Gansu Hongfeng Machinery Co., Ltd. is a new high-tech enterprise formed through the overall restructuring of the former large-scale Category II military enterprise, State-owned Factory 920. It is a backbone enterprise in Gansu Province's strategic emerging industries and a well-known domestic company specializing in the R&D and manufacturing of steam traps, condensate recovery devices, and heat tracing stations (tube bundles). The company covers an area of 305 mu, with a registered capital of 60,523,500 yuan and total assets of 350 million yuan. It has more than 400 employees, including over 130 professional technical personnel.

The predecessor, State-owned Factory 920, was established in 1965 as a large-scale Category II enterprise under the arms industry. The company inherits and carries forward the excellent traditions of military industry, dedicating itself to energy conservation and environmental protection. It mainly develops and manufactures "Hongfeng" brand steam (air, natural gas) traps, condensate recovery devices, integrated tube bundles, and other energy-saving products and complete sets of equipment. It also undertakes and implements condensate drainage and recovery projects. After more than half a century of military heritage and continuous development, it has grown into a well-known domestic and internationally recognized base for the R&D and manufacturing of traps and condensate recovery devices, renowned in the industry as the "expert in energy saving and consumption reduction."