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Hangzhou Gaoxin Rubber & Plastic Materials Co Ltd

Hangzhou Gaoxin Materials Technology Co., Ltd., together with its subsidiaries, researches, develops, produces, and sells polymer rubber and plastic materials in China. Its products include specialty PVC cable materials, specialty polyethylene and cross-linked polyethylene cable materials, halogen-free low-smoke flame-retardant cable materials, general-purpose PVC cable materials, chemically cross-linked cable materials, and rubber-modified elastomer materials. The company was formerly known as Hangzhou Gaoxin Rubber & Plastic Materials Co., Ltd. and changed its name to Hangzhou Gaoxin Materials Technology Co., Ltd. in February 2024. Incorporated in 2004, it is headquartered in Hangzhou, China.

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Hangzhou Gaoxin's 2026 interim report shows net loss of 12.84 million yuan, widening year-on-year

Hangzhou Gaoxin released its 2026 interim report, with net profit attributable to the parent company at a loss of 12.84 million yuan, a widening of 5.98 million yuan compared with the same period last year. Total operating revenue was 192 million yuan, down 2.36 percent year-on-year, a decrease of 4.66 million yuan. Net cash inflow from operating activities was 32.72 million yuan, the asset-liability ratio was 80.85 percent, gross margin was 3.08 percent, return on equity was negative 23.71 percent, and diluted earnings per share was negative 0.10 yuan.
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Hangzhou Gaoxin completes establishment of wholly-owned subsidiary Hangzhou Shuangfan New Material Technology

Hangzhou Gaoxin Material Technology announced on August 18, 2026 that its wholly-owned subsidiary Hangzhou Shuangfan New Material Technology has completed industrial and commercial registration. The subsidiary has registered capital of 30 million yuan, with Guo Guangqiang as legal representative and an establishment date of August 18, 2026. It will focus on polymer materials for wire and cable, with a business scope covering the manufacture and sale of rubber products, plastic products and synthetic materials, research and promotion of new material technologies, and import and export of goods and technologies. The matter was approved at the 26th meeting of the company's fifth board of directors on August 4, 2026. The company said that after the new subsidiary is established, an efficient coordination mechanism between parent and subsidiary must be built. If coordination and management are inadequate, operational efficiency may be affected. The company will strengthen internal controls, improve coordination mechanisms, enhance risk monitoring, and ensure smooth business continuity.
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