Hengtian Group

China Hengtian Group Co., Ltd. was originally a wholly state-owned large central enterprise under the supervision of the State-owned Assets Supervision and Administration Commission of the State Council, established in 1998. Since June 2017, it has been merged into China National Machinery Industry Corporation (SINOMACH) and become its largest wholly-owned subsidiary. Currently, China Hengtian owns 14 second-level wholly-owned and holding subsidiaries, 3 domestic and overseas listed companies, and employs 40,000 people, with member enterprises distributed across more than 20 provinces, municipalities, and autonomous regions in China, as well as nearly 20 countries and regions overseas. It has become a large enterprise group with a stable asset scale of around 90 billion yuan and a profit scale of about 3 billion yuan. Since its establishment, Hengtian Group has integrated multiple domestic and overseas enterprises in textile machinery, commercial vehicles, fiber materials, textile and apparel, financial trust, and other fields through methods such as equity transfer, merger and acquisition, restructuring, and strategic cooperation, forming and stabilizing its business layout in textile equipment, commercial vehicles and engineering machinery, textile trade, new fiber materials, and financial investment, with rapidly strengthened scale and expanding business scope. Among them, textile equipment is the core main business of the group, ranking first in comprehensive domestic strength, globally largest in business scale, and globally strongest in complete-set capabilities, with strong industry influence and discourse power; the textile trade business has a strong market position and influence within segmented industries, with continuously extended trade industry chains, active promotion of O2O online trading platforms, and significantly improved international operations and management; the new materials business has completed the planning and technology reserves for new fiber products such as Lyocell, Modal, polylactic acid, and carbon fiber, actively promoted capacity construction, and formed advantages in production equipment, technology R&D, and engineering design; the commercial vehicle and engineering machinery business has certain visibility in segmented markets, and the new energy vehicle business has achieved rapid development, becoming one of the domestic new energy vehicle enterprise groups with the most complete product types and qualifications; the financial investment business has gradually developed into a comprehensive financial business sector covering trusts, securities investment, financial leasing, private equity funds, and a multifunctional new financial pattern for Hengtian is gradually taking shape. With the mission of "Benefiting the people, Reaching the world with integrity", Hengtian Group adheres to the core values of "Performance, Rules, Integrity" and the corporate spirit of "Collaboration, Innovation, Excellence", striving to build itself into an internationally competitive first-class enterprise.