Changhong Huayi Compressor Co., Ltd.
长虹华意
000404
Shenzhen Stock Exchange
Company Profile
As a leading enterprise in the reciprocating hermetic compressor industry, the company has core advantages and competitiveness in industry position, technological research and development, customer resources, and brand. 1.Industry Position Advantage Since achieving the global industry's number one position in sales volume in 2013, the company has maintained this top position for twelve consecutive years through 2024. According to ChinaIOL, in 2024, the company's sales accounted for 28.8% of China's reciprocating hermetic compressor industry sales volume, 12.9 percentage points higher than the industry's second-place competitor, solidifying and highlighting its industry position advantage. 2.Technological Research and Development Advantage The company possesses a national-level technology center and a leading, innovative industry senior technical R&D team, demonstrating strong technical R&D capabilities. By the end of June 2025, the company had obtained a total of 527 authorized patents, including 77 invention patents.Through the company's continuous investment in R&D resources, it has achieved new breakthroughs in key technologies such as high-efficiency frequency conversion control, noise reduction and vibration dampening, high reliability, precise application matching, new materials, and new processes. The company focuses on environmental protection and intelligent efficiency, utilizing advanced simulation technology and professional experimental platforms to conduct research on refrigeration compressor application working condition technology, silent technology, sealing technology, intelligent optimization control technology, high-efficiency motor technology, and new materials technology. The newly developed high-efficiency refrigerator compressor valve assembly technology has achieved a 1.5% improvement in energy efficiency. The newly developed comprehensive silent technology for compressors has reduced the minimum noise of compressors to 25 decibels, 2-3 decibels lower than the current average level, meeting customers' silent requirements and continuously satisfying high-end market demands. 3.Customer Resource and Brand Advantage The company's products are exported to over 50 countries and more than 300 refrigerator enterprises worldwide. In the downstream markets for refrigerators, cabinets, light commercial cabinets, as well as specialized markets such as water dispensers and dehumidifiers, the company has established stable and continuous business relationships with mainstream industry customers. Particularly in the refrigerator and cabinet market, the company has gained full customer recognition by offering product series with multiple refrigerants and comprehensive specifications, long-term stable product quality, and a service mechanism centered on customer value to meet various customer needs.
Full description
Changhong Huayi Compressor Co., Ltd. was listed on the Shenzhen Stock Exchange in 1996, with the stock name: Changhong Huayi and the stock code: 000404. The company is the world's largest professional enterprise for environmentally friendly, energy-saving, and high-efficiency reciprocating hermetic compressors. The company's subsidiary, Zhejiang Velle New Energy Compressor Co., Ltd., mainly engages in new energy automobile air-conditioning compressor business. The company currently has multiple refrigerator, freezer, and new energy automobile air-conditioning development and manufacturing bases in Jingdezhen, Jiaxing, Jingzhou, Barcelona, Saltillo, and other locations, with total assets of 15.7 billion RMB and more than 7,200 employees. The company's reciprocating hermetic compressor business includes the research and development, production, and sales of household and commercial compressors. Household compressors are mainly used in household refrigerators, freezers, and other household refrigeration appliances; commercial compressors are mainly used in supermarket freezer display cabinets, fresh-keeping cabinets, and vending machines in airports, schools, office buildings, commercial streets, and other venues. The new energy automobile air-conditioning compressor is a core component of the new energy automobile system.