Fubang (Holdings)

What Fubang (Holdings) does

Ningbo Fubang Holding Group Co., Ltd. (Fubang Holdings) is a privately held diversified industrial conglomerate headquartered in Ningbo, Zhejiang Province, China, founded in 2002 and operating 115 controlled and affiliated enterprises across five integrated business segments: industrial manufacturing, trade and real estate, resource and environmental protection, culture and sports, and investment and financial services. In 2025, the group reported operating revenue of 1028.89亿元 (approximately $14.2 billion), a 16.8% year-over-year increase representing the company's first crossing of the CNY 100 billion threshold.

Core industrial products include alkaline batteries (Shuanglu Battery, the #1 producer in China and Asia and #3 globally with 5.5 billion unit annual capacity), copper valves and plumbing fixtures (Ameco, a national single-champion enterprise with 6,000+ SKUs specified in national landmarks including the Bird's Nest and Water Cube), washing machines (Xinle, with national top-three export ranking and Sharp/Electrolux OEM partnerships), ophthalmic medical equipment (Mingxing Technology, a National Key Specialized Little Giant exporting to 70+ countries with EU CE and US FDA certifications), specialty rubber belts and automotive components (Yujiang), electrical alloy materials (Ningbo Electrical Alloy, producing 3 billion contact points annually), EDA semiconductor design tools (Shanghai Qixin Linghang), and smart recycling systems (Dabashou, covering 3,200+ collection points serving 3 million Ningbo residents). Manufacturing operations leverage proprietary AI quality inspection, 5G-connected smart factory infrastructure (certified as a National 5G Factory and Zhejiang Future Factory), and patented unmanned production lines.

The revenue model spans hardware sales (industrial products), transaction fees (commodity trading, real estate operations, hotel services), managed services (PPP infrastructure investment, waste management), professional services (cross-border bonded logistics and e-commerce), and licensing/royalties (investment platform dividends and equity holdings including a minority stake in Ningbo Bank). The group reaches end customers through diversified channels including direct enterprise sales, OEM/ODM partnerships, national retail (400 merchants at Fubang Century Commercial Plaza generating ~7亿元 annual sales), cross-border e-commerce (跨境购 platform with 18 million parcels processed in 2024 via 100,000+ sqm of bonded warehouse), and international trading subsidiaries in Hong Kong and Singapore serving 100+ countries. Listed entities include Ningbo Fubang Precision Group (Shanghai Stock Exchange 600768) and Fubang Logistics (NEEQ 837074).

Name

Fubang (Holdings)

Legal name

宁波富邦控股集团有限公司 (Ningbo Fubang Holding Group Co., Ltd.)

Website

https://fb.com.cn

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Ningbo Fubang Holding Group is a privately held diversified Chinese industrial conglomerate (founded 2002, 2025 revenue CNY 1028.89亿元) operating 115 enterprises across industrial manufacturing (alkaline batteries, valves, washing machines, EDA tools, ophthalmic equipment), trade and real estate, resource recycling, culture and sports, and investment and financial services.

Ownership category

akta.pro rank

Headquarters

HQ city

Yinzhou

HQ country

China

HQ region

Asia

Offices26 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

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

Revenue model

1. 工业智造产品销售: 碱性电池、阀门水暖器材、家电、铝材、特种胶带、电工合金材料等工业产品制造与销售。核心子公司包括双鹿电池、埃美柯集团、新乐控股、明星科技、裕江特种胶带等，均为行业细分领域龙头或领先企业。
2. 房地产开发与商业物业运营: 商业地产开发运营（富邦世纪商业广场37.5万平方米商业体）、酒店经营（富邦大酒店、宁波饭店、云海宾馆、荪湖山庄）、房地产销售、园区运营管理。
3. 大宗商品贸易: 橡胶、农产品、黑色金属、有色金属、能源化工等大宗商品贸易（富邦资源），饲料原料国际贸易（天宝公司），家电日用品进出口贸易（家电进出口公司），年贸易额巨大。
4. 基础设施投资与PPP项目: BT/PPP公路基础设施投资，累计建成5条国省道一级公路，总里程60公里，投资总额约65亿元（富邦基础设施投资）。
5. 金融投资与股权投资: 持有宁波银行等上市公司股权，甬商实业投资平台，产业基金（前湾空天产业基金10亿元），贵金属贸易等。
6. 文旅体育服务: CBA篮球俱乐部运营（宁波富邦男子篮球俱乐部），拍卖服务（富邦拍卖），酒店旅游服务。
7. 物流与供应链服务: 跨境保税仓储物流（富邦物流，年作业包裹2500万单），跨境电商（跨境购平台）。富邦物流为新三板上市公司（代码837074）。
8. 环保与资源综合利用: 有色金属废弃物综合回收利用（浙江环益，年处理危废19.6万吨），再生资源回收（搭把手，年回收可回收物60万吨），矿产开发（新疆富邦矿业，煤炭储量34亿吨）。

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Fubang (Holdings) is a privately held Chinese diversified industrial conglomerate operating 115 controlled and affiliated enterprises across five segments: industrial manufacturing (alkaline batteries, copper valves and plumbing fixtures, washing machines, EDA tools, ophthalmic medical equipment, electrical alloy contacts, automotive belts, aluminum materials), commercial real estate and trade (Fubang Century Plaza, bonded warehouse logistics, commodity trade), resource and environmental protection (smart recycling, mineral processing, infrastructure PPP), cultural tourism and sports (CBA men's basketball, hotels and resorts), and investment and financial services (equity holdings in listed companies, industrial funds). Its flagship is Shuanglu alkaline batteries (China's #1 in production scale at 5.5 billion units annually, third-largest globally) manufactured in a national-grade 5G+AI smart factory, with related Nanfu brand holding China's alkaline battery sales #1 position for 32 consecutive years.

Product overview

Fubang (Holdings) is a diversified industrial conglomerate with five major business segments: Industrial Manufacturing (工业智造), Commercial Real Estate (商贸地产), Resource & Environmental Protection (资源环保), Culture & Sports (文旅体育), and Investment & Finance (投资金融). The company's core products include Shuanglu Batteries (双鹿电池) - alkaline batteries with leading market position, Ameco Valves (埃美柯) - plumbing fixtures, Xinle Appliances (新乐电器) - washing machines, Qixin Linghang EDA tools (启芯领航) - electronic design automation software, Mingxing Eye Care Equipment (明星科技) - ophthalmic devices, and Dabashou (搭把手) - smart recycling system. The group operates 115 controlled and affiliated enterprises including one A-share listed company and one NEEQ-listed company. The portfolio ranges from traditional manufacturing (batteries, valves, appliances) to high-tech sectors (EDA tools, eye care equipment) and service industries (recycling, commercial real estate, basketball club).

Differentiator

Problem solved

Functional benefit

Products and services

• Shuanglu Alkaline Batteries (双鹿电池) Alkaline dry battery research, development, production and sales. Shuanglu Battery manufactures a full series of green environment-friendly alkaline batteries with annual capacity exceeding 5.5 billion units, ranking #1 in China by production scale, #1 in Asia, and #3 globally. Sold in over 100 countries with the Nanfu sub-brand holding China's alkaline battery sales #1 position for 32 consecutive years (1993-2024).
• Shuanglu Smart Lock Battery 3rd Generation (双鹿智能锁电池3代) High-performance alkaline battery specialized for smart locks, featuring long battery life, anti-vibration safety, household protection, and intelligent adaptive functions. Won the Sunflower Award four consecutive years through 2025.
• Ameco Copper Valves and Plumbing Fixtures (埃美柯阀门/水暖器材) Copper valve, plumbing fixture, water meter and pipe fitting R&D, production and sales. Over 6,000 specification models in production. Designated National Manufacturing Single-Champion Enterprise. Customers include major Chinese landmark projects (Bird's Nest, Water Cube, Zhongnanhai, Great Hall of the People, Diaoyutai State Guesthouse) and supplied to Dubai Sail Hotel overseas.
• Xinle Washing Machines including Twinwash brand (新乐电器洗衣机) Washing machine R&D, production and sales with over 30 series and 200+ models including fully-automatic wave-wheel washers and drum washers. Export volume ranks top-three nationally. Includes the Twinwash high-end sub-brand targeting scientific and technological high-end home appliances. OEM partnerships with Sharp and Electrolux for shipment to 80+ countries.
• Qixin Linghang EDA Tools (启芯领航EDA工具) Electronic Design Automation tools and integrated circuit core IP design R&D, production and sales. Focused on digital chip design EDA, developing domestically controllable tools with a prototype verification plus hardware simulation integrated platform. Shanghai-based subsidiary.
• Mingxing Ophthalmic Medical Equipment (明星科技眼视光设备) Ophthalmic equipment R&D, production and sales. Main products include optometry units, fundus cameras, biometers, and remote optometry systems. Holds 120+ IP assets and 20 invention patents. Backed by 13 nationally recognized ophthalmology experts. EU CE and US FDA certified. Exported to over 70 countries with 50% export ratio. National Key Specialized Little Giant Enterprise designation.
• Dabashou Smart Recycling System (搭把手智慧垃圾分类) Smart waste classification plus green resource circulation. R&D of intelligent recycling equipment, AI precision recognition smart bins with deep learning food waste and recyclable identification, and integrated online-booking plus points-redemption recycling network. Service coverage of 3,200+ collection points serving 3 million residents in Ningbo with daily processing of 300 tons.
• Ningbo Electrical Alloy Materials (宁波电工合金材料) Provides electrical contact product system solutions. Core products include electrical contacts, electrical contact components, and wire materials. Annual capacity reaches 3 billion grains of electrical contacts. National Specialized, Refined, and Innovation 'Little Giant' Enterprise. Supplies low-voltage apparatus manufacturers across home appliances, industrial control, 5G communications, automotive electronics, and photovoltaic new energy.
• Yujiang Special Belts (裕江特种胶带) Drive belts, tension pulleys and exhaust pipe R&D and manufacturing for automotive parts. National High-Tech Enterprise with national CNAS-certified laboratory. Holds 40+ national patents, led or participated in 10+ national standards and multiple international standards. National deputy chair of belt standards committee.
• Fubang Aluminum Materials (富邦铝材) Industrial aluminum processing operation with 50,000 tons annual capacity. Fubang Precision aluminum processing base provides aluminum plate, strip and profile products. GRS Global Recycled Standard certified for recycled content claims in aluminum production.
• Fubang Furniture (富邦家具) Furniture manufacturing with 211 patents and 32 registered trademarks. ISO 9001 quality management and China Environmental Label (Ten-Ring) certified.
• Fubang Resources Commodity Trading (富邦资源大宗商品贸易) Major commodity trading and resource operations. Rubber, agricultural products, ferrous and non-ferrous metals, and energy chemicals with operations centers in Ningbo, Shanghai and Singapore. Singapore subsidiary handles international rubber and commodity global trade.
• Fubang Century Commercial Plaza (富邦世纪商业广场) Commercial complex development and operations. Total construction area 375,000 sqm with commercial area 184,000 sqm, hosting 400 merchants including MUJI, UNIQLO and KingKids anchors. Annual sales of approximately ¥700 million with average daily customer flow of 60,000 visitors.
• Fubang Logistics Cross-Border Bonded Warehouse (富邦物流) Professional cross-border bonded logistics warehousing platform. Ningbo's first dedicated bonded cross-border e-commerce warehouse with 100,000+ sqm storage and 12 fully automated sorting lines, equipped with AGV intelligent sorting robots. Cross-border e-commerce platform 'Kua Jing Gou' also operated. NEEQ-listed (837074). Annual cross-border order volume of 18 million units in 2024.
• Ningbo Fubang Men's Basketball Club (CBA) (宁波富邦男子篮球俱乐部) CBA professional basketball franchise and operations. Returned to the CBA league in 2021, completed multiple seasons of competition, focusing on building Ningbo's city sports brand. Won 2024 CBA Annual Public Welfare Award and recognized as 2024/2025 Ningbo Most Influential Sports Enterprise.
• Fubang Hotels and Resorts (Fubang Hotel, Sunhu Resort, Yunhai Hotel, Ningbo Hotel) (富邦大酒店, 荪湖山庄, 云海宾馆, 宁波饭店) Fubang Hotel (24-story four-star, 241 rooms, including Golden Osmanthus Brand Restaurant and Jinshuye Green Travel Restaurant), Sunhu Resort (five-star premium business resort, 144 rooms, ¥650 million investment, Chinese classical architecture style with smart management systems), Yunhai Hotel, and Ningbo Hotel comprise the group's hospitality operations in Ningbo.

Quantifiable outcome

• 双鹿电池单条产线每分钟600颗碱性电池，生产效率远高于同类竞品
• +4 more outcomes

Named customers13 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Feature6 records

Partnerships

13 partnerships are on record, tiered core and minor.

• 香港特别行政区政府/香港贸易发展局coreStrategic or Co-development Partner · 1 April 20252025年4月投资香港推介大会（浙江宁波专场）暨甬港经济合作论坛，宋凌杰总裁代表富邦控股集团现场签约，深化甬港合作。富邦香港公司成立于2003年，作为国际业务桥头堡。
• 甬商实业有限公司coreStrategic or Co-development Partner · 1 January 2022甬商实业由甬商总会发起，联合富邦集团、中国银泰、雅戈尔、奥克斯、杉杉、江丰电子、激智科技等甬商企业共同出资设立，注册资本8亿元。定位为集资本与产业为一体的实业投资平台，支持智能制造、新型产业园、城市基础设施、国企混改等。2024年与宁波前湾新区国资合作设立10亿元前湾空天产业基金。
• 迦叶咨询、青枫云港、嘉航信息（常奥体育）minorStrategic or Co-development Partner · 1 December 2021宁波富邦精业集团（600768）以支付现金方式购买常奥体育55%股权（2021年12月公告），布局体育产业。
• 甬兴证券有限公司minorGTM or Marketing Partner · 1 January 20212021年9月宁波富邦男子篮球俱乐部与甬兴证券举行CBA球队冠名签约仪式，球队冠名为宁波富邦町渥男篮。
• 宁波保税区coreOthers · 1 January 2021富邦电商（富立物流）作为宁波首家保税跨境电商专用仓库，在宁波保税区运营10余万平方米跨境仓储，与天猫国际、抖音、亚马逊等电商平台合作。
• 世界银行coreStrategic or Co-development Partner · 1 January 2020亚洲首个由世界银行提供资金和智力支持开展垃圾分类项目的城市（宁波），搭把手项目获世界银行认可与支持。
• 荣程集团minorStrategic or Co-development Partner · 1 January 20172017年7月富邦集团收购荣程集团下属滨海云商金控持有的天津联合冶金商品交易中心部分股权，与荣程集团并列第一大股东，建立战略合作关系。
• 中篮联（北京）体育有限公司minorOthers · 1 October 2016CBA联赛改革后成立的运营主体（2016年10月注册成立），对CBA联赛独立进行竞赛与商务运营。富邦控股通过宁波富邦男子篮球俱乐部有限公司参与CBA联赛，与中篮联形成赛事合作关系。
• 法国路尼奥集团（Lumière）coreStrategic or Co-development Partner · 1 October 2016明星科技与法国路尼奥集团建立合资合作关系，路尼奥集团为明星科技股东，世界著名眼视光设备供应商，双方共同推动眼视光设备国产化。
• 中铁十九局集团coreImplementation/ SI/ Consulting Partner · 1 January 2016富邦基础设施投资与中铁十九局集团开展战略合作，承接BT/PPP公路基础设施项目，包括宁海盛宁线改造提升工程、G228宁海西店至桃源段公路工程PPP项目等，累计投资约65亿元。
• 法国LT集团minorStrategic or Co-development Partner · 1 January 20162016年10月宁波明星科技与法国LT集团合资签约，共同拓展眼视光设备国际市场。
• 香港维达家具有限公司minorStrategic or Co-development Partner · 1 January 20032003年1月共同投资组建宁波富邦家具工业城。
• 江苏小天鹅集团minorStrategic or Co-development Partner · 1 January 20032003年1月合资设立宁波新乐电器有限公司。2002年12月签约，2003年1月开业。

Scale indicators30 records

Recent moves13 records

Expansion highlights9 records

Direct peers

• Fosun International: Chinese diversified conglomerate with holdings across health, happiness, wealth, and intelligent manufacturing sectors, plus global operations including Portugal, UK, and France. Most structurally comparable to Fubang as a privately-influenced multi-sector Chinese conglomerate with international footprint.
• Legend Holdings: Chinese diversified holding company (parent of Lenovo) operating across IT, financial services, modern services, agriculture, and other sectors via numerous subsidiaries. Directly comparable to Fubang as a holding company managing diverse operating businesses through subsidiary structure.
• New Hope Group: Large Chinese private conglomerate with core operations in agriculture/food, real estate, resource/chemicals, and financial investments. Comparable diversified Chinese private conglomerate structure with multi-sector exposure similar to Fubang's five-business model.
• Energizer Holdings: Global leader in alkaline batteries (Energizer, Eveready brands) with worldwide distribution and product diversification into automotive and portable lighting. Directly comparable to Shuanglu Battery as a competing global alkaline battery brand with similar end-market exposure.
• Duracell: World's #1 alkaline battery brand (private, owned by Berkshire Hathaway) with global retail presence and OEM partnerships. Most directly comparable to Shuanglu as the global benchmark for alkaline battery scale and brand strength.

Broad incumbents

• Midea Group: China's largest home appliance manufacturer with global brand presence, white goods, robotics, and B2B operations. Overlaps with Fubang's Xinle washing machine subsidiary as a competitor and broader appliance industry incumbent.
• Hisense Group: Chinese state-controlled home appliance and electronics conglomerate with diversified operations including TVs, appliances, and B2B businesses. Comparable as a broader appliance/electronics manufacturer with diversified portfolio.
• TCL Corporation: Chinese electronics and appliance conglomerate operating in smart TVs, home appliances, semiconductor displays, and panel manufacturing. Comparable diversified Chinese electronics manufacturer with export presence and OEM operations similar to Fubang's Xinle washing machine OEM business.
• Panasonic Corporation: Japanese global conglomerate with major battery business (Panasonic Energy) and home appliance operations including washing machines. Comparable diversified manufacturer with overlapping alkaline battery and appliance product lines similar to Fubang.

Emerging players

• Empyrean Technology: China's leading domestic EDA tools provider, listed on Shenzhen Stock Exchange with full-flow digital chip design EDA platform. Directly comparable to Fubang's Qixin Linghang EDA subsidiary as a competing domestic EDA player addressing China's semiconductor tool self-sufficiency.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat7 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance15 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries11 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Fubang (Holdings)