2024 marks the 40th anniversary of the creation
of the Sanhua Holding Group. Large, global companies often have roots that
trace back to the efforts of a few dedicated individuals working locally, and
Sanhua Holding Group is no exception.
Our story begins in September 1967 with the "Xinchang
West People's Commune Agricultural Machinery Repair & Assembly
Factory."
Originally, the factory was set up to repair simple farming
tools, equipped with just one iron furnace and staffed by only seven workers.
The early years (from 1969 until 1979) were challenging. The factory struggled
with limited product offerings, inadequate management, and insufficient
production facilities.
Despite these initial hurdles, the foundation was laid for
what would eventually become Sanhua Holding Group.
A turning point
The business venture turned around when Mr. Zhang Daocai
joined the factory, bringing his expertise and vision.
Initially serving as Deputy Director and Manager of
Purchasing and Sales, Mr. Zhang was responsible for marketing and business
development. His contributions laid the groundwork for substantial change.
In August 1984, Mr. Zhang assumed full management of the
factory, renamed "Xinchang Refrigeration Components Factory." This
crucial moment marked the foundation of what would become Sanhua.
1984–1993: Grand inauguration and setting a course
Our timeline is dotted with numerous milestones, especially
during the formative years from 1984 to 1993, when we laid the essential
groundwork for our future.
During this period, we conducted extensive marketing
research and strategic product development. We successfully introduced more
than ten solutions, including filters, driers, and thermal expansion valves,
initially targeting the roadside restaurant refrigerator market and
subsequently the domestic refrigerator market.
These years were particularly fruitful in identifying three
key strategic solutions for their respective markets:
1. Two-position
and three-way solenoid valves for the household refrigerator market.
2. Four-way
reversing valves for the HVAC&R market.
3. Thermal
expansion valves for the automotive air conditioning systems market.
The development and implementation of the first of these
solutions contributed to an annual profit exceeding 10 million yuan, or $1,374,816,
marking a significant achievement in our early history.
1994–2003: Blossoming of three unique flowers
The next chapter in Sanhua's history can be described as a
period of significant growth, during which the company's strategy was
solidified. Management processes and staff training were strengthened, and
operations were enhanced. Our production achieved certification in several
quality management, safety, and compliance standards, including ISO9000,
ISO10012, QS9000, ISO9001, ISO/TS16949, ISO14001, UL, TUV, and VDE. A notable
event during this period was the development of electronic expansion valves,
solenoid valves, and other products, which expanded our market share in the
HVAC & R industry. The "Three Flowers of Management, Technology, and
Talent" began to develop as the company's core values, shaping our
direction and success.
2004–2013: Sanhua's expansion
During this period, the company grew year by year and
started to be more visible globally. Zhejiang Sanhua Intelligent Controls Co
Ltd was listed on the Shenzhen Stock Exchange and Sanhua became the world's
largest manufacturer of four-way reversing valves and a leading manufacturer of
electronic expansion valves for inverter air conditioners.
The company also developed several innovative products,
including microchannel heat exchangers, frequency converters, and other
energy-saving and intelligent control devices. These developments were part of
numerous projects completed during this time.
2014–present: Continually building a sustainable future
Years of numerous achievements have positioned Sanhua as an
iconic company. We hold the number 1 position worldwide in market share for
four-way reversing valves, electronic expansion valves, microchannel heat
exchangers, and shut-off valves.
Today, the company has 6 R&D centers, 9 main production
bases, more than 20 factories, and many sales and service centers across China,
the United States, Mexico, Germany, Austria, Poland, Turkey, Japan, Korea,
Singapore, Vietnam, and India, offering localized products and responsive
services.
By the end of 2023, our market value had soared by more than
40%, solidifying our position as one of the top companies in Zhejiang Province.
According to the Environmental, Social, and Governance (ESG)
report, our R&D team achieved remarkable results in 2023, securing 3,792
intellectual property rights, including 1,879 invention patents. These
innovations directly contribute to a greener future by developing
energy-efficient technologies.
Sanhua's team continues to work on putting the company's
goals and principles into action, particularly those related to sustainability.
Thanks to the actions of Sanhua employees over the
past 40 years, Sanhua Intelligent Controls has become a trusted strategic
partner to leading automobile and air conditioner/refrigerator manufacturers
worldwide.
