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Hengxing Listed in “China Top 500 Private Enterprises 2019”
2019.09.30 1264

The China Top 500 Private Enterprises Summit, jointly hosted by the All-China Federation of Industry and Commerce and Qinghai People's Government, kicked off in Xining on August 22, 2019. It unveiled the lists of "China Top 500 Private Enterprises", "Top 500 Chinese Manufacturing Enterprises" and "Top 100 Chinese Private Enterprises in Service Industry" plus research and analysis reports targeted at China Top 500 Private Enterprises. Xiamen Hengxing Group was placed the 484th in the "China Top 500 Private Enterprises" list.

Overview of "China Top 500 Private Enterprises" List

Gao Yunlong, vice chairman of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and chairman of the All-China Federation of Industry and Commerce (ACFIC) once said, "China's top 500 private enterprises epitomize booming private economy in the country. Throughout the lists over the past years, the entrance threshold for enterprises has been raised year by year. Companies in the list have rapidly expanded asset scale, grown profits steadily, and offered increasing social contributions. They have played a leading, driving and demonstrating role in the transformation and upgrading of private enterprises, bringing far-reaching impact on economic and social development. They have also become the vanguard of China's private enterprises to achieve high-quality development, a prominent symbol of growing private economy in the 40 years of reform and opening up, a key indicator for the world to observe China's economic development. ”


The "China Top 500 Private Enterprises" list this year shows that the entry threshold hits a record high to 18.586 billion yuan for the top 500 private enterprises this year, to 8.563 billion yuan for the top 500 private manufacturing enterprises, to 24.113 billion yuan for the top 100 private enterprises in service industry.


Super Large Companies Continue to Grow

The number of super large companies grows in the 2019 list. Huawei Investment & Holding Co., Ltd. tops the China Top 500 Private Enterprises this year, with operating revenue of 721.2 billion yuan, followed by HNA Group Co., Ltd. with operating revenue of 618.293 billion yuan as the second and Suning Holdings with 602.456 billion yuan the third. Amer International Group Limited, Evergrande Group, JD.com, Inc, Country Garden, Hengli Group, Legend Holdings and Gome Holdings are listed among the top tens. Statistics show the number of enterprises with an operating income of more than 300 billion yuan reached 12 in 2018, an increase of 3 over the previous year, while there were 76 enterprises with a total asset of over 100 billion yuan, an increase of 15 over the previous year.


22 Private Enterprises from Fujian

Among the list are 22 private enterprises from Fujian: Yango Longking Group, Zhengrong Group Co., Ltd., Qingtuo Group, Fusheng Group, Rong Qiao Group, Yonghui Superstores Co., Ltd., Yongrong Holding Group Co., Ltd., Highsun Group, Sansheng Holdings (Group) Co. Ltd., Rongxin Group, Tahoe Group, Chengtun Mining Group Co., Ltd., Fujian Jinlun Fiber Shareholding Company Limited, Contemporary Amperex Technology Co. Limited, Yuzhou Group, Anta Sports Products Limited, Fujian Dali Group Co., Ltd., HengAn International Group Co. Ltd., Sanbao Group, Fuyao Group, Sunner Group and Xiamen Hengxing Group.


Hengxing Placed in 484th

Xiamen Hengxing Group, founded in 1994, adheres to the core values of “integrity, responsibility, innovation and win-win” and commits itself to the goal of being a respected century-old enterprise. Over more than 20 years of steady development, Hengxing has grown into a large private enterprise that takes investment as the leading business but integrates mining, trade, asset management, cultural tourism, education and others, with its wholly-owned and controlled subsidiaries scattered in mainland China, Hong Kong, Vietnam and other countries and regions. With a total asset exceeding 17 billion yuan, Hengxing is now part of the China Top 500 Private Enterprises list and a member of China’s top 500 service companies, Fujian’s top 100 enterprises, Xiamen’s top 100 enterprises, and leading private enterprises in Xiamen.


Hengxing Gold Business Listed among China's Top Tens

Hengxing vigorously builds a diversified development platform for mining and owns several mineral resource reserves at home and abroad. Hengxing Gold Holding Co., Ltd. possesses a large gold mine with an annual processing capacity of 5 million tons and an annual output of over 90,000 ounces. It was listed on the Hong Kong Stock Exchange in 2014 (stock code: 2303) with a market capitalization of over US$750 million. Given a dividend ratio of more than 30% for three consecutive years, the company was awarded the “China Top Ten Gold and Mineral Enterprises 2018” by the China Gold Association.


Vietnam Tuyen Quang Iron & Steel Co., Ltd., a “One Belt and One Road” investment project wholly-owned by Hengxing Group, is one of the few iron and steel conglomerates in Vietnam with a complete industrial chain for mining, blast furnace ironmaking, converter steelmaking and steel rolling, as well as a provincial key project in Tuyen Quang to support thousands of locals.


Hengxing Trade: coke exports placed among the tops in china for years

Hengxing's trading sector and affiliates like Baotuo Resources Co., Ltd., Shanghai Tanqiao Trading Co., Ltd., Hengxing Property, Hong Kong Yuanrong Company, Jiading International and First Metal Company have established long-term ties with many high-quality customers at home and abroad to trade such commodities as coke, steel, non-ferrous metals, energy, and chemical fiber, with markets covering Africa, the Middle East, Europe, America, Asia, East China, South China and North China. Every year the companies export over 1 million tons of coke, ranked among China's tops for years.


Hengxing Culture and Tourism Business: a planned investment of 3 billion to develop the Yellow River Three Gorges as a part of the East-West poverty alleviation cooperation project

For Xiamen Hengxing Group, culture and tourism are one of its new strategic industries. Up to date, Hengxing has invested into projects in Xinjiang Kanas Scenic Area, Fujian Qingshuiyan Scenic Spot, under-construction high-end hotels in Xiamen and Qingshuiyan Hot Spring Hotel. On August 9, 2019, Hengxing joined hands with CYTS Investment Management (Shanghai) Co., Ltd. and Yongjing County People’s Government of Gansu Province to sign The Cooperative Development Agreement on Yongjing’s Yellow River Three Gorges Cultural Tourism Project, which marked the landing of another key project by Hengxing in the field of culture and tourism. Yongjing County is a key target of Xiamen City to support the East-West Poverty Alleviation Cooperation project, which is also a solid move taken by Hengxing as a response to the state's call for active participation in poverty alleviation through industrial efforts.


Hengxing Capital: a manager of Grade A office buildings, high-end residential buildings and commercial complexes

Hengxing manages and operates a number of quality property assets that cover Grade A office buildings, high-end residential areas and commercial complexes. It earns a good reputation in the market for advanced management concepts, high-quality property and investment services, and keen efforts in continuously improving the value of quality assets.


Hengxing Investment: investment-driven transformation and innovative development

Hengxing's investment roadmap covers finance, intelligent manufacturing, medical service and others. Apart from being an investor for more than ten well-known companies like Guangzhou Risong Technology Co., Ltd., Guangzhou Rural Commercial Bank, SDIC Capital Co., Ltd., Sino Medical-Device Technology Co., Ltd., Annoroad and Youdao as well as distinguished equity funds, Hengxing has established a strong tie with Vanke and other well-known companies to jointly invest in real estate development projects. As to the emerging industries, Xiamen Hengxing Group has also devised multi-faceted layout in the areas of cloud computing, cultural innovation, and artificial intelligence.


To be a Century-Old Enterprise that Delivers Social Responsibility

Over the past twenty years since establishment, Xiamen Hengxing Group firmly upholds the core values of “integrity, responsibility, innovation and win-win” and embraces challenges one after another to be well recognized in all walks of life. So far, the Group has won dozens of awards at national, provincial and municipal levels.


While creating wealth and employment opportunities for the society, Hengxing actively fulfills the responsibilities and obligations of a corporate citizen. For years, it is an enthusiastic advocate for the undertakings of public education as welfare, charity and medical care, with an accumulated donation of financial funds and materials worthy of more than 400 million yuan. Hengxing has also taken the lead in provincial poverty alleviation projects and served as a partner assistance model for Linxia Prefecture in Gansu Province. Dedicated service has brought the Group the China Charity Award by the Ministry of Civil Affairs and the Advanced Private Enterprise Award as recognition of its efforts for the “10,000 Enterprises Assisting 10,000 Villages” Campaign jointly launched by the All-China Federation of Industry and Commerce and the State Council Leading Group Office of Poverty Alleviation and Development.


Mr. Ke Xiping, founder and chairman of Xiamen Hengxing Group, claimed the title of “National Outstanding Constructor for the Socialism Cause with Chinese Characteristics in Non-public Economy", the "Special Award for National Blood Donation Promotion" as well as earned the honor as one of the 40 most influential entrepreneurs in Fujian province over the 40 years of reform and opening up.

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