Established Shanghai WeiChu Finance Leasing Co., Ltd. The first PIP production line in the world was put into production.
Established Sichuan Honyu Baiyun New Materials Co., Ltd; Established Sichuan Zhongwu Honyu Technology Co., Ltd; Established Hunan Honyu Intelligent Manufacturing Co., Ltd; Signed the Strategic Alliance Agreement with Zambia-China Economic&Trade Cooperation Zone, and established Honyu Zambia Co., Ltd.
Completed the second phase of the 25,000-ton/year high alloy wear-resistant castings project and put into production in Changsha. Formed strategic partnership with Shandong Xinfa Aluminum & Electricity Group and jointly founded Shandong XINFA Honyu Technology Co., Ltd to explore the East China market.
Went public on the Shenzhen Stock Exchange (stock code: 300345) and became the first listed company in China’s energy-saving and wear-resistant new materials industry.
Acquired Hebei Steel Casting Manufacturing Co., Ltd. and established Honyu Dingji Wear-Resistant Materials Co., Ltd in the same year. Thus the company entered into North China market.
Moved its headquarters from Loudi to Ningxiang Hi-tech Zone, Hunan Province. In the same year, invented the stepped shell liner and developed the first comprehensive high-efficiency, energy-saving solution for ball mill system in China.
Completed shareholding reform, Hunan Honyu Wear-resistant New Materials Co., Ltd was officially established.
Established technical cooperation with Central South University and gained investment from CMXJ Industrial Investment, and began to upgrade from a traditional product manufacturer to a technical service provider.
The company’s patented grinding ball products successively applied in the cement, thermal power and mining industry.
Formed official cooperation with Central South University and entered the field of wear-resistant new materials, started the research and development of the patented wear-resistant cast iron grinding ball products with Chromium, manganese, and tungsten content.