What Hongqi Group does

Hongqi Group (红旗集团) is a privately held, multi-industry Chinese enterprise group founded in 1991 and headquartered at 268 Jingwu Road, Yueqing Economic Development Zone, Zhejiang Province. The group is structured as a "large non-regional" (大型无区域) cross-regional enterprise comprising 8 wholly-owned subsidiaries spanning wires and cables, transformers, power hardware, complete equipment sets, instruments, electrical and electronic components, machinery, copper products, biopharmaceuticals, and basic education. The group employs more than 2,000 people, distributes through over 200 sales companies across China, and reports total assets of 2.2 billion RMB (approximately USD 305M). Ownership is held by founders/founding family with no disclosed institutional investors, parent company, or public listing.

The group's commercial core is wire and cable manufacturing, organized into three principal product lines: Cable Series (general rubber cables, welding cables, motor leads), New Energy Cables (electric vehicle high-voltage cables, charging pile cables, robot cables, new energy vehicle wires), and Fire-Resistant Cables. Underlying the cable business is a proprietary one-step silane cross-linking power cable technology offering a 40-year service life, four-layer co-extrusion, and dielectric strength of 30 kV/mm versus 20 kV/mm for conventional PVC cables. Specialized products include coal mine flame-retardant cables, port machinery torsion-resistant cables, fluoroplastic-insulated high-temperature control cables, railway vehicle cables, overhead conductors, and BVN/BXVW building wires, among others. Hongqi holds IECEE international certification, CQC certification, and Product Carbon Footprint certification, positioning it for regulated and ESG-sensitive buyers.

Hongqi generates revenue through direct hardware sales of cables, transformers, power hardware, and related electrical products to industrial, infrastructure, construction, new energy, and mining customers. Its go-to-market combines a domestic field sales force of 200+ sales branches with an Alibaba B2B storefront (zghongqidianlan.1688.com), reaching both enterprise accounts and mid-market buyers. No pricing is publicly disclosed, and there are no named customer logos in the public source materials, indicating a long-tail, volume-based order pattern rather than concentrated anchor contracts. The company has no disclosed API, SDK, or digital product offerings and operates as a traditional industrial manufacturer.

Name

Hongqi Group

Legal name

中国·红旗集团

Website

https://hongqi-china.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Hongqi Group is a privately held Chinese multi-industry manufacturer founded in 1991, producing wires and cables (power, control, new energy, fire-resistant), transformers, and related electrical products. With 8 subsidiaries, 200+ domestic sales branches, and 2,000+ employees, it serves industrial, infrastructure, new energy, and mining customers across China.

Ownership category

akta.pro rank

Product category

Wire and Cable Manufacturing

NAICS

Communication and Energy Wire and Cable Manufacturing (33592), Electrical Equipment Manufacturing (33531)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Power, Distribution & Specialty Transformers (3612)

akta.pro primary industry

Building Wire & Cable (Residential/Commercial) (IMADAMAA)

Keywords

• Power cable manufacturing
• Wire and cable products
• Fire-resistant cables
• New energy cables
• Industrial electrical equipment

Headquarters

HQ city

Yueqing

HQ country

China

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Wire and Cable Manufacturing and Sales: Hongqi Group generates revenue through the manufacture and direct sale of wires, cables, transformers, power hardware, and related electrical products. The group comprises 8 subsidiaries covering a multi-industry structure including cables, transformers, power hardware,成套 equipment, instruments, electronic components, machinery equipment, copper products, and education.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Hongqi Group manufactures and sells wires and cables for power transmission, control, and specialized industrial applications, including low-smoke halogen-free, fire-resistant, high-temperature, silicone rubber, cross-linked polyethylene (XLPE), coal mine flame-retardant, overhead conductor, and new energy cables for electric vehicles and charging infrastructure. Through its 8 subsidiaries, the group also produces transformers, power hardware, copper products, electrical instruments, and mechanical equipment, selling primarily to industrial, construction, infrastructure, mining, and new energy customers across China.

Product overview

Hongqi Group (红旗集团) is a multi-industry enterprise group founded in 1991, offering a comprehensive portfolio of cable and electrical products. The company operates through 8 subsidiaries and distributes via over 200 sales companies nationwide. The product portfolio centers on cable and wire solutions organized into three main categories: Cable Series (电缆系列) covering general rubber cables, welding cables, and motor leads; New Energy Cables (新能源电缆) including electric vehicle high-voltage cables, robot cables, charging pile cables, and new energy vehicle wires; and Fire-Resistant Cables (防火电缆) for safety-critical applications. Additional specialized products include cross-linked power cables, PVC insulated cables, coal mine flame-retardant cables, outdoor rubber cables, and various special cables for demanding industrial environments. The company also produces related electrical products through subsidiaries including transformers, power hardware, complete equipment sets, instruments, and electrical components.

Differentiator

Problem solved

Functional benefit

Products and services

• Power Cables (电力电缆) Complete range of power cables including low-smoke halogen-free flame-retardant, PVC insulated, fire-resistant, and special protection (rodent, termite, UV resistant) variants for rated voltages up to 35KV, serving power transmission and distribution applications.
• New Energy Cables (新能源电缆) Cables specifically designed for new energy applications including electric vehicle high-voltage cables, robot cables, charging pile cables, and new energy vehicle wires for electric transportation and renewable energy systems.
• Fire-Resistant Cables (防火电缆) Fire-resistant cable products designed to maintain circuit integrity during fire events, critical for safety applications in buildings, infrastructure, and high-occupancy facilities.
• Cross-Linked Power Cables (交联电力电缆) Cross-linked polyethylene insulated power cables including one-step silane cross-linking and XLPE insulated variants for improved thermal and electrical properties, with a 40-year service life.
• Control Cables (控制电缆) Control cables for transmitting signals in industrial automation and control systems, including PVC insulated and shielded variants.
• Special Cables (特种电缆) Specialized cables including fire-resistant, high-temperature resistant, fluoroplastic insulated, and other performance cables for demanding industrial applications.
• Coal Mine Flame-Retardant Rubber Sheathed Cables (煤矿用阻燃橡套电缆) Flame-retardant rubber sheathed cables specifically designed for coal mining applications, including coal mining machine cables, mobile cables, and communication cables.
• Overhead Conductors (架空导线) Overhead conductors including aluminum stranded wires (JL) and steel core aluminum stranded wires (JL/G series) for aerial power transmission lines, as well as round wire concentric twisted conductors and insulated overhead cables.
• Elevator Cables (电梯电缆) Cables specifically designed for elevator systems, supporting power and control functions in vertical transportation equipment.
• Variable Frequency Motor Cables (变频电机电缆) Specialized cables for variable frequency drive (VFD) systems in motors, featuring excellent shielding properties to suppress harmonic interference.
• Computer Shielded Cables (计算机用屏蔽电缆) Shielded cables designed for computer and automation control systems, providing EMI protection for reliable data transmission.
• Outdoor Rubber Cables (野外用橡套电缆) Rubber insulated cables designed for outdoor field conditions, including mobile, power, and shielded variants for temperatures from -45°C to +50°C.
• Port Machinery Torsion-Resistant Flexible Cables (港口机械用耐扭曲软电缆) Flexible torsion-resistant cables for port machinery including rubber-tired gantry cranes, providing reliable power and control in harsh port environments.
• Construction Hoist Special Cables (YTF施工升降机专用电缆) Specialized cables for construction elevators with 10x better bending resistance than general rubber-sheathed cables, operating from -40°C to 100°C.
• Railway Vehicle Cables (铁路机车车辆电缆) Cables designed for railway vehicle power transmission, rated for 3KV AC and operating temperatures up to 100°C, with chlorosulfonated polyethylene sheath.
• General Rubber Sheathed Flexible Cables (通用橡套软电缆) General purpose rubber sheathed flexible cables (YQ, YZ, YC series) for household appliances, power tools, and mobile electrical equipment rated up to 450/750V.
• BVN PVC Insulated Nylon Sheath Wires (BVN聚氯乙烯绝缘尼龙护套电线) Building wires with PVC insulation and nylon sheath, offering superior wear resistance and longevity (40+ years) compared to standard PVC wires.
• Transformers (变压器) Transformers manufactured by subsidiary Hongqi Group Wenzhou Transformer Co., Ltd. for power distribution and electrical applications.
• Power Hardware and Fittings (电力金具) Power hardware and fittings manufactured by subsidiary Hongqi Group Power Hardware Co., Ltd. for power transmission line construction.
• Copper Products (铜业产品) Copper products and raw materials manufactured by subsidiary Hongqi Group Jiangxi Copper Industry Co., Ltd., serving as upstream input for cable production.
• Fire-Resistant High-Temperature Power Cables (耐火耐高温电力电缆) Power cables designed to maintain circuit integrity during fire events while operating in high-temperature environments.
• PVC Insulated Cables (聚氯乙烯绝缘电缆) Fixed wiring cables including non-sheathed, sheathed, flexible, and shielded variants rated for 450/750V and below.

Quantifiable outcome

• 40-year service life for one-step silane cross-linked cables vs 20-30 years for conventional PVC cables

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Hengtong Group (亨通集团): Chinese cable and optical fiber manufacturer with a broad portfolio of power cables, communication cables, and new energy cables. Directly comparable to Hongqi in product categories and in serving Chinese power, telecom, and new energy customers.
• Far East Cable Co., Ltd. (远东电缆股份有限公司): One of China's largest wire and cable manufacturers, producing power cables, new energy cables, and specialty cables for industrial and infrastructure customers. Directly comparable to Hongqi in core product portfolio, customer segments, and Chinese-domestic go-to-market.
• Wuxi Jiangnan Cable Co., Ltd. (无锡江南电缆有限公司): Chinese cable maker with power, control, and specialty cables serving industrial, energy, and construction customers. Comparable to Hongqi in scope of cable products and in Chinese-domestic industrial distribution.
• Baosheng Science and Technology Innovation Co., Ltd. (宝胜科技创新股份有限公司): Chinese cable manufacturer offering power, control, communication, and specialty cables for industrial, energy, and infrastructure applications. Comparable to Hongqi in scale, scope of cable product lines, and focus on industrial and energy customers in China.
• Shandong Yanggu Cable Group Co., Ltd. (山东阳谷电缆集团有限公司): Chinese cable manufacturer producing power cables, control cables, and specialty cables for industrial and infrastructure applications. Comparable to Hongqi in product mix and in operating as a China-focused, non-listed cable manufacturer of similar scale.

Broad incumbents

• Prysmian Group: World's largest cable manufacturer, producing power, telecom, and specialty cables including for renewables and EVs. Comparable to Hongqi in core cable categories and end markets, but operates globally and at much larger scale.
• TBEA Co., Ltd. (特变电工股份有限公司): Major Chinese manufacturer of transformers, power cables, and other electrical equipment with a much larger global footprint. Comparable to Hongqi's transformer and cable operations but operates as a much broader incumbent in energy equipment.
• Sumitomo Electric Industries, Ltd. Japanese diversified electrical equipment and cable manufacturer producing power cables, EV wiring, and industrial harnesses. Comparable to Hongqi in cable categories, particularly new energy and industrial, but operates globally and across many electrical segments.
• Nexans S.A. Global cable manufacturer serving energy infrastructure, industry, and telecom customers with power, specialty, and new energy cables. Comparable to Hongqi in product lines but is a much larger multinational incumbent.
• Leoni AG: European manufacturer of cables and wiring systems, particularly for automotive and industrial applications including EV high-voltage wiring. Comparable to Hongqi in industrial and EV-related cable offerings, but with a European-focused footprint.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries5 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 Hongqi Group