Hengdian Group

Hengdian Group, founded in 1975 and headquartered in Hengdian Town, Dongyang, Zhejiang, is a renowned Chinese private conglomerate. Its businesses span electrical and electronic, pharmaceutical and chemical, film and tourism, and new integrated services. Hengdian World Studios is one of the largest film shooting bases globally, known as 'China's Hollywood'. The group also engages in magnetic materials, lighting electronics, and pharmaceutical chemicals.

Hengdian Group was founded in 1975 in Hengdian, Dongyang, Zhejiang Province, when Xu Wenrong led the establishment of a silk reeling factory. This marked the beginning of what the company describes as its first round of entrepreneurship. In the decades that followed, the group diversified from textiles into magnetic materials, electronics, lighting, pharmaceuticals, and other manufacturing sectors, building an industrial base in Hengdian. A major turning point came in 1996, when Xu Wenrong began building the Guangzhou Street film and television shooting base, which led to the creation of Hengdian World Studios (Hengdian Film & TV City). This move, initially controversial, transformed Hengdian into a major center for China's film and television industry. The group subsequently developed a full industry chain spanning film bases, film services, entertainment, cinema chains, film production, and film education, earning Hengdian the nickname "China's film and television dream factory." In 2001, Xu Yong'an became president of Hengdian Group Holdings Co., Ltd. and set the strategic goal of an "international Hengdian." The group acquired the listed company Qingdao Dongfang, which was later restructured. Over the years, Hengdian Group nurtured six listed companies: Hengdian DMEGC (002056), Hengdian Group Tospo Lighting (603303), Yingluohua Technology (000795), Apeloa Pharmaceutical (000739), Hengdian Entertainment (603103), and Nanhua Futures (603093). These platforms cover magnetic materials, lighting, micro motors, pharmaceuticals, film and entertainment, and financial derivatives. In 2017, at the age of 83, Xu Wenrong completed the Hengdian Yuanming New Garden (横店圆明新园), a major cultural tourism project. The group has continued to expand its modern services, including finance, international trade, aviation, real estate, and urban public services. It has also invested in education and healthcare, with institutions such as Zhejiang Hengdian Film & Television Vocational College and Hengdian Wenrong Hospital. Today, Hengdian Group reports annual revenue of nearly 100 billion yuan (95.6 billion yuan in 2025), employs over 60,000 people globally, and operates in more than 150 countries and regions. It remains rooted in Hengdian, contributing to the region's development and helping it become a national pilot for comprehensive small-city reform and a national film and television industry experimental zone.

• 2025

  Hengdian Group reports annual revenue of 95.6 billion yuan.

• 2017

  At age 83, Xu Wenrong completes the Hengdian Yuanming New Garden cultural tourism project.

• 2001

  Xu Yong'an becomes president of Hengdian Group Holdings Co., Ltd. and sets the "international Hengdian" strategic goal; the group acquires listed company Qingdao Dongfang.

• 1996

  Construction begins on the Guangzhou Street film and television shooting base, leading to the creation of Hengdian World Studios.

• 1975

  Xu Wenrong leads the founding of a silk reeling factory in Hengdian, marking the start of Hengdian Group.

A diversified industrial group, with equal emphasis on film and television tourism and manufacturing.

• Hengdian DMEGC

  Listed company (002056) producing magnetic materials and new energy products.

• Hengdian Group Tospo Lighting

  Listed company (603303) specializing in lighting products.

• Yingluohua Technology

  Listed company (000795) producing micro motors and medical devices.

• Apeloa Pharmaceutical

  Listed company (000739) engaged in pharmaceuticals and healthcare.

• Hengdian Entertainment

  Listed company (603103) operating cinema chains and film production.

• Nanhua Futures

  Listed company (603093) providing financial derivatives services.

• Hengdian World Studios

  The world's largest live-action film and television shooting base, offering film production services and tourism.

• 2013

  Jiayuan Chemical accused of secret discharge polluting village

  In 2013, Hengdian Group's Jiayuan Chemical was accused by villagers of Jinzhai Village of secretly discharging black water and acid water at night, polluting the Nanjiang River. The environmental protection bureau denied the claims, but reporters at the scene found a discharge outlet and waste packaging washing operations. No penalty result was seen.

  Source

• 2009

  Member company cited by environment ministry for cross-province dumping of hazardous waste

  Hengdian Group member company 普洛得邦制药 entrusted unqualified persons to dump 1,047 barrels of hazardous waste across provinces in Guoyang and Lixin, Bozhou, Anhui. The Ministry of Environmental Protection notified the case; Zhejiang environmental authorities fined it RMB 250,000, the company paid RMB 2.2 million in compensation, and the responsible person was convicted of the crime of major environmental pollution accident. It became a typical cross-province dumping case.

  Source

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1. 1首页 - 横店集团控股有限公司hengdian.com
2. 2关于我们 - 横店集团控股有限公司hengdian.com
3. 3Member company cited by environment ministry for cross-province dumping of hazardous wastebig5.mee.gov.cn
4. 4Member company cited by environment ministry for cross-province dumping of hazardous wastechina.caixin.com
5. 5Jiayuan Chemical accused of secret discharge polluting villagefirstnews.com.cn