Puyang Huicheng Electronic Material

What Puyang Huicheng Electronic Material does

Puyang Huicheng Electronic Material Co., Ltd. (濮阳惠成电子材料股份有限公司) is a Chinese specialty chemical manufacturer founded in 2002 and headquartered in the National Puyang Economic and Technological Development Zone, Henan Province. The company specializes in research, development, and industrial-scale production of maleic anhydride derivatives (顺酐酸酐衍生物), including tetrahydrophthalic anhydride, hexahydrophthalic anhydride, methyl tetrahydrophthalic anhydride, methyl hexahydrophthalic anhydride, nadic anhydride, and methyl nadic anhydride, alongside fluorene compounds (芴类), hydrogenated bisphenol A, succinic anhydride, and modified anhydride formulations. Its products function primarily as epoxy resin curing agents, polyester resin raw materials, plasticizers, and pharmaceutical intermediates, serving applications in electronic component encapsulation (LED, OLED, integrated circuits, semiconductor sealing), electrical insulation (motors, dry-type transformers, high-voltage switches, capacitors, outdoor insulators), coatings, composite materials, and pharmaceutical synthesis. The company's proprietary production methods, including mixed C4-fraction-based hexahydrophthalic anhydride and mixed C5-fraction-based methyl nadic anhydride processes, filled domestic industrial gaps previously dependent on imports, and have been recognized with the 16th China Patent Excellence Award and international patents granted in South Korea.

The company operates on a direct-sales B2B model with self-operated import/export rights, exporting approximately 60% of its production to enterprise customers across Europe, the United States, Southeast Asia, Korea, and Japan. Named international customers include Huntsman, Degussa, Canon, and Epson, with Canon and Epson having granted repeated 'Best Supplier' recognition for packaging materials quality. Domestically, the company serves a diversified customer base spanning electronics/optoelectronics, military/power, coatings/plastics/composites, and pharmaceutical segments. Revenue is generated primarily through one-time industrial chemical sales with quote-based pricing, supplemented by custom synthesis and technical services. The 172-acre Puyang production base spans three construction phases (2008, 2011, 2012), and capacity was further extended through the 2020 full acquisition of Shandong Qingyang New Materials Co., Ltd. The company is publicly listed on the Shenzhen Stock Exchange ChiNext Board (stock code 300481) since June 30, 2015, and holds ISO 9001:2015, ISO 14001:2015, OHSAS 18001, EU REACH, and CNAS certifications. It has earned multiple national recognitions, including National Manufacturing Single Champion Enterprise (2025), National Intellectual Property Demonstration Enterprise (2022), Specialized and Innovative 'Little Giant' Enterprise (2021), National Green Factory (2018), and 16th China Patent Excellence Award (2014).

Name

Puyang Huicheng Electronic Material

Legal name

濮阳惠成电子材料股份有限公司

Website

https://huichengchem.com

Company type

Public

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Puyang Huicheng Electronic Material (濮阳惠成电子材料股份有限公司) is a Chinese specialty chemicals manufacturer of maleic anhydride derivatives, hydrogenated bisphenol A, and fluorene compounds serving electronics, electrical equipment, coatings, composites, and pharmaceutical customers globally via direct sales with approximately 60% exported.

Ownership category

akta.pro rank

Product category

Specialty Chemicals (Anhydride Derivatives)

NAICS

Resin and Synthetic Rubber Manufacturing (32521), Resin, Synthetic Rubber, and Artificial and Synthetic Fibers and Filaments Manufacturing (3252)

SIC

Industrial Organic Chemicals (2860), Plastic Materials, Synth Resins & Nonvulcan Elastomers (2821), Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) (2820)

akta.pro primary industry

Adhesives & Sealants Chemicals (IMAEABAA)

Keywords

• Anhydride curing agents
• Epoxy resin curing
• Maleic anhydride derivatives
• Specialty fine chemicals
• Electronic encapsulation materials

Headquarters

HQ city

Puyang

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Sale of anhydride derivatives and fine chemicals: Primary revenue from manufacturing and selling maleic anhydride derivatives (顺酐酸酐衍生物) including tetrahydrophthalic anhydride, hexahydrophthalic anhydride, methyl tetrahydrophthalic anhydride, methyl hexahydrophthalic anhydride, nadic anhydride, methyl nadic anhydride, and fluorene compounds (芴类) used as electronic encapsulation materials, electrical insulation materials, coatings, and composite materials. Approximately 60% of products are exported.
2. Custom synthesis and R&D services: Company provides custom synthesis and technical services related to its chemical products.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Puyang Huicheng Electronic Material manufactures and sells maleic anhydride derivatives, primarily a range of cyclic anhydrides including tetrahydrophthalic anhydride, hexahydrophthalic anhydride, methyl tetrahydrophthalic anhydride, methyl hexahydrophthalic anhydride, nadic anhydride, methyl nadic anhydride, succinic anhydride, and hydrogenated bisphenol A. These products are used as epoxy resin curing agents, unsaturated polyester resin raw materials, plasticizers, and pharmaceutical intermediates for electronics, coatings, composites, and pharmaceutical customers.

Product overview

Puyang Huicheng Electronic Material is a specialty chemical manufacturer offering a focused portfolio of anhydride and anhydride derivative products, alongside fine chemicals. The product lineup centers on seven series of anhydride-based chemical intermediates — primarily tetrahydrophthalic anhydride, hexahydrophthalic anhydride, methyl tetrahydrophthalic anhydride, methyl hexahydrophthalic anhydride, nadic anhydride, and methyl nadic anhydride — which function as epoxy resin curing agents, polyester resin raw materials, plasticizers, and pharmaceutical intermediates. Supporting products include succinic anhydride, hydrogenated bisphenol A, and modified anhydride formulations. The company is one of the largest domestic producers of maleic anhydride derivatives in China, with products widely applied in electronic component packaging, electrical insulation materials, coatings, composites, and pharmaceutical synthesis.

Differentiator

Problem solved

Functional benefit

Products and services

• Tetrahydrophthalic Anhydride
• Hexahydrophthalic Anhydride
• Methyl Tetrahydrophthalic Anhydride
• Methyl Hexahydrophthalic Anhydride
• Nadic Anhydride
• Methyl Nadic Anhydride
• Succinic Anhydride
• Hydrogenated Bisphenol A
• Modified Methyl Tetrahydrophthalic Anhydride
• 3,4,5,6-Tetrahydrophthalic Anhydride

Quantifiable outcome

• Products fill domestic industrial production gaps, reducing import dependence for hexahydrophthalic anhydride and nadic anhydride in China

Named customers4 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

One partnership is on record.

• Shandong Qingyang New Materials Co., Ltd. (山东清洋新材料有限公司)coreOthers · 3 January 2020Company fully acquired Shandong Qingyang New Materials Co., Ltd. as a wholly-owned subsidiary, expanding the company's production capacity and market reach in the new materials sector.

Scale indicators6 records

Recent moves13 records

Expansion highlights6 records

Broad incumbents

• Mitsubishi Chemical Group: Japanese chemicals conglomerate with broad specialty chemicals, intermediates, and advanced materials businesses. Overlaps with Puyang Huicheng in specialty intermediates and electronics materials but at vastly larger scale.
• Olin Corporation: US chemicals manufacturer with significant epoxy resins business serving coatings, composites, and electronics. Broad incumbent in epoxy systems with chemistry overlap in curing agents.
• Huntsman Corporation: US-based global specialty chemicals producer with leading positions in epoxy systems, polyurethanes, and performance products. Both a customer and adjacent competitor with broader chemistry portfolio.
• Evonik Industries: German specialty chemicals major with broad portfolio including specialty intermediates and additives for coatings, electronics, and composites. Already a customer (Degussa brand) of Puyang Huicheng, demonstrating direct technology overlap.
• Westlake Epoxy (formerly Hexion): Global leader in epoxy resins, curing agents, and adhesives serving electronics, wind, aerospace, and coatings. Overlaps in curing agent chemistry but at much larger scale and broader product portfolio.

Direct peers

• Polynt-Reichhold: Global specialty chemicals producer of maleic and specialty anhydrides, unsaturated polyester resins, and epoxy curing agents serving coatings, composites, and electronics. Most directly comparable product portfolio and end-market overlap with Puyang Huicheng.
• DIC Corporation: Japanese specialty chemicals company producing epoxy curing agents, pigments, and performance materials for electronics, coatings, and printing. Comparable in anhydride/curing agent chemistry serving similar Japanese and Asian electronics customers.
• Nippon Kayaku: Japanese specialty chemicals maker with epoxy curing agents and functional chemicals for electronics and aerospace. Comparable chemistry platform and electronics customer base in Japan and broader Asia.
• Kukdo Chemical: Korean manufacturer of epoxy resins and curing agents serving electronics, coatings, and adhesives. Comparable Asian regional peer with overlapping anhydride/epoxy product range and shared export markets.
• Aditya Birla Chemicals (Thai Epoxy / Advance Composites): Indian/Thai manufacturer of epoxy resins and curing agents serving electronics, coatings, and composites. Comparable product platform with focus on Asian export markets similar to Puyang Huicheng.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/puyang-huicheng-electronic-material-co-ltd

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

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 Puyang Huicheng Electronic Material