What 伟星集团有限公司 does

Weixing Group Co., Ltd. (伟星集团有限公司) is a privately held Chinese industrial conglomerate founded in September 1976, headquartered in Linhai, Zhejiang Province. The group operates across six distinct industries: apparel accessories (伟星股份, Weixing Shares, Shenzhen Stock Exchange 002003), new plastic pipe systems and building materials (伟星新材, Weixing New Materials / VASEN, listed on Shenzhen Stock Exchange), optical lenses (伟星光学, Weixing Optics), real estate development (伟星房产), hydropower generation (伟星水电), and equity investment (伟星资本, founded 2010). It operates 20 industrial parks across China (Zhejiang, Shenzhen, Shanghai, Tianjin, Chongqing, Xi'an) and overseas (Bangladesh, Thailand, Vietnam), employs 15,000+ people, and reports total assets exceeding 200-300 billion yuan (sources conflict). Two listed subsidiaries generate the bulk of operating revenue, with 伟星新材 alone holding 1,500+ patents, participating in 140+ national and industry standards, and achieving 97.82 billion yuan brand value (ranked #6 in building materials sector, 2024 China Brand Value Evaluation). The group was ranked 283rd in the 2024 China Private Enterprise 500 and 198th in the China Manufacturing Private Enterprise 500, both first among companies in Taizhou City.

The group's core products include PP-R pipe systems, waterproofing, clean water, heating, kitchen/bath products (sub-brands: 伟星管, 伟星净水, 伟星采暖, 伟星厨卫, KALE, 星管家), apparel accessories (buttons, zippers, metal/plastic parts, webbing — annual capacity 11.6 billion buttons and 850 million meters of zippers), resin photochromic and progressive multifocal lenses, hydropower from 3 plants across 4 rivers in Yunnan (including Asia's highest-head small/medium hydropower station), and 130+ developed residential properties plus 8 commercial complexes. Weixing New Materials' products have been applied in landmark projects including the Bird's Nest, Water Cube, Hong Kong-Zhuhai-Macao Bridge, Beijing Daxing International Airport, Lanzhou Zhongchuan Airport Phase III, the São Paulo World Cup Stadium, and a US merchant marine polar cruise ship. The Bangkok No. 1 project achieved LEED Platinum, WiredScore Platinum, and SmartScore Platinum certifications — the first triple-Platinum in Thailand and Asia-Pacific.

Revenue mechanics span B2B direct enterprise sales for major infrastructure and apparel projects, a nationwide VASEN branded retail store network for residential pipe consumers, B2C property sales via 伟星房产, grid-connected electricity sales from hydropower plants, and equity investment returns from 伟星资本. Go-to-market combines enterprise field sales (for landmark projects and global apparel brands), channel partners (VASEN brand stores, international exhibitions like the Canton Fair), and a celebrity-endorsed consumer brand campaign (actress Liu Shishi as VASEN Water Ecosystem ambassador). The group maintains government relationships (Taizhou municipal leadership visits, banking-sector endorsements from SPDB and Zheshang Bank) and academic collaborations (Zhejiang University, Zhejiang University of Technology, Jiangnan University, Shaanxi University of Science and Technology) via national postdoctoral research workstations. No specific pricing is publicly disclosed; revenue is determined by project specifications, order volume, and market conditions across B2B and B2C channels.

Name

伟星集团有限公司

Legal name

伟星集团有限公司

Website

https://weixinggroup.com

Company type

Private

Founded year

1976

Operating status

Operating

Headcount range

11–50 employees

Short description

Weixing Group Co., Ltd. is a privately held Chinese industrial conglomerate founded in 1976, operating across six industries — apparel accessories, PP-R pipe systems, optical lenses, real estate, hydropower, and equity investment — with 15,000+ employees, 20 industrial parks in China and overseas, and two listed subsidiaries (伟星股份 stock code 002003 and 伟星新材).

Ownership category

akta.pro rank

Headquarters

HQ city

临海市 (Linhai)

HQ country

China

HQ region

Asia

Offices9 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 伟星股份 — 服饰辅料: Manufacturing and sales of apparel and bag accessories including buttons, zippers, metal/plastic parts, webbing, rope bands, tags. Revenue from global apparel brands and fashion companies. Listed on Shenzhen Stock Exchange (002003).
2. 伟星新材 — 新型塑料管道及系统解决方案: R&D, production, and sales of high-quality new plastic pipes (PP-R管道) and whole-house Weixing system solutions. Also expanded into waterproofing, clean water, and comfort home segments. Listed on Shenzhen Stock Exchange. Brand value 97.82 billion yuan (2024).
3. 伟星光学 — 眼用光学镜片: Production and sales of high-quality optical lenses for eyewear. Leading domestic functional lens manufacturer with nationwide and global sales network.
4. 伟星房产 — 房地产开发与运营: Real estate development covering high-end residential, commercial real estate, industrial plants, and property services. Has developed 130+ premium properties and 8 commercial complexes. Focuses on Zhejiang and Anhui provinces, expanding in East and Central China.
5. 伟星水电 — 水电开发运营: Investment and development of small/medium hydropower plants in Yunnan since 2004. Developed 3 hydropower plants across 4 rivers, operating green energy.
6. 伟星资本 — 股权投资: Professional equity investment established in 2010, focusing on intelligent manufacturing, import substitution, new energy, next-gen IT, and new materials. Investment platforms include 浙江伟星创业投资有限公司, 伟星资产管理（上海）有限公司, and 浙江伟星资产管理有限公司.

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Weixing Group is a diversified industrial conglomerate manufacturing and selling products across six industries: apparel accessories (buttons, zippers — Weixing Shares, stock code 002003), new plastic piping systems and whole-house solutions (PP-R pipes, waterproofing, water purification, heating — Weixing New Materials), optical lenses (photochromic, progressive multifocal, myopia control — Weixing Optics), real estate development (130+ premium properties, 8 commercial complexes — Weixing Real Estate), small/medium hydropower generation (3 plants across 4 rivers in Yunnan — Weixing Hydropower), and equity investment (intelligent manufacturing, new energy, new materials — Weixing Capital). Operates 20 industrial parks globally with 15,000+ employees.

Product overview

Weixing Group is a diversified industrial conglomerate founded in 1976 with total assets exceeding 20 billion RMB and 15,000+ employees across six major industries. The group comprises two listed companies (伟星股份 and 伟星新材) and four other major business units. The product portfolio centers on: (1) 伟星股份 — garment and luggage accessories (buttons, zippers, etc.) with 11.6 billion buttons and 850 million meters of zippers annual capacity; (2) 伟星新材 (VASEN) — new plastic pipes and whole-house solutions including waterproofing, water purification, and heating, with products used in landmark projects like Bird's Nest, Water Cube, and Hong Kong-Zhuhai-Macao Bridge; (3) 伟星光学 — optical lenses including color-changing, progressive multifocal, and myopia control lenses; (4) 伟星房产 — real estate development with 130+ buildings and 8 commercial complexes; (5) 伟星水电 — hydropower development with 3 operational plants in Yunnan; (6) 伟星资本 — equity investment and asset management focusing on intelligent manufacturing and new materials. The group operates 20 industrial parks across Zhejiang, Shenzhen, Shanghai, Tianjin, Chongqing, Xi'an, Bangladesh, Thailand, and Vietnam.

Differentiator

Problem solved

Functional benefit

Brands

• 伟星管: Pipe and plumbing product brand under Weixing New Materials.
• 伟星净水
• 伟星采暖
• 伟星厨卫
• KALE咖乐
• 星管家
• 伟星资本

Products and services

• Apparel Accessories (Buttons, Zippers, Metal/Plastic Hardware, Webbing) Manufacturing and sales of buttons, zippers, metal/plastic products, ribbons, ropes, tags, and luggage accessories for global apparel brands. Annual production capacity of 11.6 billion buttons and 850 million meters of zippers across 10+ global production bases. Provides one-stop full-process service and tailored customized solutions.
• PP-R Pipes and Whole-House Plastic Pipe Systems (VASEN) R&D, production, and sales of high-value-added plastic pipes and whole-house Weixing system solutions. Includes water supply, drainage, sewage, waterproofing, clean water, gas, heating, ship, and power applications. Sub-brands: 伟星管 (Pipe), 伟星净水 (Water Purification), 伟星采暖 (Heating), 伟星厨卫 (Kitchen & Bath), KALE咖乐. Features Star Butler (星管家) after-sales service.
• Jieliu Siphon Drainage System (伟星捷流虹吸系统) Siphon drainage system for major infrastructure projects, providing safe drainage and sandstorm defense capabilities. Selected for full-system support at Lanzhou Zhongchuan International Airport Phase III expansion and other national key aviation projects.
• Functional Optical Lenses Production and sales of high-quality eyeglass optical lenses, including resin photochromic lenses, progressive multifocal lenses, youth myopia control lenses, anti-fatigue lenses, and blue-light blocking premium lenses. Production bases in Linhai and Shanghai. The first domestic photochromic lens manufacturer and leading functional lens production enterprise.
• Real Estate Development (Weixing Real Estate) Real estate development covering high-end residential, commercial real estate, industrial plants, and property services. Operating in Zhejiang and Anhui provinces with expansion into East and Central China. Dual-wheel drive strategy (residential + commercial).
• Hydropower Generation (Weixing Hydropower) Investment, development, and operation of small and medium hydroelectric power plants. Operates 3 power plants across 4 rivers in Yunnan Province, including the Nanjiluo River Hydropower Plant (Asia's first highest-head power plant of its scale among private hydropower stations). Generates green/clean energy sold to the grid.
• Equity Investment and Asset Management (Weixing Capital) Professional equity investment platform focusing on intelligent manufacturing, import substitution, new energy, next-generation IT, and new materials sectors. Manages capital deployment through three investment platforms aligned with national strategic emerging industries.

Quantifiable outcome

• 伟星新材 brand value reached 97.82 billion yuan, brand strength 914, ranked 6th in building materials sector (2024 China Brand Value Evaluation)
• +7 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Seven partnerships are on record, tiered flagship, core and minor.

• Bangkok No. 1 (曼谷一号), Bangkok, ThailandflagshipStrategic or Co-development Partner · 1 January 2025伟星新材 partnered with the Bangkok No. 1 real estate project in Thailand, providing the entire drinking water pipe system solution for this landmark development. The project achieved LEED Community Development Platinum certification, and is the first in Thailand and Asia-Pacific to receive both WiredScore Platinum and SmartScore Platinum certifications.
• 兰州中川国际机场三期扩建工程 (Lanzhou Zhongchuan International Airport Phase III)coreStrategic or Co-development Partner · 1 January 2025伟星新材's 伟星捷流虹吸系统 (Jieliu siphon drainage system) was selected for the Lanzhou Zhongchuan Airport Phase III expansion — a national key transportation infrastructure project and Gansu Province's 'first priority project'. The system provides full drainage and sandstorm defense services.
• ASEAN Delegation / ASEAN Secretariat (东盟代表团)coreStrategic or Co-development Partner · 1 December 2024ASEAN Secretary's Special Assistant and President of ASEAN Trade Promotion Association 波尚琅 led an ASEAN delegation to visit 伟星股份 on December 2, 2024. The delegation expressed admiration for 伟星股份's overseas investment, fashion design, and digital construction achievements, and expressed desire to strengthen cooperation, noting ASEAN's stable political environment and manufacturing potential.
• 台州市人民政府 (Taizhou Municipal People's Government)coreStrategic or Co-development Partner · 1 February 2024Taizhou City Deputy Secretary and Mayor 沈铭权 visited 伟星光学 on February 23, 2024, touring production facilities and R&D centers. The mayor encouraged the company to strengthen independent innovation, accelerate technology commercialization, optimize product structure, and achieve the optical listing goal.
• 伟星股份 — 知名服饰品牌战略合作伙伴 (Global Apparel Brand Partners)coreChannel Partner/ Reseller/ Distributor · 1 January 2024伟星股份 has become a strategic partner for globally renowned apparel brands, providing buttons, zippers, and integrated accessories solutions. Serves as the industry's most complete apparel accessories provider and industry leader.
• 伟星股份 — 浙江大学, 浙江工业大学, 江南大学, 陕西科技大学 (University Collaborations)coreStrategic or Co-development Partner · 1 January 2024伟星股份 collaborates with Zhejiang University, Zhejiang University of Technology, Jiangnan University, and Shaanxi University of Science and Technology for joint research and high-level talent cultivation through its national postdoctoral research workstation.
• 第134届中国进出口商品交易会 (Canton Fair)minorChannel Partner/ Reseller/ Distributor · 1 January 2023伟星新材 exhibited at the 134th China Import and Export Fair (广交会), showcasing innovative products and systems to international buyers. The company received positive recognition for its professional capabilities and brand image.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• REHAU: REHAU is a German polymer-based building solutions provider offering pipe systems, waterproofing, and heating solutions — directly comparable to Weixing New Materials' whole-house product strategy including pipes, waterproofing, and heating.
• Yonggao Co., Ltd. Yonggao is a major Chinese plastic pipe manufacturer (listed on Shenzhen Stock Exchange) directly competing with Weixing New Materials in PP-R pipes, PVC, and PE pipe systems for construction and infrastructure applications in China.
• Georg Fischer AG: Georg Fischer's Piping Systems division is a major global manufacturer of plastic and metal piping systems for building, industrial, and utility applications, directly comparable to Weixing New Materials' core plastic pipe business.
• YKK Group: YKK is the global leader in zippers and fastening products, directly comparable to Weixing Shares' apparel accessories business. Both companies serve major international fashion brands with high-volume manufacturing capacity.
• Uponor: Uponor is a leading European provider of plumbing, heating, and cooling pipe systems, with comparable PP-R and PEX product lines to Weixing New Materials. Both focus on integrated system solutions for residential and commercial buildings.
• Aliaxis Group: Aliaxis is a global leader in plastic pipe systems for building, infrastructure, and industrial applications, with comparable product breadth and international distribution to Weixing New Materials' plastic piping systems.
• Riri Group: Riri is a Swiss manufacturer of zippers, buttons, and metal accessories for luxury fashion brands — directly comparable to Weixing Shares in product category and premium fashion customer base, though smaller in scale.

Broad incumbents

• Hoya Corporation: Hoya is a Japanese diversified technology company with a major optical lens division producing premium eyewear lenses, comparable to Weixing Optics' functional lens offerings. Hoya operates at greater international scale.
• Essilor International: Essilor is the global leader in ophthalmic lenses, serving as a broader incumbent comparable to Weixing Optics. Both produce premium functional lenses (photochromic, progressive, myopia control), though Essilor operates at vastly larger scale and broader geographic reach.
• Wienerberger AG: Wienerberger is a European building materials conglomerate offering pipe systems, bricks, and roofing solutions. Comparable as a broader incumbent in building materials distribution with system solutions similar to Weixing New Materials' VASEN brand portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/%E4%BC%9F%E6%98%9F%E9%9B%86%E5%9B%A2%E6%9C%89%E9%99%90%E5%85%AC%E5%8F%B8

Compliance22 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 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 伟星集团有限公司