Machinery and industry
Hangyang Group (Hangzhou Oxygen)杭氧
About the company
Hangyang Group builds air separation units and cryogenic petrochemical equipment, and supplies industrial gases such as oxygen, nitrogen, argon and hydrogen. The plant was founded in 1950, now sits under Hangzhou Capital, the city’s state-owned investment company, and has been listed in Shenzhen since 2010. In 2025 its revenue was 15.08 billion yuan and its net profit 949 million yuan. In 2009 its main manufacturing moved to Lin’an District, where the listed company is also registered.
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