{{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 = [[Privately held company|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|low-voltage]] electrical appliances and [[Photovoltaics|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]]]] [[File:Rice Dryer Solar Project.jpg|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 contract|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 station]]s 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]]