1990

In 1989, a preparatory group was formed in rented premises of the Nanmenqiao garment factory. In March 1990, the Haiyang branch of the Guiyang Tool Factory opened in the workshops of the former woolen factory (address 239 North Xinqiao Street was assigned later). Production began with wave milling cutters and spline gauges. At the same time, a party cell consisting of four party members was established.

1992

1999

Due to the unfavorable international situation in 1990–1992, export orders declined. The management, following the spirit of the four perseverances, persistently sought markets and preserved the enterprise.

In 1993–1995, production was established, broaches and milling cutters were mastered, and the main customer was the "Feitian" plant in Changzhou.

In 1998, due to the Asian financial crisis, exports fell, and the company shifted its focus to automotive cutting tools. In 1999, it took out a loan mortgaging all its assets, bought a German grinding machine for 850,000 marks, and launched the production of broaches for automobiles.

1997

In 1996–1997, the company was reorganized into "Haiyan Guigong", then the firms "Hengfeng" and "EST" were established, and the brand "Hengfeng" and the trademark EST were introduced.

2004

From 1989 to 1990, a branch of the tool factory was established at 239 North Xinqiao Street, producing milling cutters and gauges with a party cell of 4 people.

2006

From 2004 to 2006, non-standard tools for turbines and measuring instruments were developed, raising the level of product modernization.

2007

In 2007, after a trip to Germany, German technologies were introduced and production of gear rolling tools was launched. Since 2008, the company has offered comprehensive solutions for spline processing and control.

2008

In 2008, the largest broach (Ø230 mm, length 3 m) was manufactured for the Zhuzhou Gear Factory, becoming the first of its kind in the country and receiving high praise from the industry.

2010

In 2010, despite significant risks, the company developed broaches for turbine disk slots of gas turbines for the Harbin Turbine Plant. In 2013, this product was awarded the title of "first domestic complete set" and became the starting point for insuring such sets in China.

2009

2011

In 2009, the company acquired production premises in the city of Yuxin (Jiaxing) and moved the steel drill production line there. Later, at the initiative of the Haiyan County leadership, in 2012 production fully returned to Haiyan.

In 2011, reorganization into a joint-stock company began, with the name changed to "Hengfeng Instruments Co., Ltd.". In 2012, construction of a new production complex on Hengfeng Street began, which was completed at the end of 2014 and put into operation in 2015.

2012

In 2012, the national standard for spline measuring instruments, developed by the company, was officially approved and put into effect, marking an important milestone in its standardization efforts.

2014

On September 10, 2014, Xia Baolong visited the company. Management reported the serial production of spiral broaches for planetary reducers (developed over 8 years) — the company is the only one in the country and the fifth in the world in this field. The secretary called for further innovation.

On July 1, 2015, the company successfully completed its IPO on the Shenzhen ChiNext stock exchange (code 300488) with an offering price of 20.11 yuan per share, raising 213 million yuan.

2016

In May 2016, Hengfeng Tools (USA) was founded. In 2017–2018, it provided sharpening services for North American clients in rented premises, and in 2019, it moved into its own building with an area of 2,400 square meters.

2017

2018

In 2017, the company completed the full acquisition of Zhejiang Shangyu Tools Co., Ltd. In 2018, the construction and relocation to the new production facility in Wenling was completed, with a total investment of 130 million RMB, and a large amount of modern equipment was introduced.

In 2018, the company, together with Shanghai Jiao Tong University, Shanghai Aviation Factory, and Shanghai Turbine Factory, conducted research on high-efficiency cutting tools, for which it received the second prize of the State Science and Technology Progress Award.

In 2019, the construction of the second phase of Haixing Street was completed, and in early May the workshops began to relocate, and on May 21 the administrative staff moved into the new innovation building. The construction was under the control of the authorities, and party activists from the 36 party members frequently inspected the progress of the work.

2020

2021

In 2020, on the 30th anniversary of the company, a celebration rally was held, and the company received the Zhejiang Provincial Government Quality Award. During the COVID-19 epidemic, the team implemented anti-epidemic measures, developed tools for masks, and provided necessary materials.

In 2021, the construction and renovation of production complexes were completed, and a sports ground and canteen were built. The intelligent manufacturing modernization project progressed successfully. The company received the title of national demonstration enterprise — the only one in its industry.

2022

On February 7, 2025, Secretary Wang Hao visited the company, emphasizing the orientation towards high-quality, intelligent, and environmentally friendly development of the manufacturing industry. On August 20, Governor Liu Jie visited the company, requiring a focus on the "132" strategy and intensified innovation. In the same year, the company acquired the tap production line of "Guangzhou Huizhuan".

2024

2023

2025

On May 25, 2022, Yuan Jun visited Hengfeng Instruments, inspected the products and workshops, and highly praised its 30 years of innovative achievements.

In June 2024, the company established a subsidiary in Austria to strengthen its position in the European market. In September of the same year, it participated for the first time in the AMB exhibition in Germany on behalf of the Austrian subsidiary, promoting its development in the European market.

In March 2023, the company launched a project for convertible bonds of 620 million yuan to increase production of precision instruments by 1.5 million units. On December 18, approval was received from the CSRC, and on January 19, 2024, the bonds were issued (code 123239), and since February 22, they have been traded on the exchange.

1995

2019

2015