- CEO
- Xiaoheng Chi
- Full Time Employees
- 13,632
- Sector
- Consumer durables
- Industry
- Tools & hardware
- Address
- No. 35 Jiuhuan Road Hangzhou ZH China 310019
- IPO Date
- Jun 29, 2010
- Business
- Hangzhou Greatstar Industrial Co., Ltd (002444.SZ) manufactures and sells hand tools, power tools, and industrial tools worldwide. The company offers holding tools, mechanic tools, tool sets, fastening tools including pneumatic staplers and fasteners, cutting tools, striking tools, measuring tools such as laser measuring tools and laser radar, finishing tools, plumbing tools, automotive tools, outdoor tools, masonry and drywall tools, electric tools, insulated tools, lawn and garden tools, tool storages including tool cabinets and industrial storage cabinets, and vacuum cleaners; it serves home maintenance, construction engineering, vehicle repair, and mapping applications through sales to supermarket chains, industrial users in building materials, hardware, department stores, and auto parts, as well as via e-commerce platforms. Founded in 1993 and headquartered in Hangzhou, China, Hangzhou Greatstar operates 23 manufacturing bases globally with sales channels in over 100 countries, including subsidiaries like GreatStar Tools USA, Hangzhou Holdings, and Prime-Line Products, LLC, and partnerships with retailers such as Home Depot and Lowe's. In recent developments, the company reported first-half 2025 revenue of RMB 7.027 billion, up 4.87% year-over-year, with net profit of RMB 1.273 billion, up 6.63%, driven by power tools and cross-border e-commerce growth exceeding 30% annually amid expansion into non-U.S. markets and proprietary brands; it agreed to acquire an additional 16.51% stake in Hangzhou Nano IC Technologies Co., Ltd., provided a USD 6 million trade finance guarantee for Prime-Line Products via Citigroup, and promoted leadership changes at Arrow Fastener within GreatStar Tools USA.