Hangyang, Hangzhou Hangyang Co., Ltd., its controlling shareholder is Hangzhou Oxygen Machinery Group Co., Ltd., the actual controller is Hangzhou State-owned Assets Supervision and Administration Commission, and the final controller is Hangzhou State-owned Assets Supervision and Administration Commission.
The company is a large enterprise group that mainly manufactures air separation equipment and industrial gas, and it is also one of the 520 key state-owned enterprises in China and one of the six authorized state-owned assets operation groups in Hangzhou.