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      Brief Introduction

      Qingdao Hengshun Zhongsheng Group Co., Ltd. (formerly Qingdao Evercontaining Electric Co., Ltd.) was a state-owned enterprise jointly established by CETIC, Shandong Electric Power Bureau Material Division, Qingdao Electric Power Bureau and Qingdao Transformer Group Co., Ltd. in 1998. It underwent reforms in 2010, and was listed on the Shenzhen Stock Exchange GEM in 2011 (stock short name: HSZS; stock code: 300208). 

      Adhering to its business philosophy, “technology empowers enterprises, while innovation drives development”, the Company has committed to the R&D and technical innovation of equipment used for power quality improvement and harmonic pollution treatment, and made a number of great achievements in power quality optimization and power grid featuring energy conservation and environmental protection since its establishment. 

      After listing, the Group has aggressively developed overseas markets and invested in Indonesian industrial parks, mining and energy with a focus on electricity. In 2014, the construction of the industrial park in Indonesia commenced. In 2015, in following the national strategy of One Belt One Road and replicate the successful experience in Indonesia, the Group expanded its businesses into southern African countries like Zimbabwe to invest in the development and construction of mineral industrial parks, power plants, power grids and agricultural industrial parks.

      So far, the Group owns more than twenty subsidiaries and has a total assets value of CNY 2.2 billion. It has grown into an international private enterprise devoted to comprehensive businesses which involves design and construction of green power grid overall solution, investment in power infrastructure construction,  energy development and operation, operation of nonferrous metal mines, industry chain integration, investment in developing and operating of industrial parks and concessions, and financial investment and holdings.

      Sticking to the development strategy of diversity, branding and internationalization, today, Hengshun Zhongsheng strives for strong growth with a global perspective, open thinking and innovative spirit depending on independent innovation, pacing towards a large international modern enterprise with a century’s history. 

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