- Business
- Shenzhen H&T Intelligent Control Co., Ltd. Shenzhen H&T Intelligent Control Co., Ltd. (002402.SZ) develops, manufactures and sells intelligent controllers for household appliances, power tools, automotive electronics, energy storage systems and smart products; its core offerings include control boards for air conditioners, refrigerators, washing machines, dryers, dishwashers, ovens, microwave ovens, range hoods, coffee machines and induction cookers in the home appliances segment, high-torque wrenches, angle drills, chainsaws, circular saws, lawn mowers, industrial vacuum cleaners, high-pressure washers and fans in power tools, hands-off detection, DGSC controllers, right-zone control units, coolant side integrated controllers and electric compressor controllers in automotive applications, residential, commercial and industrial energy storage solutions, as well as Internet of Things platforms, big data services, AI adaptive mattresses, haptic suits, smart eye masks and spine health monitoring systems. The company, founded in 2000 and headquartered in Shenzhen, China, operates globally with products serving markets in China, South America, North America and Europe through a network of research, production and service facilities; it listed on the Shenzhen Stock Exchange in May 2010. Recent developments include its February 2023 agreement to acquire a 55% stake in Italy-based NPE Srl from De'Longhi Appliances Srl for EUR4.33 million via subsidiary H&T Intelligent Control International Co. to strengthen European operations and smart home-appliance leadership, alongside reporting CNY9.66 billion in 2024 sales and CNY364 million net income with projected 41.9% annual earnings growth.