Ningbo Hicon Industry Technology Co., Ltd. Class A
SSZSE:00123746.50
CNY
+1.08
(+2.38%)
Ningbo Hicon Industry Technology Co., Ltd. Class A
SZSE:001237
(Shenzhen Stock Exchange)
Recent
price
46.50
P/E
ratio
23.43
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.- Similar Companies
- Business
- Ningbo Hicon Indy Tech Co., Ltd. manufactures and distributes household and commercial refrigeration and cooling appliances, air conditioning units, and related small appliances, serving diverse consumer, medical, and industrial segments. The company develops, assembles, and markets a broad portfolio of products including household and medical air conditioners; portable air conditioners; water dispensers; refrigerators and freezers; ice makers and wine/beverage coolers; beer KEG fridges; and related small appliances designed for home, professional, and institutional use. It operates multiple production lines and testing facilities to support end-to-end manufacturing, assembly, and quality assurance across its product family. The firm emphasizes integrated capabilities across design, tooling, and manufacturing to support OEM/ODM projects for global customers. Geographic and business scope Ningbo Hicon Indy Tech conducts operations primarily from its China-based headquarters and manufacturing campuses, with an international footprint that serves customers across Asia, Europe, the Middle East, and North America. The company maintains a global supply chain and distribution network to support export and cross-border sales, alongside domestic market penetration within China. It serves a wide range of distribution channels including retail, hospitality, commercial facilities, and institutional customers. Founding and leadership Founded in 2001, the company positions itself as a high-tech manufacturing enterprise with a focus on advanced refrigeration and cooling technologies. Its head office and principal production facilities are located in Ningbo, Zhejiang Province, China, hosting extensive manufacturing capacity and engineering resources. Subsidiaries and corporate structure The corporate group includes manufacturing entities and regional offices that coordinate product development, manufacturing execution, quality systems, and after-sales support. It maintains partnerships and collaborations with OEM/ODM clients and engages in joint development projects to extend its product platforms. Products and services in detail - Household refrigeration and cooling: chest freezers, upright freezers, refrigerators, wine/beverage coolers; ice makers; ice maker with water dispensers; party coolers - Air conditioning systems: household air conditioners, medical air conditioners, portable air conditioners - Specialty appliances: beer KEG fridges; water dispensers; small appliances - Engineering and support services: design for manufacturability; product customization; engineering validation and testing; supply chain and logistics support; after-sales service and warranty coordination - Industry applications: solutions for food storage, hospitality, medical equipment cooling, industrial refrigeration, and precision environment control Latest major changes - Strategic partnerships and alliances: engages in partnerships to expand OEM/ODM capabilities and co-develop new cooling and refrigeration platforms for international markets - Funding and corporate actions: participates in financing and capital-raising activities typical of growth-phase manufacturing peers to scale capacity and R&D - Product launches and platform expansion: introduces updated energy-efficient models and advanced temperature control solutions; expands wine/beverage and luxury beverage cooler lines with redesigned interiors and smart features - Business expansion and reorganizations: continues capacity expansion in Ningbo and related facilities to support higher output of air conditioning and refrigeration equipment; reinforces global distribution and after-sales networks - Operational enhancements: implements upgraded manufacturing lines and quality assurance processes; enhances supply chain resilience and supplier diversification to support cross-border demand Industry positioning Ningbo Hicon Indy Tech operates within the appliance manufacturing and industrial refrigeration sector, serving consumer, professional, and institutional customers with a broad suite of cooling and climate-control products. The company positions itself as a vertically integrated producer with strong engineering talent, significant production capacity, and a focus on turnkey OEM/ODM collaborations to meet diverse market needs. It emphasizes reliability, scalability, and comprehensive after-sales support as core differentiators in competitive global markets.