On the track of smart logistics, most companies choose to “cast a wide net”, but Huasheng Intelligent has taken a different approach and first established its roots in the high-barrier rubber tire industry.
After that, it successfully copied this ‘technology’ to popular tracks such as lithium battery, photovoltaic, chemical industry, medicine, and food cold chain.
This “from difficult to easy” cross-industry expansion capability has become one of the core features of Huasheng Intelligent’s success in entering the Beijing Stock Exchange.
The rubber tire industry can be called a ‘hard nut’.
The prospectus shows that tire production requires more than 20 processes such as rubber mixing, molding, and vulcanization. The temperature in the vulcanization workshop exceeds 150°C, the mixing workshop is filled with carbon black dust, and the factory operates 24 hours a day.
In such an environment, the AGV car must be accurately positioned, resistant to high temperatures, and dust-proof, the logistics system must cover more than 3,000 SKUs, and the equipment must be fault-free, which is far more difficult than in general manufacturing.
After years of hard work, Huasheng Intelligent has cracked this bone.
In 2025, the company’s revenue from the rubber tire industry will reach 594 million yuan, accounting for 59.42% of its main business revenue. Leading manufacturers such as Jinyu Tire, Guizhou Tire, Wanli Tire, and Pulin Chengshan are all its long-term customers.
More importantly, the technology accumulated in the tire industry has become the company’s capital for “dimension reduction attacks” in other industries.
The prospectus disclosed that the company has successfully expanded its business to multiple growth tracks such as lithium electricity, photovoltaics, chemicals, medicine, and food cold chain.
During the reporting period, the compound growth rate of operating income from outside the rubber tire industry was approximately 22.40%, achieving rapid growth across industries.
Its customer list is extremely valuable, including Minmetals New Energy and Wanrun New Energy in the lithium battery field; JA Solar Technology and Tongwei in the photovoltaic field; Huayi Group, Jinneng Technology, and Dongfang Shenghong in the chemical industry; and Zhejiang Pharmaceuticals, Sinopharm Holdings, and Mindray Medical in the pharmaceutical field.
Among the top ten customers in each reporting period, approximately two-thirds (16 in total) were listed companies or large central state-owned enterprises.
In addition to the domestic market, the company’s projects have expanded to overseas markets such as Vietnam, Thailand, India, and Mexico, and the gross profit margins of overseas projects are generally higher.
The key to Huasheng Intelligent’s cross-industry success lies in its technical route.
It is not a simple equipment integrator, but independently develops core equipment and software.
AGV, RGV, EMS, stacker crane and other hardware, as well as WMS warehouse management system and WCS control system, are all self-developed.
As of the end of 2025, the company has 78 patents and 84 software copyrights, and has passed the highest level of CMMI Level 5 certification.
This technical system can quickly adapt to the special needs of different industries. For example, the lithium battery industry requires high-precision dust-proof handling, the photovoltaic industry requires automated warehousing of large-size components, and the pharmaceutical industry requires full compliance traceability. Huasheng Intelligent’s technical base can respond flexibly.
Solid technology and cross-industry capabilities are directly reflected in performance.
From 2023 to 2025, the company’s revenue will increase from 637 million yuan to 1.00 billion yuan, with a compound growth rate of over 25%; in 2025, the net profit attributable to the parent company will reach 119 million yuan.
As of the end of 2025, the company’s orders on hand (tax included) are as high as 2.988 billion yuan, providing sufficient guarantee for revenue in the next one or two years.
The company expects revenue in the first half of 2026 to be 450 million to 550 million yuan, a year-on-year increase of 29% to 58%.
From tire workshops to multi-industry factories, Huasheng Intelligent’s cross-industry expansion capabilities have been verified by the market.
Next, it depends on how the Beijing Exchange sets the price for this smart logistics company that specializes in multiple capabilities.
