Hefei Snowky Electric Co., Ltd. Class A
SSZSE:00138711.72
CNY
+0.32
(+2.81%)
ISIN
CNE100006D83
Return %
Stock
S&P 500
1Y
-16.17
13.14
3Y
- -
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
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in mil. unless spec.Company Description
- CEO
- Li Xue Wang
- Full Time Employees
- 1,396
- Sector
- Consumer durables
- Industry
- Electronics/Appliances
- Address
- No. 369, Qingluan Road Hefei AN China 230601
- IPO Date
- Jan 11, 2024
- Website
- snowky.cn
- Similar Companies
- Business
- Hefei Snowky Electric Co., Ltd. (001387.SZ) engages in the research, development, production, and sale of refrigerators and commercial display cabinets; its core products include large-capacity side-by-side refrigerators over 400 liters, double-door, three-door, four-door, and French-door refrigerators, chest freezers, customized embedded refrigerators, commercial display cases, and PCBA components. The company, founded in June 2011 and headquartered at No. 369 Qingluan Road in Hefei Economic and Technological Development Zone, Anhui Province, China, serves mid-to-high-end domestic brand merchants and end customers while exporting to the rest of Asia, Europe, the United States, Africa, and Oceania. Hefei Snowky Electric caters to household appliance consumers and kitchen appliance brands, with a focus on wind-cooled frost-free technology, PCM/VCM door panels, rapid cooling/freezing modes, and computerized temperature control features. In recent developments, the company plans to increase its stake in Hefei Shengbang Electrical Appliances Co. to 70% through a RMB 47.45 million acquisition, extending its upstream reach in the industry chain; it also launched a 2025 restricted stock incentive plan granting 5.3414 million shares at 7.37 yuan per share to 131 recipients, including directors and senior management. Hefei Snowky Electric actively introduces customized embedded refrigerators, strengthens cooperation with kitchen appliance brands for integrated kitchen scenarios, and expands export sales by balancing domestic and international production capacity while enhancing its global sales network. The company reported 2024 third-quarter revenue of RMB 1.405 billion and plans a cash dividend of 0.8 yuan per 10 shares for the first three quarters.