NANTONG GOLDEN WRAPPING MATERIALS CO., LTD.，

Introduction

Nantong Golden Wrapping Materials Co., Ltd. (南通金丝楠膜材料有限公司) is a Chinese special-functional film manufacturer based in Qidong, Nantong, Jiangsu Province, and is part of the Golden Wrapping platform associated with Oriental Yuhong. The company was established on 15 September 2020, has a registered capital of RMB 285 million, and operates as a high-tech materials enterprise focused on the research, development, production, sales, and service of films used in packaging, building materials, photovoltaics, and related industrial applications.

The company’s business profile places it within the broader plastics processing sector, with a product portfolio that includes BOPP, BOPE, CPP, release films, barrier films, composite films, photovoltaic encapsulation films, and building waterproof films. Public materials also describe production lines and technical capabilities for EVA, POE, and EPE photovoltaic encapsulation films, as well as functional packaging films such as PE and PP cast films, indicating a mix of conventional polymer film processing and application-specific material engineering.

History and Development

Nantong Golden Wrapping Materials was founded in 2020 as a wholly owned subsidiary of Beijing Oriental Yuhong Waterproof Technology Co., Ltd., reflecting Oriental Yuhong’s expansion from building waterproofing into film materials and related new-materials businesses.

A major early development was the launch of a large-scale film materials project in Qidong, where company filings describe an industrial site of 187,194 m² and a construction program for annual functional film capacity, including a reported 13.5万吨 project and later capacity expansion documentation. This suggests a staged buildout rather than a single-line startup, which is common in capital-intensive film manufacturing.

By 2022, public technical coverage described the arrival and installation of the company’s photovoltaic encapsulation film production equipment, with the line designed to produce multiple formulations including anti-PID high-transmittance EVA, high-cutoff EVA, white EVA, POE, and EPE products. Company disclosures also indicate that at least part of the production system had entered acceptance and operation, including PE film and PP cast film capacity.

In 2023, the company was listed among Nantong’s proposed innovative small and medium-sized enterprises, and it was also included in Jiangsu’s high-tech enterprise filing list, reflecting recognition of its technology-oriented positioning.

Business Operations and Segments

The company’s business is concentrated in industrial film manufacturing, with operations spanning both packaging and construction-related functional films.

• Photovoltaic materials
• Packaging films
• Building waterproof and protective films
• Special industrial films
• Film-related technical services and trade

Its public descriptions emphasize an integrated model covering R&D, production, sales, and service, supported by an independent R&D center and collaborative innovation resources within the broader Golden Wrapping/Oriental Yuhong group structure.

The company is also active in import and export business for goods and technology, consistent with a manufacturing operation that may procure equipment, additives, and raw materials internationally while serving domestic and overseas customers.

Products and Technologies

The company’s product structure spans several polymer film families used in different downstream markets.

Golden Wrapping’s product descriptions indicate use of blown film, cast film, and biaxial orientation-based technologies, which are standard but technically distinct routes in plastic film manufacturing. The company also states that it has developed films for high-temperature cooking food packaging and other demanding uses, implying performance requirements related to thermal stability, adhesion, barrier performance, and process consistency.

Its photovoltaic encapsulation films are especially notable because this segment requires long-term weatherability, adhesion, electrical insulation, and in some cases enhanced acid resistance and moisture barrier performance. Public descriptions specifically mention N-type module compatibility and materials designed for water resistance, corrosion resistance, and long-term reliability.

Applications and End Markets

The company serves several downstream markets that are central to the plastics and advanced materials industry.

• Food packaging
• Industrial packaging
• Solar photovoltaic modules
• Waterproof building materials
• Building and construction
• Electronic die-cutting and surface protection
• Agricultural film applications, including greenhouse and related uses

Its filings and promotional materials indicate that the company’s products are intended to support strategic sectors such as packaging, building materials, and electronics, while also addressing the growth of new energy applications through photovoltaic film products.

Global Presence and Market Position

Available information suggests that Nantong Golden Wrapping Materials is a domestically anchored Chinese manufacturer with export activity rather than a globally distributed multinational producer. Trade-database records and product references indicate international commerce in film categories such as BOPP film, with overseas trade links reportedly including markets in India, Bangladesh, and the Philippines.

Within China’s plastics film industry, the company appears positioned as a specialty functional film supplier rather than a commodity resin producer. Its competitive differentiation lies in combining application-specific film development with group-level support from Oriental Yuhong, particularly in construction-related material channels and photovoltaic materials.

Sustainability and Environmental Initiatives

The company’s public materials frame its strategy around green, low-carbon, and sustainable development. This is aligned with broader industry pressure to improve film recyclability, reduce material intensity, and expand high-value functional films that serve energy-saving or infrastructure applications.

Several of its stated product directions have environmental relevance:

• BOPE and other polyolefin films can support packaging structures that are easier to recycle than some mixed-material laminates, depending on final design and collection systems.
• Photovoltaic encapsulation films support the deployment of solar modules, which contributes indirectly to low-carbon energy infrastructure.
• Building waterproof films and related materials can contribute to building durability and resource efficiency.

At the same time, the company operates in a sector facing broader scrutiny over plastic waste, multilayer film complexity, and end-of-life recovery challenges. Its sustainability profile therefore depends not only on product claims but also on formulation choices, process efficiency, and downstream recyclability performance.

Financial Performance and Economic Impact

Publicly available disclosure from Oriental Yuhong reported that, as of 31 December 2022, Nantong Golden Wrapping Materials had total assets of approximately RMB 580.16 million, liabilities of approximately RMB 495.78 million, net assets of approximately RMB 84.38 million, revenue of approximately RMB 169.34 million, and a small net loss for the year.

Those figures indicate a company still in a scale-up phase, with substantial asset deployment relative to revenue, which is typical for a manufacturing business that is building and commissioning new production lines. The company also contributes regionally through industrial investment, employment, and participation in Nantong’s growing advanced materials cluster.

Leadership and Corporate Governance

Company and disclosure materials identify Liu Xiaojun as the legal representative in some filings, while other Oriental Yuhong disclosures list Han Zhongqiang in the same role at a different reporting date, indicating that governance details have changed over time or across filings. The company is described as a 100% owned subsidiary of Oriental Yuhong.

The company’s governance is closely tied to the parent group, which appears to provide financial backing, industrial integration, and access to technical and market resources. Its association with Oriental Yuhong also helps explain its diversification into films used in construction and solar-energy applications.

Innovations and Future Outlook

Nantong Golden Wrapping Materials has emphasized independent R&D, patent activity, and process development, and public patent records show at least one invention related to a special hot-melt film with a metallic luster. The company’s innovation pathway appears to focus on functional differentiation rather than basic film commodity production.

Likely areas of continued development include:

• PV encapsulation materials for next-generation solar modules
• High-barrier and composite films for packaging performance improvement
• BOPE and recyclable polyolefin structures for packaging sustainability
• Heat-resistant protective films and specialty surface films for industrial use
• Capacity ramp-up and process optimization for higher yield and product consistency

The company’s future position will depend on how effectively it can balance technical differentiation, cost control, module-grade quality, and sustainability expectations in a market where film performance requirements are tightening across packaging, construction, and solar industries.

References

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  CPS+ eMarketplace. (n.d.). NANTONG GOLDEN WRAPPING MATERIALS CO., LTD.，NANTONG GOLDEN WRAPPING MATERIALS CO., LTD.，. CPS+ eMarketplace. https://www.chinaplasonline.com/eMarketplace/ExhibitorInfo?CompId=1027323Link