AUX Group

What AUX Group does

AUX Group is a privately held Chinese industrial conglomerate founded in 1986 by Zheng Jianjiang in Ningbo, organized across five business segments: air conditioning, power utilization, power distribution, new energy, and medical services. The group operates through three listed entities — Sanxing Electric (601567.SH), AUX International (02080.HK), and AUX Electric (02580.HK, listed 2025) — and reports FY2025 revenue of RMB 81.6 billion against RMB 76.4 billion in total assets, with two flagship brands (AUX, Sanxing) carrying a combined brand value above RMB 57.1 billion.

The company's core products span household and commercial air conditioners (34 million sets of annual capacity), AC compressors (30 million units), smart electricity meters and transformers (33 million meters) under Sanxing, solar/photovoltaic systems under AUX Solar, and 50 hospitals with 14,000 beds under Mingzhou Medical. Production runs across 17 global manufacturing bases in 12 countries (China, Brazil, Indonesia, Thailand, Poland, Germany, Mexico, Kenya) and seven R&D centers (six in China plus Japan), supported by SCADA-driven intelligent manufacturing with over 90% automated data collection and 100% CNC automation on critical equipment. R&D intensity is 3.9% of sales, with 1,400+ patents including 400+ invention patents and cumulative three-year R&D spend above RMB 10 billion.

The business model combines hardware sales across HVAC, smart power, and solar product lines with professional services revenue from the hospital network and brand licensing/royalty streams. Go-to-market is a dual-wheel direct and dealer model: industry-first online air-conditioner direct-sale channel launched in 2019 sits alongside a domestic franchise network (hotline 4008-268-268) and nine overseas sales subsidiaries covering Spain, Italy, Indonesia, UAE, Vietnam, Saudi Arabia, Malaysia, Thailand, and the United States, with products reaching 160+ countries. The customer base is fragmented across residential consumers, commercial/enterprise buyers, power utilities, healthcare patients, and new-energy developers, and the company monetizes through multi-channel distribution rather than anchor contracts.

Name

AUX Group

Legal name

AUX Group Co., Ltd.

Website

https://en.auxgroup.com

Company type

Public

Founded year

1986

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

AUX Group is a privately held Chinese industrial conglomerate operating five business segments — air conditioning, power utilization, power distribution, new energy, and medical services — through three listed subsidiaries and 17 global manufacturing bases serving 160+ countries, with FY2025 revenue of RMB 81.6 billion.

Ownership category

akta.pro rank

Headquarters

HQ city

Ningbo

HQ country

China

HQ region

Asia

Offices20 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain, Infrastructure

Revenue model

1. Air Conditioning Products: Manufacturing and sale of household and commercial air conditioning systems including smart air conditioners with AI and IoT integration. Revenue from direct product sales through multiple channels including e-commerce and dealer networks.
2. Medical Services: Investment and operation of hospitals through Mingzhou Medical brand, providing healthcare services including critical care rehabilitation, general rehabilitation, nursing care, health examination, and obstetrics/gynecology services. Revenue from hospital operations and medical services delivery.
3. Power Utilization & Distribution Equipment: Smart power solutions including intelligent electricity meters and transformers. The company owns Sanxing Electric (601567.SH), a leading provider of power utilization and distribution solutions.
4. Brand Licensing & Royalties: Two globally famous brands (AUX and Sanxing) with combined brand value over RMB 57.1 billion, generating revenue through brand licensing, partnerships, and royalty arrangements.
5. New Energy Solutions: Solar energy products and solutions including products designed for extreme environments. Revenue from new energy equipment sales including solar panels and related systems.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels4 records

Core offering

AUX Group manufactures and sells household and central air conditioners, smart electricity meters, power distribution transformers, and solar/PV products, and operates medical services through 50 hospitals under the Mingzhou Medical brand. The company also licenses its globally recognized AUX and Sanxing brands for partnerships and royalty arrangements, reaching customers in 160+ countries via 17 manufacturing bases and 7 R&D centers.

Product overview

AUX Group operates as a diversified enterprise with five major business segments: Air Conditioning (household and central air conditioners, compressors), Power Utilization (smart electricity meters under Sanxing brand), Power Distribution (transformers and distribution solutions), New Energy (solar/photovoltaic products), and Medical Services (hospital investment and management through Mingzhou Medical). The company manufactures 34 million sets of household air conditioners and 30 million air conditioning compressors annually across 17 global manufacturing bases. The portfolio consists of two globally famous brands—AUX and Sanxing—valued at over RMB 57.1 billion, with three listed companies (601567.SH, 02080.HK, 02580.HK) providing a multi-brand, multi-industry platform structure.

Differentiator

Problem solved

Functional benefit

Brands

• AUX: Primary global brand for air conditioning and home appliances; brand value RMB 57.1 billion
• Sanxing
• Mingzhou Medical
• AUX Solar

Products and services

• AUX Air Conditioning Systems Flagship household and central air conditioners plus compressors manufactured by AUX Group, with annual capacity of 34 million sets of household AC and 30 million compressors; sold direct-to-consumer online, via dealer networks, and through overseas channels across 160+ countries.
• Sanxing Electric Smart Electricity Meters and Power Distribution Solutions Smart electricity meters and integrated intelligent power utilization and distribution solutions under the Sanxing brand, with 33 million unit annual production capacity; targets power utilities, grid operators, and industrial power customers; the subsidiary is listed on Shanghai Stock Exchange (601567.SH).
• Power Distribution Transformers and Equipment Transformers and related power distribution equipment produced within the Sanxing portfolio with 33 million kVA capacity, marketed to power distribution customers globally as an integrated partner in the global value chain.
• AUX Solar / AUX SOL New Energy PV Products Solar photovoltaic products, solar inverters, and energy storage solutions engineered for high temperature (up to 60°C), high humidity (up to 95% RH), and high salt spray (mudflat and seaside) environments; sold under AUX Solar and AUX SOL brands with focus on utility-scale and harsh-environment deployments.
• Mingzhou Medical Hospital Services Hospital investment and management services under the Mingzhou Medical brand covering critical care rehabilitation, general rehabilitation, nursing care, health examination, and obstetrics/gynecology across 50 hospitals with 14,000 annual bed capacity; targets patients, families, and healthcare partners.

Quantifiable outcome

• 5-year growth of 1,000 times in air conditioning business, becoming top 4 in China's air conditioning industry since 1994
• +2 more outcomes

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators21 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Itron: Leading global smart metering and grid management provider. Directly comparable to Sanxing (601567.SH) in residential/commercial/industrial smart electricity meters and AMI systems.
• Landis+Gyr: Global smart metering specialist competing in the same utility-tender space as Sanxing. Comparable technology stack and customer base (utilities and grid operators) make it a direct overlay.
• Hisense Home Appliances: Chinese appliance OEM/ODM and brand owner (Hisense, Hitachi, Sanden) in AC and refrigeration. Directly comparable to AUX in product mix and global OEM-export orientation.
• Midea Group: China's largest home appliance maker and dominant AC competitor with Hualing, Little Swan, and Toshiba brands. Directly competes with AUX in household/commercial air conditioning, both exporting globally and operating in China.
• Gree Electric Appliances: World's largest dedicated AC manufacturer focused on residential, commercial, and industrial HVAC. Competes head-to-head with AUX for Chinese and overseas AC market share, particularly in emerging markets.
• TCL Industries: Chinese consumer electronics and home appliance conglomerate including TCL HVAC. Overlaps AUX in AC sales channels, smart home positioning, and emerging-market distribution.
• Haier Smart Home: Global home appliance leader with deep presence in AC, refrigerators, and washing machines. Operates the same multi-brand, multi-region strategy and competes directly with AUX across both domestic and overseas channels.

Broad incumbents

• Daikin Industries: Global leader in AC and refrigeration with stronger premium/commercial positioning. Competes with AUX in ducted splits, VRF, and overseas residential markets as a higher-tier incumbent.
• Schneider Electric: Global leader in power distribution and energy management. Overlaps AUX's Sanxing business in transformers, switchgear, and utility-grade solutions on a worldwide basis.
• Whirlpool Corporation: Global home appliance manufacturer with comparable AC and major-appliance portfolio. Although Western-focused, it competes with AUX for emerging-market share and global OEM partnerships.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments5 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AUX Group