| HengYue Business Limited | Private company limited by shares | Live |
| CHINA HENGYUE INT'L INVESTMENT DEVELOP (HK) CO., LIMITED | Private company limited by shares | Live |
| Taizhou Hengyue New Composite Material Science And Technology Co., Limited | Private company limited by shares | Live |
| ZHEJIANG HENGYUE INDUSTRIAL CO., LIMITED | Private company limited by shares | Dissolved |
| HENGYUE TRADE LIMITED | Private company limited by shares | Live |
| HENGYUE TRADE LIMITED | Private company limited by shares | Live |
| CHINA HENGYUE INTERNATIONAL TRADE CO., LIMITED | Private company limited by shares | Live |
| Hong Kong Hengyuechuanghai Trading Co., Limited | Private company limited by shares | Live |
| Hengyuetung Company Limited | Private company limited by shares | Live |