Nari Technology
| File:NARI Technology.png | |
| NARI-TECH | |
Native name | 国电南瑞科技股份有限公司 |
| Formerly | NARI Technology Development |
| Company type | Public; State-owned enterprise |
| SSE: 600406 CSI A50 | |
| Industry | Electrical equipment |
| Founded | 28 February 2001 |
| Headquarters | Nanjing, Jiangsu, China |
Key people | Shan Shewu (Chairman) Zhang jianming (President) |
| Revenue | Increase CN¥51.57 billion (2023) |
| Increase CN¥7.65 billion (2023) | |
| Total assets | Increase CN¥86.09 billion (2023) |
| Total equity | Increase CN¥50.38 billion (2023) |
| Owner | NARI Group (51%) |
Number of employees | 11,016 (2023) |
| Website | www |
| Footnotes / references [1] | |
NARI Technology Co., Ltd (Nari; Chinese: 国电南瑞; pinyin: Guódiàn Nánruì) is a partially state-owned publicly listed Chinese company that engages in the manufacture and sale of electrical equipment that includes industrial automation control products.
It is majority owned by the Nari Group which is directly under the State Grid Corporation of China.[2]
Background
[edit | edit source]In 1973, the Nanjing Automation Research Institute (Nari Group) was established under the State Grid Corporation of China.[3]
In February 2001, Nari Technology was established as a separate unit under the Nari Group.[1]
On 16 October 2003, Nari held its initial public offering becoming a listed company on the Shanghai Stock Exchange.[1][3]
In April 2023, Britain's National Grid terminated its contract with Nari's subsidiary, NR Electric and in December 2023, started removing components supplied by it for electric power transmission networks. While no reason was given, it was speculated it was due to cybersecurity concerns after advice was given by the National Cyber Security Centre. NR Electric had worked with National Grid since 2019 and stated the decision would cause “a material loss of income for the business.”[2][4]
Business overview
[edit | edit source]Nari is a supplier of power and automation technologies in China.[5]
Nari's main business involves the manufacturing of high-power insulated-gate bipolar junction transistors. It initially had to rely on third-party companies for outsourcing all testing in its research and development processes. However it was able to develop its own in-house testing process after implementing Simcenter Micred, a quality tester produced by Siemens.[5]
References
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External links
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- Companies in the SSE 50 Index
- 2001 establishments in China
- 2003 initial public offerings
- Chinese brands
- Companies based in Nanjing
- Companies listed on the Shanghai Stock Exchange
- Companies in the CSI 100 Index
- Companies in the FTSE China A50 Index
- Electronics companies established in 2001
- Government-owned companies of China
- 2001 in Nanjing