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Development History

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In February 1995, "Gongyi City Hengxing Metal Products Co., Ltd." was established in Jiaowan Village, Kangdian Town, Gongyi City, Henan Province.

In January 2002, company was about to building the new plants for the new projects of rubber hose wire and radial tire steel cords production lines.

On July 8, 2002, the company's products were exported to Bangladesh, with its first export products in a total of 10 tons shipped on September 12, which marked the company's products entered into the international market, laying a solid foundation the future export business.

On August 26, 2002, the company's galvanized steel wire and steel strand for aluminum cable steel reinforced use won the bidding of main Changzhou and Longquan road segments of The Three Gorges project.

On March 12, 2003, the company signed an equipment purchase agreement with a German cord equipment manufacturer.

In the morning of October 11, 2003, groundbreaking ceremony for 20,000 tons of steel cord expansion project of the company was held in the Industrial Park.

On November 30, 2003, the company held a signing ceremony for the introduction of electroplating production lines from the German Shidao Road Logistics Co., Ltd.

In March 2004, the company was restructured into Henan Hengxing Technology Co., Ltd., subordinated three subsidiaries, with the registered capital of RMB 120 million and the total assets of RMB 560 million.

At 8:00 AM, November 1, 2004, the ribbon-cutting ceremony for the road was held in the New Industrial Park. So far, the Chuangye Avenue in the park was officially opened to traffic.

On December 8, 2004, the company was officially put on record in Henan Province Securities Regulatory Bureau, entering into the period of pre-listing tutoring.

In January 2005, the company was rated as "excellent private enterprise in Henan Province".

On March 20, 2007, Hengxing Technology had stock issuing and listing passed the approval of Issuance examination Committee of China Securities Regulatory Commission. On April 19, the stock distribution work was completed. On April 27, Hengxing Technology was officially listed on the Shenzhen Stock Exchange, raising funds of RMB 320 million for the first time in the capital market. So far, Hengxing Technology fulfilled the dream of listing, marking Hengxing Technology had entered a new historical stage of development, and standing on a new starting line again.

On February 22, 2009, the newly formed company 300,000 tons of prestressed cable construction project broke ground; on June 1, 2009, Hengxing steel cable Phase 1 project went into operation, in totally 110 days from starting to putting into operation created a miracle of the company.

On March 16, 2009, the electroplating production line at the world's leading technical level the company introduced from abroad was put into operation successfully.

On March 26, 2009, People's Daily, Guangming Daily, Economic Daily, China National Radio, China News Service, Henan Daily Daily, Dahe, Henan Business Daily, Henan TV, Zhengzhou Daily, Zhengzhou Evening News, Zhengzhou TV and other news media, totally 22 media gathered in our company for thematic interview. During the interview, the Chairman of the company gave brief introduction of situation and answered numerous questions from reporters about measures on how to deal with the financial crisis.

On June 12, 2009, "Hengxing hall" integrating meeting room theater, restaurant and other functions into one and a high standard configuration of "Hengxing staff apartments" to which the company invested RMB 14 million put into use.

On July 1, 2009, 35 undergraduates, postgraduates, MBA and 09 session graduating students the company recruited from more than 20 institutions of higher education including the People's University, Zhengzhou University, Henan University, Xi'an University of Science and Technology, Chengdu University and Northwestern University came to report. The next day, the company held a grand welcome ceremony, where the Chairman made a warm welcome speech.

On March 1, 2010, Hengxing steel cable successfully won the bidding of Level A-control material procurement project for passenger dedicated railway line from Xi'an to Baoji, with a biding number of 3339 tons. It was the first time since the establishment for the company to involve into the national key construction project of high-speed rail.

In June 2010, the company completed the private placement of 25.3179 million shares. The net funds of RMB 237 million the company raised were used for 20,000 tons/year of high-grade radial tire steel cord expansion project, to enhance the size of the steel cord and the cost advantage.

In September 2010, our products "radial tire steel cord," "galvanized steel wire for aluminum cable steel reinforced use" and "galvanized steel strand for aluminum cable steel reinforced use" won the "brand-name products in Henan Province "honorary title.

In October 2010, the company successfully developed ultra-fine steel wire for silicon wafer cutting use, which was mainly used as an auxiliary upstream PV material, high in technology content, great in value, marking the company began to get involved in new energy fields.

At 11:00 AM, January 11, 2011, our new office inauguration ceremony was held at the square in front of the new office building.

On February 9, 2011, our solar photovoltaic project groundbreaking ceremony was held in High-tech Park, Gongyi City, which was presided over by the Mayor of Gongyi city Zhang Chunyang. The Chairman introduced the construction project at the ceremony, Zhengzhou Municipal Committee member, Party Committee member and Gongyi City Party secretary Li Gongle made an important speech, and Henan Provincial Committee member and Zhengzhou Municipal Party Committee secretary Lian Weiliang gave the order to commence and laid a foundation for the project.

In August 2012, following Henan Hengxing Steel Cable Co., Ltd., another subsidiary of the company - "Henan Hengxing Hydraulic Co., Ltd." made a brilliant debut, and had a successful trial production.

On November 6, 2012, the company was recognized as the key high-tech enterprise of 2012 National Torch Plan.

In May 2013, the company's subsidiary - "Henan Hengxing Coal Mine Machinery Co., Ltd." was officially put into operation.

In September 2013, shares placement work of the company was started; in September 2014, it was approved by the China Securities Regulatory Commission; in April 2015, the company raised RMB 600 million of funds from the capital market, marking the success of this placement, which was conducive to a sustainable and healthy future development of the company and further enhanced the company's overall profitability.

In November 2014, the company's "Hengxing and map" trademark was identified as Chinese well-known trademark, which was an important milestone in my company's intellectual property strategic development.

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Development History