History
August 2021
From August to November 2021, the company has successively invested 899 million yuan in the construction of the ultra-fine diamond wire reconstruction and expansion project. After the project is put into operation, an annual production capacity of 46 million kilometers will be formed, which will comprehensively enhance the industry competitiveness and brand influence of the product.
July 20 2021
During the "July 20" torrential rain disaster in 2021, the company provided manpower and material resources in a timely manner to provide substantial assistance to the surrounding disaster-stricken people, and donated 5 million yuan for post-disaster reconstruction work.
April 2021
In April 2021, the company’s non-public offering of shares has obtained the standards of the China Securities Regulatory Commission. The total amount raised in this additional issuance is 638 million yuan, which is mainly used for the reconstruction and expansion projects of special steel wire products such as alloy coated steel strands and PC steel strands.
August 2020
In August 2020, Shanghai Hengyude Industrial Co., Ltd was founded. Being a 100% invested and wholly owned subsidiary of Hengxing Group, Hengyude was tasked to be the Group’s sword and shield in multiple frontiers, including but not limited to private equity, international trade, financing, mergers & acquisition and etc.
June 2020
In June 2020, Guangxi Free Trade Zone Baochang Lianda New Material Co., Ltd. was established, and the "200,000-ton annual output of prestressed steel strand project" with a total investment of 260 million yuan was officially launched in the China-Malaysia Qinzhou Industrial Park in Guangxi Free Trade Zone.
May 2019
In May 2019, Inner Mongolia Hengxing Chemical's "annual production of 120,000 tons of high-performance silicone polymer" project officially started.
March 2018
In March 2018, the company's "annual output of 50,000 tons of high-end intelligent steel cord manufacturing project" was successfully launched. Through the construction of traceable intelligent identification, automatic packaging and other systems for the whole process of steel cord, the level of intelligent steel cord manufacturing has been comprehensively improved.
February 2016
In February 2016, the company's annual output of 90,000 tons of steel cord and ultra-fine steel wire product relocation and technical transformation project was successfully started in the high-end equipment manufacturing park in Gongyi City.
September 2016
In September 2016, the company successfully issued 195,688,500 ordinary shares (A shares), and a total of 7 institutions (natural persons) participated in the fixed increase, raising a total of 968,658,000 yuan of funds, and successfully completed the "annual production of 9 million kilometers of ultra-fine diamond wire project" Private placement.
August 2016
In August 2016, in order to maximize the use of the company's assets, the company planned to use the imported crystal silicon slicer to restart the photovoltaic slice project, and invested 240 million yuan to build a new polysilicon slice project with an annual output of 50 million pieces in the high-tech park of Gongyi City. The start-up and operation of the project marks the company's entry into the solar photovoltaic industry, realizing the simultaneous production of the company's ultra-fine steel wire, diamond wire and crystal silicon slices, and extending the company's industrial chain.
December 2015
In December 2015, under the premise of fully considering the future intelligent development needs and the preferential energy policies in the industrial park, the company planned the "relocation and upgrading project with an annual output of 90,000 tons of steel cord and ultra-fine steel wire". The project is located in Gongyi The city's high-end equipment manufacturing park covers an area of 300 mu. After the completion of the project, the annual sales revenue is expected to be 1.2 billion yuan, and the annual profit and tax will be 150 million yuan.
September 2015
In September 2015, the company's "annual output of 9 million KM ultra-fine diamond wire" project was launched. There are five series of PC steel strands, ultra-fine steel wires, and ultra-fine diamond wires, and the industrial layout covers the fields of new materials and new energy.
July 2015
In July 2015, the company's holding subsidiary "Hengxing Steel Cable" was changed into a joint stock limited company, which laid a solid foundation for the smooth entry into the new third board capital market.
November 2014
In November 2014, our company's "Xingxingjitu" trademark was recognized as a well-known trademark in China, which is another important milestone in the development of our company's intellectual property strategy.
September 2013
In September 2013, the company started allotment work, and in September 2014, it passed the review of the State Securities Regulatory Commission. In April 2015, the company raised 600 million yuan from the capital market, which further improved the company's overall profitability.
November 2012
In November 2012, our company was identified as a key high-tech enterprise of the National Torch Program by the Ministry of Science and Technology.
February 2011
In February 2011, the foundation stone laying ceremony of our company's annual production of 100MW silicon wafer solar photovoltaic project was held in Gongyi High-tech Park.
October 2010
In October 2010, the company successfully developed ultra-fine steel wire products for silicon wafer cutting. This product is mainly used as an auxiliary material in the upstream of photovoltaics.
June 2010
In June 2010, the company completed private placement of 25,317,900 shares, and the net raised funds of 237 million yuan were used for the expansion project of 20,000 tons/year steel cord for high-grade radial tires, which enhanced the scale and cost advantages of steel cord.
June 2009
In June 2009, our company invested 14 million yuan to build a new "Star Auditorium" integrating conferences, theaters, restaurants and other functions, and a "Star Staff Apartment" with high standard configurations, which were put into use.
February 2009
In February 2009, the company's annual output of 150,000 tons of prestressed steel strand project broke ground, and the product was put into production in early June. It took 110 days from the start of the project to the commissioning of the equipment, creating a stellar miracle.
June 2007
In June 2007, the company was jointly awarded "Top 500 Private Enterprises in China" by the "China Statistical Association" and "China Private Economy Federation".
April 2007
In April 2007, the company's stock was officially listed on the Shenzhen Stock Exchange, raising funds of 320 million yuan in the capital market, and became a private enterprise listed on the small and medium-sized enterprise sector in Henan Province.
November 2004
In November 2004, a ribbon-cutting ceremony was held for "Xingxing Avenue", a private economic pioneer park in Gongyi City built by the company with an advance of 16 million yuan, and the roads in the park were officially completed and opened to traffic.
March 2004
In March 2004, the company was restructured as a whole into Henan Hengxing Science & Technology Co., Ltd., with three holding subsidiaries under its jurisdiction and a registered capital of 120 million yuan.
October 2003
In October 2003, the company held the groundbreaking ceremony for the steel cord project with an annual output of 20,000 tons in the industrial park.
September 2002
In September 2002, the company's galvanized steel wire and steel strand products were exported to Bangladesh, which marked that the company's products had gone abroad and connected with the international market, laying a solid foundation for future export business.
June 2002
In June 2002, the company subsidized 4 million yuan to build four high-standard residential buildings and 120-hole Yan'an-style cave dwellings, enabling 200 poor villagers to move into farmers' apartments.
January 2002
In January 2002, the company's new projects of rubber hose steel wire and steel cord for radial tires began to be built, marking the company's entry into a new industry field.
February 1996
In February 1996, the company's first production line was completed and put into operation, and the galvanized steel wire products produced were successfully sold to Zhengzhou Cable Factory.
July 1995
In July 1995, the predecessor of Henan Hengxing Technology Co., Ltd. "Gongyi Hengxing Metal Products Co., Ltd." was established in Jiaowan Village, Kangdian Town, Gongyi City.