Chinese furniture manufacturer expands R&D and global operations

Revenue surpassed 10 billion yuan for the first time in 2024, reaching 11.03 billion yuan — a 34.6 percent increase from a year earlier, according to its earnings report.

To navigate a complex global trade environment, Heng Lin has expanded its international footprint by establishing production bases in Vietnam and Switzerland, aiming to mitigate risks and improve operational efficiency. By the end of 2024, overseas assets totaled 5.77 billion yuan, accounting for 53.18 percent of its total assets.