| HK HUANUO ENERGY CO., LIMITED | Private company limited by shares | Live |
| HK HUANUO INDUSTRIAL CO., LIMITED | Private company limited by shares | Live |
| Huanuo Import&Export Industrial Co., Limited | Private company limited by shares | Dissolved |
| HUANUO INNOVATION (HONG KONG) CO., LIMITED | | Live |
| HUANUO BRAND MANAGEMENT COMPANY LIMITED | Private company limited by shares | Live |
| Huanuo Innovate Technology Limited | Private company limited by shares | Live |
| Huanuo Trading Co Limited | | Live |
| HK Huanuo Trading Limited | | Live |
| HEBEI HUANUOJIA BICYCLE MANUFACTURING CO., LIMITED | Private company limited by shares | Live |