- Business
- China PengFei Group Limited (3348.HK) is an investment holding company that manufactures and sells rotary kilns, grinding equipment, and related machinery for the building materials, metallurgy, chemical, and environmental protection industries; it also provides installation services and acts as an EPC contractor for the design, procurement, construction, and trial operations of production lines. The company offers specific products including preheaters, dryers, coolers, and rotary kiln control systems; tube mills, vertical roller mills, roller presses, crushers, dust collectors, separators, and control systems; spare parts for mills and kilns; conveying and lifting equipment; compound fertilizer equipment; alumina production equipment; metallurgy and mining equipment; drying equipment; chemical equipment; and waste incineration kilns. Founded in 1994 and headquartered in Benjiaji, Northern Suburb, Haian City, Jiangsu Province, People's Republic of China, it operates primarily in Mainland China and internationally, with significant revenue from Belt and Road Initiative countries such as Uzbekistan, Kenya, Bangladesh, Morocco, Ghana, Burundi, and Zimbabwe, where projects like ECO cement production lines and cement grinding stations progress steadily. In recent developments, the group advanced its technological strategy focused on enhancement, internationalization, intelligence, and green initiatives during 2024, securing national green factory status, private sci-tech enterprise recognition in Jiangsu Province, and new product awards for items like lithium mine roasting rotary kilns and cement rotary kilns; it obtained 26 invention patents and 11 utility model patents, bringing total authorized patents to 170, and passed recertifications for ISO management systems while generating 5.21 million kWh of photovoltaic power to cut costs and emissions. The company expanded into emerging sectors including laterite nickel ore, new energy lithium batteries, environmental protection sludge, and solid/hazardous waste disposal, with over 80% of 2024 rotary kilns applied there, and grew construction of production line revenue by 486% year-over-year through overseas projects despite an overall 27.2% revenue decline to RMB1.26 billion amid market challenges.