Chinese furniture manufacturer expands R&D and global operations
Editor's note: The China Association for Public Companies, together with China Daily and other media outlets, has launched the initiative Listed Companies in Action: My Five Years in the 14th Five-Year Plan (2021-25), highlighting the achievements of Chinese listed companies in advancing high-quality development.
Heng Lin Home Furnishings Co Ltd, a furniture and home furnishings manufacturer based in Anji, Zhejiang province, boosted research and development investment and innovation capacity during the 14th Five-Year Plan period (2021-25).
In 2024, the company's R&D spending climbed to 226 million yuan ($31.65 million), the highest since it went public on the Shanghai Stock Exchange in 2017. By the end of the year, it held 1,630 valid patents, including 142 invention patents.
