Sanhua Intelligent Controls Co., Ltd. released the annual and ESG report for 2023

18 Jun. 2024

In May 2024, the Sanhua Intelligent Controls Co., Ltd. (SIC) released the annual and ESG report for 2023. The report focuses on the refrigeration and air-conditioning electronic components sector and the revenue of the Sanhua Holding Group for 2023 and Q1 of 2024.

SIC gained 13.51% net profit between 2022 and 2023 (roughly 2.92 billion RMB or 400.6 million in USD) and the gross profit margin is a rate of 27.89%, a 1.81% increase from 2022. The assets total over 318.91 million RMB or 43.9 million USD. By the end of 2023, SIC had 3,792 intellectual property rights obtained and 1,879 invention patents recorded.

In tandem with generating revenue, SIC is taking action to contribute to sustainable development in line with the United Nations Sustainable Development Goals with consistent research and green development. Sanhua prioritizes sustainable development such as developing resource-efficient and environmentally friendly products.

In the past year, the Sanhua Holding Group has been awarded the 2023 China Energy Conservation Association Energy Conservation and Emission Reduction Enterprise Contribution Award for Excellent Parts and Components Brand in the Heat Pump Industry granted by the Heat Pump Committee of China Energy Conservation Association.

The SHG proves that sustainability can be profitable and will continue to make strides in our mission to "Develop smart low-carbon economy, create an eco-friendly environment for mankind". Read the full report here.

Sanhua International is the North American subsidiary of Sanhua Intelligent Controls and is based in Houston, TX.

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