Liu Jie, secretary of the Party work committee of the East Lake High-tech Development Zone (also known as Optics Valley of China, or OVC), led a research team to visit HGTECH Co – the first laser-based high-tech company to go public in China – on July 4.

Founded in 1999, HGTECH is the first company in this field to go public. The company has been continuously deepening cooperation with universities and recently signed a strategic collaboration agreement with Wuhan University of Technology to accelerate the commercialization of technologies, especially those addressing major industrial and national demands. 

By extending its innovation and industrial chains, HGTECH has ranked among the world's top 10 in the information and laser field. Over the first half of 2022, HGTECH's net profits saw a year-on-year growth of 60 percent. 

Synergizing Party construction, R&D, and operation, HGTECH is an extraordinary corporate model for the valley. Liu Jie said that OVC is working on building an optoelectronic information industrial cluster in the East Lake Science City and expressed hope that the enterprise can continue to expand its investments in related research and enhance high-end talent nurturing. 

OVC's "optics, IC, displays, terminals and internet" industrial cluster currently has more than 500 enterprises above a designated size, including 200 in the laser field. The valley's laser market share in China has been over 50 percent for the past 11 years, and the international green laser industrial base of the East Lake Science City was launched in April this year.