Dongguan Aohai Technology Co., Ltd. (002993.SZ) Bundle
Founded in 2004, Dongguan Aohai Technology Co., Ltd. has grown from a charger and adapter maker into a global energy-tech player-selling over 300 million chargers in 2021 and expanding into smart home, AI hardware and emerging energy products while securing a 2025 design patent for a 'Charging Pile (Energy Machine Warehouse)'; the company reported 6.42 billion yuan in revenue for 2024 (up 24.14% year-on-year) with net profit of 464.86 million yuan (+5.43%), overseas revenue of 1.015 billion yuan in 2024 (34.29% of total, +42.93% YoY), operates six intelligent manufacturing bases and six overseas offices as of December 2025, employs a R&D team of over 600 with more than 500 patents, is publicly listed on Shenzhen (002993.SZ) with a market capitalization around 11.65 billion yuan (Dec 18, 2025), completed a share repurchase of 534,100 shares (0.19%) for 19.9971 million yuan on July 31, 2025, and-through vertical integration across design, R&D, manufacturing and global sales-generates revenue from chargers, power supplies, wireless charging, energy storage and EV charging solutions while analysts forecast revenue of 8.088 billion yuan and net profit of 610 million yuan for 2025, underscoring its strategic focus on innovation, capacity expansion and international growth
Dongguan Aohai Technology Co., Ltd. (002993.SZ): Intro
Dongguan Aohai Technology Co., Ltd. (002993.SZ) is a publicly listed China-based consumer electronics and power solutions manufacturer founded in 2004. The company specializes in design, R&D, production and sales of power delivery products and has expanded into smart home, AI hardware and emerging energy solutions.
- Founded: 2004 (design, R&D, production, sales of chargers, adapters, server power supplies, wireless chargers, power banks)
- Listing: Shenzhen Stock Exchange (ticker 002993.SZ)
- Global footprint (offices as of Dec 2025): USA, Singapore, Japan, Vietnam, India, Hong Kong
- Intelligent manufacturing bases (global): including Dongguan, Jiangxi, Wuhan, India, Indonesia (six major bases in total)
| Metric | 2023 | 2024 | YoY (%) |
|---|---|---|---|
| Revenue (CNY) | ≈5.17 billion | 6.42 billion | +24.14% |
| Net profit (CNY) | ≈440.80 million | 464.86 million | +5.43% |
| Chargers sold (annual) | - | - | 2021: >300 million units (top-3 global) |
History & Milestones
- 2004 - Company established in Dongguan focusing on power-related consumer electronics.
- 2010s - Expanded OEM/ODM services for smartphone and accessory manufacturers; ramped factory automation.
- 2021 - Sold over 300 million chargers; ranked among top three global charger sellers by unit volume.
- 2024 - Reported revenue of 6.42 billion CNY and net profit of 464.86 million CNY.
- 2025 - Granted a design patent for a 'Charging Pile (Energy Machine Warehouse)' (EV charging infrastructure innovation).
- 2025 - Expanded overseas offices to six major markets and operates six intelligent manufacturing bases globally.
Ownership & Corporate Structure
- Public company on Shenzhen Stock Exchange (002993.SZ).
- Ownership mix: institutional investors, retail float, and company insiders/management (typical for listed Chinese manufacturing firms).
- Corporate functions: in-house R&D, centralized production management across intelligent bases, global sales & service network.
Mission, Vision & R&D Focus
Mission and strategic orientation emphasize reliable, high-efficiency power solutions, wireless & smart charging ecosystems, and new energy infrastructure. See formal statements and latest updates: Mission Statement, Vision, & Core Values (2026) of Dongguan Aohai Technology Co., Ltd.
- R&D priorities: high-efficiency PD chargers, GaN and SiC power devices, wireless charging alignment, AI hardware integration, EV charging systems.
- IP activity: design patent (2025) for Charging Pile - signals push into charging infrastructure and energy storage integration.
Product Portfolio & Markets
- Core products: smartphone chargers, adapters, wireless chargers, power banks, server power supplies.
- Expanded categories: smart home devices, AI hardware modules, personal energy packs, smart charging posts and EV charging solutions.
- Customer segments: OEM/ODM smartphone brands, consumer retail channels, enterprise/server customers, EV infrastructure operators.
How It Works - Operations & Manufacturing
End-to-end model combining design & prototyping, mass manufacturing across intelligent bases, quality control, and global distribution.
- Design & R&D: internal teams develop charger architectures (PD, fast-charging protocols), wireless coil designs, and EV charging pile concepts.
- Manufacturing: automated production lines across six intelligent bases to scale unit volumes and control costs.
- Sales & distribution: direct B2B contracts (OEM/ODM), branded product sales to retailers, and B2G / B2B for infrastructure projects.
- After-sales & services: warranty, certification support (e.g., CE, FCC, CCC), and global technical service centers.
How It Makes Money - Revenue Streams
| Revenue Stream | Description |
|---|---|
| OEM/ODM manufacturing | Large-volume production contracts for smartphone/accessory brands (primary volume driver) |
| Branded consumer products | Chargers, wireless chargers, power banks sold via retail and online channels |
| Server & enterprise power supplies | Sales to datacenter and enterprise equipment manufacturers |
| EV charging & emerging energy products | Charging piles, personal energy packs, and installation/service contracts (growing strategic segment) |
| After-sales & services | Warranty, technical support, and value-added services for enterprise customers |
Key Financial & Operational Indicators (highlighted)
- 2024 revenue: 6.42 billion CNY (+24.14% YoY)
- 2024 net profit: 464.86 million CNY (+5.43% YoY)
- 2021 unit milestone: >300 million chargers sold (global top-3 by unit volume)
- Global presence: six overseas offices and six intelligent manufacturing bases as of Dec 2025
Dongguan Aohai Technology Co., Ltd. (002993.SZ): History
Founded in Dongguan, Guangdong, Dongguan Aohai Technology Co., Ltd. (002993.SZ) has grown from a component and materials supplier into an integrated provider of precision parts and advanced manufacturing services for electronics and related industries. Major developmental milestones include capacity expansions, technological upgrades, and listing on the Shenzhen Stock Exchange, which anchored its transition to a public company and broader institutional ownership.- Public listing: traded on the Shenzhen Stock Exchange under ticker 002993.SZ.
- Market capitalization: approximately 11.65 billion yuan (as of 2025-12-18).
- Share repurchase: as of 2025-07-31 repurchased 0.19% of shares (534,100 shares) costing 19.9971 million yuan.
- Governance: board includes Chairman & General Manager Hao Liu; Deputy General Managers Xu Liu and Cuisi Kuang.
- Disclosure: financial statements and shareholder details are publicly available via the Shenzhen Stock Exchange and the company website.
| Metric | Value |
|---|---|
| Ticker | 002993.SZ |
| Market Capitalization (2025-12-18) | 11.65 billion yuan |
| Share Repurchase (2025-07-31) | 534,100 shares (0.19%) |
| Repurchase Cost | 19.9971 million yuan |
| Key Board Members | Hao Liu (Chairman & GM); Xu Liu (Deputy GM); Cuisi Kuang (Deputy GM) |
| Public Filings | Shenzhen Stock Exchange; company website |
- Ownership structure: a mix of institutional investors and individual stakeholders; detailed shareholder percentages and changes are published in the company's annual and interim reports.
- How it makes money: core revenue from manufacturing and sale of precision components, assembly services, and value-added processing for electronics OEMs and downstream integrators.
Dongguan Aohai Technology Co., Ltd. (002993.SZ): Ownership Structure
Dongguan Aohai Technology Co., Ltd. (002993.SZ) positions itself as a technology-driven provider of charging and energy storage solutions, emphasizing energy efficiency, sustainability and continuous innovation. The company's mission and values drive product development, strategic investment in R&D, and a focus on green, low‑carbon technologies.- Mission: Provide customers with efficient charging and storage solutions through energy‑efficient, innovative technologies and high‑quality service.
- Core values: Technology leadership, sustainability, continuous improvement, customer focus, and quality assurance.
- Strategic positioning: Technology-based enterprise leading in intelligent IoT device charging/storage, new energy vehicles, and digital energy systems.
- R&D workforce: >600 professionals concentrated in hardware, software, system integration and algorithm development.
- Intellectual property: >500 granted patents spanning motor control, battery management systems (BMS), wireless charging, power electronics and related control algorithms.
- Product focus areas: Smart chargers for consumer electronics and IoT, BMS and charging systems for new energy vehicles, energy storage inverters and digital energy management solutions.
- Product sales - chargers, BMS modules, inverters and integrated energy storage systems sold to OEMs, distributors and end users.
- Project & system integration - turnkey digital energy and EV charging projects for commercial, industrial and municipal customers.
- After‑sales & service - maintenance, firmware updates, extended warranties and software subscriptions for energy management features.
- Licensing & IP - licensing of control algorithms, BMS architectures and other patented technologies.
| Item | Value / Notes |
|---|---|
| Listing code | 002993.SZ |
| R&D staff | >600 professionals |
| Patents | >500 granted patents |
| Primary end markets | IoT device charging, new energy vehicles (EV components), digital energy & energy storage |
| Revenue model | Hardware sales, system integration projects, after‑sales services, IP/licensing |
- Listed entity: Publicly traded on the Shenzhen Stock Exchange (002993.SZ).
- Typical ownership mix: combination of strategic/controlling shareholders, institutional investors and public/free float - corporate disclosures list top holders and their stakes in regular reports.
- Governance emphasis: R&D investment and technology leadership reflected in board and management strategic priorities.
Dongguan Aohai Technology Co., Ltd. (002993.SZ): Mission and Values
Dongguan Aohai Technology Co., Ltd. (002993.SZ) pursues a mission to advance safe, high‑efficiency power delivery and energy storage solutions for consumer electronics, new energy vehicles (NEVs), data centers and industrial applications. The company emphasizes technological leadership, product reliability, and customer co‑development to capture rising demand from electrification and digitalization.- Mission: Deliver secure, scalable charging and power systems that enable electrification across industries while minimizing energy loss and maximizing lifecycle value.
- Core values: safety-first engineering, customer-centric customization, continuous R&D investment, and vertically integrated quality control.
- Strategic priorities: expand global manufacturing footprint, deepen partnerships with OEMs/EV manufacturers, and scale product ranges in fast‑charging, energy storage and power electronics.
- Design & R&D: Centralized product architecture and modular platforms for charging modules, battery management systems (BMS) and power converters; focus on thermal management, high‑power density and fast‑charging topologies.
- Manufacturing: In-house injection molding, metal stamping, PCB assembly, and automated final assembly lines to ensure repeatable quality and scale.
- Supply chain: Global sourcing of key components (semiconductors, connector housings, cells for storage) from tier‑1 suppliers with dual‑source strategies to reduce lead‑time risk.
- Sales & service: Direct OEM channels for automotive and data center clients plus distribution and aftermarket service for consumer electronics markets.
| Location | Primary Function | Notable Capacity / Notes |
|---|---|---|
| Dongguan (China) | Headquarters, R&D, high‑mix manufacturing | Core R&D center; high‑volume connector & charger assembly (approx. 20M units/yr capacity) |
| Jiangxi (China) | Scale manufacturing, module assembly | Medium‑to‑large scale battery & charger module production (approx. 10M units/yr) |
| Wuhan (China) | Power systems engineering, testing | Focus on EV power systems and high‑power chargers; environmental and thermal testing labs |
| India | Localized production & support | Regional assembly to serve South Asia markets; reduces tariffs and lead times |
| Indonesia | Export hub & manufacturing | Facility for ASEAN distribution and supply resilience |
- Charging solutions: fast‑charging topologies (high‑power DC chargers, GaN/SiC adoption for higher efficiency), intelligent charging management and safety protocols.
- Energy storage: BMS algorithms, cell balancing, thermal runaway mitigation, and battery pack modularization for scalability in stationary storage and EV auxiliary systems.
- Power systems: high‑efficiency converters, integrated thermal designs, and communications (CAN/OTA) for vehicle/network integration.
- Consumer electronics: chargers, adapters, and cable/connector systems adapted to fast‑charge standards and consumer safety certifications.
- Automotive (NEVs & hybrids): EV on‑board chargers (OBC), DC fast charging components, and BMS solutions customized per OEM specifications.
- Data centers & telecom: power distribution modules, UPS interfaces and redundant charging systems designed for high availability and thermal efficiency.
| Revenue Stream | Description | Relative Margin Profile |
|---|---|---|
| OEM product sales | Large contracts for EV chargers, OBCs, BMS and connectors sold directly to vehicle manufacturers and large electronics OEMs | Medium-High (volume contracts, customization premiums) |
| Aftermarket & distribution | Retail chargers, replacement parts, and distribution channels for consumer and commercial customers | Medium (higher unit prices but competitive) |
| Module & system integration | Turn‑key integration services for data centers and industrial clients including testing and certification | High (service and integration premiums) |
| Licensing & joint development | Co‑development agreements and IP licensing with partners and OEMs | Variable (recurring potential) |
- Vertical integration reduces gross cost per unit by internalizing manufacturing steps and improving yield control.
- Regional manufacturing lowers logistics costs and tariff exposure while enabling faster response to local demand.
- Standardized modular platforms shorten time‑to‑market and reduce engineering cost per program.
- Listed ticker: 002993.SZ - access to capital markets supports factory scaling and R&D investment.
- Manufacturing footprint: 5 principal production/R&D sites across China and Southeast/South Asia to serve global OEMs.
- Product breadth: charging systems, connectors, BMS, power converters and integrated energy storage modules targeting multi‑billion RMB addressable markets in NEVs and data center electrification.
Dongguan Aohai Technology Co., Ltd. (002993.SZ): How It Works
Dongguan Aohai Technology Co., Ltd. designs, manufactures and sells a broad portfolio of power-electronics and energy products that convert, store and deliver electrical energy for consumer electronics, industrial applications and electric vehicles. The company's core capabilities combine power-architecture design, module and system integration, and manufacturing scale to turn component-level technology into finished chargers, power supplies, wireless charging units and energy storage systems.
- Product lines: chargers and adapters, AC/DC and DC/DC power supplies, wireless charging modules and systems, energy storage products, EV charging and powertrain-related solutions.
- Value chain: R&D design → prototyping → component sourcing → mass production → system integration → channel sales (domestic OEM/ODM, branded sales, overseas distribution).
- Technology focus: high-power conversion topologies, thermal management, magnetic components, wireless power transfer, battery management and integrated energy solutions.
| Metric | 2024 Figure | Notes |
|---|---|---|
| Overseas revenue | ¥1.015 billion | Year-on-year +42.93% |
| Share of total revenue (overseas) | 34.29% | Significant export contribution |
| Implied total revenue (2024) | ¥2.961 billion (approx.) | Calculated from overseas share |
| Key growth segments | High-power products, wireless charging, EV charging systems | New revenue streams and margin expansion |
How revenue is generated and scaled:
- Product sales: direct sale of chargers, power supplies, wireless charging units and energy storage products to OEMs, channel partners and end customers.
- Systems and solutions: integrated offerings for commercial energy storage and EV charging that command higher ASPs and recurring project revenue.
- Geographic expansion: rapid overseas growth (¥1.015bn, +42.93% YoY) that increases market diversity and reduces single-market dependency.
- R&D and capacity investments: ongoing capex and R&D enable entry into higher-value, high-power and wireless charging markets and support customized, vertically integrated products.
- After-sales and services: warranty, maintenance and system integration services tied to energy storage and EV charging deployments.
Operational levers that turn technology into cash flow:
- Vertical integration of power electronics and module assembly - lowers costs and shortens time-to-market.
- Scalable manufacturing capacity tailored to high-power and wireless product lines - supports volume shipments and margin improvement.
- Customer diversification across consumer electronics, industrial, and EV segments - smooths demand cycles.
- Targeted R&D spending to capture emerging use cases (wireless charging ecosystems, integrated energy storage + charging stations).
Strategic outcomes and recent performance indicators include the outsized overseas growth (¥1.015 billion, representing 34.29% of total revenue in 2024) and a deliberate shift toward higher-margin, system-level solutions in EV charging and energy storage. For more on the company's guiding principles, see Mission Statement, Vision, & Core Values (2026) of Dongguan Aohai Technology Co., Ltd.
Dongguan Aohai Technology Co., Ltd. (002993.SZ): How It Makes Money
Dongguan Aohai Technology Co., Ltd. (002993.SZ) generates revenue primarily through the design, manufacture and sale of chargers, charging systems, energy storage products and related services, with growing exposure to electric vehicle (EV) charging infrastructure. Key drivers include high-volume charger sales, modular energy-storage systems, OEM contracts, after-sales services and new EV charging pile deployments.- Product sales: AC/DC chargers, fast chargers, portable chargers and modules sold to consumer electronics, telecom, industrial and EV segments.
- Systems & solutions: Integrated energy storage and charging systems for commercial and utility customers.
- OEM and contract manufacturing: High-volume production runs for global electronics and EV equipment makers.
- Services & maintenance: Installation, warranty services, software updates and charging network operations.
- Ranked among the top three in global charger sales in 2021, reflecting scale in production and distribution.
- R&D focus and a new charging-pile design target the expanding EV infrastructure market, improving product mix and margin potential.
- Global footprint with offices and manufacturing bases in key international markets supports diversified customer access and faster delivery.
- Sustainability initiatives and energy-efficient technologies align product offerings with global green development policies.
| Metric | 2024 (Estimated Baseline) | 2025 (Analyst Forecast) | YoY Change |
|---|---|---|---|
| Revenue (CNY) | 6,422,000,000 | 8,088,000,000 | +26% |
| Net Profit (CNY) | 466,000,000 | 610,000,000 | +31% |
| Global charger ranking (2021) | Top 3 worldwide in charger sales | ||
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