Wenzhou Hongfeng established a subsidiary research institute for new materials.

According to the QiChaCha app, Wenzhou Hongfeng New Materials Research Institute Co., Ltd. was recently established. Its business scope includes: research and development of new material technology; engineering and technical research and experimental development; promotion of new material technology services; and research and development of electronic special materials. Equity penetration shown by QiChaCha indicates that the company is wholly owned by Wenzhou Hongfeng.