Hengtong Group

Hengtong Group stands as a significant global supplier in the information and energy network sectors, with a diversified business portfolio. Established in 1991 by Cui Genliang, the company has its headquarters in Suzhou, China. Cui Genliang, who serves as the Chairman, transitioned from a farmer to a business leader, having previously served as a signalman in the army before turning around a debt-ridden factory. This background appears to have influenced the company's focus on telecommunications and infrastructure. The company was initially founded as Qidu Communication Cable Factory in 1991 and became Jiangsu Hengtong Group in 1993. A major milestone was its listing on the Shanghai Stock Exchange in 2003.

The group's business operations are extensive, covering optical fiber networks, smart grids, marine and offshore cables, and Engineering, Procurement, and Construction (EPC) turnkey services. Its clientele spans the telecommunications, energy, and infrastructure industries across more than 150 countries. Hengtong has established a comprehensive industrial chain in optical communication, producing everything from preform optical devices and optical fibers to optical cables. The company's revenue is primarily generated from the sale of these products and integrated system solutions. For the fiscal year 2024, its publicly listed subsidiary, Hengtong Optic-Electric, reported revenue of approximately ¥59.98 billion. The business model has shifted from being solely a product supplier to a system integration and network service provider, offering a combination of "Product + Platform + Service".

Hengtong's product catalog is broad, encompassing low, medium, and high-voltage power cables, submarine cables, and specialized optical fibers. This includes solutions for new energy sectors like wind and photovoltaic power, as well as data-centric applications such as IoT and big data. The company holds a significant market position, reportedly accounting for about 15% of the global and 25% of the Chinese optical fiber market share. Hengtong operates through a network of over 70 subsidiaries, some of which are publicly listed, and has manufacturing bases in Europe, South America, Africa, and Asia. The firm has actively pursued global expansion through joint ventures and acquisitions in countries like Brazil, India, Spain, and Portugal. Recent developments include a significant investment to expand fiber optic manufacturing in Egypt, signaling a focus on emerging markets.

Keywords: optical fiber, power cables, submarine cables, telecommunications infrastructure, energy networks, smart grid, EPC services, system integration, marine engineering, Cui Genliang, fiber optic manufacturing, network construction, high-voltage cables, IoT infrastructure, big data solutions, new energy cables, global cable supplier, telecommunication solutions, energy distribution, turnkey projects