Company Profile

Changrong Electric founded in 2005 and listed on the NEEQ in 2021 (code 873652). Changrong Electric is a national small giant enterprise, a national high-tech enterprise, and a potential unicorn enterprise in Jiangsu Province. With a total investment of 1 billion yuan, it has three subsidiaries and one Wuxi integrated circuit research and development center. Changzhou headquarters covers an area of 80 mu, and the Xuyi factory covers an area of 53 mu. There are more than 500 employees and more than 300 management personnel, including 120 R&D personnel.And has research and development institutions such as post doctoral, graduate workstation, Jiangsu Technology Research Center. With more than 100 patented technologies, it is the only leading enterprise in China that independently develops and produces large-scale motor sensor protectors for refrigeration compressors, with an annual production capacity of 60 million pieces and occupies 60% of the global refrigeration compressor market share. The main customers are: Gree, Midea, Highly, Samsung, LG, AVIC Sanyo, Panasonic, Qingan Refrigeration, Dongbei, Taiwan Ruizhi, etc. In the field of new energy vehicles and energy storage, the BMS current sensor independently developed by the company has been produced in small batches. At present, it is actively cooperating with Honeycomb, China Innovation Airlines, Trina Solar Energy Storage, Ningde Times, SAIC Motor, etc., breaking the monopoly of Honeywell and Lyme in the new energy vehicle and energy storage market, filling the domestic gap. It is expected that in the future the sales will reach 10 million in the next three years, with the sales volume exceeding 1 billion yuan. The company has won the Top 50 of China Innovation and Entrepreneurship Competition, National Key Protected Brands, Jiangsu Private Science and Technology Enterprises, the third prize of the provincial innovation and entrepreneurship competition, the first prize of the provincial management innovation competition, Changzhou industrial three-star and four-star enterprises, the municipal industrial average benefit per mu award, the municipal May Day Labor Award, the district’s top ten contribution per mu, and the district’s major contribution award.

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