Breaking Down Zhejiang HangKe Technology Incorporated Company Financial Health: Key Insights for Investors

Zhejiang HangKe Technology Incorporated Company, founded in 1984 and listed on the SSE STAR Market in 2019, leverages over three decades of expertise to supply end-to-end lithium‑ion cell post‑processing systems to industry leaders like Samsung SDI, LG Chem and CATL, offers product lines from formation and testing systems to intelligent factory solutions for multiple cell formats, and in 2025 launched the world's first OEM-built, fully integrated post‑processing production line for prismatic cells-Plant 6 Phase II-while executing global expansion plans including a major new manufacturing facility in Malaysia; the company channels roughly 15% of annual revenue into R&D (in 2023 reporting total revenues of ¥1.5 billion with R&D investment of ¥225 million), and is pushing technological frontiers with equipment for semi‑solid state batteries, all grounded in core values of scientific rejuvenation, teamwork, rigorous execution and shared development that underpin its mission to be a world‑class lithium cell processing system integrator

Zhejiang HangKe Technology Incorporated Company (688006.SS) - Intro

• Founded: 1984; SSE STAR Market listing: 2019 (ticker 688006.SS)
• Core market focus: post-processing for lithium‑ion cells - formation, grading, testing, packing, and automation
• Key global customers: Samsung SDI, LG Chem, CATL (longstanding OEM/customer relationships)
• R&D emphasis: equipment for semi‑solid state batteries and advanced cell formats

• 2025 milestone: launched Plant 6 Phase II - the world's first OEM-built, fully integrated post-processing production line for prismatic lithium‑ion cells
• International expansion: plans to construct a large-scale manufacturing facility in Malaysia to strengthen global footprint and local service capacity

• To provide highly reliable, efficient, and scalable post‑processing systems that enable battery manufacturers to achieve superior quality, yield, and throughput.
• To accelerate adoption of advanced cell technologies through equipment innovation and factory-level digitalization.

• To be the global leader in lithium‑ion cell post‑processing solutions, recognized for pioneering integrated production lines (e.g., Plant 6 Phase II) and for enabling next‑generation battery formats.
• To empower customers worldwide with turnkey, intelligent production capabilities that reduce time‑to‑market and total cost of ownership.

• Innovation - continuous investment in R&D, exemplified by semi‑solid state equipment development and industry‑first integrated lines.
• Customer Centricity - deep partnerships with leading battery makers; tailored solutions for major cell formats and production footprints.
• Quality & Reliability - engineering robust systems for high uptime, repeatable formation and testing, and consistent cell grading.
• Global Collaboration - expanding manufacturing and service presence (e.g., Malaysia project) to meet international demand.
• Sustainability - improving manufacturing efficiency and enabling higher yield to reduce material waste across cell production cycles.

• Turnkey integration: design, build, and commission of end‑to‑end post‑processing lines for prismatic, pouch, and cylindrical cells.
• High automation: intelligent factory solutions that integrate MES, PLC, and data analytics for real‑time process control.
• OEM collaboration: capacity to deliver complete production lines as an equipment OEM partner (demonstrated by Plant 6 Phase II).
• Emerging tech readiness: prototype and pilot equipment for semi‑solid state cell post‑processing to support next‑gen chemistries.

Zhejiang HangKe Technology Incorporated Company (688006.SS) - Overview

Mission Statement

Zhejiang HangKe Technology Incorporated Company (688006.SS) is committed to building a leading brand in the global charging and discharging industry and aims to become a world-class lithium cell processing system integrator. The company focuses on delivering overall lithium‑ion cell post-processing system solutions that prioritize production efficiency, reliability, and environmental sustainability.

• Deliver integrated, end‑to‑end lithium cell post‑processing systems for battery manufacturers worldwide.
• Continuously improve production throughput and yield while reducing energy consumption and waste.
• Invest in technological innovation to maintain leadership in automation, quality control, and smart manufacturing.

Strategic Vision

• Position Zhejiang HangKe as the preferred global partner for battery cell manufacturers transitioning to high‑volume, high‑quality production.
• Expand international footprint through targeted partnerships and localized service centers to support OEMs and cell makers across Asia, Europe, and North America.
• Drive sustainable manufacturing practices by integrating energy‑efficient equipment and closed‑loop material handling into system designs.

Core Values

• Innovation - sustained R&D investment to push technological boundaries.
• Quality - engineering solutions that improve cell consistency and safety.
• Customer-centricity - tailored systems and responsive after‑sales support.
• Sustainability - reducing environmental impact across the battery value chain.
• Collaboration - partnerships with leading research institutions and universities to accelerate development.

Financial and R&D Commitment (selected 2023 figures)

R&D and Collaboration

HangKe allocates approximately 15% of annual revenue to research and development-¥225 million in 2023-underscoring a strategic emphasis on innovation in automation, machine vision quality control, and digital manufacturing platforms. The company maintains collaborative programs with top universities and research institutes to co‑develop advanced cell processing technologies and to accelerate commercialization of next‑generation solutions.

Operational Efficiency & Sustainability

• Systems engineered to increase production throughput and reduce per‑cell energy consumption.
• Adoption of modular designs for faster line changeovers and lower lifecycle emissions.
• Integration of material recovery and waste minimization features in post‑processing lines.

Investor and Market Context

As HangKe scales its global deployments and maintains a ~15% R&D intensity, the company seeks to capture growing demand from EV and energy storage manufacturers prioritizing throughput, yield, and sustainable operations. For more on shareholder composition and market interest, see: Exploring Zhejiang HangKe Technology Incorporated Company Investor Profile: Who's Buying and Why?

Zhejiang HangKe Technology Incorporated Company (688006.SS) - Mission Statement

• Building an international operations and service network to supply comprehensive post-processing solutions for lithium-ion cells.
• Continuously innovating equipment and software to address evolving requirements across battery manufacturing, electric vehicles, and energy storage systems.
• Raising production quality and yield in battery and automotive supply chains through intelligent factory integration, inline testing, and automated process control.
• Expanding manufacturing and service footprints overseas - including plans for a large manufacturing facility in Malaysia to serve regional OEMs and battery makers.
• Investing in next-generation equipment development, such as systems tailored for semi-solid state battery processes and other advanced cell chemistries.

• Customer-first system integration: deliver end-to-end processing lines (formation, grading, charging/discharging, testing) matched to customer capacity and quality targets.
• R&D-driven product leadership: accelerate development cycles for new equipment and software to support emerging battery formats.
• Global service excellence: deploy local service teams and remote diagnostics to minimize customer downtime.
• Sustainability and safety: design systems that reduce energy consumption, material waste, and improve workplace safety.

• For battery manufacturers: modular processing lines and advanced formation/aging control aim to shorten ramp-up times and improve first-pass yields.
• For automotive OEMs: intelligent factory solutions are designed to raise consistency across high-volume battery packs and cells, reducing field failures and warranty exposure.
• For global partners: expanded service hubs and localized manufacturing (e.g., Malaysia) shorten lead times and enhance post-sale support.

• Integrated hardware + software systems for charging/discharging and testing with remote diagnostics and data analytics.
• Scalable production lines adaptable to cylindrical, prismatic, pouch, and emerging semi-solid cell formats.
• Modular intelligent factory components to enable digital twin deployment, SPC (statistical process control), and OEE optimization.

Zhejiang HangKe Technology Incorporated Company (688006.SS) - Vision Statement

• Serve the country with industry and rejuvenate the enterprise through science and technology - placing national strategic needs and technological self-reliance at the center of long-term planning.
• Foster teamwork and the pursuit of excellence - building cross-functional teams that operate with high performance and mutual accountability.
• Promote development together and share success - aligning employee incentive systems and partner collaborations to distribute gains broadly.
• Advocate learning and innovation, oppose slacking off - investing in continuous skill development and an internal culture of experimentation and iteration.
• Promote strict and pragmatic approaches, oppose loose and exaggerated practices - emphasizing execution discipline, process control, and measurable outcomes.
• Advocate dedication and oppose perfunctory efforts - expecting ownership, rigorous quality standards, and commitment across all roles.

• R&D-led product roadmap: prioritizing projects that align with national industrial policies and market needs, with milestones and KPIs to drive accountability.
• Performance culture: merit-based appraisal systems, cross-department project scorecards, and mechanisms to reward team success and shared outcomes.
• Learning infrastructure: targeted technical academies, partnerships with universities and research institutes, and internal knowledge-sharing programs.
• Operational rigor: standardized SOPs, process audits, and continuous improvement cycles to prevent loose or exaggerated practices.
• Employee engagement & retention: long-term incentive plans, equity participation where applicable, and transparent career pathways to reinforce dedication.