Billionaire Profile
You Xiaoping & family
Global Rank
#456

Image: Public domain | via Wikimedia Commons

You Xiaoping & family

CEO, Huafon Group
CN
Real-Time Net Worth
$7.9B
As of December 2025
Age
67
Source
Polyurethanes
Industry
manufacturing
Citizenship
CN

Biography

You Xiaoping is the chairman of Huafon Group, a major player in China's chemical industry, particularly in the production of polyurethane products. With a net worth of $7.9 billion as of December 5, 2025, he has built his wealth through his company's focus on polyurethanes and its expansion into related sectors like metals, finance, and logistics. You's career began in the plastics industry before he rose to leadership positions at Huafon Group, which he founded in 1991. His achievements include leading Huafon Group to become the largest domestic manufacturer of polyurethane products and contributing significantly to the growth of the polyurethane industry in China.

Wealth Over Time

In-Depth Profile

Early Life and Career

You Xiaoping's journey began in the plastics industry, starting with roles at various plastic factories in Ruian, China, in the 1980s. From 1984 to 1991, he served as the vice director of Ruian No. 7 Plastic factory. Then, from August 1991 to December 1995, he was the director of Ruian No. 10 Plastic factory.

Rise to Success

You Xiaoping founded Huafon Group in May 1991, specializing in chemical new material industries. Over time, You Xiaoping rose to Chairman of the Board and President of Huafon Group, a position he has held since December 2006. Huafon Group achieved a turnover of 38.28 billion Yuan in 2019, demonstrating its substantial economic impact. You's leadership has been recognized with honors such as the National Excellent Builder of Socialism with Chinese Characteristics.

Key Business Strategies

Under You Xiaoping's leadership, Huafon Group diversified beyond chemical industries, expanding into metals, finance, logistics, and trade. Huafon Group is the largest domestic manufacturer of polyurethane (PU) products, which is a key component of their business strategy. Huafon emphasizes innovation and sustainable development, aligning with You's vision for the company's growth.

Philanthropy

You Xiaoping's commitment to creating wealth also extends to giving back to the community through philanthropy. While specific details on his personal giving are difficult to ascertain, it is evident that Huafon Group is committed to social responsibility.

Career Milestones

1984

Vice Director

Served as the vice director of Ruian No.7 Plastic factory.

1991

Director

Became director of Ruian No.10 Plastic factory.

1991

Founder

Founded Huafon Group.

1995

Chairman of the Board

Assumed the position of Chairman of the Board of Huafon Group Co. Ltd.

1999

Chairman of the Board

Became Chairman of the Board of Huafon Spandex Corp. Ltd.

2006

Chairman and President

Held the position of Chairman of the Board and President of Huafon Group.

Business Philosophy & Leadership

Leadership Principles

People-oriented policies

Emphasizes civilization construction centered on people foremost

Spirit Building

Focuses on self-improvement and fostering external image