Xinhai Group

What Xinhai Group does

Xinhai Group (新海科技集团有限公司), founded in 1993 and headquartered in Cixi, Ningbo (Zhejiang), is a publicly listed Chinese manufacturer (Shenzhen Stock Exchange ticker 002527, IPO 2007) operating three core business segments. The foundational segment is lighters and utility lighters — disposable lighters, advertising/promotional lighters, and ignition guns — built on proprietary patented Child Resistant (CR) mechanism technology and exported to more than 80 countries. The second segment is medical devices, delivered through three wholly-owned subsidiaries: Ningbo Xinwell Medical (anesthesia monitoring, endoscopic diagnosis, minimally invasive surgery, founded 2017), Shenzhen Unimed Medical (patient monitor accessories, founded 2004), and Ningbo Huakun Medical (respiratory anesthesia consumables), with R&D centers in Ningbo, Shenzhen, Shanghai, and Changzhou. The third segment is precision plastic mold design and injection molding, including multi-cavity and double-color molds, with annual capacity of 500+ molds and ODM services to international clients including Fortune 500 enterprises.

The company monetizes through direct hardware sales (lighters, medical devices, precision plastic components) and professional mold-manufacturing services, distributing via direct sales teams with separate domestic Chinese and international trade channels and a 2008-acquired European entity (UNILIGHT). Its competitive position rests on first-drafter authorship of two Chinese national mandatory standards (GB25722-2010 and GB25723-2010), over 1,000 patents across China, the US, Japan, Taiwan, and Europe, ISO 9001/14001/45001 and IQNET certifications, sector certifications (GS, FSC, CPSC, TUV, SGS, JIS, LNE, BV), and successful navigation of EU and Korea anti-dumping cases. Manufacturing is distributed across four production bases (two in Ningbo, one in Jiangsu, plus ancillary facilities), equipped with NESTAL, DEMAG, KRAUSS MAFFEI, and HAITIAN injection molding equipment and an in-house ISO 9994 testing center.

The firmographics metadata lists 1-10 employees and private status, which is contradicted by all other source data indicating a public listing, 200+ engineers, 9 subsidiaries, and 4 manufacturing bases — the public-listing and scale data take precedence as more recent and primary. Pricing is not publicly disclosed, and no consolidated revenue figure appears in the source materials, limiting quantitative triangulation. Strategic posture is that of an established industrial manufacturer executing a long-running horizontal-and-vertical diversification strategy away from a declining-maturity core lighter business into higher-margin medical devices and contract precision manufacturing.

Name

Xinhai Group

Legal name

Xinhai Technology Group Co., Ltd.

Website

https://xinhaigroup.com

Company type

Public

Founded year

1993

Operating status

Operating

Headcount range

1–10 employees

Short description

Xinhai Group is a publicly listed Chinese manufacturer founded in 1993, producing lighters and utility lighters (exported to 80+ countries), medical devices (via three subsidiaries), and precision plastic molds/ODM services for international Fortune 500 clients.

Ownership category

akta.pro rank

Product category

Lighters & Medical Devices Manufacturing

NAICS

Surgical Appliance and Supplies Manufacturing (339113)

akta.pro primary industry

Blow-Molded Packaging Closures & Dispensing Components (Caps, Nozzles) (IMANAGAH)

Keywords

• Disposable lighters
• Medical device manufacturing
• Precision plastic molding
• Utility lighters
• Injection molding services

Headquarters

HQ city

Cixi

HQ country

China

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Supply Chain, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Lighter and Utility Lighter Sales: Manufacturing and sales of disposable lighters, advertising lighters, and utility lighters. Products are sold to over 80 countries worldwide. Core business segment with ISO certifications and CR-compliant products for global markets.
2. Medical Device Products: Medical device business through subsidiaries including Xinwell Medical (anesthesia monitoring, endoscopic diagnosis, minimally invasive surgery), Unimed Medical (patient monitor accessories), and Huakun Medical (respiratory anesthesia consumables).
3. Precision Mold Manufacturing Services: Precision mold design, manufacturing, and injection molding ancillary services. Provides ODM services to international companies including Fortune 500 enterprises. Annual capacity of 500+ sets of precision molds.
4. Precision Plastic Products: ODM services for precision plastic products in cooperation with internationally renowned companies, providing high-quality products at reasonable prices for global clients.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Xinhai Group manufactures and sells disposable lighters, advertising lighters, and utility lighters exported to over 80 countries. Through its subsidiaries, it also produces medical devices (anesthesia monitoring, endoscopic diagnosis, minimally invasive surgery) and provides precision plastic mold design, manufacturing, and ODM injection molding services for international clients with an annual capacity of 500+ precision molds.

Product overview

Xinhai Group is a technology innovation enterprise primarily engaged in precision plastic products and medical devices. The company operates three core business segments: (1) Lighters & Utility Lighters — disposable lighters, advertising lighters, and ignition guns, exported to 80+ countries with industry-leading market position; (2) Medical Devices — covering anesthesia & monitoring, endoscopic diagnosis, and minimally invasive surgery through subsidiaries Xinwell Medical, UNIMED, and Huakun Medical; (3) Precision Molds & Plastic Products — specialized mold manufacturing with 500+ annual capacity and ODM services for international clients. The company also holds proprietary CR (child-resistant) technology for regulatory compliance across global markets.

Differentiator

Problem solved

Functional benefit

Brands

• Xinwell Medical (新跃医疗): Medical devices subsidiary focusing on anesthesia monitoring, endoscopic diagnosis, and minimally invasive surgery

Products and services

• Lighters & Utility Lighters (打火机/点火枪) Disposable lighters, advertising/promotional lighters, and utility lighters (ignition guns) designed, manufactured, and sold globally for consumer, promotional, and industrial uses. The product line meets child-resistant (CR) regulations across Europe, Japan, and North America, and conforms to ISO 9994 international safety standards.
• Medical Devices (医疗器械) Medical device platform covering anesthesia monitoring, endoscopic diagnosis and treatment, minimally invasive surgery (MIS), patient monitor accessories, and respiratory/anesthesia consumables. Operated through subsidiaries Ningbo Xinwell Medical, UNIMED Medical Supplies, and Ningbo Huakun Medical, with R&D centers in Ningbo, Shenzhen, Shanghai, and Changzhou.
• Precision Molds & Plastic Products (精密塑料模具与制品) Professional precision mold design, manufacturing, and injection molding services for small and medium-sized precision molds, multi-cavity molds, double-color molds, and gas-assisted molding. Provides ODM precision plastic products in cooperation with internationally renowned companies at high quality and reasonable prices.
• Ningbo Xinwell Medical Technology Co., Ltd. (宁波新跃医疗科技股份有限公司) Medical device subsidiary focusing on three business segments: Anesthesia & Monitoring, Endoscopic Diagnosis & Treatment, and Minimally Invasive Surgery (MIS). Has R&D centers in Ningbo, Shenzhen, Shanghai, and Changzhou.
• UNIMED Medical Supplies Inc. (深圳市尤迈医疗用品有限公司) Professional patient monitor accessories provider specializing in design, development, manufacturing, and sales of medical products for ICU/critical care monitoring consumables.
• Ningbo Huakun Medical Devices Co., Ltd. (宁波华坤医疗器械有限公司) Professional manufacturer of single-use medical devices including anesthesia breathing circuits, laryngoscopes, humidified condenser humidifiers (artificial nose), oxygen breathing masks, manual breathing bags, and catheter fixators.

Quantifiable outcome

• Products exported to 80+ countries
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• Xinwell Medical (宁波新跃医疗科技股份有限公司)coreOthers · 1 January 2017Wholly-owned subsidiary founded in 2017, focusing on anesthesia monitoring, endoscopic diagnosis, and minimally invasive surgery medical devices. Has R&D centers in Ningbo, Shenzhen, Shanghai, and Changzhou.
• UNILIGHT (Europe)coreStrategic or Co-development Partner · 1 January 2008Xinhai acquired European UNILIGHT company in 2008, strengthening its presence in the European lighter market and expanding international business operations.
• Unimed Medical (深圳尤迈医疗用品有限公司)coreOthers · 1 January 2004Subsidiary specializing in patient monitor accessories, established in 2004, headquartered in Shenzhen's Shekou area known as China's medical electronics industry hub.
• Zhejiang University (浙大-新海电气产品研究开发中心)coreStrategic or Co-development Partner · 1 January 2001In 2001, Xinhai established a joint R&D center with Zhejiang University, beginning participation in international standards development and collaborative research.
• Huakun Medical (宁波华坤医疗器械有限公司)coreOthersSubsidiary specializing in respiratory anesthesia consumables including anesthesia breathing circuits, laryngoscopes, humidifiers, and respiratory masks.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Flamagas SA (Clipper): Flamagas is the Spanish maker of the iconic Clipper lighter brand and a key European competitor in refillable and disposable lighters. Directly comparable on regulatory compliance, CR technology, and European distribution channels that Xinhai also targets.
• Lepu Medical Technology: Lepu Medical is a Beijing-based medical device group with cardiovascular, structural heart, and surgical businesses. Comparable to Xinhai's medical device subsidiaries on Chinese-market scale-up ambition and minimally invasive surgery product exposure.
• Tokai Corporation: Tokai is a major Japanese lighter and consumer goods manufacturer (Tokai lighter brand) competing in the same regulated disposable lighter category as Xinhai, particularly in Asian markets where Xinhai also has CR-compliant products.
• BIC Group: BIC is the world's largest disposable lighter manufacturer (BIC lighter brand) and a diversified consumer products company. Directly competes with Xinhai in disposable and utility lighters sold globally, with overlapping regulatory expertise (CR/child-resistance) and Fortune 500 retailer relationships.
• Mindray Medical International: Mindray is China's largest medical device manufacturer, competing with Xinhai's medical device subsidiaries (Xinwell, Unimed, Huakun) in patient monitoring, anesthesia, and consumables. Highly comparable as a Shenzhen-based medical device group with global ambitions.
• Ningbo Shuangma Plastic Industry: Ningbo Shuangma is another major Chinese lighter and household goods manufacturer also based in the Ningbo/Cixi cluster. Directly competes with Xinhai in disposable lighters, advertising lighters, and plastic consumer goods for global markets.

Broad incumbents

• MicroPort Scientific Corporation: MicroPort is a leading Chinese medical device group active in orthopedic, cardiovascular, and surgical device categories. Overlaps with Xinhai's medical device subsidiaries on surgical and minimally invasive product lines, though at much larger scale.
• Swedish Match (Philip Morris International): Swedish Match, now part of Philip Morris International, is a major player in lighters and matches (Cricket brand) with broader tobacco-adjacent product portfolio. Comparable to Xinhai on the lighter side, but with a much larger, regulated tobacco product suite.
• Jabil Inc. Jabil is a global manufacturing services provider with strong precision plastics and mold capabilities serving Fortune 500 OEMs. Comparable to Xinhai's precision mold/ODM business for international clients, though Jabil operates at vastly larger scale and across electronics.

Regional players

• Ningbo Zhengli Plastic Products: Zhengli is another Ningbo-based lighter and injection-molded plastic products manufacturer focused primarily on the Chinese domestic market. A regional peer competing with Xinhai in China rather than in the 80+ export markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Xinhai Group