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Hu Rongda & family

Hu Rongda & family

H. family
0.18% | + $6.89M
$3.78 B ₹ 34,335 Cr
Real Time Net Worth #1128 Ranking as of 21 Feb 2026 By Forbes

More on Hu Rongda & family

Gender

Male

Age

66Y

Country

China

Born On

January, 1960

Deceased

No

Relationship Status

Married

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Apparel)

Primary Organization

Zhejiang Semir Garment

Titles

Chairman

Sources of Wealth

Zhejiang Semir Garment

Industry

Fashion & Retail, Manufacturing

About Hu Rongda & family


H u Rongda is a Chinese billionaire who is the chairman of Zhejiang Semir Garment, one of China's largest and most successful apparel companies. The company operates two main and highly popular brands: Semir for casualwear and Balabala, which has become the dominant brand for children's clothing in China.

He has built his company into a massive retail empire with a network of thousands of stores across China. The success of the Balabala brand, in particular, has been a major driver of the company's growth, tapping into the immense and lucrative market for kids' apparel. The company is publicly traded on the Shenzhen Stock Exchange, and Hu and his family retain a controlling stake, which is the source of their multi-billion dollar fortune.

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Quick Reads


  • Chairman of the major Chinese apparel company Zhejiang Semir Garment.
  • The company's Balabala brand is the leading children's clothing brand in China.
  • Also owns the popular casualwear brand Semir.
  • Has built a massive retail network with thousands of stores across China.
  • His family controls the publicly listed company.

Early Life and Background


Hu Rongda is a Chinese businessman, the founder and former executive of Jiangsu Rongsheng Heavy Industries Co., Ltd. (HKSE: 1101), a major large-scale heavy industry enterprise group specializing in shipbuilding, offshore engineering, and marine engine building. His wealth is rooted in the high-capital, essential industrial sector, particularly the global maritime industry.

His career is defined by his commitment to revitalizing national industry and creating a world first-class enterprise in shipbuilding. He founded the company with a vision of mastering the entire industrial process, from construction of the shipyard to the production of complex marine diesel engines.

  • Jiangsu Rongsheng Heavy Industries (Founder & Former Executive): The core asset, a major heavy industry group specializing in shipbuilding, offshore engineering, and marine engine building.
  • Industrial Scale: His company possesses two manufacturing bases and covers a vast area with 3,058 meters of Yangtze River shoreline.
  • Product Focus: The company manufactures bulk carriers, crude oil tankers, containerships, and low-speed marine diesel engines.
  • Investment Strategy: His philosophy is rooted in vertical integration and capitalizing on the long-term demand for global maritime transport.

Career Journey of Hu Rongda & family


Hu Rongda founded Jiangsu Rongsheng Heavy Industries in 2005 (approx. as a consolidated entity, with the shipyard commencing construction earlier). The company quickly became a leading large-scale heavy industry enterprise group. His strategic vision centered on achieving immense scale in shipbuilding, manufacturing large vessels like bulk carriers, crude oil tankers, and VLOCs (Very Large Ore Carriers).

Under his leadership, Rongsheng successfully executed its IPO on the Hong Kong Stock Exchange (HKSE). The company diversified into marine engine building and engineering machinery (hydraulic excavators and crawler cranes). Hu later sold a 6 percent stock stake to senior management in 2012, reflecting a planned transition and monetization strategy. His wealth is secured by the immense industrial value and capacity of his private shipbuilding and heavy machinery empire.

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Hu Rongda & family's Timeline


2005 (approx.):

Rongsheng Heavy Industries begins to consolidate its operations (Founding).

Ongoing:

The company successfully executes its IPO on the HKSE (Financial Milestone).

2009:

The marine engine building division delivers its first Wartsila 6RT-flex68D low-speed marine diesel engine (Technological Milestone).

2012 (May):

Sells a 6 percent stock stake to senior management (Monetization/Transition).

Ongoing:

Continues as Founder and major shareholder, guiding the heavy industry giant (Executive Oversight).

Major Business Ventures and Investments


Hu Rongda's wealth is concentrated in his founding equity and retained stake in the publicly traded heavy industry giant, Jiangsu Rongsheng Heavy Industries Co., Ltd. (HKSE: 1101).

  • Jiangsu Rongsheng Heavy Industries (Founder & Former Executive): The core asset, a major heavy industry group specializing in shipbuilding, offshore engineering, and marine engine building.
  • Industrial Scale: His company possesses two manufacturing bases and covers a vast area with 3,058 meters of Yangtze River shoreline.
  • Product Focus: The company manufactures bulk carriers, crude oil tankers, containerships, and low-speed marine diesel engines.
  • Investment Strategy: His philosophy is rooted in vertical integration and capitalizing on the long-term demand for global maritime transport.

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Philanthropy and Social Impact


Hu Rongda's social impact is structural, stemming from Rongsheng Heavy Industries' role as a massive industrial employer (thousands of jobs) and a foundational contributor to China's national shipbuilding capacity. The company's products are essential for global trade (transporting oil, bulk cargo, and containers).

His structural contribution is tied to his commitment to revitalizing national industry and creating a world first-class enterprise, fostering engineering and technical talent in the heavy machinery sector.

Fashion, Style, and Lifestyle


Hu Rongda maintains the professional, pragmatic style of a Chinese industrial executive. His attire is consistently formal and high-quality, favoring tailored business suits. His aesthetic is one of serious authority and stability, reflecting his mastery of complex heavy industry and global logistics.

Residing in Nantong, Jiangsu, China, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, technological innovation, and the long-term, stable growth of the global maritime supply chain.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • His company, Jiangsu Rongsheng Heavy Industries, is a major manufacturer of bulk carriers, tankers, and containerships.
  • The company owns shipyards covering four million square meters with 3,058 meters of Yangtze River shoreline.
  • He successfully led the company's IPO on the HKSE.
  • His wealth is tied to the successful vertical integration of shipbuilding and marine engine building.
  • The company specializes in manufacturing VLOCs (Very Large Ore Carriers).
  • He sold a 6 percent stock stake to senior management in 2012.
  • His philosophy is to revitalize national industry and create a world first-class enterprise.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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