Zhejiang Bofay Electric Co., Ltd. Class A
SSZSE:00125525.86
CNY
+0.54
(+2.13%)
ISIN
CNE100005KS5
Return %
Stock
S&P 500
1Y
-21.40
13.14
3Y
-16.66
80.78
5Y
- -
67.74
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
CNY
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
CNY
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in mil. unless spec.Company Description
- CEO
- Zheng Zhong Yin
- Full Time Employees
- 521
- Sector
- Process industries
- Industry
- Industrial specialties
- Address
- No. 16, Hangping Road Jiaxing China 314400
- IPO Date
- Sep 30, 2022
- Website
- bofay.com.cn
- Similar Companies
- Business
- Zhejiang Bofay Electric Co., Ltd. (001255.SZ) engages in the research, development, production, and sale of electrical insulating materials and polymer composite products primarily for electric motors, generators, transformers, and related applications. The company's core products include insulation resin series such as furan resin varnish; high-strength slot wedges and laminates; insulation binding wire, tape, rope, and strips; insulation sleeves; mica composite insulating materials; fiber products; composite materials; and thermal expansion materials. These offerings serve diverse sectors including railway transportation, wind power generation, high-voltage motors, hydropower and nuclear power, national defense and military industry, new energy vehicles, small and medium-sized motors, and household appliances; the company operates production bases in Haining, Zhejiang Province, and Zhuzhou, Hunan Province, with sales extending internationally. Founded in 1997 and headquartered at No. 16 Hangping Road, Haining Economic Development Zone, Haining City, Jiaxing, Zhejiang Province, China, Zhejiang Bofay Electric holds national high-tech enterprise status and serves as a vice chairman unit of the Insulation Material Industry Association. The company maintains certifications including ISO9001, IATF16949, and ISO14001 management systems, with main products earning US UL certification; it acts as a core supplier to prominent domestic and international enterprises. Zhejiang Bofay Electric boasts advanced R&D capabilities through platforms such as the National Recognized Enterprise Technology Center, State Key Laboratory of Electrical Insulation for Power Equipment (Zhuzhou base), Zhejiang Provincial Academician Expert Workstation, and Hunan Provincial Engineering Technology Center for Electrical Insulation Materials, supported by collaborations with the Chinese Academy of Sciences, Zhejiang University, and Harbin Institute of Technology. In recent developments, Zhejiang Bofay Electric listed on the Shenzhen Stock Exchange in 2022 following key milestones including establishment of major production facilities in 2007 and 2011, and advancements in innovation platforms through 2024. The company announced plans in 2025 to divest its subsidiary Bofei New Energy to Haining Economic Development Zone for CNY 38.5 million, streamlining focus on core insulation materials; it also reported third-quarter 2025 earnings with a net loss per share of CNY 0.017 versus prior-year profit. These moves reflect ongoing strategic adjustments amid market dynamics in the electrical insulation sector.