Hangke (杭可科技, Hangzhou Hangke Technology Co., Ltd.), tracing its origins to 1984 in Hangzhou, is a global leader in lithium battery back-end (formation and grading) systems, with customers including Samsung SDI, LG Chem, CATL, and BYD.
1. Company Overview
- Company Name: Hangzhou Hangke Technology Co., Ltd. (浙江杭可科技股份有限公司), Stock Code 688006 (Shanghai STAR Market)
- History: Brand origin 1984 / corporate entity established 2011 (actual controlling shareholders are the father-son pair Chao Ji and Chao Zheng)
- Headquarters: Hangzhou, Zhejiang Province, China
- Listed: Listed on the STAR Market in 2019
- Business: Back-end systems for lithium-ion battery production lines (charge-discharge machines, internal-resistance testers, etc.)
2. History and Workforce
The company is introduced as having built its track record since 1984, was incorporated in 2011, and listed on the STAR Market in 2019. It first launched an energy-recovery-type power-battery formation-and-grading system in 2012, and completed development of its first-generation high-temperature/high-pressure charge-discharge technology in 2013. It subsequently developed constant-temperature charge-discharge technology and automatic-gripper technology for soft-pack (pouch) power batteries in 2015, and a battery production management system in 2017.
Father and son Chao Ji and Chao Zheng directly and indirectly controlled 80.07% of pre-listing equity (as of the listing). The company has built a global management and service network, providing comprehensive lithium battery back-end system solutions.
3. Core Technology and Key Equipment
Its core products are charge-discharge machines (formation and grading equipment) and internal-resistance testers. Revenue grew from RMB 410 million to RMB 770 million to RMB 1.11 billion over 2016–2018, with the top 5 customers accounting for over 60% of revenue (per disclosures at the time of its 2019 listing).
- Formation-and-grading (化成分容) system — energy-recovery type
- High-temperature/high-pressure charge-discharge technology (first generation developed 2013)
- Constant-temperature charge-discharge technology, automatic-gripper technology for soft-pack (pouch) cells
- Battery production management system (developed 2017)
4. Production Infrastructure and Quality Assurance
Centered on its Hangzhou headquarters, the company operates a global management and service network. Detailed factory floor area and capacity figures are (undisclosed).
5. Delivery Track Record and Partnerships
The company states it has earned the trust of leading domestic and international brands including Samsung SDI, LG Chem, SKI, Sony (Murata), Panasonic, Toyota, Kyocera, TDK, CATL, BYD, ATL, EVE Energy, CALB (中航锂电), Gotion High-Tech, Farasis (孚能), Sunwoda affiliate Guanyu (冠宇), Jiewei (捷威), Weihong Power, Lishen (力神), Wanxiang A123, BAK (比克), and Sunwoda.
6. Financial Status and Roadmap
As a company listed on the Shanghai Stock Exchange STAR Market (688006), its annual reports are publicly available. Revenue grew from RMB 410 million to RMB 770 million to RMB 1.11 billion, and net profit from RMB 89.7 million to RMB 180 million to RMB 286 million, over 2016–2018 (per disclosures at the time of its listing). Individual-year figures beyond that period are not arbitrarily presented in this profile.
With “Made in China 2025” as a phased goal and Industry 4.0 as a strategic opportunity, the company is pursuing smart manufacturing with a stated direction of developing into “a global first-tier provider of comprehensive lithium battery smart-factory solutions.”
This profile was compiled based on publicly available sources including Huaxi Securities F10, Jiemian News (jiemian.com), and Great Wall Securities research reports. Unverified figures and undisclosed information have not been arbitrarily included.