Ningbo Daye Garden Machinery Co.,Ltd.
300879.SZ
Shenzhen Stock Exchange16.34
CNY
-0.54
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Ningbo Daye Garden Machinery Co.,Ltd.
300879.SZ
(Shenzhen Stock Exchange)
Recent
price
16.34
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ratio
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div
yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Ningbo Daye Garden Machinery Co.,Ltd. specializes in the research, development, design, manufacturing, and sales of garden power tools and machinery. Its core product portfolio includes cordless garden tools, petrol and electric lawnmowers, electric grass trimmers, blower vacs, cultivators, snow throwers, brush cutters, robotic mowers, riding lawn mowers, and related garden power equipment. The company serves landscaping, pruning, leaf cleaning, and snow removal needs. Founded in 2006 and headquartered in Yuyao, Ningbo, Zhejiang Province, China, Ningbo Daye operates both domestically and internationally, with markets in Germany, France, Poland, the United States, the United Kingdom, and Russia. Ningbo Daye has notably expanded its global footprint through the 2024 acquisition of German garden machinery company AL-KO Geräte GmbH, a strategic move finalized in 2025. This acquisition broadened Daye’s market reach into Europe and enhanced its manufacturing and technology capabilities with AL-KO's established brands, including AL-KO, SOLO, Masport, and Morrison. This strategic alliance also secured access to long-term distribution channels with multinational retailers such as Stihl, Iseki, Bunnings, Bauhaus, and OBI. Additionally, the company is investing in expanding its production capacity via a new factory in the Sino-Italy Ningbo Ecological Park to boost design, manufacturing, and marketing capabilities, reflecting a major operational expansion initiative. Financially, the company reported significant growth in 2025 with a revenue increase of over 120% year-on-year in the first three quarters and a net profit surge exceeding 480%, driven by technological upgrades and the rising demand for robotic lawn mowers. The company is actively developing new robotic grass-cutting products in multiple configurations to cater to segmented market needs. However, it paused the 2025 restricted stock incentive plan in mid-2025 citing market conditions and operational factors. Ningbo Daye Garden Machinery Co.,Ltd. is one of China's largest and fastest-growing garden power tool manufacturers, with production facilities spanning 63,000 square meters and employing approximately 1,200 people. Its product certifications include CE, GS, and RoHs, ensuring compliance with international safety and quality standards. The company's comprehensive product range and strategic global expansion position it as a competitive player in the international garden machinery industry.