China Lesso Group

What China Lesso Group does

China Lesso Group Holdings Limited (2128.HK) is a Cayman Islands-incorporated, Hong Kong-listed industrial group founded in 1986 and headquartered in Foshan, Guangdong, with operational headquarters in Hong Kong. The company manufactures plastic pipe systems and a diversified portfolio of building materials, home furnishings, environmental protection services, and new energy products through 50+ factories across 10+ countries and 19 Chinese provinces, with sales networks spanning 150+ countries and 3.4 million tons of annual design capacity.

The core pipe business produces PVC, PE, PP-R, stainless steel, and specialty composite pipes for six application areas: municipal engineering, residential construction, agriculture, industrial and commercial uses, fire protection, and gas transmission. The company has developed proprietary technologies including large-diameter steel wire reinforced PE composite pipes (DN1200), high-performance PVDF pipe systems for semiconductor and pharmaceutical applications, RTP flexible hydrogen transmission composite pipes, and mining-grade wear-resistant composite pipes. It holds over 4,000 authorized patents, has participated in drafting 180+ standards, and maintains 4,000+ international certifications including NSF, UPC, TUV, DVGW, WRAS, and WaterMark. R&D is supported by 1,000+ research personnel across 17 R&D platforms, 45 national high-tech enterprise certifications, and 9 CNAS-accredited laboratories.

The business model is B2B enterprise-led, with quote-based pricing on multi-year contracts and direct sales to government/municipal projects, real estate developers, industrial manufacturers, and agricultural projects, supplemented by distributor networks in 150+ countries and localized production bases in Southeast Asia, Africa, Central Asia, and North America. Diversified revenue streams include the core pipe segment, integrated building materials and home furnishings (kitchens, bathrooms, doors, windows, water purification, waterproofing), environmental protection services, solar/energy storage products, and a pan-Asian trading services platform. 2025 revenue was RMB 24.315 billion with gross profit of RMB 6.683 billion (27.5% gross margin) and net profit margin of 5.0%.

Name

China Lesso Group

Legal name

China Lesso Group Holding Limited

Website

https://lesso.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

China Lesso Group (2128.HK) is a Hong Kong-listed industrial group manufacturing plastic pipe systems, building materials, and new energy products through 50+ factories across 10+ countries, serving municipal, real estate, agricultural, and industrial customers in 150+ countries.

Ownership category

akta.pro rank

Product category

Plastic Pipes & Building Materials

NAICS

Plastics Pipe and Pipe Fitting Manufacturing (326122), Plastics Pipe, Pipe Fitting, and Unlaminated Profile Shape Manufacturing (32612)

SIC

Water, Sewer, Pipeline, Comm & Power Line Construction (1623), Gaskets, Packg & Sealg Devices & Rubber & Plastics Hose (3050)

akta.pro primary industry

Water & Sewer Pipe & Fittings (PVC/HDPE/PP) (IMANADAA)

akta.pro secondary industries

Plumbing & Building Drain/Waste/Vent (DWV) Pipe & Fittings (IMANADAG), Industrial Process & Chemical-Resistant Pipe Systems (CPVC/PVDF/PP) (IMANADAF), Water Filtration, Treatment & Softening Plumbing Products (IMADALAK)

Keywords

• Plastic pipe manufacturing
• Building materials solutions
• Water supply systems
• Drainage pipe systems
• Construction materials

Headquarters

HQ city

Foshan

HQ country

China

HQ region

Asia

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Plastic Pipe Systems: Core business segment generating the majority of revenue through manufacturing and sales of plastic pipes and fittings for water supply, drainage, gas, fire protection, and industrial applications.
2. Building Materials and Home Furnishings: Integrated building materials and home furnishing solutions including kitchens, wardrobes, doors, bathrooms, water purification, flooring, and waterproofing products.
3. Environmental Protection Industry: Professional environmental protection services including environmental engineering, waste treatment, wastewater treatment, solid waste processing, soil remediation, and environmental testing.
4. New Energy Industry: Solar energy products including photovoltaic modules, energy storage products, investment development, and technical services covering residential, commercial, desert, and marine photovoltaic systems.
5. Trading Services Platform: Supply chain service platform business providing one-stop professional home exhibition halls and consumer goods mall services, primarily serving Southeast Asia market.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

China Lesso Group manufactures and sells plastic pipes and fittings (PVC, PE, PP-R, stainless steel) for water supply, drainage, gas, fire protection, agricultural, and industrial applications. The group also provides integrated building materials and home furnishings (kitchens, bathrooms, doors, windows, waterproofing), professional environmental protection services, and new energy products including photovoltaic modules and energy storage systems.

Product overview

China Lesso Group is a large global pipe and building materials industrial group with a diversified business portfolio. The company operates through four main segments: (1) Core pipe business producing PVC, PE, PP-R, stainless steel pipes and fittings; (2) Building materials and home furnishings including kitchen, bathroom, doors, windows, and waterproofing products; (3) Environmental protection services; and (4) New energy products including photovoltaic modules and energy storage. Key sub-brands include LESSO Life (领尚) for home furnishings, Eago (益高) for bathroom fixtures, and LESSO Banhao (联塑班皓) for new energy. The company has expanded into specialty products like large-diameter reinforced PE pipes, PVDF pipes for semiconductor/pharmaceutical use, RTP flexible hydrogen pipes, and marine aquaculture equipment. Additionally, the group operates a pan-Asian trading services platform covering 8 countries.

Differentiator

Problem solved

Functional benefit

Brands

• 领尚 (Lingshang): 整体厨房、整体衣柜、木门、整体门窗、净水机、石英石、卫浴等建材家居产品 (Integrated kitchen, wardrobe, doors, windows, water purifiers, quartz stone, sanitary ware and other building materials)
• 联塑班皓新能源
• 联塑环保
• 联塑商贸平台
• 益高卫浴 (Yigao Sanitary)
• 联塑·中油佳汇

Products and services

• Pipes & Fittings Plastic pipes and fittings (PVC, PE, PP-R, stainless steel) for water supply, drainage, gas, fire protection, municipal engineering, residential, agricultural, industrial, and commercial applications. Produced by Guangdong Lesso Technology Industrial Co., Ltd.
• Building Materials & Home Furnishings Integrated building materials and home furnishing solutions including kitchen cabinets, wardrobes, doors, windows, water purifiers, quartz stone, sanitary ware, waterproofing, fire protection equipment, valves, electrical switches, plastic tiles, and related products.
• Environmental Protection Services Professional environmental services through Lesso Environment subsidiary, including environmental engineering, waste treatment, water and waste gas treatment, soil remediation, and environmental testing. Operated through multiple subsidiaries across China.
• New Energy Products (Lesso Solar) Solar energy products and services through Lesso Banhao New Energy subsidiary, including photovoltaic modules, energy storage products, investment development, and technical services covering residential, commercial, desert, and marine photovoltaic systems.
• Asia Trading Services Platform (Lesso Trade) Supply chain service platform providing one-stop professional home exhibition halls and consumer goods mall services, primarily serving Southeast Asia with operations across 8 Asian countries and cities.
• Large-diameter Steel Wire Mesh Reinforced PE Composite Pipe Large-diameter steel wire reinforced polyethylene composite pipe for high-pressure fluid transportation, achieving DN1200 pipe industrialization with uniform pipe billet molding, long-term stable steel-plastic interface bonding, and tension adaptive compensation technologies.
• High-Performance PVDF Pipe System High-performance polyvinylidene fluoride (PVDF) pipe system for semiconductor, photovoltaic, and biopharmaceutical industries. Achieves domestic industry standardization and breakthrough in PVDF production technical problems.
• RTP Flexible Hydrogen Transmission Composite Pipe Multi-layer composite structure hydrogen pipeline combining steel pipe strength with plastic corrosion resistance, solving hydrogen embrittlement and hydrogen corrosion problems in traditional steel pipes for hydrogen energy transportation.
• Lesso Lifting Marine Aquaculture Cage Lifting marine aquaculture cage with adjustable lifting system and modular assembly design for deep-sea intelligent aquaculture and typhoon avoidance.

Quantifiable outcome

• Plastic pipe system annual capacity of 3.25 million tons with 74.1% utilization rate
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Coronation Property (Australia)coreStrategic or Co-development Partner · 23 June 2026Strategic partnership with Australia's leading Build-to-Rent platform. Lesso provides multi-category high-performance building material solutions including pipes, building materials, electrical and PV products for residential projects. Both parties to develop residential industry ecosystem covering Australian market.
• 浙江天怀数智科技有限公司 (Tianhuai Digital Intelligence Technology)coreStrategic or Co-development Partner · 16 June 2026Strategic cooperation for AI computing infrastructure (AIDC) construction. Lesso provides pipe and building material solutions for data center projects while Tianhuai offers AIDC project development and technical services. Jointly developing overseas AIDC markets in Belt and Road countries and Southeast Asia.
• 宏远集团 (Hengyuan Group)minorStrategic or Co-development Partner · 1 November 2025Strategic cooperation between Lesso subsidiary Yigao Bathroom and Hengyuan Group to promote Bay Area residential quality upgrades.
• 宝龙集团 (Baolong Group)minorStrategic or Co-development Partner · 1 October 2025Strategic cooperation between Lesso subsidiary Yigao Bathroom and Baolong Group for product supply and installation service integration.
• ABB智慧建筑 (ABB Smart Building)coreGTM or Marketing Partner · 17 September 2025Strategic cooperation on micro circuit breakers, switches, and sockets products. Deep collaboration to promote smart building products in the electrical retail market.
• 新疆八钢国贸 (Xinjiang Bayi Steel International Trade)minorChannel Partner/ Reseller/ Distributor · 20 May 2019Strategic cooperation to jointly enter Central Asian Five countries market for pipe and building material distribution.

Scale indicators11 records

Recent moves20 records

Expansion highlights7 records

Direct peers

• Aliaxis: Aliaxis is a Belgian-headquartered global manufacturer of plastic pipe systems and fittings for building, infrastructure, and industrial applications. It is a direct competitor to Lesso across multiple geographies and product categories including water, gas, and drainage.
• Pipelife (Wienerberger): Pipelife is a leading European plastic pipe manufacturer (owned by Wienerberger) producing PVC, PE, and PP pipe systems for water supply, sewage, drainage, and cable protection. It is a direct competitor to Lesso's core pipe business in Europe and adjacent markets.
• Wavin (Orbia): Wavin is a global leader in plastic pipe systems and water management solutions owned by Orbia. It is the most direct international comparably to Lesso in PVC, PE, and PP-based pipe production for water, gas, and drainage applications across municipal, building, and agricultural segments.
• JM Eagle: JM Eagle is the world's largest PVC and PE plastic pipe manufacturer, focusing on water, sewer, irrigation, and industrial applications. It is a direct peer to Lesso across the core PVC/PE pipe product lines in North American and select overseas markets.
• Advanced Drainage Systems: Advanced Drainage Systems is a US-listed leader in water management solutions with a strong HDPE corrugated pipe portfolio for stormwater, drainage, and on-site wastewater applications. It is a direct peer to Lesso's stormwater/sewer pipe business in North America.
• Uponor: Uponor is a Finnish-listed global supplier of PEX, PE, and PP-R piping systems for plumbing, heating, cooling, and infrastructure. It is a direct peer to Lesso in PP-R water supply and radiant heating/cooling pipe categories.

Emerging players

• Astral Poly Technik: Astral Poly Technik is India's leading plastic pipe manufacturer serving plumbing, agriculture, and infrastructure markets. It is comparable to Lesso as a fast-growing emerging market pipe specialist with similar product breadth and channel-driven go-to-market.
• Prince Pipes and Fittings: Prince Pipes and Fittings is an Indian plastic pipe manufacturer serving plumbing, irrigation, and infrastructure. It is an emerging peer comparable to Lesso's pipe manufacturing footprint in PVC/CPVC/PP-R and provides a benchmark for emerging-market pipe specialist economics.

Others

• Sekisui Chemical: Sekisui Chemical is a Japanese diversified chemicals and plastics manufacturer with a sizable pipe systems (esp. sprinkler and infrastructure) business. It is a broad incumbent comparable to Lesso in water/sewer pipe categories and serves as a reference point for international expansion from Asia.

Broad incumbents

• Georg Fischer: Georg Fischer is a Swiss industrial conglomerate with a leading piping systems business supplying metal and plastic pipe solutions for utility, industrial, and building applications. It is a broad incumbent comparable to Lesso's specialty industrial pipe exposure.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/c/LESSOGroup
• Facebookfacebook.com/lessogroup
• LinkedInlinkedin.com/company/lesso

Compliance20 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries15 records

Funding overview

Funding rounds

Investors

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

M&A

Investments2 records

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

Frequently asked questions about China Lesso Group