Canaan Technology Marks 10th Anniversary of Listing: Chairman Fang Zheng Proposes the “Three Health” Concept for Growth

On December 31, 2024, Canaan Technology celebrated its 10th anniversary of listing as an important milestone. The company held a grand celebration event with the theme of “Strive for innovation and quality and Create the Future Together”. All employees of the group headquarters, leaders of some subsidiaries, and customers gathered together to celebrate the occasion. At the celebration, Chairman Fang Zheng proposed the “Three Health” development concept, anchoring the direction for the sustainable development of the enterprise in the future.

As a leader in the industry, Canaan Technology has achieved remarkable results since its listing. It has gained a high market share in the fields of pharmaceutical equipment and has a good reputation. In the past ten years, its revenue and assets have achieved significant growth. At the beginning of its listing, it had 500 employees, and now the total number exceeds 1,600. It has also set up three major production bases in Tianjin, Nanjing and Wenzhou.

Chairman Fang Zheng said: “Strive for innovation and quality, create the future together”, which is both the national strategy and the national dream. Canaan wants to connect the dream of the enterprise with the dream of the country, and integrate the dream of the individual with the dream of the enterprise. The company’s products are to provide new quality productivity solutions to the pharmaceutical industry. In the future, Canaan will establish more new quality productivity models and cases to empower the pharmaceutical industry.

At this critical node of the 10th anniversary, Chairman Fang Zheng deeply thought about the long-term path of corporate development and proposed the concept of “Three Health” for the first time.

First, Canaan Technology will focus on the “Big Health” industry. Based on its own advantages, it will carefully draw up a blueprint for the big health industry, increase investment in the intelligent upgrade of pharmaceutical equipment, actively expand the industrial chain layout to pharmaceutical engineering, pharmaceutical services, pharmaceutical consumables and other fields, and skillfully use capital tools to empower, laying a solid foundation for the next decade of external growth.

Second, enterprises should pursue more stable operations. Canaan will win the favor of customers with more solid operations and products and services that better meet market demand. In the future, with the help of strategic positioning and capital tools, we will ensure a stable financial cash flow and make financing a booster for the company’s steady progress. Canaan has always focused on products. The dual-wheel drive of technological innovation and service innovation is the unchanging main theme. We will continue to increase investment in product and business innovation to enhance our core competitiveness.

Third, the physical and mental health of employees is crucial. The company plans to build a runway on the roof of the Wenzhou Big Health Industry Park to encourage employees to strengthen their bodies, develop good exercise habits, and work with a full spirit. Whether serving domestic or international customers, Canaan represents Chinese quality and Chinese ingenuity. Only through continuous learning can we temper our ideological character and achieve physical and mental excellence. The company encourages employees to learn in practice, practice in learning, and constantly improve themselves.

At the celebration ceremony, Fang Hengzhi, founder and honorary chairman of Canaan Technology, delivered a speech, fully affirming the company’s brilliant achievements over the past decade, sincerely thanking the employees for their loyalty, and promising to build a broader development platform for employees in the future, continuously enhance the company’s core competitiveness and social influence, and proudly open a wonderful new chapter in the next decade.