Chigo Holding Limited
0449.HK
Hong Kong Stock Exchange0.04
HKD
+0.00
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Chigo Holding Limited
0449.HK
(Hong Kong Stock Exchange)
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0.04
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ROIC.AI
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- Business
- Chigo Holding Limited is a Cayman Islands-incorporated investment holding company principally engaged in the design, development, manufacture, and sale of residential and commercial air-conditioning products; air-conditioner parts and components including compressors and copper products; air-curtains; water coolers; dehumidifiers; wine refrigerators; refrigerators; washing machines; air source heat pumps; refrigeration equipment; and other home appliances, offered primarily under the CHIGO and HYUNDAI brands through independent regional distributors and household appliances retail chain operators. Founded in 1994 and headquartered in Shengli Industrial District, Lishui Town, Nanhai District, Foshan, Guangdong Province, China, the company operates multiple manufacturing bases across southern and eastern China, including facilities in Wuhu, Jiujiang, and a new intelligent R&D and production base in Sihui, Zhaoqing that opened in January 2022 to enhance capacity for residential air conditioners, commercial air conditioners, and air source heat pumps, with total annual production exceeding 6 million sets. Chigo Holding primarily serves consumer and commercial markets in the People's Republic of China, with exports to the rest of Asia, the Americas, Africa, Europe, and Oceania across more than 180 countries and regions, and maintains subsidiaries such as Guangdong Chigo Air-Conditioning Co., Ltd., Chigo Air-Conditioning (Wuhu) Co., Ltd., and Chigo Air-Conditioning (Jiu Jiang) Co., Ltd., while operating as a subsidiary of Chigo Group Holding Limited. In recent years, the company relocated production facilities from Lishui Town under a government land redevelopment proposal completed by end-2021, shifting operations to the Sihui facility to support Greater Bay Area production amid a significant export sales decline of 70-75% post-2020; its shares were suspended from trading on the Hong Kong Stock Exchange in May 2020 and delisted effective April 4, 2022, following failure to meet resumption conditions including audit resolutions and financial reporting.