Hangzhou Machine Tool Group is a comprehensive enterprise group with equipment manufacturing as its main business and diversified investment and operation. The headquarters of the group is located at No. 50 Xueyuan Road, the core area of Huanglong Business Circle in Hangzhou, Zhejiang, with a modern office and research building of 25000 square meters. The total assets of the group reach 1.5 billion yuan, and its industries cover high-end machine tools, science and technology parks, new materials, energy-saving equipment, diversified investment, agricultural technology, hotels and other fields. The predecessor of the group, Hangzhou Machine Tool Factory, was founded in 1921 and is recognized as a leading enterprise in China's flat grinding industry and one of the top ten enterprises in China's machine tool industry. The group takes technological innovation as its driving force for development and continuously enhances its core competitiveness. Zhejiang Hangji Co., Ltd., a holding subsidiary, is a leading backbone enterprise in China's machine tool industry. The company's products cover five series: surface grinders, CNC high-precision gantry surface grinders, CNC high-precision gantry guide rail grinders, CNC high-precision composite grinders, and CNC high-precision forming grinders. They are widely used in precision parts processing, aerospace, national defense and military industry, automotive, 3C electronics, refrigeration equipment, packaging and other industries. The company has a provincial-level R&D center and numerous national patents for grinding machines. It is the developer of national and industry standards for four major categories of grinding machine products, including horizontal axis table, vertical axis table, strong forming, and gantry type. The "Hangzhou brand" grinding machine has been awarded the title of China's most competitive brand in the market by the Ministry of Commerce. The Group actively built a platform for the industrialization of high-tech achievements, and jointly established the Chinese Academy of Sciences Hangzhou Science Park with the Chinese Academy of Sciences Shanghai Branch and other units, becoming the first park where the Chinese Academy of Sciences and local enterprises work together. While committed to the construction of technology industrialization and strengthening traditional industries, the group is comprehensively entering strategic industries such as emerging high-tech. Subsidiaries such as Zhejiang Hangji New Alloy Materials Co., Ltd. invested and established by the group are setting sail and fighting in the vast new blue ocean. Hangji, which has gone through a hundred years of history, has gone through glory and storms, always keeping pace with the times and constantly developing. Looking towards the future, Hangji Group will uphold the concept of innovation, exploration, and efficiency, and through innovative development, become a well-known century old enterprise with lasting influence. Current Chairman of Hangji: Yu Lipeng, Chinese, Han ethnicity, born in March 1973 in Pujiang County, Jinhua City, Zhejiang Province, graduated from the Department of Economics at Zhejiang University. Since 2017, he has served as the Chairman of Hangji Group and Hangji Co., Ltd.