What smart money is saying about Hangzhou First Applied Material
1 fund in our archive has pitched Hangzhou First Applied Material — most recently Guinness China A Share in March 2026.
Hangzhou First Applied Material Co., Ltd. designs, develops, manufactures, and sells solar battery encapsulation materials in China. The company offers encapsulant EVA films, polyolefin films, and back-sheet materials for PV modules; dry film photoresists and flexible copper clad laminates; aluminum laminated films; silicone encapsulant for LED; and co-polyamide hot melt web, a double-sided adhesive non-woven fabric used in the bonding of fabric, leather, metal, plastic, microfiber, non-woven fabric, wood, paper, and other materials. It also exports its products. The company was formerly known as Hangzhou First PV Material Co., Ltd. and changed its name to Hangzhou First Applied Material Co., Ltd. in March 2017. The company was founded in 2003 and is based in Hangzhou, China. Hangzhou First Applied Material Co., Ltd. was formerly a subsidiary of Hangzhou First Technology Group Co., Ltd.
Position history
Between Q1 2026 and Q3 2026, 2 fund letters reported a position in Hangzhou First Applied Material, with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 1 | 0 | 0 | 0 |
| Q2 2026 | 1 | 0 | 0 | 0 |
| Q1 2026 | 0 | 0 | 0 | 1 |
Fund activity · 2 positions
- HoldsGuinness Greater China FundJuly 2026
“Year-to-date, the strongest stocks in the Fund were Elite Material, TSMC and Hangzhou First Applied.”
Read the letterHangzhou First Applied Material - HoldsGuinness Greater China FundJune 2026
Listed in Guinness Greater China Fund’s reported holdings.
Read the letterHangzhou First Applied Material
Fund coverage · 1 thesis
- Guinness China A ShareMarch 2026
Hangzhou First Applied Material is the leading solar encapsulation film maker benefiting from pricing power and potential market share gains as input cost pressures drive industry consolidation.
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