Hegang Co., Ltd. and Hegang Group are parent and subsidiary companies, that is, Hegang Group wholly holds Hegang Co., Ltd. and holds all its shares. Hegang Group, as the parent company, realized the listing financing and large-scale operation of the company through Hegang shares. At the same time, Hegang, as an important subsidiary of Hegang Group, provides financial support, management coordination and other business support. The close cooperation between the two companies has formed the interaction between the upstream and downstream of the industrial chain, which has promoted the development of the entire steel industry.
Although Hegang Co., Ltd. and Hegang Group are parent-subsidiary companies, their management is independent. Hegang has an independent board of directors and management team, and has its own production and sales plan and decision-making power. At the same time, Hegang Group will not directly interfere with Hegang's operation and decision-making, but only affect the company's strategic layout and capital investment through actual control. The cooperation and interaction between them make Hegang and Hegang Group succeed in the highly competitive steel market.