Xinghua Fortune Group

What Xinghua Fortune Group does

Xinghua Fortune Group (兴华财富集团) is a privately-held Chinese industrial conglomerate founded in 1985 by retired military veteran Chen Maochun and headquartered in Wu'an, Hebei. The company operates a vertically integrated steel value chain — iron-making, steel-making, rolling, sintering, pelletizing, captive power generation and oxygen production — across four production bases in Hebei, Shanxi, Ningxia and Fujian, with over 10,000 employees. Its flagship asset is the 20 billion CNY Fujian Longgang intelligent steel project in Zhangping, featuring a 1580mm hot-rolled line and full-process automated monitoring under the proprietary Five Factories One Control, Five Departments One Management operating model.

Beyond steel manufacturing, the group runs the Zhonglian Gangxin (中联钢信) industrial internet platform, which aggregates steel trading, logistics, procurement, finance and warehousing functions, plus adjacent businesses in real estate, tourism (Zongshu Mountain), mining, port storage, factoring, agriculture and environmental protection. The group monetizes through direct steel sales to industrial manufacturing enterprises, transaction-based revenue from the Zhonglian Gangxin B2B platform, real estate sales, and tourism and agricultural operations, with go-to-market executed via enterprise field sales, provincial government relationships and strategic partnerships with MCC Group, Shaanxi Gu Group, China Mobile Fujian, Tencent Cloud and Yonyou.

The group is now actively pursuing AI-driven industrial transformation, notably through a November 2025 collaboration with Beijing University of Science and Technology to explore Steel + DeepSeek applications, alongside an ESG reporting program and overseas tourism ventures (LAMANGA CLUB in Spain). Its strategic positioning combines deep vertical integration, multi-province scale and a proprietary digital platform, balanced by exposure to the cyclical and policy-driven Chinese steel market.

Name

Xinghua Fortune Group

Legal name

兴华财富集团有限公司

Website

https://xhcf.cc

Company type

Private

Founded year

1985

Operating status

Operating

Headcount range

1–10 employees

Short description

Xinghua Fortune Group is a privately-held Chinese steel conglomerate with vertically-integrated mills across four provinces, complemented by the Zhonglian Gangxin industrial internet platform, real estate, tourism and agriculture operations, serving Chinese industrial manufacturers and government accounts.

Ownership category

akta.pro rank

Product category

Steel Manufacturing

NAICS

Metal Service Centers and Other Metal Merchant Wholesalers (423510)

SIC

Steel Works, Blast Furnaces & Rolling Mills (Coke Ovens) (3312), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Coal & Metallurgical Coke Marketing & Trading (IMAKAJAH)

akta.pro secondary industry

Metals, Plastics & Fabrication Materials Marketplaces (CRAFAHAN)

Keywords

• Steel manufacturing
• Industrial internet platform
• Real estate development
• Tourism development
• Mining resources

Headquarters

HQ city

Wuan

HQ country

China

HQ region

Asia

Offices8 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. Steel Product Sales: Revenue from sales of steel products including H-section steel, rebar, and other steel varieties produced by the group's steel manufacturing facilities.
2. Industrial Internet Platform Services: The Zhonglian Gangxin (中联钢信) platform generates revenue through transaction fees, logistics services, bulk procurement facilitation, financial services, and warehousing services for the steel supply chain.
3. Real Estate Development: Revenue from development and sale of real estate properties including commercial complexes and residential projects.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Xinghua Fortune Group is a Chinese private conglomerate that primarily manufactures and sells steel products (including H-section steel, rebar, and hot-rolled strip steel) through subsidiaries such as Fujian Longgang, Shanxi Xinghua Steel, and Ningxia Xinghua Steel. It also operates the Zhonglian Gangxin (中联钢信) industrial internet platform, which integrates steel trading, logistics, centralized procurement, finance, and warehousing. Additional business lines include real estate development, rural tourism, mining, port storage, factoring, agriculture, and environmental protection.

Product overview

Xinghua Fortune Group operates a diversified conglomerate with steel manufacturing as its core business, organized as a platform-plus-modules architecture. The group comprises multiple steel production facilities (Fujian Longgang featuring 1580 hot-rolled production line, Shanxi Xinghua Steel, Ningxia Xinghua Steel), the Zhonglian Steel E-Commerce Platform for digital trading and logistics, real estate development, tourism (Zongshu Mountain), mining, port storage, factoring, agricultural development, and environmental protection industries. The industrial internet platform Zhonglian Steel integrates steel trading, logistics, centralized procurement, finance, and warehousing services.

Differentiator

Problem solved

Functional benefit

Brands

• 中联钢信 (Zhonglian Gangxin): Industrial internet and steel e-commerce platform integrating steel trading, logistics, centralized procurement, finance, and warehousing.
• 福建龙钢 (Fujian Longgang)

Products and services

• Fujian Longgang (福建龙钢) Steel Products Steel products including H-section steel, rebar, and 1580mm hot-rolled strip steel, manufactured using an intelligent Industrial 4.0 demonstration production line with full-process digital management from raw material procurement to warehousing logistics, targeting steel-consuming manufacturing enterprises.
• Zhonglian Gangxin (中联钢信) Industrial Internet Platform

Quantifiable outcome

• Smart factory production line efficiency improved by over 20%
• +4 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

14 partnerships are on record, tiered core, major, flagship and minor.

• Minxi Vocational and Technical College (闽西职业技术学院)coreStrategic or Co-development Partner · 22 April 2026Fujian Dragon Steel and Minxi Vocational and Technical College signed a strategic cooperation framework agreement. The partnership covers joint talent cultivation, technical R&D collaboration, shared platforms, order-based class programs, and employee skills training. The college will leverage its faculty and teaching resources to serve Dragon Steel's talent needs.
• Beijing University of Science and Technology (北京科技大学)coreTechnology or Integration · 25 November 2025Xinghua Fortune Group signed a strategic cooperation agreement with Beijing University of Science and Technology at the university's campus. The collaboration focuses on scientific and technological innovation, deep integration of industrial and academic research, and exploration of 'Steel + DeepSeek' applications and AI-driven industrial transformation. Chen Maochun led a delegation to Hangzhou to engage with Hangzhou government and Hangzhou Iron and Steel Group on AI and industrial internet innovation.
• Longyan University (龙岩学院)majorStrategic or Co-development Partner · 17 October 2025Fujian Dragon Steel and Longyan University signed a strategic cooperation agreement and launched a composite innovative talent training program. The collaboration aims to build industry-education integration and talent development for the local steel industry.
• Zhangping Taiwan Entrepreneurship Park / Metallurgical Industry Information Standards Institute / Metallurgical Industry Planning Institute / Multiple Steel Industry GiantsflagshipStrategic or Co-development Partner · 9 September 2025Xinghua Fortune Group hosted the 'Smart New Factory, Win-Win New Future' 9.9 New Quality Productivity Conference at the Fujian Dragon Steel Intelligent Control Center. The event was co-organized with multiple government bodies and industry research institutions, gathering steel industry leaders to discuss intelligent manufacturing, industrial internet, and green development.
• Shaanxi Gu (陕鼓集团)coreTechnology or IntegrationComprehensive strategic cooperation and Party-building joint initiative signed in 2022 between Xinghua Fortune Group and Shaanxi Gu Group. The partnership covers industrial equipment supply, energy management, environmental protection technology, and financial cooperation for the Fujian Dragon Steel project.
• China Metallurgical Group (中冶赛迪集团)coreTechnology or IntegrationStrategic cooperation signed in April 2020 between Xinghua Fortune Group and MCC SiDi Group, covering intelligent manufacturing, equipment supply, and technical services for the Fujian Dragon Steel project.
• China National Heavy Machinery Research Institute (中国重型机械研究院)coreTechnology or IntegrationStrategic partnership covering metallurgical equipment R&D, technical services, and project cooperation for Dragon Steel智能化钢铁 project.
• China Mobile Communications Group Fujian Company (中国移动通信集团福建公司)majorTechnology or IntegrationStrategic cooperation signed in May 2022 between Fujian Dragon Steel and China Mobile Fujian. The partnership leverages each party's resource advantages to deepen cooperation in industrial manufacturing intelligence and support steel industry digital transformation and green low-carbon development.
• China Railway Express Co., Ltd. (中铁快运股份有限公司)majorStrategic or Co-development PartnerStrategic cooperation agreement signed in March 2024 at Fujian Dragon Steel, covering logistics and supply chain services for steel product distribution.
• Tencent Cloud (腾讯云)majorTechnology or IntegrationTechnology partnership for the Zhonglian Gangxin industrial internet platform, covering cloud computing, AI, and big data applications for the steel industry.
• Yonyou Software (用友集团)majorTechnology or IntegrationTechnology partnership for ERP system development and digital transformation of the steel business, with the NC信息化 project launched in 2014.
• Fujian Provincial Red Cross Society (福建省红十字会)minorOthersGroup received the Fujian Red Cross Humanitarian Silver Medal in 2019. Chen Maochun was appointed Honorary Executive Director of the Fujian Red Cross Society.
• Palm Tree Mountain Tourism Company (福建棕树山旅游发展有限公司)coreStrategic or Co-development PartnerA subsidiary fully invested by Xinghua Fortune Group, focusing on rural tourism development and rural revitalization. The company implements the 'Palm Tree Mountain Model' with village collective + farmer + company + platform' equity structure, driving agricultural and tourism integration.
• Spain LAMANGA CLUB / Mediterranean Wealth Company (西班牙LAMANGA CLUB)minorStrategic or Co-development PartnerCooperation signed in 2016 for agricultural and tourism real estate projects. Xinghua Fortune Group and Puyang Steel Group jointly visited Spain to inspect fruit and vegetable planting bases and automated processing facilities, and LA MANGA CLUB resort, reaching cooperation intentions for agricultural and tourism real estate development.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Liugang Group (Liuzhou): Chinese steel group with multi-faceted industrial operations including steel, logistics, and trading. Comparable as a regional Chinese steel conglomerate with similar integrated business model.
• Hebei Iron and Steel Group (HBIS): One of China's largest state-owned steel producers headquartered in Hebei, the same province where Xinghua Fortune's steel manufacturing roots lie. Directly comparable product lines (H-beam, rebar, hot-rolled strip) and overlapping customer base in Chinese construction and infrastructure.
• Pangang Group (攀钢集团): Large Chinese steel and vanadium producer with integrated mining and steel operations. Comparable in vertical integration from iron ore through finished steel and in pursuing intelligent manufacturing upgrades.
• Hangzhou Iron and Steel Group: Chinese steel maker confirmed as an in-group partner site visit by founder Chen Maochun in 2025. Comparable as a Chinese steel group pursuing AI and industrial internet innovation.
• Liuzhou Iron and Steel Group (Liuzhou Steel): Chinese steel group with diversified operations including steel, real estate, and logistics. Comparable as a multi-business industrial group operating in domestic steel markets with similar portfolio breadth.
• Shougang Group: Major Chinese steel and mining conglomerate with integrated production and an industrial internet platform. Comparable as a Chinese steel group pursuing digital transformation and intelligent manufacturing across multiple production bases.
• Tangsteel (Tangshan Iron and Steel Group): Major Chinese steel producer in Hebei region with hot-rolled strip capability like Fujian Longgang. Closely comparable in product portfolio and Chinese domestic market focus.

Regional players

• Donghai Special Steel: Mid-sized Chinese private steel producer with similar size and product line focus. Comparable as a privately-held Chinese steel company competing in domestic strip and rebar markets.

Direct peers

• Jianlong Steel: Large private Chinese steel group with multiple production bases and iron ore assets. Comparable in private-enterprise status, geographic diversification across Hebei and other provinces, and project scale.
• Delong Steel (Delong Holdings): Private Chinese steel producer with multi-base production (Hebei, Yunnan, etc.) and a comparable mid-tier scale. Closest direct private-sector peer in business model, geographic footprint, and capital intensity.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries10 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 Xinghua Fortune Group