Greenda Electronic Materials
Greenda Electronic Materials is a Hangzhou-based publicly listed (SSE: 603931) manufacturer of ultra-clean, high-purity wet electronic chemicals — notably TMAH developer — serving display panel makers (BOE, CSOT, LG, Samsung, Tianma), semiconductor fabs, and solar PV producers from facilities in Hangzhou, Hefei, Ordos, and Sichuan.
- Company typePublic
- Founded2001
- HeadquartersHangzhou, China
- Headcount251–500
- GTM typeB2B
- OfferingHardware or Manufacturing
What Greenda Electronic Materials does
Greenda Electronic Materials (杭州格林达电子材料股份有限公司) is a Hangzhou-based, publicly listed (Shanghai Stock Exchange A-share Main Board, code 603931) specialty chemicals manufacturer founded in October 2001 as a subsidiary of Hangzhou Electrochemical Group (founded 1936). The company develops, produces, and sells ultra-clean and high-purity wet electronic chemicals — primarily tetramethylammonium hydroxide (TMAH) photoresist developer in concentrations of 2.38%, 20%, 24.8%, and 25%, plus a portfolio of etching solutions (ITO, aluminum, IGZO), strippers, diluents, nitric acid, and hydrofluoric acid. Its core technology leverages an electrolytic process derived from the parent's chlor-alkali chemical platform, and it claims to be the world's largest TMAH developer supplier with total planned capacity of 235,000 tons/year across Hangzhou, Hefei, and Ordos production sites plus a Sichuan subsidiary and announced South/Southwest China bases.
The company serves three end-markets: display panel manufacturing (TFT-LCD and AMOLED, its largest segment), semiconductor IC manufacturing (a focus area for product development including a 2019 Zhejiang Province Key R&D Project designation for IC-grade TMAH), and solar photovoltaic manufacturing. Named customers include BOE, CSOT, LG, Samsung, Innolux, AUO, and Tianma — the majority of which Greenda has secured through collaborative R&D projects (e.g., IGZO-TMAH, color filter developer with CSOT, electronic-grade NMP with BOE Ordos).
Greenda generates revenue primarily through one-time product sales of formulated chemicals packaged in 200L barrels, 1000L IBC tanks, and ISO-tanks, under multi-year enterprise contracts, complemented by on-site management and technical services. Go-to-market is enterprise field sales to large customers, supplemented by SEMICON/FPD China industry exhibitions, Weibo/WeChat presence, and a growing regional agent/distributor network. Historically export-heavy (over 60% to Korea and Japan), the business mix has shifted toward domestic sales as Chinese display and semiconductor capacity has scaled. Pricing is quote-based and not publicly disclosed. The company has received six China New Display Industry Chain Contribution Awards and holds ISO 9001, ISO 14001, and ISO 45001 certifications, plus National High-Tech Enterprise status.
Greenda Electronic Materials firmographics
Firmographics- Name
- Greenda Electronic Materials
- Legal name
- 杭州格林达电子材料股份有限公司
- Website
- https://greendachem.com
- Company type
- Public
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- Greenda Electronic Materials is a Hangzhou-based publicly listed (SSE: 603931) manufacturer of ultra-clean, high-purity wet electronic chemicals — notably TMAH developer — serving display panel makers (BOE, CSOT, LG, Samsung, Tianma), semiconductor fabs, and solar PV producers from facilities in Hangzhou, Hefei, Ordos, and Sichuan.
- Ownership category
- akta.pro rank
Greenda Electronic Materials industry classification
Industry- Product category
- Wet Electronic Chemicals
- NAICS
- Other Basic Organic Chemical Manufacturing (32519)
- SIC
- Industrial Organic Chemicals (2860), Miscellaneous Chemical Products (2890)
- akta.pro primary industry
- Photoresists & Lithography Materials (Resists, Developers, Strippers) (IMAEAKAB)
- akta.pro secondary industries
- Etchants & Cleaning Formulations (RCA, Piranha, Specialty Cleans) (IMAEAKAF), Display & Optoelectronics Chemicals (OLED/LCD materials, polarizer chemicals) (IMAEAKAN)
Keywords
Where Greenda Electronic Materials is headquartered
LocationHeadquarters
- HQ city
- Hangzhou
- HQ country
- China
- HQ region
- Asia
Offices6 records
Markets served
Greenda Electronic Materials business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Operations, Supply Chain, Technology or R&D, Personnel, Infrastructure, Marketing or Sales
Revenue model
- Wet Electronic Chemicals Sales: Greenda generates revenue primarily through the sale of high-purity wet electronic chemicals including TMAH developer, etching solutions, strippers, and diluents. The company manufactures and sells formulated chemicals to display panel, semiconductor, and solar PV manufacturers globally. Revenue is derived from product sales contracts with enterprise customers, with exports to Korea and Japan accounting for a significant portion of sales historically.
- Comprehensive Management Services: Greenda provides integrated management services and solutions alongside its chemical products, including technical support, on-site service, and supply chain management for electronic chemical products at customer sites.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Standard packaging sizes available across all product lines |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels5 records
Greenda Electronic Materials product offering
Product offeringCore offering
Greenda Electronic Materials manufactures and sells ultra-clean and high-purity wet electronic chemicals for photolithography, etching, stripping, and cleaning processes. The company's flagship product is electronic-grade tetramethylammonium hydroxide (TMAH) developer, available in multiple concentrations (2.38%, 20%, 24.8%, 25%), along with color filter developer, etching solutions (ITO, aluminum, IGZO), strippers, diluents, hydrofluoric acid, and nitric acid for TFT-LCD, semiconductor IC, solar PV, and glass thinning applications.
Product overview
格林达电子材料是一家专业从事高纯湿电子化学品研发、生产和销售的高新技术企业，产品涵盖四大应用领域：TFT-LCD液晶显示、半导体IC、太阳能光伏(Solar)和玻璃薄化(Slim)。核心产品为TMAH显影液系列（四甲基氢氧化铵），包括2.38%、20%、24.8%、25%等多种浓度规格，自主研发的TMAH显影液率先打破国际垄断技术壁垒，填补了国内空白。公司还提供彩膜显影液、刻蚀液（ITO蚀刻液、铝蚀刻液）、剥离液、稀释液、氢氟酸、缓冲氧化蚀刻液、硝酸等湿电子化学品，为TFT-LCD、IC、PV等行业提供各类电子化学产品和综合管理服务。格林达在杭州、合肥、鄂尔多斯等地拥有生产线，规划年产能10万吨以上新型显示材料电子化学品。
Differentiator
Problem solved
Functional benefit
Products and services
- TFT-LCD Wet Electronic Chemicals High-purity wet electronic chemicals for TFT-LCD display panel manufacturing, including TMAH developer, etching solutions, strippers, and diluents. Customers include BOE, CSOT, LG, Samsung, Innolux, AUO, and Tianma.
- Semiconductor IC Wet Electronic Chemicals High-purity wet electronic chemicals for integrated circuit and semiconductor chip manufacturing, including TMAH developer, etching solutions, and electronic-grade nitric acid. Targets semiconductor fabs and IC manufacturers.
- Solar PV Wet Electronic Chemicals Functional wet electronic chemicals for solar photovoltaic panel manufacturing, including etching and cleaning chemicals used in PV cell production processes such as texturing, etching, and cleaning.
- Glass Thinning Wet Electronic Chemicals Hydrofluoric acid and etching solution products for display panel glass thinning (Slim) processes, including 49% HF, 55% HF, and buffered oxide etching solutions.
- 25% Tetramethylammonium Hydroxide TMAH Developer (GEC-I25) Colorless transparent liquid, molecular formula (CH3)4NOH, molecular weight 91.15, density 1.02g/cm³, used for display panel photolithography development processes.
- 24.8% Tetramethylammonium Hydroxide TMAH Developer (GEC-248) Colorless transparent liquid, molecular formula (CH3)4NOH, molecular weight 91.15, density 1.02g/cm³, used for display panel photolithography development processes.
- 2.38% Tetramethylammonium Hydroxide TMAH Developer (GEC-238UP) Colorless transparent liquid, molecular formula (CH3)4NOH, molecular weight 91.15, density 1.0g/cm³, used for display panel photolithography development processes.
- 20% Tetramethylammonium Hydroxide TMAH Developer (GEC-20) Colorless transparent liquid, molecular formula (CH3)4NOH, molecular weight 91.15, density 1.014g/cm³, used for display panel photolithography development processes.
- Potassium Hydroxide Developer (GED-M01) Colorless transparent liquid, molecular formula KOH, molecular weight 56.10, used for display panel photolithography development processes.
- Aluminum Etching Solution (GEK-L) Colorless transparent liquid, molecular formula H3PO4 / HNO3 / CH3COOH, used for etching aluminum metal layers in display panel manufacturing.
- ITO Etching Solution (Oxalic Acid-based, GEI-C03) Colorless transparent liquid, molecular formula C2H2O4, molecular weight 90.04, used for etching ITO transparent conductive films in display panel manufacturing.
- ITO Etching Solution (GEI-A07) Colorless transparent liquid, molecular formula H2SO4 / HNO3 / CH3COOH, used for etching ITO transparent conductive films in display panel manufacturing.
- Diluent Solution Colorless transparent liquid, molecular formula CH3OCH2CH(OH)CH3 / CH3COOCH(CH3)CH2OCH3, used for cleaning and dilution processes in display panel manufacturing.
- Electronic Grade Nitric Acid 70% (GEX-S01) Colorless or light yellow liquid, molecular formula HNO3, molecular weight 63.01, density 1.41g/cm³, electronic-grade nitric acid for semiconductor IC manufacturing.
- 55% Hydrofluoric Acid (GEB-F04) Colorless liquid, molecular formula HF, molecular weight 20.01, density 1.19g/cm³, used for display panel glass thinning processes.
- 49% Hydrofluoric Acid (GEB-F01) Colorless liquid, molecular formula HF, molecular weight 20.01, used for glass etching and thinning processes in display panel manufacturing.
- Color Filter Developer (CF Developer) Customized color filter negative photoresist developer for LCD display manufacturing. Greenda was the first domestic supplier of color filter developer in China, with formulation customized per customer production line requirements.
- Photoresist Strippers (GES Series) Photoresist stripper chemicals for display panel and semiconductor manufacturing, available in multiple formulations (GES-T, GES-B, GES-D, GES-G series) customized for different applications.
- Comprehensive Chemical Management Services Integrated management services and solutions alongside chemical products, including technical support, on-site service, and supply chain management for electronic chemical products at customer sites.
Quantifiable outcome
- Greenda's TMAH developer products cover the majority of the domestic Chinese market and are exported to South Korea and Japan
- +3 more outcomes
Companies that use Greenda Electronic Materials
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
Greenda Electronic Materials technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Greenda Electronic Materials partnerships and signals
Strategic signalScale indicators8 records
Recent moves8 records
Expansion highlights5 records
Greenda Electronic Materials competitors and assessment
Company assessmentDirect peers
- Entegris: US-based global leader in specialty chemicals and materials for the semiconductor industry, with overlapping wet electronic chemicals portfolio serving display and IC fab customers comparable to Greenda's.
- JSR Corporation: Japanese chemical company producing photoresists, electronic materials, and display materials for semiconductor and FPD manufacturers — overlapping with Greenda in lithography chemicals (developers, strippers) for the same customer base.
- Tokuyama Corporation: Japanese chemical company that is one of the world's major TMAH (tetramethylammonium hydroxide) producers, directly competing with Greenda's flagship product in display and semiconductor applications.
- Shanghai Sinyang Semiconductor Materials (上海新阳): Chinese semiconductor materials company supplying wet electronic chemicals (electroplating chemicals, cleaning chemicals, etchants) to domestic IC and display manufacturers — a direct domestic competitor in wet chemicals.
- Merck KGaA (Electronics business): German science and technology company whose Electronics segment supplies high-purity wet electronic chemicals, photoresists, and etchants for semiconductor and display customers — directly overlapping Greenda's product portfolio.
- Jianghua Microelectronics Materials (江化微): Chinese competitor focused on ultra-clean and high-purity wet electronic chemicals for semiconductor, display panel, and photovoltaic customers — serving the same domestic market with similar product portfolio to Greenda.
Broad incumbents
- Honeywell International (Electronic Materials): US multinational conglomerate whose Electronic Materials business supplies high-purity chemicals and materials to semiconductor and display customers as part of a broader industrial portfolio — overlapping with Greenda in wet chemicals but at much larger scale.
- Shin-Etsu Chemical: Major Japanese chemical company producing photoresists, silicon wafers, and rare-earth magnets — overlapping with Greenda in photoresist/lithography materials for display and semiconductor applications as part of its diversified portfolio.
- Air Products and Chemicals: US industrial gases and specialty chemicals supplier serving semiconductor and display customers with electronic-grade materials — adjacent to Greenda's wet chemicals portfolio with overlap in fab-supply relationships.
- BASF SE (Electronic Materials): Global chemical giant supplying electronic-grade chemicals, etchants, and photoresist ancillaries to semiconductor and display manufacturers — competing with Greenda in wet electronic chemicals as part of a much broader chemicals portfolio.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks4 records
Key highlights7 records
Customer concentration
Greenda Electronic Materials social profiles
Digital presenceGreenda Electronic Materials compliance and trust
Trust signalCompliance3 records
Greenda Electronic Materials financial estimates
Financial estimateRevenue estimate
Valuation estimate
Greenda Electronic Materials leadership team
Management profileNumber of profiles
Profiles4 records
Greenda Electronic Materials subsidiaries and ownership
Company hierarchySubsidiaries3 records
Greenda Electronic Materials funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Greenda Electronic Materials M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Greenda Electronic Materials
What does Greenda Electronic Materials do?
Greenda Electronic Materials manufactures and sells ultra-clean and high-purity wet electronic chemicals for photolithography, etching, stripping, and cleaning processes. The company's flagship product is electronic-grade tetramethylammonium hydroxide (TMAH) developer, available in multiple concentrations (2.38%, 20%, 24.8%, 25%), along with color filter developer, etching solutions (ITO, aluminum, IGZO), strippers, diluents, hydrofluoric acid, and nitric acid for TFT-LCD, semiconductor IC, solar PV, and glass thinning applications.
Is Greenda Electronic Materials a public or private company?
Greenda Electronic Materials is a public company. It is classified as public and is currently operating.
When was Greenda Electronic Materials founded?
Greenda Electronic Materials was founded in 2001. It employs 251 to 500 people.
Where is Greenda Electronic Materials based?
Greenda Electronic Materials is headquartered in Hangzhou, China, in the Asia region.
How does Greenda Electronic Materials make money?
Two revenue lines are on record. Wet Electronic Chemicals Sales are the primary driver. The others are comprehensive Management Services.
Who are Greenda Electronic Materials's main competitors?
Direct peers on record are Entegris, JSR Corporation, Tokuyama Corporation, Shanghai Sinyang Semiconductor Materials (上海新阳), Merck KGaA (Electronics business) and Jianghua Microelectronics Materials (江化微). Broad incumbents are Honeywell International (Electronic Materials), Shin-Etsu Chemical, Air Products and Chemicals and BASF SE (Electronic Materials).
Does Greenda Electronic Materials have an API?
No public API is recorded for Greenda Electronic Materials.
What industry is Greenda Electronic Materials in?
Greenda Electronic Materials's product category is Wet Electronic Chemicals. Its primary akta.pro industry code is IMAEAKAB, Photoresists & Lithography Materials (Resists, Developers, Strippers), with a secondary code of IMAEAKAF, Etchants & Cleaning Formulations (RCA, Piranha, Specialty Cleans). Its NAICS code is 32519 and its SIC code is 2860.