Hongyu Enterprise

Hongyu Group Co., Ltd. (hereinafter referred to “Hongyu Group”) was founded in 1997 in Foshan, which is reputed as “The Capital of Millennium Ceramics". After 20 years’ steady growth, Hongyu Enterprise has developed into a large-scale modern enterprise group which focuses on the ceramic industry and coordinately develop real estate industry, cultural and creative industry, and tourism industry, with an annual revenue of tens of billions of yuan

At the same time, Hongyu Group is now the largest shareholder and actual controller of Keda Jeneng (600499). Keda Jeneng was listed on the Shanghai Stock Exchange in 2002. It is one of the top 100 enterprises in Foshan in 2019 (ranking 37th). The company mainly focuses on construction materials and machinery, it also cultivates hydraulic pump, clean coal gasification technology and equipment, flue gas treatment technology and equipment, lithium electric materials, fans and other promising businesses., Keda Jieneng has more than 50 subsidiaries and owns many well-known brands in the industry, such as Keda, Litai and Kexin. Its products are sold to more than 50 countries and regions. Right now, Keda Jieneng is a leading enterprise in the ceramic and machinery industry in China and even in the world. In 2019, the total revenue of Keda Geneng reached 6.422 billion yuan, with the growth of 5.79%. The net profit attributable to the shareholders of the company was 119 million yuan.