Z hang Daocai is the founder and chairman of Sanhua Holding Group, a global manufacturing giant specializing in controls and components for the HVAC and refrigeration industries. He established the company in 1984 in Zhejiang province, starting as a small refrigeration components factory. Over the decades, he steered Sanhua to become a critical supplier for major international brands like Panasonic, Daikin, and Carrier, building a network of 48 factories worldwide to serve a global client base.
His strategic vision included an early focus on energy-efficient technology, which positioned Sanhua as a leader in the green appliance sector. Zhang successfully listed the group's core subsidiary, Sanhua Intelligent Controls, on the Shenzhen Stock Exchange in 2005. He has gradually handed over operational leadership to his sons, with Zhang Yabo serving as chairman of the listed entity and Zhang Shaobo as a director, ensuring the family's continued control over the industrial empire.
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Zhang Daocai is a Chinese businessman, the chairman of Sanhua Holding Group (SZSE: 002050), a major industrial conglomerate. His group's interests span refrigeration, air conditioning and automotive thermal management components as well as finance.
He founded Sanhua in 1984. The company's refrigeration and air conditioning parts arm, Zhejiang Sanhua Intelligent Controls, was listed on the Shenzhen Stock Exchange in 2005.
Zhang Daocai's career is defined by his success in industrial manufacturing and his strategic diversification into finance. His structural achievement is tied to building Sanhua into a global supplier with 48 factories across the globe, supplying critical components to major international brands like BMW and Panasonic.
The company expanded its public listing, achieving a dual listing on the Hong Kong stock exchange in June 2025. His son, Zhang Yabo, is the chairman of the listed arm, while his younger son, Zhang Shaobo, serves as its director.
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Founded Sanhua.
Listed Zhejiang Sanhua Intelligent Controls on the Shenzhen Stock Exchange.
Achieved a dual listing on the Hong Kong stock exchange.
Continues as chairman of Sanhua Holding Group.
Zhang Daocai's wealth is concentrated in his family's controlling stake and continued leadership of the publicly traded and private arms of Sanhua Holding Group.
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-4.17% | -$450.00M
+0.67% | +$8.11M
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