Huagong Tech Co, Ltd.
Huagong Tech Co. Ltd (HG Tech, stock code: 000988), founded in
1999, which has developed and expanded its products and businesses
from industrial laser equipment manufacturing (cutting, wielding.
marking) and optical fiber telecommunication device manufacturing,
to electrical component, anti-counterfeit and information security
technology researching and manufacturing. Over a decades effort, HG
Tech has built its reputation on technology innovation and quality
manufacturing. Our products and services not only take the domestic
market leads, but also participate into global competition
Additionally, for the purpose of remaining the companys market
leading position and continued technology innovation, HG Tech
corporate with local universities, national scientific institutions
and research centers widely. In past few years, HG Tech has
acquired several national research and development centers around
the country in order to keep the technology advantage, and to
design and manufacture most advanced products to satisfy customers
Financially, until the end of 2011, HG Tech annual sales increased
over 38% compare to the 2010, was total RMB 2, 024 million; net
income in 2010 was RMB 342 million which rapidly increased 71% from
previous year, also the companys total asserts value was RMB 3, 335
million until 2010. HG Tech kept its rapid growth which thanks to
the policy of Development of Heavy Industry announced by the state
government since 2006.
HG Tech is located at the center of Chinese Optic Valley -Wuhan
East Lake Hi-Tech Development Park. The industrial park is covering
an area of 33 ha, with building area of 50, 000 square meters. The
company employed over 5, 000 experienced employees (Australian
Farley Research Center not included), and almost 1, 000 of them are
working on research and development aspects to keep on technology
innovation for our products.