China Leading Air-Con Maker Aux Electric Plans Hong Kong IPO to Raise $800 Million in 2025 September, Founded by Aux Group (Founded in 1986 by Zheng Jianjiang Who is Billionaire with $2.5 Billion Fortune), Aux Group Has 2 Listed Companies $4.4 Billion Sanxing Medical & $18.5 Million Aux International
3rd August | Hong Kong
China leading air-con maker Aux Electric is planning for a Hong Kong IPO to raise $800 million in 2025 September. Aux Electric was founded by Aux Group, which was founded in 1986 by Zheng Jianjiang who is a billionaire with $2.5 billion fortune. Aux Group has 2 listed companies Sanxing Medical ($4.4 billion market value) & Aux International ($18.5 million market value). Aux Group – Established in 1986, AUX Group is an enterprise group which covers several industries：air conditioning, power utilization, power distribution, new energy and medical service. For many years it has ranked China’s top 500 enterprises. In 2024, the group’s revenue reached RMB 90.2 billion, with total assets of RMB 70.1 billion, profit and tax exceeding RMB 10 billion. It has over 40,000 employees, 15 manufacturing bases in Ningbo（5）, Nanchang, Ma’anshan, Zhengzhou, Wuhu, Brazil, Indonesia, Thailand, Poland, Germany and Mexico, and 7 R & D centers worldwide. AUX is a leading producer of Smart Meter and Power Box in its sector. Currently, it has invested and operated 50 hospitals. It owns 2 listed companies (601567.SH, 02080.HK). As a National-Recognized Enterprise Technology Center，a Technology Innovation Model Enterprise,National Intellectual Property Demonstration Enterprise and a National Post-doctoral Workstation, it owns two globally famous brands: AUX and Sanxing, which are worth over RMB 56 billion*. While pursuing its development, AUX also cares about performing its social responsibilities. In the past years, we have donated RMB 315 million in total to various public programs, such as the field of targeted poverty alleviation, education, disaster relief and environment protection. In the new era, aiming to become a world-class enterprise, AUX will keep carrying out the mission of “Leading smart living and cultivating great talents”, and work hard to achieve the strategic goal of “100 billion market value, 100 billion revenue and 10 billion profit”.
“ China Leading Air-Con Maker Aux Electric Plans Hong Kong IPO to Raise $800 Million in 2025 September, Founded by Aux Group (Founded in 1986 by Zheng Jianjiang Who is Billionaire with $2.5 Billion Fortune), Aux Group Has 2 Listed Companies $4.4 Billion Sanxing Medical & $18.5 Million Aux International “
China Leading Air-Con Maker Aux Electric Plans Hong Kong IPO to Raise $800 Million in 2025 September, Founded by Aux Group (Founded in 1986 by Zheng Jianjiang Who is Billionaire with $2.5 Billion Fortune), Aux Group Has 2 Listed Companies $4.4 Billion Sanxing Medical & $18.5 Million Aux International
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