Shenzhen Megmeet Electrical Co., Ltd.
002851.SZ
Shenzhen Stock Exchange159.59
CNY
+14.51
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Shenzhen Megmeet Electrical Co., Ltd.
002851.SZ
(Shenzhen Stock Exchange)
Recent
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159.59
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ROIC.AI
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- Business
- Shenzhen Megmeet Electrical Co., Ltd. (002851.SZ) provides hardware, software, and system solutions for electrical automation, with power electronics and automation control as its core technologies; it operates in six main segments including power products, industrial automation, new energy and rail transit, intelligent equipment, smart home appliance controls, and precision connections. The company offers industrial power supplies such as subracks, hybrid power supplies, PDUs, solar modules, controllers, telecom DC converters and rectifiers, external adapters, open frames, battery packs, custom power products, microwave and electric power supplies, charging station rectifier modules, and EV components including on-board power supplies, power electronic units, motor control units, electric compressors, vehicle-mounted units, and dual motor control units; industrial automation products like motor drives, programmable logic controllers, new energy automotive motor drives, and industrial digital intelligent welding machines; smart home appliances encompassing flat panel display power supplies, inverter air conditioner power converters, frequency conversion microwave oven power converters, visual display products, kitchen appliances, HVAC controls, and intelligent toilets; and additional solutions for rail transit parts such as electric compressors, air-conditioning controllers, motor drivers, and electronic control cabinets, alongside digital welding machines, industrial microwave systems, electric submersible oil pumping systems, and disinfecting equipment. Products serve industries including ICT, electrical power, medical devices, microwave equipment, business displays, energy saving, factory and engineering equipment, welding robotic arms, PV energy, electric vehicles, rail transit, oil fields, police equipment, HVAC, smart appliances, and sanitary ware, with target customers comprising original equipment manufacturers in flat panel displays, medical equipment, telecom, IT, transportation, high-efficiency lighting, and electric vehicles. Founded in 2003 and headquartered at the 34th Floor, Joint Headquarters Building, High-tech Zone, No. 63 Xuefu Road, Nanshan District, Shenzhen, Guangdong Province, China, the company maintains R&D centers in China, Germany, Sweden, and the United States, manufacturing bases in Thailand, India, China, and Vietnam, and regional offices across North America, Europe, and Asia, with primary operations in China and international presence in Southeast Asia, Europe, and beyond. Recent developments include a 2024 partnership with Nvidia to supply power components for the GB200 NVL72 rack and MGX platform as a designated supplier and one of over 40 data center component providers, enhancing its server power business; plans to raise up to CNY 2.663 billion for Thailand production base Phase II construction and other projects; a 2023 private placement by subsidiary Hunan Megmeet Electrical Technology Co., Ltd. raising CNY 590 million; issuance of shares valued at CNY 95.03 million to acquire an asset; stock repurchases and cancellations; and extensions of fundraising projects amid focus on AI server power, third-generation semiconductors, new energy vehicles, and spherical electric machine R&D via subsidiary Suzhou Zhiwei.