Injecting New Momentum | HySum Completes Full Acquisition of Thriving to Expand New Material Application
On July 3, 2025, HySum, a leading company in pharmaceutical Packaging and composite materials, signed an agreement to acquire 100% equity of Suzhou Thriving New Material Technology Co., Ltd. from Caprock (Suzhou) Materials Technology Co., Ltd. for RMB 7.8 million.
- Accelerating the expansion of electronic film materials
- With broader applications in consumer electronics and the semiconductor sector
- Deepening the company's diversified strategic layout
- Enabling more effective support for customers’ rapid growth
- Offering them a wider range of tailored solutions
Focusing on Electronic Materials Technology
Suzhou Thriving was founded in November 2021 with a registered capital of RMB 6.5 million. The company primarily engages in Packaging Technology services and sales for electronic components, rubber, and plastic products.
It operates mature production lines and possesses a well-established material technology chain in fields such as new energy and electronic packaging.
Strengthening Synergies Across the Industrial Chain
This acquisition will integrate Thriving’s production resources in the electronic materials sector with HySum’s existing R&D capabilities in high-barrier film technology, creating synergies to drive the development of new products such as functional electronic materials and semiconductor packaging materials. Upon completion of the transaction, Thriving will be consolidated into HySum’s financial statements as part of the listed company.
Following the integration, the company is expected to respond more efficiently to customer demands for high-performance film materials in advanced application areas such as consumer electronics and semiconductors.
This will enhance HySum’s capability to deliver more comprehensive and competitive new packaging solutions for its clients—particularly in the fast-growing, high-potential electronic materials market—supporting improvements in product performance and driving innovation for its customers.
Strategic Expansion with Controllable Risk
The company stated that this investment aligns with its long-term strategic plan. However, the expansion into new business areas carries risks related to market dynamics, technological challenges, and industry competition. Going forward, HySum will steadily advance the industrial application of electronic film materials in the consumer electronics and semiconductor sectors through resource integration and refined management.