{{Short description|Chinese electrical equipment company}} {{Use dmy dates|date=February 2025}} {{Infobox company | name = CHINT Group Co., Ltd. | native_name = 正泰集团股份有限公司 | logo = Chint logo.png | trading_name = Chint | type = Private | traded_as = {{SSE|601877}} (Chint Electric) | foundation = {{start date and age|1984}} | location = Yueqing, Zhejiang, China | founder = {{ubl| Nan Cunhui}} | key_people = {{ubl|Nan Cunhui (Chairman)}} | revenue = {{Increase}} {{USD|link=yes|22.1 billion}} (2024) | assets = {{Increase}} {{USD|link=yes|24.3 billion}} (2024) | owner = | num_employees = 50,000+ (2024) | industry = {{ubl|Electrical equipment|Photovoltaics}} | subsid = | homepage = {{Official URL}} | footnotes = }}
'''CHINT Group Co., Ltd.''' (Chint; {{Zh|c=|p=Zhèngtài Jítuán|s=正泰集团}}) is a Chinese holding company that focuses on low-voltage electrical appliances and photovoltaic products.
Its electrical appliance subsidiary is named Chint Electric and is currently listed on the Shanghai Stock Exchange.
== Background == [[File:CHiNT NS2-25.JPG|left|thumb|Motor protective circuit breaker]] left|thumb|Astronergy solar panels in California Chint was founded in 1984 by Nan Cunhui when he was 21 years old with five friends. They pooled 50,000 yuan in investment capital using earnings from shoe-repair work.<ref name=":0">{{Cite web |last=Ryan |first=Colleen |date=5 July 2005 |title=Chint Group heralds a new era |url=https://www.afr.com/world/chint-group-heralds-a-new-era-20050705-jv7r6 |access-date=18 February 2025 |website=Australian Financial Review |language=en}}</ref><ref name=":1">{{Cite news |last=Wonacott |first=Peter |date=8 November 2002 |title=As Communist Party Congress Opens, Entrepreneurs' Role Is Still a Mystery |url=https://www.wsj.com/articles/SB103670341641711268 |access-date=18 February 2025 |work=Wall Street Journal |language=en-US |issn=0099-9660}}</ref><ref name=":2">{{Cite web |last=Ma |first=Zhenhuan |date=20 May 2021 |title=Solar panel firm reflects new thinking on energy |url=https://www.chinadaily.com.cn/a/202105/20/WS60a5ce74a31024ad0bac0459.html |access-date=18 February 2025 |website=China Daily |archive-date=24 February 2025 |archive-url=https://web.archive.org/web/20250224003610/https://www.chinadaily.com.cn/a/202105/20/WS60a5ce74a31024ad0bac0459.html |url-status=live }}</ref>It began as Yueqing Switch Factory.<ref name=":2" />
In 1991, the factory was restructured into a joint-stock company. With foreign investment and advanced technology and equipment, Nan established the Sino-US joint venture Chint Electric, which later became Chint Group.<ref name=":2" />
In July 2001, Jiang Zemin decreed that private businessmen could join the Chinese Communist Party (CCP). Nan was rejected twice from joining before being accepted to become a deputy at the National People's Congress.<ref name=":0" /><ref name=":1" /> Nan encouraged Chint employees to join the CCP and in 2002, the company had 262 party members.<ref name=":1" /> Chint was seen to be well connected to the Chinese government with its customers including the Three Gorges Dam, Baosteel; Beijing Airport, China Central Television and a string of provincial governments. Chint was the first private company in Zhejiang to provide pension insurance for its workers and also provided better pay and benefits. In 2004, 60,000 visitors went to Chints factory in Wenzhou with most being provincial government officials who came to see how the private economy in China can operate.<ref name=":0" />
In 2006, Chint entered the photovoltaic energy field.<ref name=":2" />
In 2007, Chint sued Schneider Electric for patent infringement. In April 2009, Schneider Electric agreed to pay $23m to settle which at the time was the largest recorded settlement in an intellectual property case in China.<ref>{{Cite web |last=Waldmeir |first=Patti |date=16 April 2009 |title=Schneider settles China fight |url=https://www.ft.com/content/5d25b266-29e2-11de-9e56-00144feabdc0 |access-date=18 February 2025 |website=Financial Times |language=en-GB |archive-date=26 June 2024 |archive-url=https://web.archive.org/web/20240626200826/https://www.ft.com/content/5d25b266-29e2-11de-9e56-00144feabdc0 |url-status=live }}</ref>
In 2010, Chint electric was listed on the Shanghai Stock Exchange.<ref name=":2" />
Chint was one of the main sponsors involved in the creation of Wenzhou Minshang Bank, the first private bank in China. Nan would become its chairman. The bank started operations in March 2015.<ref>{{Cite web |date=26 March 2015 |title=China's first private bank begins lending - China.org.cn |url=http://www.china.org.cn/business/2015-03/26/content_35163230.htm |access-date=18 February 2025 |website=www.china.org.cn |archive-date=24 February 2025 |archive-url=https://web.archive.org/web/20250224003721/http://www.china.org.cn/business/2015-03/26/content_35163230.htm |url-status=live }}</ref>
By May 2024, Chint had expanded its business operations outside China covering over 100 countries and regions. Overseas business accounted for 30% of total revenue.<ref>{{Cite web |last=孙迟 |date=30 May 2024 |title=Sci-tech transforming Chint into smart energy provider |url=https://www.chinadaily.com.cn/a/202405/30/WS6657dd9aa31082fc043c9faf.html |access-date=18 February 2025 |website=China Daily |archive-date=24 February 2025 |archive-url=https://web.archive.org/web/20250224003612/https://www.chinadaily.com.cn/a/202405/30/WS6657dd9aa31082fc043c9faf.html |url-status=live }}</ref>
As of 2025, photovoltaic power stations have been a rapid growth point for Chint in recent years.<ref>{{Cite web |last=Lu |first=Ruyi |date=18 February 2025 |title=China's Chint Electric to Work Harder on New Productivity, Chairman Says |url=https://www.yicaiglobal.com/news/chinas-chint-electric-to-work-harder-on-new-productivity-chairman-says |access-date=18 February 2025 |website=Yicai Global |language=en |archive-date=18 February 2025 |archive-url=https://web.archive.org/web/20250218073013/https://www.yicaiglobal.com/news/chinas-chint-electric-to-work-harder-on-new-productivity-chairman-says |url-status=live }}</ref>
==See also== * Shanghai Electric * Sungrow * Solar power in China
==References== {{Reflist}}
{{Power companies of China}} {{authority control}} Category:1984 establishments in China Category:1984 in Wenzhou Category:Chinese companies established in 1984 Category:Companies based in Wenzhou Category:Electrical engineering companies of China Category:Manufacturing companies of China Category:Solar energy companies of China