Hengya Technology: The company's overseas subsidiaries and grandchild companies have completed registration procedures.

Radar Finance | Yang Yang | Li Yihui

On March 9th, Hangya Technology (Stock Code: 688510) announced that the company held a board meeting on November 28, 2025, to approve the establishment of overseas subsidiaries and grandchild companies. As of March 10, 2026, the company has completed registration procedures for the Singapore subsidiary and Malaysia grandchild company and obtained the relevant registration certificates from the authorities. The Singapore subsidiary is named Hangya Technology Investment (Singapore) Co., Ltd., with a registered capital of 1 USD, mainly engaged in holding other companies.

The Malaysia grandchild company is named Hangya Technology (Malaysia) Co., Ltd., with a registered capital of 3,000 MYR. Its business scope includes the design, manufacturing, and assembly of aerospace components and related machinery, trade and distribution of cross-industry multi-category products, as well as the manufacturing of orthopedic implants and medical-grade components.

The company has completed the filing registration for this overseas investment and received relevant documents from the Jiangsu Provincial Department of Commerce and the Wuxi Development and Reform Commission. This investment involves risks related to macroeconomic conditions, industry policies, market environment, and management.

According to Tianyancha data, Hangya Technology was established on January 30, 2013, with a registered capital of 258.382608 million RMB. The legal representative is Yan Qi, and the registered address is No. 35, Xindongan Road, Wuxi. Its main business includes the research, production, and sales of key components for aircraft engines and gas turbines, as well as orthopedic implant forgings.

Currently, the company’s chairman is Yan Qi, the secretary is Fang Hongtao, with 658 employees, and the actual controller is Yan Qi.

The company has three associated companies, including Wuxi Hangya Fan Parts Manufacturing Co., Ltd., Guizhou Hangya Technology Co., Ltd., and Wuxi Chengfeng Aerospace Engineering Technology Co., Ltd.

In terms of performance, the company’s operating income for 2022, 2023, and 2024 was 363 million RMB, 544 million RMB, and 703 million RMB, respectively, with year-on-year growth rates of 15.95%, 49.93%, and 29.39%. The net profit attributable to shareholders was 20.06 million RMB, 90.20 million RMB, and 127 million RMB, with year-on-year growth rates of -17.34%, 349.61%, and 40.27%. During the same period, the company’s asset-liability ratios were 30.59%, 31.28%, and 38.33%.

Regarding risks, Tianyancha data shows the company has 17 internal Tianyan risks, 27 surrounding risks, 7 historical risks, and 62 warning alerts.