Huagong Technology Industry Co., Ltd. (hereinafter referred to as "Hgtech", stock code 000988), was born from a well-known Chinese institution of higher education - Huazhong University of Science and Technology, and is known as "China's first laser stock" and a pioneer in the industrialization of university achievements in China. After years of technology and product accumulation, it has formed a business layout supported by laser processing technology for intelligent manufacturing equipment, supported by information and communication technology for optical and wireless connections, and supported by sensitive electronic technology for sensor business, with an industrial base of nearly 2000 acres. Since its establishment in 1999, the company has completed the transformation from a university-run enterprise to an innovative enterprise and a national high-tech enterprise, from diversified business to relatively diversified business, and from the domestic market to the global market, becoming a strong force participating in global competition on behalf of national competitiveness. In March 2021, the company completed the separation and restructuring of the university enterprise, and the actual controller was changed from Huazhong University of Science and Technology to Wuhan Municipal State-owned Assets Supervision and Administration Commission, opening a new stage of systematic growth and strategic space expansion.

      The company takes "innovation fuels a better world" as its mission, and invests no less than 5% of its sales revenue in R&D every year. It has more than 20,000 square meters of R&D and pilot test bases, and has set up three R&D centers overseas. In conjunction with Huazhong University of Science and Technology, it has established the National Engineering Research Center for Laser Processing, the National Anti-counterfeiting Engineering Research Center, and the National Key Laboratory for Sensitive Ceramics. Through the integration of industry, academia, research, and application, the company has taken the lead in formulating more than 50 national "863" plan projects, national science and technology support plan projects, and the 13th Five-Year National Major Science and Technology Plan projects, and has led the formulation of the first international standard in China's laser industry, winning three national science and technology progress awards.

       In recent years, the company has actively explored the field of intelligent manufacturing, helping key areas of the national economy such as machinery manufacturing, railway locomotives, automotive industry, consumer electronics, steel metallurgy, and communication networks to open a new chapter in transformation and upgrading, with products exported to more than 80 countries and regions.

      In the future, Hgtech will aim to "participate in building a fully connected, fully perceptive, and fully intelligent world, and become an influential global technology enterprise". It will adhere to the principle of "innovation first", carry out collaborative innovation around "new infrastructure, new materials, new energy, new four modernizations of the automotive industry, and industrial digitalization", enrich the product chain, improve the industrial chain, deeply explore the high-end market, and create a high-quality talent gathering place. In the new development pattern where the domestic cycle is the main body and the international and domestic dual cycles promote each other, it will extend the innovation advantages, give birth to more new technologies, new products, and new directions, and contribute to the strategy of a strong manufacturing country.