Megmeet (Shenzhen Megmeet Electrical Co., Ltd.) is a leading high-tech enterprise specializing in electrical automation, with a core focus on power electronics and industrial control technologies. Founded on July 29, 2003, and headquartered in Shenzhen, China, the company went public on the Shenzhen Stock Exchange in March 2017 (Stock Code: 002851).
Core Technologies and Business Segments
Megmeet's operations are structured around six key business segments: Smart Home Appliance Controls, Power Supply Products, Industrial Automation, New Energy & Rail Transportation, Intelligent Equipment, and Precision Connection. The company has built its success on three synergistic core technology platforms: the Digital Power Control Technology Platform, the Power Conversion Hardware Technology Platform, and the System Control and Communication Software Technology Platform.
Global Presence and R&D Strength
With a global workforce of approximately 5,300 employees, including a robust R&D team of over 1,800 professionals, Megmeet maintains a significant international footprint. It operates 8 manufacturing bases and 8 R&D centers globally, with overseas offices and facilities in key regions including Germany, the United States, Japan, Thailand, and India. This extensive network supports its substantial direct overseas revenue, which accounted for 32.73% of its total. The company is committed to continuous innovation, with its R&D investment showing a compound annual growth rate of nearly 21% over a recent five-year period.
Corporate Vision and Performance
Guided by its corporate vision of becoming a "first-class global provider of electrical automation products and solutions", Megmeet is dedicated to making electricity usage more efficient and enhancing quality of life through technology. The company reported a revenue of 4.011 billion CNY for the first half of 2024, underscoring its strong market position and financial health.
