NARI Technology

NARI Technology Co., Ltd
NARI-TECH
Native name
国电南瑞科技股份有限公司
FormerlyNARI Technology Development
Company typePublic; State-owned enterprise
SSE: 600406
IndustryElectrical equipment
FoundedFebruary 28, 2001; 23 years ago (2001-02-28)
HeadquartersNanjing, Jiangsu, China
Key people
Shan Shewu (Chairman)
Zhang jianming (President)
RevenueIncrease CN¥51.57 billion (2023)
Increase CN¥7.65 billion (2023)
Total assetsIncrease CN¥86.09 billion (2023)
Total equityIncrease CN¥50.38 billion (2023)
OwnerNARI Group (51%)
Number of employees
11,016 (2023)
Websitewww.naritech.cn
Footnotes / references
[1]

NARI Technology (Chinese: 国电南瑞; pinyin: Guódiàn Nánruì) is a partially state-owned publicly listed Chinese company that engages in the manufacture and sale of electrical equipment that includes industrial automation control products.

It is majority owned by the NARI Group which is directly under the State Grid Corporation of China.[2]

Background

In 1973, the Nanjing Automation Research Institute (NARI Group) was established under the State Grid Corporation of China.[3]

In February 2001, NARI Technology was established as a separate unit under the NARI Group.[1]

On 16 October 2003, NARI Technology held its initial public offering becoming a listed company on the Shanghai Stock Exchange.[1][3]

In April 2023, National Grid terminated its contract with NARI Technology subsidiary, NR Electric and in December 2023, started removing components supplied by it for electric power transmission networks. While no reason was given, it was speculated it was due to cybersecurity concerns after advice was given by the National Cyber Security Centre. NR Electric had worked with National Grid since 2019 and stated the decision would cause “a material loss of income for the business. ”[2][4]

Business overview

NARI Technology is a supplier of power and automation technologies in China.[5]

NARI Technology's main business involves the manufacturing of high-power insulated-gate bipolar junction transistors. It initially had to rely on third-party companies for outsourcing all testing in its research and development processes. However it was able to develop its own in-house testing process after implementing Simcenter Micred, a quality tester produced by Siemens.[5]

References

  1. ^ a b c "2023 Annual Report" (PDF). Sohu. Archived (PDF) from the original on 30 May 2024. Retrieved 30 May 2024.
  2. ^ a b Khalaf, Roula (17 December 2023). "National Grid drops Beijing-backed supplier over UK power network fears". www.ft.com. Archived from the original on 18 January 2024. Retrieved 30 May 2024.
  3. ^ a b "南瑞集团30年发展史：中国电力行业创新巨头是如何崛起的？_腾讯新闻". new.qq.com. Archived from the original on 6 July 2024. Retrieved 30 May 2024.
  4. ^ Oliver, Matt (17 December 2023). "National Grid drops Chinese supplier over security fears". The Telegraph. ISSN 0307-1235. Archived from the original on 30 May 2024. Retrieved 30 May 2024.
  5. ^ a b "Nari Technology". Siemens Resource Center. Archived from the original on 14 February 2024. Retrieved 30 May 2024.