- Business
- Sanyou Corporation Limited (300932.SZ) engages in the research, development, manufacture and sale of relays and transformers primarily in China. The company offers a broad portfolio of products including general power relays, magnetic latching relays, automotive relays, high voltage DC relays, new energy relays such as photovoltaic and precharge relays for electric vehicles and charging systems, communication relays, signal relays, inductors and various transformers encompassing miniature current transformers, miniature voltage transformers, metering transformers for electric energy meters including State Grid new standard models, relay protection transformers, motor protection transformers, switching transformers, zero sequence and residual current transformers, split-core transformers and digital display meter transformers; these products serve applications in household appliances, smart homes and grids, industrial control, automotive systems, new energy vehicles, power generation, electricity metering, electromechanical protection and aerospace. Founded in 2008 and headquartered in Dongguan, Guangdong Province, China, Sanyou operates through 12 subsidiaries with over 3,000 employees and maintains a global sales network including offices in South China, North China and East China as well as presence in regions such as Europe, North America and South Korea. Recent developments include the full operationalization of Ningbo Yongyou Electronics Co., Ltd.'s capital increase and expansion project for annual production of 0.4 billion relays across Phase I and II in 2024, heightened research and development investments focused on new energy relays and incubating sectors to enhance profitability and market competitiveness, expansion of automotive and new energy relay customer base through cooperations with firms including Wanxiang, Bosch, Camel and Beiqi Foton, and strategic efforts to increase overseas revenue contribution from general power relays, current transformers, magnetic latching relays and new energy relays amid a 18.07% revenue growth to 2.168 billion yuan and 36.48% net income rise to 63.32 million yuan in 2024.