| HENGYAN CERAMICS LIMITED | | Live |
| HENGYAN TRADE CO., LIMITED | Private company limited by shares | Live |
| HENGYANG LIMITED | Private company limited by shares | Dissolved |
| CL Hengyang Limited | Private company limited by shares | Live |
| SHANGHAI HENGYANG BIOCHEMICAL COMPANY LIMITED | Private company limited by shares | Live |
| HENGYANG BAIBEBAILE TRADE CO., LIMITED | Private company limited by shares | Live |
| HENGYANG LOGISTIC CO., LIMITED | Private company limited by shares | Live |
| SHANGHAI HENGYANG FASHION CO., LIMITED | Private company limited by shares | Dissolved |
| KSL HENGYANG SHIPPING CO., LIMITED | Private company limited by shares | Live |
| HK EuropeAsia Hengyang Limited | Private company limited by shares | Dissolved |
| HK HENGYANG INDUSTRAIL LIMITED | Private company limited by shares | Live |
| STABLE (1) HENGYANG LIMITED | Private company limited by shares | Live |
| HENGYANG TRADING COMPANY LIMITED | Private company limited by shares | Live |
| HengYang Liancheng Trading Limited | Private company limited by shares | Dissolved |