Individual company presentation

Hengwang (Tianjin) Technology Co., Ltd. is a subsidiary of Hebei Hengwang Investment Group Co., Ltd .Hebei Hengwang Investment Group Co., Ltd. was established in March 2012, with total assets of 10 billion yuan. The group operates four major sectors: new energy, real estate, mining, and hotel management, with more than ten wholly-owned subsidiaries. The mining sector of the group possesses unique high-quality magnetite resources in the world, involving the mining and selection of magnetite ore and the production of reduced iron powder and iron-based powder metallurgy products. In 2021, the group entered the new energy industry, adopting the world's most advanced green chemical technology—the ore iron powder method to produce iron phosphate and lithium iron phosphate. The current production capacity includes 180,000 tons/year of iron phosphate and 25,000 tons/year of lithium iron phosphate. By the end of 2025, the planned production capacity will reach 600,000 tons/year of iron phosphate and 100,000 tons/year of lithium iron phosphate.

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