Is Sanhua Automotive a state-owned enterprise?

Sanhua Automotive is not a state-owned enterprise.

Shaoxing Sanhua New Energy Auto Parts Co., Ltd. is a third-level subsidiary of Zhejiang Sanhua Intelligent Control Co., Ltd. Sanhua Intelligent Holdings was established in September 1994. It is a joint-stock company controlled by Sanhua Holding Group Co., Ltd. In June 2005, Sanhua shares were successfully listed on the Shenzhen Stock Exchange.

In September 2007, it successfully acquired the global business of four-way reversing valves from Lanke Company, a subsidiary of Invensys Group, a world giant in the industry, integrating international industry resources and achieving a global strategic leap. In January 2009, Sanhua Holdings' refrigeration industry was listed as a whole.

Currently, the company has production bases in Wuhu, Guixi, Suzhou, Changzhou, Chongqing, Zhongshan and other places, and marketing offices in Shanghai, Guangzhou, Qingdao, Zhuhai, and Hefei, as well as sales offices in the United States, South Korea, Overseas subsidiaries were established in Japan, Thailand and Spain. In 2011, the company launched a project in Xinchang with an annual output of 38 million sets of refrigeration and air-conditioning automatic control components, with a total investment of 1 billion yuan.

We have been awarded the title of Top 500 Chinese Manufacturing Enterprises, Top 100 Chinese Machinery Industry Enterprises, Top 500 Chinese Private Enterprises, Top 500 Private Manufacturing Enterprises, Top 100 Enterprises in Zhejiang Province, and National Quality Award Winners. Zhejiang Patent Gold Award and many other honors. Sales in 2018 were 25.1 billion.

Sanhua Auto Parts Industry is the core industry under Sanhua Holding Group. It is located on the bank of the Qiantang River in beautiful Hangzhou, covering an area of ??more than 300 acres. Mainly engaged in core systems and components of automotive thermal management systems. Products include expansion valves, liquid receivers, controllers, electronic water pump valves, solenoid valves, refrigerant ball valves, integrated components, various automotive heat exchangers, etc.