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Huayi Compression’s company profile

Huayi Compressor Co., Ltd. took the lead in raising the banner of environmental protection in China. It was the first domestic company to eliminate R12 and adopt the new R134A refrigeration fluid, and was the first to launch fluorine-free refrigeration compressors.

The R134a fluorine-free compressor manufactured by the company has the characteristics of low noise, high efficiency and energy saving, good low-pressure starting performance, and long life. All technical indicators have reached the international advanced level. The products have passed CCEE, CB, German VDE and TUV certification, and American UL certification. It was rated as a "National Key New Product" by the State Economic and Trade Commission and the State Science and Technology Commission, won the third prize of the National Science and Technology Progress Award, and was rated as a "National User Satisfaction Product". In 1996, the company passed the ISO9001 quality system certification and became one of the main production and export bases of fluorine-free compressors in my country.

It is the second listed company in Jiangxi Province and the first listed company in Jingdezhen. In recent years, the company has maintained a good development momentum: in 2000, it successfully merged with a refrigeration equipment factory in Jingzhou, Hubei Province and established Huayi Compressor (Jingzhou) Co., Ltd.; in 2002, it invested another 140 million yuan to control a Zhejiang company with 53.732 shares. Zhejiang Jiaxing Jiaxi Bella Compressor Co., Ltd. is a high-quality Sino-foreign joint venture with good credit and an annual output of 2 million compressors, ranking among the top in the industry.

After the asset reorganization, "Huayi Compression" has three companies: Huayi Compressor Co., Ltd., Jiaxi Bella Compressor Co., Ltd., and Huayi Compressor (Jingzhou) Co., Ltd. Total assets reach 2 billion yuan, and the annual production capacity has expanded from 1 million units/year in 1999 to 15 million units/year now. The company has more than 3,800 employees, including 34% professional and technical personnel. In 2007*** It produced 12.44 million compressors and sold 12.19 million compressors, including 3.15 million exported compressors, a record high. The market share reached 20%, ranking first in the domestic industry for six consecutive years.

In 2008, the company formulated a strategic target plan to produce and sell 15 million compressors annually. In the next three years, Huayi Compression will strive to become the top three in the global compressor industry. On December 24, 2007, Sichuan Changhong obtained 97.1 million shares of Huayi Compression through judicial auction, becoming the largest shareholder of Huayi Compression.

Huayi Compressor Co., Ltd. was listed on the Shenzhen Stock Exchange on June 19, 1996. It was the second listed company in Jiangxi Province and the first listed company in Jingdezhen City. The company is headquartered in Jingdezhen, the porcelain capital, and specializes in the production of various types of compressors used in refrigeration appliances such as refrigerators, freezers, water dispensers, ice makers and dehumidifiers. It has two subsidiaries (Jiaxing Jiaxi Bella Compressor Co., Ltd. and Jingzhou Huayi Compressor Co., Ltd.). The current annual production capacity of compressors is more than 30 million units, with total assets of 4.2 billion yuan, more than 6,000 employees, and a market share of 23.53, ranking first in the industry.

In the early 1990s, the company introduced the latest fluorine-free technology from Taikang Company of the United States, introduced modern equipment from Japan, Germany, Australia and other countries, and built my country's first fluorine-free compressor production line with an annual output of 1 million units. It took the lead in raising the banner of environmental protection in China, was the first domestic enterprise to eliminate R12 and adopt R134A new refrigeration fluid, and was the first to launch fluorine-free refrigeration compressors. In 1996, the company passed ISO9001 quality system certification and became one of the main production and export bases of fluorine-free compressors in my country.

The fluorine-free compressors manufactured by the company were relatively advanced green and environmentally friendly products at the time. The company's production scale once attracted the attention of senior leaders of the People's Republic of China. Li Peng, Qiao Shi, Zhu Rongji, Liu Huaqing, Wu Bangguo, Wu Guanzheng and other high-level government officials have visited the company to inspect and gave high praise and strong support to Huayi's fluorine-free environmental protection industry. The United Nations Environmental Protection Agency has also granted two grants of US$2.33 million to support the expansion and renovation of Huayi's new working fluid refrigeration demonstration line.

All technical indicators of the compressors manufactured by the company have reached the international advanced level. The products have passed CCEE, CB, VDE, TUV, UL and 3C certifications. "Huayi" brand compressors have won the titles of "China Famous Brand" and "China Famous Trademark".

Since Changhong took over Huayi Compression in 2007, in line with the corporate purpose of "employee satisfaction, customer satisfaction, shareholder satisfaction", the company's development has entered a higher level of fast lane. Looking forward to the future, Huayi Compression will become the world's leading R&D and manufacturing base for refrigerator compressors.