Founded in 1992, Hanking Industrial Group Ltd. (Hanking Group) is the first private joint-venture enterprise in Fushun, Liaoning Province. It has grown into an international group that involves five major business sectors, including mining, metallurgy, commercial, precision bearings, and microelectromechanical sensors (MEMS).
China Hanking Holdings Limited (03788.HK), the mining sector of Hanking Group, was listed on the Main Board of Hong Kong Stock Exchange in September 2011. Hanking Group has accomplished its initial strategic layout of diversification of mining assets and internationalization of mine operations through successively acquiring a large laterite nickel-cobalt project in Indonesia and the Southern Cross gold mines in Western Australia.
The Hanking MEMS project acquired in the United States in 2010 has advanced R&D design skills of the 8-inch MEMS chip and large-scale manufacturing capabilities of the complete product chain. The Hanking MEMS technology, in a leading position in the industry, was named as a national prominent project of integrated circuits in 2017 and listed in the "EETimes Silicon 100" global top 100 innovative semiconductor enterprises in 2020. "Hanking chip" and "Hanking precision bearing" are also recognized as new highlights in the transition of Chinese manufacturing to China's creation.
Hanking Group focuses on both spaces of mineral resources and high technologies, practicing its coherent development strategy, which is “going out for mineral resources and brining in high technologies". The company is committed to building its businesses on the basis of long-term market needs and social benefits, pursuing excellency as being an industry leader, and fulfilling social responsibilities as being a corporate citizen.
Mining is the first industrial sector that Hanking Group invested in. Hanking Group has implemented the operational policy of "Safety, Harmony, Green, and Intelligence", since the first day when it entered the mining industry in 1994. It is currently one of the largest private iron ore producers in northeastern China.
After relentless efforts in years, Hanking Mining achieved significant growth in the iron ore space, owning a dozen of operating mines in Liaoning and Hubei provinces. In addition to the iron ore businesses in China, Hanking also owns and operates large laterite nickel-cobalt project in Indonesia and large gold assets in Australia. In September 2011, China Hanking Holdings Limited (03788.HK) was successfully listed in the Hong Kong Stock Exchange. Hanking has built a strong team of international talents and skills in exploration, mining, beneficiation, and metallurgy.
Within the mining claims of 78 square kilometers, the Indonesian nickel-cobalt mining project hosts 350 million tons of ore, which contains 4.53 million tons of nickel and 270,000 tons of cobalt. The Industrial Park of Kawasan Industri Hanking & BMS (the Park) established in 2012 has been listed as a key cooperation project in the Belt and Road Initiative by Liaoning Province. The nickel-cobalt project was also approved by the State Council as one of the economic and trade projects overseas for cooperative investment between China and Indonesia. The park continues to attract numerous investors who are seeking development of new smelters and other facilities. In October 2013, Chinese President Xi Jinping and former Indonesian President Susilo witnessed the signing ceremony of cooperation for 21 Chinese-funded industrial parks (including Kawasan Industri Hanking & BMS) in Indonesia.
The mining sector is one of the Hanking core businesses. Hanking Mining will continue to focus on new opportunities in iron ore, nickel (cobalt), and precious metals. In addition, Hanking will also consider other minerals that are essential for battery precursor making, such as lithium and graphite. Hanking will continue to achieve growing through acquisitions, joint-ventures, and other investment approaches.
The Hanking MSMS Technological Park (the MEMS Park), which occupies about 66 hectares in Shenfu New District, was established in early 2011 and the construction of the MEMS factory commenced in the same year. The park was named as one of the critical projects by the provincial government.
Hanking Electronics (Liaoning) was established in May 2011. In February 2019, Hanking MEMS chip back-end process production line was officially launched, as being the first pure MEMS scale production line in China. Headquartered in China, Hanking Electronics has established global MEMS R&D centers in the US, Italy and Austria. With the operation mode of IDM+Customized Foundry, Hanking Electronics provides mass-production designs and customized foundry services for multiple MEMS chips. The production line is designed to have an annual capacity of 180,000 pieces of 8-inch wafers and 1.5 billion MEMS chips.
The MEMS Park will continue to expand its current MEMS fab, fulfilling an annual capacity of 180,000 8-inch MEMS wafers. An 8-inch CMOS wafer fab will then be added to the line with an annual capacity of 360,000 CMOS wafers. As a long-term plan, a 12-inch analog and digital CMOS fab will be built with an annual capacity of 1.2 million 12-inch CMOS wafers.
Completion of the first 8-inch MEMS production line in The MEMS Park implies completion of the first strategic goal in the MEMS development. This also signifies the realization of transition from purely traditional mineral businesses to parallel development of both mining and high-tech industrials. The MEMS Park will continue to expand from northeast China to other major marketplaces of the country. It aims to become a world MEMS leader with an output value of over multi-billion dollars.
