NARI Technology Development Bundle

Who Owns NARI Technology Development Company?
Understanding NARI Technology Development Company's ownership is key to grasping its strategic direction in the power and smart energy sectors. Established on February 28, 2001, in Nanjing, China, the company embarked on its public journey with an IPO on October 16, 2003.

NARI Technology Development Company is publicly traded on the Shanghai Stock Exchange (600406). As of July 21, 2025, its market capitalization reached $25.7 billion, with 8.03 billion shares outstanding. The company's trailing 12-month revenue was $8.13 billion as of March 31, 2025. NARI Technology is a major force in electrical equipment and automation, employing approximately 11,131 individuals in 2024 and holding about 17% of China's domestic power automation solutions market. This includes their advanced NARI Technology Development Porter's Five Forces Analysis solutions.
Who Founded NARI Technology Development?
NARI Technology Development Company was established on February 28, 2001, with NARI Group serving as its primary sponsor. The NARI Group's origins trace back to the Nanjing Automation Research Institute, founded in 1973 under the State Grid Corporation of China. While specific details regarding individual founders and their initial equity stakes are not publicly disclosed, the NARI Group's sponsorship highlights its foundational role in the company's early ownership structure.
NARI Technology Development Company was founded on February 28, 2001. Its establishment was primarily sponsored by the NARI Group. The NARI Group itself originated from the Nanjing Automation Research Institute. This institute was founded in 1973. The Nanjing Automation Research Institute was established under the State Grid Corporation of China (SGCC). This indicates an early connection to state-owned enterprises. Specific names of individual founders and their initial equity percentages at inception are not publicly detailed. The NARI Group's sponsorship is the primary indicator of early ownership influence. The company went public on October 16, 2003, listing on the Shanghai Stock Exchange. This event introduced public shareholders into its ownership structure. NARI Technology became the first company owned by the State Grid Corporation of China to be listed on the stock exchange. |
Early agreements, such as specific vesting schedules or buy-sell clauses from its private inception, are not readily available in public records. The IPO on October 16, 2003, marked a significant shift, making NARI Technology the first listed entity under the State Grid Corporation of China's umbrella, thereby broadening its NARI Technology ownership base. Understanding the Competitors Landscape of NARI Technology Development can provide further context on its market positioning and potential early strategic alliances.
The foundational ownership of NARI Technology Development Company is closely tied to the NARI Group, which itself is linked to the State Grid Corporation of China. The company's transition to a publicly traded entity in 2003 significantly altered its ownership structure.
- Primary Sponsor: NARI Group
- NARI Group Origin: Nanjing Automation Research Institute (founded 1973)
- Affiliation: State Grid Corporation of China
- IPO Date: October 16, 2003
- Exchange: Shanghai Stock Exchange
- Market Significance: First SGCC-owned company to list
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How Has NARI Technology Development’s Ownership Changed Over Time?
The ownership of NARI Technology Development Company, ticker 600406 on the Shanghai Stock Exchange, has undergone significant changes since its initial public offering in 2003. A key event was the shift in direct controlling shareholder on June 16, 2025, impacting its corporate structure.
Shareholder | Percentage of Ownership | Date of Record |
---|---|---|
NARI Group Corporation | 52% | February 2, 2025 |
State Grid Suzhou Electrical Apparatus Science Academy | 56.90% | June 16, 2025 |
State-owned Assets Supervision and Administration Commission of the State Council | Actual Controller | Ongoing |
The NARI Technology Development Company ownership structure reflects a blend of state and private interests. While NARI Group Corporation was the largest shareholder with 52% as of February 2, 2025, a pivotal change occurred on June 16, 2025, when State Grid Suzhou Electrical Apparatus Science Academy became the direct controlling shareholder, holding 56.90% of the company's total share capital. The ultimate controller remains the State-owned Assets Supervision and Administration Commission of the State Council, underscoring its state-owned enterprise status. This evolution is crucial for understanding who owns NARI Technology. As of February 2, 2025, private companies collectively held 58% of the shares, with individual investors accounting for 23%. Institutional ownership stood at 18% as of February 2, 2025, and approximately 30% based on later filings, with some reports suggesting around 35% as of Q3 2023. This dynamic ownership landscape highlights the diverse NARI Technology shareholders and investors involved.
Understanding the NARI Technology corporate structure involves recognizing the influence of various entities. The company's market capitalization was $25.7 billion as of March 31, 2025, with 8.03 billion shares outstanding.
- State Grid Suzhou Electrical Apparatus Science Academy is the direct controlling shareholder.
- The State-owned Assets Supervision and Administration Commission of the State Council is the ultimate controller.
- Private companies collectively hold a significant portion of the ownership.
- Individual investors represent a substantial segment of the shareholder base.
- Notable institutional investors include China Life Asset Management and BlackRock, Inc.
- Other significant institutional holders as of mid-2025 include RBC Global Asset Management (UK) Ltd. and JPMorgan Asset Management (Asia Pacific) Ltd.
- China Securities Finance Corp. Ltd. and China Asset Management Co., Ltd. also hold substantial stakes.
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Who Sits on NARI Technology Development’s Board?
The Board of Directors at NARI Technology Co., Ltd. is instrumental in guiding the company's strategic direction, with its composition reflecting the significant state-owned influence. As of July 2025, Zong Qiang Zheng holds key positions including Chairman and Director, also leading several important committees. Other directors include Hai Dong Ding and Wei Yan, with independent directors such as Min Qiang Hu, Xiaobo Dou, and Yang Zeng having served in recent years.
Board Member | Role | Key Committees |
Zong Qiang Zheng | Chairman, Director | Nomination, Strategy, ESG, Science and Technology Innovation |
Hai Dong Ding | Director | |
Wei Yan | Director | |
Min Qiang Hu | Independent Director (as of 2023/2024) | |
Xiaobo Dou | Independent Director (as of 2023/2024) | |
Yang Zeng | Independent Director (as of 2023/2024) |
The voting power within NARI Technology is largely concentrated due to its majority shareholder, the State Grid Suzhou Electrical Apparatus Academy, which directly controlled 56.90% of the company's total share capital as of June 16, 2025. This substantial stake means the State-owned Assets Supervision and Administration Commission of the State Council is the ultimate actual controller, shaping major decisions. While the company is publicly traded, this significant state ownership ensures alignment with state-backed objectives, and there have been no reported challenges to this ownership structure from activist investors.
The ownership structure of NARI Technology is characterized by a dominant state-owned entity. This influences its strategic direction and operational priorities.
- The State Grid Suzhou Electrical Apparatus Academy is the majority shareholder.
- The State-owned Assets Supervision and Administration Commission of the State Council is the ultimate controller.
- NARI Technology is a publicly listed company, indicating a mix of ownership.
- Understanding this structure is key to grasping NARI Technology's market position and Mission, Vision & Core Values of NARI Technology Development.
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What Recent Changes Have Shaped NARI Technology Development’s Ownership Landscape?
In recent years, NARI Technology Development Company has experienced a significant shift in its direct controlling shareholder. This evolution underscores a strategic realignment within its corporate structure, maintaining its state-backed foundation.
Shareholder | Previous Stake | Current Stake | Date of Change |
---|---|---|---|
NARI Group | 52% | 0% | June 16, 2025 |
State Grid Suzhou Electrical Apparatus Science Academy | N/A | 56.90% | June 16, 2025 |
The ultimate actual controller of NARI Technology Development Company remains the State-owned Assets Supervision and Administration Commission of the State Council, confirming its status as a state-owned enterprise. This governmental oversight ensures a consistent strategic direction for the company.
Institutional ownership hovers between 30% and 35%. Key investors like China Life Asset Management and BlackRock, Inc. are significant stakeholders, though BlackRock recently reduced its holdings by 5%.
The company authorized a CNY 1,000 million equity buyback in October 2023, repurchasing CNY 500.8 million worth of shares. As of July 21, 2025, the stock price was $3.19 with a market cap of $25.7 billion.
NARI Technology reported 2024 revenue of 57.42 billion CNY, an 11.15% increase year-over-year. A dividend of CNY 0.57 per share was declared for the past fiscal year, with the last payment on June 27, 2025.
Hope Investment Group has recently established a position in the company. This move suggests a positive outlook from new participants in the NARI Technology shareholder base.
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