H.Extract
Engaged in development, production and sales of the natural plant extracts
About H.Extract
Qingdao Lihe Extraction Co., Ltd., which now operates under the name Lihe conglomerate (Qingdao) Food Industry Co., Ltd., was established in Qingdao in 2010. The company operates as a comprehensive high-tech enterprise involved in research and development, production, sales, and logistics. In 2020, the company's name was changed from "Qingdao Lihe Extraction Co., Ltd." to "Lihe conglomerate (Qingdao) Food Industry Co., Ltd." The chairman and effective decision-maker of the company is Wang Bin. Zhang Yongchang is the company's general manager.
The company's business activities include the research, development, production, and sale of natural extracts, compound seasonings, and ready-to-eat food products. Lihe conglomerate provides customized compound seasonings and high-quality frozen foods to clients in the domestic and international chain restaurant, supermarket, convenience store, and e-commerce sectors. The company has established a vertically integrated business model that includes supporting farmers in the cultivation of raw materials, green extraction, flavor research and development, and the production of standardized products. The company's key technology is its self-developed supercritical carbon dioxide extraction equipment, which it uses to extract the essence of spices and other natural products. This technology allows for the data-driven standardization of flavors, addressing a significant challenge in the food and catering industry.
The company's product portfolio includes spice extracts such as ginger, pepper, and cumin oil, as well as aromatic plant extracts and extracts from medicinal herbs. Over the years, Lihe conglomerate has expanded its offerings to include a variety of consumer-facing brands. The company serves leading retail and restaurant chain customers in China, developing over 200 new products for them annually. Production facilities are located in Qingdao, Shanghai, Longnan, and Korla, with research and development centers in Qingdao, Shanghai, and Chengdu. The company has also been involved in drafting multiple national and industry standards.
Source: Dealroom company dataKnowledge graph
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Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| SERIES DOther financing | Jul 2022 | — | — | Huaxing New Economy Fund · Weiguang Venture Capital · Yinshan Capital | ↗ |
| SERIES COther financing | Sep 2021 | $51M | $204M | XVC · Legend Capital · Huagai Capital · 10Fund | — |
Growth signals
Latest recorded traffic for H.Extract is 480 monthly website visits, down 23.8% over the last three months. H.Extract's team grew 0% over the past year.
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
From Dealroom's funding and investor records, grouped by the round each investor first entered.
Series A1 investor entered at this stage
Haidilao Group
Series B and later8 investors entered at this stage
XVC
Legend Capital
Huagai Capital- 1010Fund
Xiamen C&D- HFHuaxing New Economy Fund
- YCYinshan Capital
- WCWeiguang Venture Capital
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
An AI-synthesised read of the highest-engagement posts about H.Extract on X, ranked by likes and reposts, corporate channels excluded.
Reading the room on X — pulling top posts and synthesizing themes…
Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour
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