- Business
- Zhongyeda Electric Co., Ltd. (002441.SZ) engages primarily in the wholesale distribution of industrial electrical products and the manufacture of system integration solutions in China. The company distributes power transmission and distribution equipment, industrial automation products, high- and low-voltage power accessories, new energy electrical equipment including electric vehicle charging stations and piles, marine and ship electrical systems, wind power generation control systems such as water cooling and propeller controls, oil drilling platform electrical controls, lighting products and supporting equipment, filters, power automation protection devices, electrical components, and electronic products; it also produces electrical control cabinets and provides electrical design, equipment supply, software programming, platform construction, system integration, and maintenance services for sectors including thermal power, hydropower, wind energy, nuclear energy, metallurgy, and construction. Zhongyeda Electric operates through over 120 offices across three major regions in China—North China, East China, and South China—with additional presence in Central South, Southwest, Northeast, and Northwest China; it maintains 54 subsidiaries nationwide and employs more than 3,300 people. Founded in 2000 and headquartered at No. 1 Zhujin Yiheng Street, Zhujin Industrial Zone, Shantou, Guangdong Province, China, the company listed on the Shenzhen Stock Exchange in 2010 and partners strategically with international brands such as ABB and Schneider Electric as a designated distributor. Recent developments include the advancement of its proprietary AI-powered "Zhiwen" intelligent business query system to enhance digital operations and employee productivity as of September 2025, alongside the divestiture of a 23.02% stake in Shantou Ruiye Information Technology Partnership Enterprise, ongoing emphasis on machine vision technologies for manufacturing efficiency, and sustained sales leadership in electrical wholesale totaling approximately CNY 10.95 billion in 2024 primarily from energy, materials, and electronic equipment sectors.