Hubei Hangte Equipment was officially listed on the New Third Board, leading the development of the automotive lightweight industry

Hubei Hangte Equipment Manufacturing Co., Ltd. (hereinafter referred to as Hangte Equipment) announced on September 20, 2024 that it was officially listed on the National Equities Exchange and Quotations (also known as the New Third Board), becoming the first company in Hubei Province to successfully apply for direct connection with the Beijing Stock Exchange. Since its establishment in 2005, Hangte Equipment has been committed to the development of light alloy material forming and product manufacturing, brake system design and manufacturing, general aviation product sales and operations, intelligent equipment manufacturing and other fields. According to financial data, Hangte Equipment's operating income in 2022 and 2023 was 1.504 billion yuan and 2.069 billion yuan respectively, and its net profit was 65.3154 million yuan and 69.7473 million yuan respectively, showing a steady growth trend. Hangte Equipment maintains a long-term and stable cooperative relationship with well-known domestic and foreign automobile manufacturers such as FAW Hongqi, BYD, SAIC, and Geely.