Zhejiang NHU

What Zhejiang NHU does

Zhejiang NHU Company Limited is a China-based functional chemicals manufacturer operating across six product verticals: animal nutrition, human nutrition, flavors and fragrances, new materials (PPS/PPA engineering plastics), pharmaceutical APIs, and chemical intermediates. The company was founded in 1988 as a school-run alcohol recycling factory, formally incorporated in 1999, and listed on the Shenzhen Stock Exchange in 2004 as the first stock (ticker 002001) on the SME board. It operates five major production bases in China — Xinchang (Zhejiang HQ), Shangyu, Weifang (Shandong), Suihua (Heilongjiang), and Zhenhai (Ningbo) — plus a Tianjin new materials project under construction, and maintains R&D centers in Singapore and Japan and a European sales/logistics entity (NHU Europe GmbH) in Germany.

The company's core technology rests on a dual "Chemical+" and "Bio+" platform, combining asymmetric synthesis, hydrogenation catalysis, condensation chemistry, microencapsulation, and bio-fermentation capabilities. Proprietary breakthroughs include full-chain Vitamin E technology (reducing synthesis steps from 14 to 11 and atomic economy from 36% to 100%), low-ash cross-linked PPS resin technology (22,000 tons/year, the second-largest capacity globally), clean D,L-methionine production (the first fully IP-domestic green integrated line in China), fermentation-route Vitamin B5 (world's first), and large-scale citronellal production (first in China, third globally). The patent portfolio comprises over 1,000 authorized patents (1,020 domestic valid patents and 129 overseas). R&D intensity has run at over 5% of sales for five consecutive years, with cumulative R&D investment of CNY 5.506 billion, supported by 2,800+ dedicated R&D personnel including 85 PhDs and 30+ collaborating academics.

Zhejiang NHU operates a B2B enterprise sales model with five revenue streams: nutrition products (vitamins, amino acids, carotenoids — the largest revenue contributor at CNY 22.251 billion total company revenue in 2025), flavors and fragrances (citral, linalool, menthol, raspberry ketone for top global F&F houses), new materials (PPS, PPA, LFT composites for automotive and electronics), APIs (moxifloxacin HCl, CoQ10), and chemical intermediates. Pricing is unit-based by specification/purity/volume with multi-year contracts; pricing is not publicly disclosed. The company serves over 100 countries with direct enterprise field sales teams, channel/distributor networks, OEM/embedded partnerships (including the DSM joint venture for PPS automotive applications and the Sinopec 50:50 joint venture for 180,000 tons/year liquid methionine), and localized European fulfillment. Named enterprise customers include the top four global F&F houses (Givaudan, Firmenich, IFF, Symrise), DSM, Sinopec, Procter & Gamble, Hunan Yuhua, Toyobo, and Ensoli, plus feed industry customers globally. Cumulative cash dividends since IPO total CNY 18.57 billion, and FY2025 net profit attributable to shareholders was CNY 6.764 billion.

Name

Zhejiang NHU

Legal name

浙江新和成股份有限公司 (Zhejiang NHU Company Limited)

Website

https://cnhu.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Zhejiang NHU is a Chinese functional chemicals manufacturer producing vitamins, amino acids, carotenoids, flavors and fragrances, PPS/PPA engineering plastics, and pharmaceutical APIs, serving global animal nutrition, F&F, automotive, and pharmaceutical customers across 100+ countries from five production bases in China.

Ownership category

akta.pro rank

Product category

Specialty Fine Chemicals

NAICS

Chemical Manufacturing (325), Other Chemical Product and Preparation Manufacturing (3259), Synthetic Dye and Pigment Manufacturing (32513), Custom Compounding of Purchased Resins (325991)

SIC

Miscellaneous Chemical Products (2890), Industrial Organic Chemicals (2860), Medicinal Chemicals & Botanical Products (2833)

akta.pro primary industry

Antioxidants & Phytochemicals (Carotenoids, Tocopherols, Flavonoids, CoQ10, Resveratrol) (AFAJAKAI)

akta.pro secondary industries

Pigments & Colorants (Carotenoids, Canthaxanthin) (AFADALAJ), Bioplastics Compounding & Masterbatch (bio-based additives, colorants, fillers) (IMANANAB)

Keywords

• Fine chemicals manufacturing
• Animal nutrition additives
• Flavors and fragrances
• Engineering plastics
• Pharmaceutical raw materials

Headquarters

HQ city

Xinchang

HQ country

China

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 营养品（动物营养+人类营养）: 营养品业务涵盖维生素系列（VA、VE、VD3、生物素、虾青素等）、蛋氨酸、氨基酸、牛磺酸、辅酶Q10等产品，用于饲料添加剂和人类营养素。2025年公司营收222.51亿元，营养品板块为核心收入来源。
2. 香精香料: 香精香料业务包括柠檬醛、薄荷醇、芳樟醇、叶醇、覆盆子酮等数十个产品，远销欧洲、美国、东南亚等全球市场，与奇华顿、芬美意、IFF、德之馨等全球十大香精香料公司建立长期合作。
3. 新材料: 新材料业务以PPS（聚苯硫醚）、PPA（高温尼龙）为核心，还包括PPS纤维、LFT复合材料、PPS导热管材、PPS流延薄膜等，应用于汽车、电子电气、环保、航空航天等领域。
4. 原料药: 原料药业务包括盐酸莫西沙星、布洛芬、辅酶Q10等，已获得欧盟CEP证书等国际认证，为国内外制药企业提供原料药供应。
5. 化工品中间体: 化工品业务依托一体化生产方式，提供异戊烯醇、维生素C、丙烯酸、草酸二乙酯、环戊酮、异佛尔酮等基础化工原料和中间体产品，服务建筑化学、作物保护、肥料、工业溶剂等应用领域。

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Zhejiang NHU is a functional chemicals manufacturer producing vitamins (A, E, D3, C, B series), amino acids (methionine), carotenoids (astaxanthin, beta-carotene), and aroma chemicals (citral, linalool, menthol) for animal nutrition, human nutrition, and flavors & fragrances customers. The company also produces specialty engineering plastics (PPS resin/fiber/film, PPA resin, LFT composites) for automotive, electronics, and environmental filtration, plus pharmaceutical APIs (moxifloxacin HCl, CoQ10) and chemical intermediates, serving customers in 100+ countries.

Product overview

Zhejiang NHU (浙江新和成) is a functional chemicals company with four major business segments: Animal Nutrition, Human Nutrition & Health, Flavors & Fragrances, and New Materials (including PPS and PPA engineering plastics), along with pharmaceutical raw materials and chemical intermediates. The product portfolio spans饲料添加剂 (Vitamin A, E, methionine, taurine, astaxanthin), human nutrition (COVITAS™ vitamins, COAMINOS™ amino acids, NuColoris™ carotenoids, Cosmetics ingredients), flavor & fragrance (citral, linalool, menthol, raspberry ketone, and related aroma chemicals), new materials (PPS resin/fiber/film/pipes, PPA resin, LFT composites), and pharmaceutical APIs (moxifloxacin HCl, coenzyme Q10). The company operates across six product categories: animal nutrition, human nutrition, flavors, new materials, chemicals, and APIs. Key technology platforms include 微囊化技术 (microencapsulation for converting fat-soluble vitamins) and 生物发酵技术 (bio-fermentation for products like vitamin B5 and CoQ10). The company maintains five major production bases across China (Xinchang, Shangyu, Shandong, Heilongjiang, Tianjin) and serves customers in over 100 countries.

Differentiator

Problem solved

Functional benefit

Brands

• NHU PPS (聚苯硫醚): High-performance engineering plastics including PPS resin, fiber, film, and composite materials for automotive, electronics, and industrial applications.
• NHU PPA (高温尼龙)
• COVITAS (维生素系列)
• COAMINOS (氨基酸系列)
• NuColoris (类胡萝卜素系列)
• PPS环保滤袋
• IPDI (异佛尔酮二异氰酸酯)

Products and services

• PPS Resin (Polyphenylene Sulfide)
• PPA Resin (Polyphthalamide)
• PPS Fiber
• PPS Cast Film
• LFT Composite Materials
• PPS Monofilament
• PPS Thermal Conductive Pipes
• COVITAS Vitamin Series
• COAMINOS Amino Acid Series
• NuColoris Carotenoid Series
• Flavor & Fragrance Products
• Animal Nutrition Feed Additives
• Pharmaceutical Raw Materials (APIs)
• IPDI (Isophorone Diisocyanate)
• Chemical Intermediates
• Cosmetics Ingredient Series

Quantifiable outcome

• 蛋氨酸价格从国外垄断时130元/千克降至约20元/千克，每年为国家节省约300亿元外汇支出
• +3 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature9 records

Partnerships

14 partnerships are on record, tiered core and minor.

• Javier Perez-Ramirez 教授（苏黎世联邦理工学院）coreTechnology or Integration · 17 June 2025苏黎世联邦理工学院欧洲科学院院士Javier Perez-Ramirez教授受邀主持新和成首期求新大讲堂，分享甲醇合成、丙烷脱氢及绿色塑料合成等前沿催化技术，并与新和成在催化剂领域保持多年稳定合作。
• 中国石油化工股份有限公司（镇海炼化）coreStrategic or Co-development Partner · 28 April 2025新和成与中国石化以50:50股比合资成立宁波镇海炼化新和成生物科技有限公司，共同建设18万吨/年液体蛋氨酸项目，打造国内首套具有完全自主知识产权、全球单套规模最大的液体蛋氨酸装置。这是国企和民企跨界合作的标杆项目，实现了炼化企业与功能化学品企业的深度合作。
• 恩和生物 (Bota Bio)coreStrategic or Co-development Partner · 1 January 2024新和成与Bota Bio达成战略合作，首个合作项目成功实现商业化。Bota Bio提供全栈式菌株开发平台，新和成利用技术优势实现新一代工业菌株和工艺的工业规模量化生产和绿色升级，已累计为双方带来数千万元经济效益，共同开发产品预计创造数亿元人民币价值。
• 中国科学院大连化学物理研究所 (DICP)coreTechnology or Integration · 2 July 2023新和成与大连化物所联合开展催化技术研究，大连化物所 Wu Xiaofeng 研究员和 Chen Qing'an 研究员在新和成举办第二届求新讲堂，分享碳碳键羰基化、松烯合成等前沿催化技术，双方在催化绿色合成领域开展深度产学研合作。
• 浙江大学coreStrategic or Co-development Partner · 1 January 2023新和成与浙江大学联合开发了维生素E、维生素A、PPS、蛋氨酸等多个关键产品的核心技术。浙江大学化学系在公司设立化学前瞻技术研究中心，新和成向浙江大学捐赠7000万元用于支持化学学科建设。双方在基础研究、工程化开发、工艺流程优化等方面开展深度合作。
• 帝斯曼 (DSM)coreOEM/ Whitelabel/ Licensing Partner · 1 January 2015新和成与帝斯曼成立合资公司（新和成占40%），专注于PPS汽车领域材料应用，帝斯曼具有强大的汽车材料应用渠道，新和成提供PPS树脂，双方优势互补，共同开拓PPS国际市场。
• 天津大学coreStrategic or Co-development Partner新和成联合天津大学等高校院所开展蛋氨酸技术攻关，突破固体蛋氨酸清洁生产工艺。天津大学在新和成蛋氨酸国产化进程中发挥了重要的技术支撑作用。
• 中国石化集团石油化工科学研究院coreTechnology or Integration2026年5月，中国工程院院士王基铭、聂红携中国石化30余位专家赴新和成考察，双方围绕产业发展、领域合作等议题开展座谈交流，达成深度共识，希望在新技术、新产品方面优势互补，推动行业快速发展。
• 中国石油集团工程材料研究院有限公司minorStrategic or Co-development Partner新和成与中国石油集团工程材料研究院签署合作框架协议，共同研发油气田用PPS复合管材等系列产品，推动新材料在能源领域的应用。
• 江南大学coreStrategic or Co-development Partner新和成与江南大学签署战略合作协议，与陈卫院士团队在益生菌等营养健康领域开展合作，共建无锡特殊食品与营养健康研究院，共同推动功能食品与营养健康领域的创新发展。
• 国际纯粹与应用化学联合会 (IUPAC)coreStrategic or Co-development Partner新和成与IUPAC携手设立IUPAC-Zhejiang NHU国际绿色化学进步奖，成为国内首家与该国际权威组织联合设立学术奖项的企业，汇聚全球顶尖科研智慧，推动行业绿色化、高端化、可持续化发展。
• 闰土集团minorChannel Partner/ Reseller/ Distributor新和成与闰土合作打造从基础原料到高分子聚合物再到改性加工、特种纤维的PPS全产业链，培育了一大批国内PPS下游用户。
• 东洋纺minorChannel Partner/ Reseller/ Distributor新和成与东洋纺在PPS下游应用领域开展合作，共同开拓PPS市场。
• 恩骅力minorChannel Partner/ Reseller/ Distributor新和成与恩骅力在PPS材料应用领域开展合作，共同开拓PPS国际市场。

Scale indicators17 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• Toray Industries: Japan's leading PPS resin producer (global #1 in PPS capacity ahead of NHU at #2), and a major specialty chemicals/materials player. Directly comparable in high-performance engineering plastics including PPS resin, PPS fiber, and PPS compounds.
• Evonik Industries: Global #1 in methionine (MetAMINO), direct head-to-head competitor in NHU's largest growth bet. Also competes in specialty additives and amino acids for animal nutrition. Strategic overlap with NHU's core methionine, amino acid, and certain specialty chemical segments.
• Symrise: Top-4 global flavors and fragrances company and a key NHU customer. Comparable in finished F&F formulation and as a downstream consumer of aroma-chemical intermediates (citral, linalool derivatives) sourced from suppliers like NHU.
• International Flavors & Fragrances (IFF): Top-4 global F&F company and a major customer of NHU's aroma chemicals. Comparable as a downstream user of citral-class ingredients and a competitor in finished fragrance and flavor compounds. Provides benchmark for NHU's pricing power with global F&F customers.
• DIC Corporation: Japanese chemical company with significant PPS resin and compound production (formerly Dainippon Ink & Chemicals). Competes with NHU in PPS resin and pigments, including high-performance grades for automotive and electronics applications.
• DSM-Firmenich: Post-2023 merger of DSM and Firmenich, creating a global leader in nutrition (vitamins, premixes) and flavors & fragrances. Directly comparable to NHU's COVITAS vitamin line, amino acid platform, and aroma-chemical sales to top F&F houses. Competes head-on in feed-grade vitamins and human nutrition ingredients.
• Givaudan: World's largest flavors and fragrances house — both a customer of NHU's aroma chemicals (citral, linalool, menthol) and a competitor in finished F&F formulations. The customer/supplier duality makes it a critical comparable for NHU's fragrance intermediates business.
• Sumitomo Chemical: Major global methionine producer and PPS producer (the global #1 PPS supplier). Directly comparable to NHU across both feed-grade methionine and PPS engineering plastics, particularly for automotive and electronics applications in Asia.
• Adisseo (China National Bluestar): Subsidiary of ChemChina/Sinochem and one of the top global methionine producers. Competes directly with NHU in feed-grade methionine and specialty animal nutrition additives. Also a peer in vitamin premix and rumen-protected methionine for the Chinese market.

Broad incumbents

• BASF: World's largest chemical company with overlapping footprints in feed-grade vitamins (BASF has historically been a major VA/VE producer), aroma chemicals, engineering plastics (including Ultramid polyamides comparable to NHU's PPA), and crop protection intermediates. Operates broadly across fine chemicals value chains where NHU competes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights8 records

Customer concentration

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Compliance10 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries17 records

Funding overview

Funding rounds

Investors

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

M&A

Investments1 record

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

Frequently asked questions about Zhejiang NHU