Laser 3D printing pushes Wuhan company's revenue to a new high

When the HGTECH Group was founded in 1999, annual sales were below 80 million yuan($11.93 million), Deng Jiake, general manager of HG Laser, said.

Last year, the company's market value exceeded 100 billion, Deng added.

In the first half of this year, HGTECH Group's overseas revenue reached 1.65 billion yuan, up 116 percent from a year earlier, according to its half-year report.

Overseas sales accounted for over 20 percent of total revenue, and the company's products are sold in more than 90 countries and regions.

"Innovation is the driving force behind a company's growth, and in technological development, perseverance leads to success," he said.