Recently, our company has completed a financing of over 50 million RMB, and this round of financing is exclusively invested by Shenzhen Innovation Investment Group Co., Ltd. (hereinafter referred to as "Shenzhen Venture Capital"). Shenzhen Venture Capital is currently the largest local venture capital institution in China. It was founded by the Shenzhen Municipal Government and guided by social capital. At present, it manages more than 400 billion yuan of various funds, and accumulatively invests in more than 200 listed companies.
Shenzhen Venture Capital highly recognizes the steady development of Haimingrun and is full of confidence in its future. The income from this round of investment will mainly be used to accelerate the development of Haimingrun in various aspects such as new product research and development layout, mass production, equipment upgrading, and sales channel integration.
Haimingrun was founded in 2000, and its core team members are all elites in the field. The company has formulated a medium to long-term development strategy, diversified its business, and covered a wide range of segmented fields. At present, the product has completed diversified layouts for applications such as oil and gas drilling and extraction, precision machining, and diamond tools, and is widely used in mining, coal mining, road engineering, and other industries.
As one of the leading companies in the field of superhard materials in China, Haimingrun has 20 years of strong technological accumulation in the superhard materials field. The use of composite disc (PDC) technology in oil and gas drilling has always been at the forefront of the world, breaking the monopoly of European and American companies in high-end products, achieving domestic substitution of high-end products, and relying on the many advantages of the product itself, it is widely favored by major world-class enterprises in practical applications.
Over the past decade of conducting business in the international market, Haimingrun has also encountered many challenges. With the perfect victory of Haimingrun in the US 337 lawsuit, patent barriers have been cleared, and it will accelerate its expansion in the international market.
The investment of Shenzhen Venture Capital, technological breakthroughs of Haimingrun, import substitution, and expansion of the international market will all contribute to the rapid development of Haimingrun's performance. In the future, Haimingrun will further focus on product research and innovation, continuously explore the application of superhard materials, consolidate its position in the field of oil and gas drilling and production, accelerate its development towards high-precision processing, promote the construction and implementation of global commercial channels, and strive to become a leading comprehensive service provider of superhard materials worldwide.