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Zhang Daocai & family

Zhang Daocai & family

Z. family
-0.14% | - $-11.45M
$8.32 B ₹ 75,664 Cr
Real Time Net Worth #422 Ranking as of 21 Feb 2026 By Forbes

More on Zhang Daocai & family

Gender

Male

Age

76Y

Country

China

Born On

January, 1950

Deceased

No

Relationship Status

Married

Children

2

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Manufacturing)

Primary Organization

Sanhua Holding Group

Titles

Chairman

Sources of Wealth

Auto Parts

Industry

Manufacturing, Automotive

About Zhang Daocai & family


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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Quick Reads


Early Life and Background


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.

  • Core Company: Sanhua Holding Group (Refrigeration, air conditioning, and automotive components).
  • Founding: Founded Sanhua in 1984.
  • Key Customers: Supplies international brands such as BMW and Panasonic.

Career Journey of Zhang Daocai & family


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.

  • Global Footprint: Operates 48 factories across the globe.
  • Succession: Sons Zhang Yabo and Zhang Shaobo hold key roles in the listed arm.

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Zhang Daocai & family's Timeline


1984:

Founded Sanhua.

2005:

Listed Zhejiang Sanhua Intelligent Controls on the Shenzhen Stock Exchange.

2025 (Jun):

Achieved a dual listing on the Hong Kong stock exchange.

Ongoing:

Continues as chairman of Sanhua Holding Group.

Major Business Ventures and Investments


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.

  • Sanhua Holding Group (Chairman): Interests include refrigeration, air conditioning, automotive thermal management components and finance.
  • Listed Arm: Zhejiang Sanhua Intelligent Controls (dual-listed on Shenzhen and Hong Kong stock exchanges).
  • Sector Focus: Industrial manufacturing, automotive supply chain, and finance.

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Philanthropy and Social Impact


Fashion, Style, and Lifestyle


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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the chairman of Sanhua Holding Group, whose interests include refrigeration, air conditioning and automotive thermal management components.
  • The group's 48 factories across the globe supply to international brands such as BMW and Panasonic.
  • His son Zhang Yabo is the chairman of the listed arm.
  • The listed arm had a dual listing on the Hong Kong stock exchange in June 2025.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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