- Business
- Hangzhou Century Co., Ltd. (300078.SZ) engages primarily in the research, development, production, and sale of electronic article surveillance (EAS), radio frequency identification (RFID), and Internet of Things (IoT) solutions, with a focus on smart medical care and retail security applications; its core products include EAS systems such as V-stations, theft prevention antennas, hard tags (RF/AM), soft tags, ink tags, bottle tags, and detachers; RFID products encompassing inlays, labels, apparel tags, laundry tags, asset tracking tags, and readers; electronic shelf labels (ESL) with handhelds, mobile accessories, and cloud pricing management systems; and industry platforms like smart storage, inventory management, smart shelves, medical consumables RFID systems, blood product management, and smart city manhole solutions. The company, founded in November 2003 and headquartered at No. 528 Xingqi Road, Yuhang District, Hangzhou, Zhejiang Province, China, operates globally through a network of over 300 distributors across 66 countries in Europe, America, Africa, the Middle East, and Asia-Pacific, serving retail sectors including apparel, hypermarkets, supermarkets, beauty, food and beverage, and digital stores, as well as supply chain logistics, healthcare, hospitality, and manufacturing industries. Recent developments include plans to subscribe for up to CNY 50 million in new shares of Zhejiang Masang Technology Co., Ltd. via private placement to bolster anti-counterfeit label capabilities; asset sales of land and facilities in Hangzhou's Binjiang and Yuhang Districts for CNY 800 million to alleviate cash flow pressures and repay loans, with one transaction partner changed to Hangzhou Gaoxin Rubber & Plastic Materials in early 2025; a change in controlling shareholder to Lu Nan and Hangzhou Botai following termination of prior voting rights agreements; and a 2024 performance forecast projecting net losses of CNY 419-629 million amid revenue declines and ongoing Asia Vets segment losses, after regulatory penalties for prior financial reporting issues.