1990

In 1989, a preparatory group was formed in rented premises of the Nanmenqiao garment factory. In March 1990, the Haiyang branch of the Guiyang Tool Factory opened in the workshops of the former woolen mill (address 239 North Xinqiao Street was assigned later). Production began with corrugated milling cutters and spline gauges. At the same time, a party cell consisting of four party members was established.

1992

1999

Due to the unfavorable international situation from 1990 to 1992, export orders declined. The leaders, following the spirit of the four perseverances, persistently sought markets and preserved the enterprise.

From 1993 to 1995, production was established, broaches and milling cutters were developed, and the main customer was the Feitian plant in Changzhou.

In 1998, due to the Asian financial crisis, exports declined, and the company shifted its focus to automotive cutting tools. In 1999, it took out a loan secured by all its assets, purchased a German grinding machine for 850,000 marks, and launched the production of broaches for automobiles.

1997

In 1996–1997, it was reorganized into the company "Haiyang Guigong", then the companies "Hengfeng" and "EST" were established, and the brand "Hengfeng" and the trademark EST were put into circulation.

2004

From 1989 to 1990, a branch of the tool factory was established at No. 239, Xinqiao North Road, producing milling cutters and gauges with a batch cell of 4 people.

2006

From 2004 to 2006, non-standard tools for turbines and measuring instruments were developed, raising the level of product modernization.

2007

In 2007, after a trip to Germany, German technologies were introduced and production of gear rolling tools was launched. Since 2008, the company has been offering comprehensive solutions for spline machining and inspection.

2008

In 2008, the largest broach (Ø230 mm, length 3 m) was manufactured for the Zhuzhou Gear Factory, becoming the first of its kind in the country and receiving high praise from the industry.

2010

In 2010, despite significant risks, the company developed broaches for turbine disk slots of gas turbines for the Harbin Turbine Factory. In 2013, this product was awarded the title of "first domestic complete set" and marked the beginning of insurance for such sets in China.

2009

2011

In 2009, the company acquired production facilities in Yuxin (Jiaxing) and relocated the steel drill production line there. Later, at the initiative of the Haiyan County leadership, production fully returned to Haiyan in 2012.

In 2011, the reorganization into a joint-stock company began, with the name changed to "Hengfeng Instruments Co., Ltd." In 2012, construction of a new production complex on Hengfeng Street started, completed at the end of 2014 and put into operation in 2015.

2012

In 2012, the national standard for spline measuring instruments, developed by the company, was officially approved and put into effect, marking an important milestone in its standardization work.

2014

On September 10, 2014, Xia Baolong visited the company. The management reported the serial production of spiral broaches for planetary reducers (developed over 8 years) — the company is the only one in the country and the fifth in the world in this field. The secretary called for further innovation.

2015

On July 1, 2015, the company successfully went public on the Shenzhen ChiNext board (stock code 300488) with an issue price of 20.11 yuan per share, raising 213 million yuan.

2016

In May 2016, Hengfeng Instruments (USA) was established. In 2017–2018, it provided sharpening services for North American customers in rented premises, and in 2019, it moved into its own building with an area of 2,400 square meters.

2017

2018

In 2017, the company completed the full acquisition of Zhejiang Shangyu Instruments Co., Ltd. In 2018, the construction and relocation to a new production facility in Wenling was completed, with a total investment of 130 million yuan, and a number of modern equipment was introduced.

In 2018, the company, together with Shanghai Jiao Tong University, Shanghai Aviation Factory, and Shanghai Turbine Factory, conducted research on high-efficiency cutting tools, for which it received the second prize of the National Science and Technology Progress Award.

2019

In 2019, the second phase of Haixing Street was completed. At the beginning of May, the workshop relocation began, and on May 21, the administrative staff moved into the new innovation building. The construction was under government supervision, and party activists from 36 party members frequently inspected the progress.

2020

2021

In 2020, on the 30th anniversary of the company, a celebration rally was held, and the company received the Zhejiang Government Quality Award. During the COVID-19 epidemic, the team implemented anti-epidemic measures, developed tools for masks, and provided necessary materials.

In 2021, the construction and renovation of production complexes were completed, and a sports field and canteen were built. The intelligent production modernization project progressed successfully. The company was awarded the title of national demonstration enterprise — the only one in its industry.

2022

On February 7, 2025, Secretary Wang Hao visited the company, emphasizing a focus on high-quality, intelligent, and green development of the manufacturing industry. On August 20, Governor Liu Jie visited the company, requiring a focus on the "132" strategy and strengthening innovation. In the same year, the company acquired the "Guangzhou Huizhuan" tap production line.

2024

2023

2025

On May 25, 2022, Yuan Jun visited Hengfeng Instruments, inspected its products and workshops, and highly praised its 30 years of innovative achievements.

In June 2024, the company established a subsidiary in Austria to strengthen its position in the European market. In September of the same year, it participated for the first time in the AMB exhibition in Germany on behalf of the Austrian subsidiary, promoting its development in the European market.

In March 2023, the company launched a convertible bond project of 620 million yuan to increase the production of precision instruments by 1.5 million units. On December 18, approval was obtained from the CSRC, and on January 19, 2024, the bonds were issued (code 123239), and they have been traded on the exchange since February 22.

1995