Huifeng Diamond (920725) obtained the Construction Project Planning Permit to further advance the fundraising project construction.

On March 24, Huifeng Diamond Co., Ltd. announced that the company has obtained the “Construction Project Planning Permit” issued by the Natural Resources Bureau of Zhecheng County.

In the announcement, Huifeng Diamond stated that the company plans to use its own funds to purchase the state-owned construction land use rights for the plot ZG2025-23 located on the east side of Danyang Avenue in Zhecheng County, successfully securing it for 29.6973 million yuan, and has completed the signing of the “State-Owned Construction Land Use Rights Transfer Contract.” The company’s acquisition of the construction project planning permit provides a fundamental guarantee for the deployment and implementation of the company’s strategy, facilitates the smooth progress of fundraising project construction, contributes to the company’s long-term development, and aligns with the interests of the company and all shareholders.

According to Wall Street Finance, Huifeng Diamond is a high-tech enterprise specializing in the research and development, production, and sales of synthetic diamond single crystal micropowder, extended application products, and CVD diamond materials. Its main products include diamond micropowder, diamond crushing and shaping materials, and CVD cultivated diamonds. Since its establishment, the company has focused on the application research of diamond micropowder “cutting, grinding, and polishing” and “functional diamonds,” and through years of technological accumulation and innovation, it has developed into a leading domestic supplier of diamond micropowder products and participated in the drafting of the national standard for “superhard abrasive synthetic diamond micropowder.” In December 2020, the company was awarded the title of “Specialized, Refined, Unique, and Innovative Small Giant” by the Ministry of Industry and Information Technology; on November 24, 2021, the company’s “Synthetic Monocrystalline Diamond Micropowder” was recognized as the sixth batch of manufacturing single champion products by the Ministry of Industry and Information Technology; in January 2022, the company was rated as a “Gazelle Enterprise” by the Henan Provincial Department of Science and Technology; in November 2023, the company was recognized as a “Henan Provincial Enterprise Technology Center” by the Henan Provincial Development and Reform Commission; and in February 2025, it was recognized as a “Henan Provincial Innovation Leading Enterprise” by the Henan Provincial Department of Science and Technology and other departments.

From the perspective of industry development, China is the world’s largest diamond producer, accounting for over 90% of global output, while Henan’s production capacity accounts for more than 80% of the national total. In the first half of 2025, the superhard materials industry continued the structural adjustment trend that began in 2024, facing certain cyclical challenges and external uncertainties. In the first half of 2025, cultivated diamond prices tended to stabilize, and the penetration rate of cultivated diamonds in the global jewelry market continued to rise, with the transaction volume of cultivated diamonds on the JD platform in the first quarter of 2025 increasing by over 300% year-on-year, demonstrating strong growth momentum. CVD technology is also continuously advancing, primarily developing around the direction of “larger, purer, and more functional.”

With its product quality advantages and technological advantages, the company adheres to independent innovation and continuously expands product application areas. Its downstream customers include listed companies and leading enterprises from various sectors, and its products are also exported to regions such as the United States, Japan, South Korea, and Europe.

The company has long focused on independent research and innovation in diamond micropowder, continuously improving production processes, and has formed core technologies for diamond crushing and shaping, automatic grading by particle size, purification, foamed diamond micropowder, and preparation of nanodiamonds. The company holds 4 invention patents and 103 national utility model patents, and has invested in the construction of a technology center in Zhengzhou, which has been approved to establish “Henan Provincial Submicron Superhard Material Powder Engineering Technology Research Center,” “Henan Provincial Micro and Nano Powder Material Academician Workstation,” “Henan Provincial Postdoctoral R&D Base Construction Unit,” and “Diamond Micro and Nano Powder Henan Provincial Engineering Laboratory.” The company has been rated as an intelligent factory by the Henan Provincial Department of Industry and Information Technology and the Henan Provincial Department of Finance.

In August 2022, the company successfully developed cultivated diamond products that meet market standards and has now entered mass production. Going forward, the company will seize the development opportunities in the cultivated diamond industry, improve its production and sales teams, and accelerate product sales efforts to create new revenue growth points for the company.

In terms of performance, in the first three quarters of 2025, the company achieved an operating income of 118 million yuan.