Throughout its history Hengdian Group has always valued using business as a force for good. Its founder emphasized common prosperity, using the profit from business to lift the people of Hengdian out of poverty. Today, Hengdian Group remains driven by the principle of being a socially responsible enterprise and giving back to society. These values drive the Group’s development strategy in a way that benefits and shares our success with our community.
Hengdian Group has invested in local infrastructure, public services, education and healthcare facilities since 1980s. We have invested over 10 billion CNY over the decades to build the city into a better home for all. We invested in public roads, river management, greenification, cultural amenities, as well as barren land reclamation. Apart from these major projects, we also operate a wastewater treatment plant, thermal power plant, waterworks and subsidized public transport. In addition, we set up a secondary grade A general hospital and invested in education, building kindergartens, primary, secondary schools as well as universities. We also built the Hengdian General Airport and advocated for and led in the application for approval of the Hangzhou-Wenzhou High-Speed Railway construction.
Hengdian Group has been engaging in philanthropy for a long time and regards it as an integral part of its social responsibility. We donated materials and funds when China was suffering from major flooding, earthquakes, and COVID-19 pandemic. We supported the country’s old revolutionary regions through both investing and donating in local industries. We answered the call of the government in its targeted poverty alleviation program by providing charity donations, volunteering services in community building, education assistance as well as medical and health service. In 2021, the government recognized our efforts and awarded us with the honorable title of “National Role Model in Poverty Alleviation.”
At the beginning of 2020, faced with the imminent outbreak of the novel coronavirus, Hengdian Group immediately set up an epidemic response team to plan for a full frontal control of the pandemic. We made direct donations of 22 million CNY to the Red Cross Society of China Hubei Branch and Zhejiang Branch. At the same time, we directed our units to dedicate their efforts to use their respective expertise to combat the pandemic. We increased our production capacities to deliver the necessary medical supplies and equipment, we adjusted production to meet the demand for daily necessities, we stayed in our medical capacities to safeguard the health of our people, we answered the call of the government and rushed to assist at the frontline in Hubei.
