Hailiang Group

What Hailiang Group does

Hailiang Group is a privately held, founder-controlled Chinese diversified conglomerate founded in 1989 in Zhuji, Zhejiang, now headquartered in Hangzhou's Binjiang District. It operates through three publicly listed subsidiaries — Zhejiang Hailiang Co., Ltd. (Shenzhen: 002203) for non-ferrous metals manufacturing, Hailiang Education Group (NASDAQ: HLG) for K-12 and international education, and Hailiang International Holdings (HK: 02336) — alongside non-listed operations in real estate, fresh food supply chain (Mingkanghui), industrial finance, environmental protection, biotechnology, and elderly care. The group employs 24,000+ people across 13 countries and regions, with reported 2019 revenue of RMB 187.9 billion and total assets exceeding RMB 570 billion.

The group's core technology and revenue engine is Hailiang Stock's copper processing platform, producing copper tubes, rods, pipe fittings, conductor new materials, and aluminum-based new materials through 23 production bases spread across Asia, the Americas, and Europe. Hailiang Stock is described as a benchmark and leader in the global copper tube and rod processing industry and won the China Industry Award in 2022. Recent capital deployments include a USD 860 million Indonesia copper foil project (2023), a new materials industrial park in Morocco (2024), a joint venture with Saudi Arabia's Rawas Company for high-end copper manufacturing (2026), and an Advanced Liquid Cooling Technology Joint Research Center with Tsinghua University (2026), signaling a strategic pivot toward EV battery foil, data-center thermal management, and Middle East/North African manufacturing.

Hailiang's business model is a multi-segment hybrid. The copper segment uses commodity LME pricing plus processing fees and direct enterprise sales to industrial customers globally. The education segment uses a recurring subscription model across 23 schools serving 60,000+ students. Mingkanghui operates a transaction-based direct-to-consumer fresh food model through nearly 400 community stores in the Yangtze River Delta, supported by full cold chain logistics including China's first fully automated fresh food packaging line. Real estate operates on a project-based one-time sales model across 20+ Chinese cities with overseas expansion to Australia. The company is currently navigating a leadership transition, with Wang Lihong succeeding Feng Yali as Party Secretary and Chairman.

Name

Hailiang Group

Legal name

Hailiang Group Co., Ltd. (海亮集团有限公司)

Website

https://hailiang.com

Company type

Private

Founded year

1989

Operating status

Operating

Short description

Hailiang Group is a privately held Chinese conglomerate founded in 1989, operating across copper manufacturing (Hailiang Stock), K-12 education (Hailiang Education, NASDAQ:HLG), fresh food supply chain (Mingkanghui), real estate, and industrial finance, with 24,000+ employees and operations in 13 countries.

Ownership category

akta.pro rank

Product category

Non-ferrous Metals Manufacturing

NAICS

Fabricated Pipe and Pipe Fitting Manufacturing (332996)

akta.pro primary industry

Pipe & Tube Manufacturing (Seamless & Welded OCTG/Line Pipe/Structural Tube) (IMAKABAI)

Keywords

• Non-ferrous metals manufacturing
• Copper products processing
• K-12 education services
• Fresh food supply chain
• Real estate development

Headquarters

HQ city

Hangzhou

HQ country

China

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Non-ferrous Metals Manufacturing: Copper and copper alloy product manufacturing and sales through listed subsidiary Hailiang Stock (002203). Products include copper tubes, rods, pipe fittings, and new materials. Global operations with 23 production bases serving industrial customers.
2. Basic Education: Education services through Hailiang Education Group (HLG, listed on NASDAQ). Operates 23 schools including primary, middle, high schools, international schools, and kindergartens serving over 60,000 students.
3. Agricultural Products (Mingkanghui): Full fresh food supply chain including modern agricultural production, fresh supply chain, cold chain logistics, and smart retail. Serves G20 Summit and Asian Games. Operates nearly 400 community stores.
4. Real Estate Development: Property development, construction, and property management services through Hailiang Real Estate. Operations in 20+ Chinese cities with overseas expansion to Australia.
5. Industrial Finance: Financial services including Hailiang Group Financial Co., Haibao Microfinance, Hailiang Financial Leasing, and stakes in Yinhang Bank and Hangyin Consumer Finance.

Pricing tiers

Go-to-market motion3 records

Distribution channels4 records

Marketing channels4 records

Core offering

Hailiang Group is a diversified Chinese conglomerate whose core business is non-ferrous metals manufacturing—producing copper tubes, rods, pipe fittings, and new copper conductor materials through 23 production bases globally. Beyond its manufacturing core, the group operates parallel businesses in K-12 education (Hailiang Education), real estate development, fresh food supply chain (Mingkanghui), industrial finance, and environmental protection services.

Product overview

Hailiang Group is a diversified conglomerate with three core listed subsidiaries: Hailiang Stock (non-ferrous metals manufacturing, SZ:002203), Hailiang Education (education services, NASDAQ:HLG), and Hailiang International (HK:02336.HK). The group's main business segments include: Hailiang Manufacturing (copper products and new materials), Hailiang Education (K-12 education, preschool education, and educational technology services), Mingkanghui (fresh food supply chain with G20 supplier credentials), Hailiang Real Estate (property development), Industrial Finance (financial services), and Environmental Protection. The company operates across 13 countries and regions with 23 production bases worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Hailiang Education (海亮教育): Basic education and education technology services, including primary, secondary, international education, and training programs.
• Hailiang Shares / Hailiang Copper (海亮智造)
• Mingkanghui (明康汇)
• Hailiang Real Estate (海亮地产)
• Hailiang Financial (海亮金融)
• Hailiang Environmental (海亮环保)
• Hailiang Happiness Home (海亮幸福院)
• 融爱星 (Rongai Star)
• Hailiang Mingde Institute (海亮明德院)
• Hailiang Science and Technology Services (海亮科服)

Products and services

• Hailiang Stock (海亮股份) - Copper Products Manufacturing Core non-ferrous metals manufacturing subsidiary producing copper tubes, copper rods, copper pipe fittings, conductor new materials, and aluminum-based new materials. Operates 23 production bases across Asia, Americas, and Europe, serving industrial customers globally with HVAC, plumbing, and industrial application products. Winner of China's highest industrial award - China Industry Award (2022).
• Hailiang Education (海亮教育) - K-12 Education Services Basic education, international education, preschool education, and educational technology services. Operates 23 schools including primary, middle, high schools, international schools, and kindergartens, serving over 60,000 students and teachers.
• Hailiang Real Estate (海亮地产建设) - Property Development Comprehensive real estate developer with operations spanning residential and commercial property development, construction, and property management services. Operates in over 20 cities across China with overseas expansion to Australia.
• Mingkanghui (明康汇) - Fresh Food Supply Chain Full-chain modern agricultural and fresh food supply chain enterprise including agricultural production, fresh supply chain, cold chain logistics, and smart retail. Serves as the official fresh food supplier for Hangzhou G20 Summit and Hangzhou Asian Games. Operates nearly 400 community stores in Yangtze River Delta cities. Features an intelligent logistics park exceeding 40,000 square meters and China's first fully automated fresh food packaging and sorting line.
• Industrial Finance Services Comprehensive professional financial services including Hailiang Group Financial Co., Ltd. (enterprise financial services), Zhejiang Haibo Micro-credit Co., Ltd. (microfinance), Zhejiang Hailiang Financial Leasing Co., Ltd. (financial leasing), and equity stakes in Bank of Ningxia and Hangzhou Yincheng Consumer Finance.
• Hailiang Environmental Protection (海亮环保) Environmental remediation and protection services including wastewater treatment, exhaust gas governance, and SCR denitration catalyst development for environmental new materials.
• Hailiang Preschool Education (海亮学前教育) Preschool education group providing early childhood education services for children aged 0-7, including nursery and kindergarten programs. Operates dozens of campuses serving over 10,000 students and teachers.
• Rong'ai Learning Garden (融爱学园) - Special Education and Care Special education and care center for children with autism and developmental needs, providing natural therapy and rehabilitation services as part of Hailiang Group's social responsibility initiatives.
• Hailiang International Holdings (海亮国际控股) Hong Kong-listed comprehensive international investment and trading platform serving as an overseas subsidiary of Hailiang Group.

Quantifiable outcome

• G20 Summit and Asian Games supplier
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Two partnerships are on record, tiered core.

• Tsinghua UniversitycoreTechnology or Integration · 18 June 2026Tsinghua University and Zhejiang Hailiang Stock Co., Ltd. jointly established the Advanced Liquid Cooling Technology Research Center. The center focuses on R&D for advanced liquid cooling technology applications, with揭牌仪式 held at Tsinghua University.
• Saudi Rawas CompanycoreStrategic or Co-development Partner · 13 April 2026Zhejiang Hailiang Stock Co., Ltd. signed agreement with Saudi Arabia's Rawas Company to jointly invest in building copper product high-end manufacturing factory in Saudi Arabia. Strategic partnership for Middle East market expansion aligned with Saudi Vision 2030.

Scale indicators9 records

Recent moves14 records

Expansion highlights6 records

Direct peers

• Luvata: Finland/UK-based global producer of copper and specialty alloy products serving electrical, automotive, industrial and renewable energy applications. Directly overlaps with Hailiang Stock in copper tube/rod processing and competes for the same downstream electrification customers.
• TAL Education Group: China-based K-12 and adult education company listed in the US offering tutoring, learning content and educational technology. Closest pure-play peer to Hailiang Education's K-12 focus and equally exposed to Chinese education policy and US-listing risks.
• Mueller Industries: US-listed manufacturer of copper, brass, aluminum and plastic products including copper tubes, fittings and rods sold primarily to plumbing, HVAC and industrial markets. Directly comparable business mix to Hailiang Stock with similar product engineering and B2B distribution.
• Wieland Group: Germany-headquartered global manufacturer of semi-finished copper and copper-alloy products (rods, tubes, strips) serving electrical, electronics and HVAC markets. Closest global peer to Hailiang Stock, including overlap on product range and European footprint that Hailiang entered via the KME acquisition.
• New Oriental Education & Technology Group: China's largest private education provider offering K-12 tutoring, test prep and overseas study services. Most directly comparable peer to Hailiang Education across the Chinese private education space, including overlap on US listing history and regulatory exposure.
• Ningbo Jintian Copper (Jintian Copper Group): One of China's largest copper tube and rod manufacturers, competing head-to-head with Hailiang Stock in domestic and export markets for processed copper products used in HVAC, plumbing and electrical applications. Both companies chase similar downstream customers and overlap on global expansion ambitions.

Broad incumbents

• Fosun International: Privately founded Chinese conglomerate with global holdings across health, happiness (tourism/lifestyle), insurance/finance and intelligent manufacturing. Closest Chinese peer to Hailiang Group as a diversified private conglomerate pursuing parallel domestic and international capital-markets strategies.
• Jiangxi Copper Company: China's largest integrated copper producer combining mining, smelting and processing of copper cathode, rod and other products. Larger and more vertically integrated than Hailiang Stock, but operates in the same non-ferrous metals value chain with overlapping end-customer exposure.
• China Hongqiao Group: Largest Chinese aluminum producer with growing copper and new-energy materials exposure (aluminum foil for batteries). Comparable to Hailiang Stock on non-ferrous metals scale and downstream new-energy materials pivot.
• Aluminum Corporation of China (CHALCO): State-owned non-ferrous metals conglomerate producing aluminum, copper and other base metals across mining, smelting and processing. Comparable to Hailiang Group in being a major Chinese non-ferrous metals platform and vertically integrated across the supply chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat2 records

Key risks6 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/hai-liang

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries17 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 Hailiang Group