June 23, 2017 10:35 PM ET

Electrical Equipment

Company Overview of Zhongyin (Ningbo) Battery Co., Ltd.

Company Overview

Zhongyin (Ningbo) Battery Co., Ltd. manufactures batteries. The company offers alkaline, carbon zinc, rechargeable, lithium, button, flashlight, and charger batteries. It serves its products through retailers and whole sellers in Europe, America, Asia, Africa, the Oceania, and internationally. The company was formerly known as Ningbo Sonluk Battery Co., Ltd. and changed its name to Zhongyin (Ningbo) Battery Co., Ltd. in January 1993. The company was founded in 1954 and is based in Ningbo, China. Zhongyin (Ningbo) Battery Co., Ltd. operates as a subsidiary of GP Batteries International Limited.

128 Xingguang Road

Hi-tech Park

Ningbo,  315011


Founded in 1954


86 574 87491087


86 574 87493903

Key Executives for Zhongyin (Ningbo) Battery Co., Ltd.

General Manager and Director
Compensation as of Fiscal Year 2016.

Zhongyin (Ningbo) Battery Co., Ltd. Key Developments

Zhongyin (Ningbo) Battery Co., Ltd. Announces Formation of a New Subsidiary

The board of directors of GP Batteries International Limited announced that Zhongyin (Ningbo) Battery Co., Ltd, has incorporated a wholly-owned subsidiary, Ningbo GP Pairdeer Batteries Co. Ltd. ("GPPB") in China, with a registered capital of RMB 500 million, in connection with an intended internal corporate restructuring of ZYNB and its subsidiaries. Pursuant to the ZYNB Restructuring, it is intended that the entire assets and operations of the ZYNB Group will be transferred to GPPB gradually over time. The existing operations of the ZYNB Group are currently housed in a factory building owned by ZYNB located in Ningbo National Hi-tech Industrial Development Zone. In order to cater for the future business growth of the ZYNB Group and in connection with the ZYNB Restructuring, the ZYNB Group intends to acquire a piece of land located in the Jiang Bei district in Ningbo via GPPB. The ZYNB Group intends to construct factory buildings on the Land to which the existing operations of the ZYNB Group will be transferred and expanded. The ZYNB Restructuring (including the proposed acquisition of the Land) is not expected to have any significant impact on the Group's earnings per share and net tangible assets per share for the current financial year ending March 31, 2018.

Recent Private Companies Transactions

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