics Corporation: Taiwanese petrochemical and plastics major with substantial PET film production including optical-grade films. Competes with Hefei Lucky in display and industrial polyester films across the Asia-Pacific region.

Direct peers

• Toyobo Co., Ltd. Japanese specialty film manufacturer producing polyester films for electronics, displays, and industrial applications. Comparable to Hefei Lucky in optical-grade BOPET and functional film offerings for display and electronics customers.
• Ningbo Changyang Technology (长阳科技): Chinese BOPET optical film manufacturer competing directly with Hefei Lucky in optical polyester films and backlight functional films for LCD displays. Closest domestic peer on product mix, customer base (BOE, etc.), and import-substitution positioning.

Emerging players

• Hyosung Chemical: South Korean specialty chemicals producer with BOPET film operations serving display and packaging applications. Comparable to Hefei Lucky on optical polyester film technology and customer base, particularly for Korean panel makers.
• Yunnan Energy New Material (云天化/恩捷股份): Chinese advanced materials company expanding into specialty films including optical-grade polyester films. Emerging domestic competitor to Hefei Lucky in display and new energy film applications, with strong financial backing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance13 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles13 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Hefei Lucky Technology