Nanjing Coastal Materials Industry

Chairman Xu Xin is the top decision-maker for the firm's venture activities, with Xiang Renfei managing the operational side of Huade County Mengyu Ferroalloy, the subsidiary that likely generates the industrial cash flow deployed into investments. Investment committee structure is not publicly documented, but strategic partners Shenye Group and Gree Group are linked through the Coastal Innovation Center ecosystem, suggesting collaborative influence on deal selection.

The firm sources through the Coastal Innovation Center, a commercial platform in Nanjing's Jiangbei New District, combined with Xu Xin's participation in the Nanjing Sheyang Chamber of Commerce. Strategic alignments with Shenye Group and Gree Group provide additional pipeline access, favoring a relationship-driven, ecosystem-based origination model over broad auction processes.

It operates as a corporate investor — distinct from both a single-family office and a pure venture-capital firm. The balance sheet draws on industrial operating assets including ferroalloy and steel inventory, while the investment mandate spans seed through late-stage venture. The hybrid structure resembles a Chinese-style holding company that channels operating-entity cash flow into external equity investments.

The firm's strategy covers multiple stages: early stage including seed and start-up, expansion and late-stage rounds, and general venture. This breadth suggests it does not limit itself to a single entry point and can follow portfolio companies across their lifecycle.

No explicit negative sector list has been published. The firm's industrial roots point toward a natural affinity for industrial technology and materials, and the Coastal Innovation Center real estate footprint suggests real estate exposure. The strategic partners, which include a real estate group (Shenye) and a diversified industrial conglomerate (Gree), reinforce these likely sector concentrations.