What Wazam does

Zhejiang Huazheng New Materials Co., Ltd. (branded Wazam / 华正新材) is a publicly listed Chinese new-materials manufacturer operating through three business units: copper clad laminates (CCL), functional composite materials, and aluminum-plastic films for lithium battery soft packs. Established in 2003 and held by Huali Group (华立集团), the company IPO'd on the Shanghai Stock Exchange (stock code: 603186) in January 2017 and operates production bases in Hangzhou, Zhuhai, and Yangzhou with 1,001–5,000 employees. Its CCL portfolio spans standard FR-4 products through high-frequency PTFE laminates (Dk 2.20–2.98), ultra-low-loss high-speed materials (HSD8 at Df 0.0012), thermally conductive metal substrates (up to 4.0 W/m·K), and BT resin-based semiconductor substrates for Mini/Micro LED and IC packaging. The composite materials unit produces the HolyPan thermoplastic PP honeycomb panel brand and, via subsidiary Zhongji Automobile, finished refrigerated and dry-cargo trucks. Aluminum-plastic films (W1C-113, W1T-113, W1P-113) serve soft-pack lithium battery applications. End markets include 5G communications, cloud computing, automotive electronics (ADAS radar, EV power modules), new energy batteries, LED display, medical equipment, and rail transit.

The company operates a B2B enterprise field-sales model with direct relationships to OEMs and tier-one manufacturers; pricing is quote-based and not publicly disclosed. R&D is anchored by a National Enterprise Technology Center (Batch 27, 2020) and an 800+ sqm CNAS-accredited laboratory. The company maintains a broad compliance footprint (ISO9001/14001/45001, IATF16949, IRIS, QC080000) across multiple subsidiaries and holds a China Famous Trademark. Vertically integrated from material formulation through finished refrigerated vehicles, Wazam monetizes through hardware sales of specialty materials and components rather than software or licensing.

Name

Wazam

Legal name

浙江华正新材料股份有限公司

Website

https://en.wazam.com.cn

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Zhejiang Huazheng New Materials (Wazam) is a publicly listed Chinese manufacturer of high-performance copper clad laminates, thermoplastic composite panels (HolyPan), and aluminum-plastic films for lithium batteries, serving 5G, automotive electronics, and new energy OEMs.

Ownership category

akta.pro rank

Product category

Electronic Materials (Copper Clad Laminates, Composite Materials, and Aluminum-Plastic Films)

NAICS

Plastics Packaging Film and Sheet (including Laminated) Manufacturing (326112)

SIC

Unsupported Plastics Film & Sheet (3081), Plastics Foam Products (3086)

akta.pro primary industry

PCB Materials & Laminates (Copper Clad, Prepreg, Cores) (HDAHAOAJ)

akta.pro secondary industries

Plastic Films & Laminated Packaging Structures Manufacturing (IMANAEAD), Coated & Laminated Base Fabric Mills (Pre-finish Substrates) (IMAOABAI)

Keywords

• Copper clad laminate
• High-frequency PCB materials
• Thermoplastic honeycomb panels
• Aluminum-plastic film batteries
• BT substrate semiconductor materials

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. High-Performance Copper Clad Materials (CCL): Design, R&D, production and sales of high-performance copper clad laminate materials used in 5G communication base station signal exchange systems, cloud computing storage systems, and automotive applications. Revenue from direct B2B material sales.
2. Functional Composite Materials: Production and sales of thermoplastic honeycomb panels (HolyPan) for transportation logistics, including refrigerated trucks and dry cargo vehicles. Includes both panel materials and finished vehicle products through subsidiary Zhongji Automobile.
3. Aluminum-Plastic Composite Films for Lithium Battery Soft Covers: Manufacturing and sales of aluminum-plastic film energy materials for lithium battery soft-pack applications, serving new energy battery markets.
4. Specialty Materials (High-Frequency, High-Speed, Semiconductor): Specialty CCL products including high-frequency materials (PTFE-based, thermosetting resin systems), high-speed low-loss materials (from mid-loss to extreme low-loss), and semiconductor BT substrate materials for advanced packaging.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Wazam designs, manufactures, and sells high-performance copper clad laminate (CCL) materials — including FR-4, high-speed, high-frequency, heat-conducting, BT-resin semiconductor, and HDI grades — for 5G base stations, cloud computing, automotive electronics, and LED/IC packaging. It also produces HolyPan thermoplastic PP-honeycomb composite panels and refrigerated truck bodies for logistics customers (KFC, Walmart, SF Express), and 113-series aluminum-plastic composite films for soft-pack lithium batteries. All products are sold B2B to industrial manufacturers through direct sales and a domestic dealer network for finished vehicles.

Product overview

Zhejiang Wazam New Materials Co., Ltd. (华正新材) is a high-tech enterprise held by Huali Group, established in 2003 and listed on Shanghai Stock Exchange in January 2017 (stock code: 603186). The company operates as a comprehensive new materials platform offering three main product categories: (1) Copper Clad Laminates (CCL) covering basic materials, high-frequency materials, high-speed materials, heat-conducting materials, semiconductor materials, and HDI materials for 5G communications, cloud computing, automotive electronics, and IoT applications; (2) Composite Materials including thermoplastic honeycomb cores (PP蜂窝芯), HolyPan composite panels for vehicle bodies, and refrigerated trucks (中骥冷藏车); and (3) Aluminum-plastic Films for lithium battery soft pack applications. The product portfolio includes specific material series such as H140, H150, H160, H170, H175, H1170, H2600, HSD, H350, H360, HA, HC, HN, HB, HW, and HolyPan, serving diverse markets including 5G base stations, automotive millimeter wave radar, medical equipment, rail transit, and new energy batteries.

Differentiator

Problem solved

Functional benefit

Brands

• HolyPan: Glass fiber reinforced polypropylene honeycomb composite board used for dry cargo truck bodies and other applications
• 中骥
• W1C/W1T/W1P

Products and services

• High-Performance Copper Clad Laminate (CCL) Materials

Quantifiable outcome

• HolyPan body weight reduction enables higher payload and significantly reduced fuel consumption for commercial vehicles
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Emerging players

• Shanghai Putailai New Energy Technology: Shanghai Putailai is a Chinese supplier of battery materials including aluminum-plastic films and anode materials. Comparable to Wazam's aluminum-plastic film business and competing in the Chinese lithium battery supply chain.

Direct peers

• Resonac (formerly Showa Denko): Resonac is a major Japanese materials supplier producing aluminum-plastic films for lithium battery packaging and specialty CCL materials. Directly comparable to Wazam's aluminum-plastic film and CCL portfolio.
• Shengyi Technology: Shengyi Technology is the largest copper clad laminate (CCL) manufacturer in China and one of the global leaders. It competes directly with Wazam in CC
• Kingboard Laminates: Kingboard Laminates is a major Hong Kong-listed CCL manufacturer with leading scale in basic and mid-range CCL. Directly comparable to Wazam's commodity and mid-tier CCL offerings in the China and global markets.
• Isola Group: Isola is a global manufacturer of high-speed and high-frequency CCL materials for server, networking, and aerospace applications. Directly comparable to Wazam's ultra-low-loss HSD series and high-speed CCL products.
• Rogers Corporation: Rogers Corporation is a US-listed specialty materials company specializing in high-frequency CCL for 5G, aerospace, and automotive radar. Directly comparable to Wazam's high-frequency PTFE-based CCL products (H5220/H5255 series).
• DNP (Dai Nippon Printing): DNP is a leading global supplier of aluminum-plastic films for lithium battery soft-pack applications. Directly competes with Wazam's 113-series aluminum-plastic film products serving battery manufacturers.

Broad incumbents

• Panasonic Electronic Materials: Panasonic's electronic materials division produces CCL and PCB materials including high-frequency variants. Overlaps with Wazam's specialty CCL portfolio, but operates as part of a much larger, diversified electronics conglomerate.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance20 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Wazam