A strong growth momentum has been shown in Foshan Sanlongwan High-end Innovation Cluster (hereinafter referred as Sanlongwan), with more corporate headquarters settling to create outstanding economic performance. On February 23, a commercial service plot in the Nanhai area of Sanlongwan that covers an area of 14,907.99 square meters went on public bidding. Hongwang Group won the bid for 107 million yuan. Surrounded by Gangkou Road (Guicheng, Nanhai), Linyin Avenue and Luweiqiao Waterway, the plot is known as a key area in Wenhanhu Lake International High-tech Innovation Town.

As planned, Hongwang Group will invest a total of 500 million yuan to build a headquarter building that covers a floor area of 42,000 square meters. It is expected that the company will have production value of more than 10 billion yuan that brings along a tax revenue of 45 million yuan for Nanhai each year. (see picture) 

Company profile

Founded in 2003, Hongwang Group is a high-tech new-material producer with a strong track record of growth over the years. Rated as a national high-tech enterprise, Hongwang specializes in manufacturing cold-rolled stainless-steel coils and fine finishing color coated steel products. Now the group is well-positioned to become a flagship in China’s cold-rolled stainless-steel industry. Hongwang Group ranks 485th among the top 500 Chinese enterprises in 2020, 231st among the top 500 Chinese manufacturing enterprises; 244th among the top 500 Chinese private enterprises, and 138th among the top 500 Chinese private manufacturing enterprises.

Similarly, Joyy Group, an IT powerhouse, also won the bid on February 8th for a nearby land plot funded by a 2.3-billion-yuan investment to forge a highly complementary industrial zone. (see picture)

In recent years, a wide array of high-tech start-ups have landed their business focus in Nanhai area of Sanlongwan – Huya Global R&D Headquarters, Foxconn Industrial Innovation Vally (Foshan), Litai Group Headquarters and so on. Hopefully, the joining of Hongwang Group will inject new impetus in Sanlongwan’s growth story.

Foshan places Sanlongwan on a top strategic height as “the front way” for Guangzhou-Foshan high-tech development and the Guangdong-Hong Kong-Macao Greater Bay Area (GBA) as a whole. With more and more corporate headquarters settling here, Sanlongwan works in pursuit of vigorous growth in emerging industries like IT, Industrial Internet, 5G IOT, AI and e-sports. A more comprehensive industrial layout will take shape in the area, promoting the high-quality development of Foshans manufacturing industry.

Wenhanhu Lake International High-tech Innovation Town

The Wenhanhu Lake International High-tech Innovation Town where Hongwang Group located is the core area of the Nanhai area of Sanlongwan. In the future, the town will gather more headquarters, R&D centers, innovation centers and emerging business sectors of influencial and famous high-tech enterprises, building a highland and main engine of Guangzhou-Foshan new economy and new technology.

Author | Jersey

Revisor | Jessica