- CEO
- Cheng Jun Zhou
- Full Time Employees
- 1,922
- Sector
- Producer manufacturing
- Industry
- Metal fabrication
- Address
- Xin Longteng Industries district Changshu JS China 215517
- IPO Date
- Aug 13, 2007
- Business
- Jiangsu Tongrun Equipment Technology Co.,Ltd Jiangsu Tongrun Equipment Technology Co.,Ltd (002150.SZ) engages in the research, development, manufacture, and sale of metal products and photovoltaic energy storage equipment; its core offerings encompass metal tool cabinets, tool boxes, service carts, workbenches, workshop equipment, precision sheet metal parts, steel office furniture, electrical control cabinets, high- and low-voltage circuit breakers, photovoltaic inverters spanning 2-10kW single-phase, 5-275kW three-phase models including US versions, energy storage systems such as 3-6kW single-phase low-voltage, 20kW household three-phase high-voltage, 7.6-12kW US household low-voltage, 52.5-125kW converters, and 125kW/261kWh industrial-commercial cabinets, along with household and industrial-commercial communication modules, ground power station communication boxes, monitoring platforms like MatriCloud, and industrial-commercial energy management systems. The company operates primarily in China with manufacturing bases in Changshu covering 258,000 square meters, exports metal tool cabinets to over 140 countries, and targets industrial, commercial, household, and ground power station customers in the sheet metal, electromechanical, and renewable energy sectors. Founded in 2002 and headquartered in Changshu, Jiangsu Province, China, it listed on the Shenzhen Stock Exchange in 2007 as Jiangsu Tongrun Tool Cabinet Co., Ltd and owns subsidiaries including Jiangsu Tongrun Tool Cabinet Co., Ltd, Changshu General Electric Factory Co., Ltd, and others focused on tool cabinets, switches, and equipment development. Recent developments include Zhejiang Chint Electrics Co., Ltd's acquisition of a 29.99% controlling stake in November 2023 via share transfers totaling 1.02 billion yuan from prior holders, accompanied by the asset transfer of Chint's photovoltaic inverter and energy storage businesses to bolster Tongrun's overseas expansion using its established sales network; completion of the Wenzhou Angtai Power System Co., Ltd acquisition; a 1.7 billion yuan fixed-increase plan in 2024 to expand 18 GW photovoltaic and energy storage inverter capacity plus working capital; and revenue growth in 2023-2024 with photovoltaic energy storage at 2.02 billion yuan, reflecting a strategic shift toward renewables comprising nearly 45% of business.