Resource integration, transformation and upgrading stage (since 2012)
Enhance the integration of various factors, such as brand, talents, technology, marketing channel and so on, so as to strengthen the coordinated cooperation of the three major business sections: smart electricity, clean energy and equity investment, so as to increase the industry chain’s competitiveness and has successfully developed Chint into a world leading clean energy developer and energy efficiency management series solution provider.
Enhancing and spanning stage (2003-2011)
Chint set the goal of “Creating a world-class electrics manufacturing enterprise”. Chint has established manufacturing bases of low-voltage electrical products, instruments & meters, building appliances, power transmission and distribution equipments, industrial automation products, PV power products in Southeast China successively. As self-innovation became the theme for an enterprise’s development, Chint obtained over 200 Chinese and international patents, and led the formulation of more than 30 industry standards. Zhejiang Chint Electrics Co., Ltd., a subsidiary of the Group, successfully went public on Shanghai A-Stock market in January 2010. Moreover, Chint vigorously implemented the strategy of Internationalization, and set up overseas subsidiaries in America, Italy, Russia, Brazil, the United Arab Emirates and other regions.
Stage of transition from the Group to holding (group) company (1997-2002)
On July 21, 1997, Zhejiang Chint Electrics Co., Ltd., the first normative joint-stock limited company under Chint was established. Taking this chance, Chint carried out shareholding system transformation to all its subsidiaries, set up joint-stock limited companies and limited liability companies so as to employ the modern management system. In 1999, Chint further opened its first overseas office in Middle East, marking its first step towards the internationalization.
Expansion and group operation stage (1994-1996)
Wenzhou Chint Group was incorporated in February 1994, which became the first enterprise group in China’s low-voltage apparatus industry with 53 affiliated members. Integrating capital, product and technology, Chint took a road to group operation via merger and collaboration, resulting in rapid expansion.
Targeted development stage (1991-1993)
The Sino-American joint venture – Wenzhou Chint Electrics Co., Ltd. was established in 1991 to introduce the foreign advanced technology and equipment as well as to help the enterprise grow by taking full advantage of the government’s preferential policy for joint ventures, thus the apparatus-oriented development direction was defined.
Start-up and accumulation stage (1984-1990)
Yueqing Qiujing Switch Factory (predecessor of Chint Group) was founded in July 1984. Building up from a capital of RMB 50,000(about USD 8,000), Chint, in line with the spirits of “Always striving for excellence” and “Surviving on quality and credit”, completed the primitive accumulation of capital, laying the foundation for its following development.