Hefei Hengxin Life Science and Technology Co., Ltd.
恒鑫生活
301501
Shenzhen Stock Exchange
Company Profile
1. Complete industrial chains and product lines From PLA particle modification, coating, sheet processing, printing and forming, Hengxin owns a complete industrial chain as well as an entire-process processing and production capacity, leading to the company's core competitive advantage. Mastering the core technology and manufacturing technique of the entire-process mentioned above can improve the responsiveness to customers' individual needs, shorten the sample cycle, ensure the product quality in mass production, effectively control costs and improve profitability. From various specifications, styles and materials of paper and plastic tableware, including plastic cup lids, plastic cups, cutlery and straws, etc., Hengxin has a complete product line and can customize according to the individual needs of customers. The company's rich product types have enhanced its competitiveness and laid a solid foundation for the company to expand high quality customers at home and abroad. 2. Advanced technology Hengxin has always adhered to the market demand-oriented technology R&D innovation, and cultivated a professional technical team with rich R&D experience and strong independent innovation ability. The company and its subsidiary, Anhui Hengxin, both national high-tech enterprises, regard technology R&D capability as the core element to enhance the company's market competitiveness. After years of R&D investment, the company has accumulated core technology systems including PLA particle modification, coating, sheet preparation, forming technology and paper cup high-speed forming technology. 3. Large production scale and excellent quality control Hengxin has established several production bases in China, covering markets where the consumption of degradable tableware is relatively concentrated, and can carry out customized, large-scale production and rapid batch delivery according to the different requirements of downstream customers. In April 2025, Hengxin’s factory in Thailand completed the first delivery, which indicated that the company has actively adjusted its business strategy under the changing global trade environment, showing strong resilience and initial results of the global layout beginning to emerge. Advantages of large production scale have given rise to the company’s advantages of in procurement, production and sales: at the procurement end, it can ensure the stability of the supply quality of main raw materials and have relatively strong bargaining power, so as to stabilize the product quality and control the cost at the same time; at the production end, it can give full play to the advantages of production scale; on the sales side, it has a fast response speed to customer needs, which improves the ability to develop and serve customers. In terms of quality control, Hengxin and its main products have been awarded by BRC and FDA certifications, LFGB testing, and relevant standards of domestic food contact materials and products, passed ISO9001 international quality management system, ISO14001 international environmental management system, ISO45001 occupational health and safety management system and SEDEX certification, and the company's biodegradable products have passed DIN and BPI composting certifications. Meanwhile the products’ biodegradability has been recognized by authoritative organizations. 4. High quality brands and customers Relying on the vertically integrated R&D and manufacturing system and the flexible supply capacity of all categories, Hengxin deeply binds the global head catering brands and builds a customer base covering coffee, tea and fast food industries. The company has established long-term cooperative relations with famous brands such as Luckin Coffee, Starbucks, Manner, HEYTEA, Mixue Ice Cream & Tea, Coco, McDonald's and Burger King. Cooperation with well-known customers enhances the company's brand image and helps the company to develop and promote biodegradable products.
Full description
1. Main business During the reporting period, Hengxin focused on biodegradable, green and low-carbon industries, adhered to the development concept of innovation, biodegradability, low-carbon, intelligence and globalization, deepened R&D and strengthened the coordinated development of the entire industry chain in key areas such as environmentally-friendly tableware and catering packaging materials, and provided customers with products with environmental protection attributes and market competitiveness, and helped to achieve the goal of "dual carbon" and solve the problem of “white pollution”. 2. Main products and usage (1) Biodegradable products Hengxin takes raw paper, PLA and other biodegradable materials as raw materials, to develop, produce and sell environmentally-friendly tableware and catering packaging materials. The company's biodegradable products are typical environmental protection and carbon reduction products, which can help achieve the goal of "dual carbon" and conform to the national strategic direction. The company's biodegradable products include PLA coated paper cups/bowls/soup containers, PLA cups/lids, lunch boxes, cutlery, straws, paper cup sleeves/holders, paper bags and so on. The company has sufficient technical reserves in the field of biodegradable packaging materials, strong R&D capabilities, numerous product specifications, stable and excellent quality. The company's PLA particle modification technology,coating technology, sheet preparation technology and forming technology can be applied to biodegradable products that the company has produced on a large scale, which has been recognized by many influential customers or brands and established stable business relationships. During the reporting period, Hengxin has more than 60 patented technologies in the field of biodegradability. The national standards of biodegradable industry that the company participated in the formulation and implementation include GB/T 29284-2024 "Polylactic Acid" and GB/T 43953-2024 "All Biodegradable Polyglycolic Acid (PGA)", etc. The company has a large number of patents in the biodegradable field and participated in the formulation of most standards, which reflects the company's level of biodegradable technology and market position. In addition, Hengxin has established a good technological innovation plan in the field of biodegradability, including the R&D of new products, materials, processes and equipment. Based on PLA materials, the company actively studies particle modification and related products such as PHA, PBAT and PBS, and continues to pay attention to the application of emerging biodegradable materials in the field of catering packaging, maintaining a good technical transformation ability, achieving accurate matching between biodegradable materials and catering packaging, and quickly seizing the green catering packaging market. (2) Non-biodegradable products Hengxin provides tableware made of PE/PET/PP/PS according to customers' needs. The products include PE coated paper cups/bowls, PP/PET plastic cups and PS plastic cup lids and so on. Due to the phased implementation strategy of the domestic ban on plastic products and the differences in regional policy implementation, some customers need mixed procurement strategies, so Hengxin can meet the differentiated needs of customers through dual product lines. In addition, the company's production equipment is universal and compatible with biodegradable plastics and traditional plastics processing, and can flexibly transfer the production capacity of traditional plastic products to biodegradable products according to changes in national policies, industry standards and customer needs. 3. Business model Hengxin has an independent R&D, procurement, production and sales system, and carries out R&D and design of tableware according to the individual needs of customers, and makes customized sales to customers after delivery to achieve profitability. In terms of R&D, the company has established a complete R&D system. Based on the forward-looking analysis of new products, processes and materials and the collection of downstream customer needs, combined with the company's existing technical reserves and the analysis of downstream markets, the company puts forward R&D projects and and gets them approved. In terms of production and sales, the company adopts the mode of combining "basing production by sales" with "reasonable inventory".