Revenue breakdown After acquiring Lanco’s global fourway directional valve business and other assets from its parent
company in 2008, Sanhua Intelligent Control became the world’s largest fourway directional valve manufacturer.
Zhang Daocai was also very attentive in the job function email database training of his successors. His two sons, Zhang Yabo and
Zhang Shaobo, both join Sanhua Intelligent Control in 2001.
Among them, Zhang Yabo obtain a bachelor’s degree in mechanical manufacturing technology and
equipment and a bachelor’s degree in refrigeration and cryogenic technology from Shanghai Jiaotong
University in 1996, and a master’s degree in business administration from China Europe International
Business School in 2005. Since December 2012, Zhang Yabo has serv as the company’s chairman and CEO.
Prior to this issuance, Zhang Daocai and his wife Yu Qingjuan
Zhang Yabo and Zhang Shaobo collectively held approximately 46.36% of the total equity of Sanhuazhi
Holdings through several intermiate entities, making them the controlling shareholders.
Sanhua Intelligent Control is engag in refrigeration. Its products were mainly us in air conditioners,
refrigerators and other fields in the early stage, and later expand to the field of new energy vehicles .
In 2017, Sanhua Intelligent Control acquir all the shares of Zhejiang Sanhua Auto Parts Co., Ltd., and
expand its product categories to automotive parts such as automotive electronic expansion valves, thermostatic valves and automotive thermal expansion valves.
Application of Sanhua Intelligent Control Auto Parts, Image Source: Prospectus
Today, Sanhua Intelligent Control’s email marketingincrease newsletter subscribersamy lynn business spans two major sectors: refrigeration and airconditioning
electrical components and automotive components. Bas on longterm technological accumulation and
R&D innovation, it continues to expand its business into emerging fields such as bionic robots and electromechanical actuators .
Specifically, from January to September 2024
he company’s revenue from refrigeration and aTirconditioning electrical parts and automotive parts account for 60.6% and 39.4% respectively.
In terms of performance, in 2022, 2023 and mobile lead JanuarySeptember 2024, Sanhua Intelligent Control’s revenue was approximately RMB 21.348 billion, RMB 24.558 billion and RMB 20.563 billion, respectively, with gross profit margins of 25.6%, 27.4% and 27.4%, respectively , and the corresponding net profits were approximately RMB 2.608 billion, RMB 2.934 billion and RMB 2.320 billion, respectively Revenue breakdown.
