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| NARI-TECH | |
Native name | 国电南瑞科技股份有限公司 |
| Formerly | NARI Technology Development |
| Company type | Public;State-owned enterprise |
| SSE:600406 CSI A50 | |
| Industry | Electrical equipment |
| Founded | 28 February 2001; 24 years ago (2001-02-28) |
| Headquarters | Nanjing,Jiangsu,China |
Key people | Shan Shewu (Chairman) Zhang jianming (President) |
| Revenue |  CN¥51.57 billion (2023) |
| CN¥7.65 billion (2023) | |
| Total assets | CN¥86.09 billion (2023) |
| Total equity | CN¥50.38 billion (2023) |
| Owner | NARI Group (51%) |
Number of employees | 11,016 (2023) |
| Website | www |
| Footnotes / references [1] | |
NARI Technology Co., Ltd (Nari;Chinese:国电南瑞;pinyin:Guódiàn Nánruì) is a partiallystate-ownedpublicly listed Chinese company that engages in the manufacture and sale ofelectrical equipment that includes industrialautomation control products.
It is majority owned by the Nari Group which is directly under theState Grid Corporation of China.[2]
In 1973, the Nanjing Automation Research Institute (Nari Group) was established under theState 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 held its initial public offering becoming a listed company on theShanghai Stock Exchange.[1][3]
In April 2023, Britain'sNational Grid terminated its contract with Nari's subsidiary, NR Electric and in December 2023, started removing components supplied by it forelectric power transmission networks. While no reason was given, it was speculated it was due to cybersecurity concerns after advice was given by theNational 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]
Nari is a supplier of power and automation technologies in China.[5]
Nari's main business involves the manufacturing of high-power insulated-gatebipolar junction transistors. It initially had to rely on third-party companies for outsourcing all testing in itsresearch and development processes. However it was able to develop its own in-house testing process after implementing Simcenter Micred, a quality tester produced bySiemens.[5]
 Constituents of theSSE 50 Index (as of 23 February 2024) | |
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| Constituents of theFTSE China A50 Index | |
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