HGTECH Corporation
Address: Huazhong University of Science and Technology Science Park, Huagong Technology Headquarters Building, Guanshan Avenue, University Park Road, East Lake High-tech Development Zone, Wuhan City, Hubei Province
Company Overview
HGTECH Co., Ltd. (hereinafter referred to as "HGTECH", stock code 000988) was born out of Huazhong University of Science and Technology, a well-known Chinese university, and is a pioneer in the industrialization of achievements of Chinese universities. After years of accumulation of technology and products, it has formed an intelligent manufacturing equipment business with laser processing technology as an important support, an optical connection and wireless connection business with information and communication technology as an important support, and a sensor business pattern with sensitive electronic technology as an important support, with an industrial base of nearly 2,000 acres. Since its establishment in 1999, it has completed the transformation from a school-run enterprise to an innovative enterprise and a national high-tech enterprise, from diversified business to relative diversification, and from the domestic market to the global market, becoming a powerful team that "represents national competitiveness" to participate in global competition. In March 2021, the company completed the separation and restructuring of school and enterprise, and the actual controller was changed from Huazhong University of Science and Technology to Wuhan State-owned Assets Supervision and Administration Commission, opening a new stage of systematic growth and expansion of strategic space. The company takes "Innovation Links a Better World" as its mission, and invests no less than 5% of its sales revenue in research and development every year. It has a research and development and pilot base of more than 20,000 square meters, and has 3 research and development centers overseas. It has co-built the National Engineering Research Center for Laser Processing, the National Anti-Counterfeiting Engineering Research Center, and the National Key Laboratory of Sensitive Ceramics with Huazhong University of Science and Technology. Through the ties of industry, academia, research and application, the company has taken the lead in formulating more than 50 projects such as the National "863" Plan Project, the National Science and Technology Support Plan Project, and the 13th Five-Year National Major Science and Technology Plan Project. It has also taken the lead in formulating the first international standard for China's laser industry and won 3 National Science and Technology Progress Awards. In recent years, the company has actively explored the field of intelligent manufacturing, helping important areas of the national economy such as machinery manufacturing, railway locomotives, automobile industry, consumer electronics, steel metallurgy, and communication networks to open a new chapter of transformation and upgrading, and its products have been exported to more than 80 countries and regions. In the future, HGTECH will aim to "participate in building a fully connected, fully perceived, and fully intelligent world and become a globally influential technology company", adhere to the principle of "innovation first", carry out collaborative innovation around "new infrastructure, new materials, new energy, the new four modernizations of automobiles, and industrial digitalization", enrich the product chain, improve the industrial chain, deeply expand high-level markets, and create a highland for the gathering of high-quality talents. In the new development pattern with the domestic circulation as the main body and the mutual promotion of international and domestic circulations, we will extend our innovation strengths, give birth to more new technologies, new products, and new directions, and contribute to the strategy of building a strong manufacturing country.