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About Us

About Us

Company Profile

PEOPLE Electrical Appliance Group was founded in 1986 and is headquartered in Yueqing, Zhejiang. People’s Electrical Appliances Group is one of the top 500 enterprises in China and one of the top 500 machinery companies in the world. In 2022, the People’s Brand will be worth $9.588 billion, making it the most valuable brand of industrial electrical appliances in China.

PEOPLE Electrical Appliance Group is a global smart power equipment industry chain system solution provider. The Group has always been customer-centric, relying on the People 5.0 platform ecosystem, focusing on the smart grid ecosystem, focusing on the development of efficient, reliable, technology-intensive high and low voltage smart electrical equipment, smart complete sets, ultra-high voltage transformers, smart homes, green energy and other electrical equipment, Forming the advantages of the whole industry chain integrating power generation, storage, transmission, transformation, distribution, sales and use, it provides comprehensive system solutions for industries such as smart grid, smart manufacturing, smart buildings, industrial systems, smart firefighting, and new energy. Realize the group’s green, low-carbon, environmental protection, sustainable high-quality development.

Company pictures (3)
Equipment drawing (1)
R&D Diagram (3)

Brand Story

People Electrical Appliance Group Co., Ltd.

Company pictures (2)

In 1986, Zheng Yuanbao seized the opportunity wave of reform and opening up and started as Yueqing Low Voltage Electric Appliance Factory, which has only 12 employees, 30,000 yuan of assets and can only produce CJ10 AC contactors. Through 10 years of development, 66 electrical appliance manufacturing enterprises in Wenzhou area were integrated by means of reorganization, merger and alliance to form Zhejiang People's Electrical Appliance Group. Under the guidance of adhering to the core values of "people's appliances, serving the people", Zheng Yuanbao led all employees to keep up with the pace of reform and opening up of the party and the country, seized historical opportunities, participated in domestic and foreign competition and cooperation, and continued to change, innovate, and make breakthroughs. Create a world-renowned brand of People's Electric Appliances. People's Electrical Appliances Group is one of the top 500 enterprises in China and one of the top 500 machinery companies in the world. In 2022, the people brand will be valued at US$9.588 billion, making it the most valuable brand of industrial electrical appliances in China.

Development Mileage

  • 1986-1996：Brand accumulation stage

    In 1986, Zheng Yuanbao seized the opportunity wave of reform and opening up and started as Yueqing Low Voltage Electric Appliance Factory, which has only 12 employees, 30,000 yuan of assets and can only produce CJ10 AC contactors. Through 10 years of development, 66 electrical appliance manufacturing enterprises in Wenzhou area were integrated by means of reorganization, merger and alliance to form Zhejiang People's Electrical Appliance Group. Under the guidance of adhering to the core values of "people's appliances, serving the people", Zheng Yuanbao led all employees to keep up with the pace of reform and opening up of the party and the country, seized historical opportunities, participated in domestic and foreign competition and cooperation, and continued to change, innovate, and make breakthroughs. Create a world-renowned brand of People's Electric Appliances.

    1986-1996：Brand accumulation stage

  • 1997-2006：Development stage of the whole industry chain

    Group with no region in the country and officially changed its name to People's Electrical Appliances Group. At the same time as the construction of Zhejiang People's Electrical Appliances High-tech Industrial Park, 34 state-owned or collective enterprises in Shanghai were merged, controlled and jointly operated. The People's Electrical Appliance Industrial Park will be built in Jiading District, Shanghai. In 2001, it acquired Jiangxi Substation Equipment Factory, which ranked second in the same industry in the country. In 2002, the diversification strategy was launched and the People's Holding Group was established. Gradually realize the coverage of the entire industrial chain from low voltage to high voltage and ultra-high voltage, from components to large power equipment.

    1997-2006：Development stage of the whole industry chain

  • 2007-2016：Diversified development stages of globalization

    People's Electrical Appliances Group firmly grasps the opportunity of economic globalization, lays out the international market, and increases trade and investment cooperation with ASEAN, Central and Eastern Europe, the Middle East and other countries and regions along the "Belt and Road". In 2007, Renmin Electric successfully signed a contract with the Taian Hydropower Station in Vietnam, becoming the first general contractor for a Chinese private enterprise to develop hydropower projects across borders. At the same time, the Group focuses on the integrated development of the Internet, Internet of Things, big data, and industrial chain, practices digital transformation, leads the intelligent manufacturing upgrade of the whole chain of intelligent electrical appliances, transforms from traditional manufacturing equipment to automated equipment, and surpasses world standards and traditional equipment standards , to achieve the transformation and leap of the integration of the two.

    2007-2016：Diversified development stages of globalization

  • 2017-Present: Transformation and upgrading, smart development stage

    In the stage of intelligent transformation and informatization development, Renmin Electric broke the traditional industrial manufacturing system, comprehensively transformed and upgraded with intelligent and "Internet +" technology, and explored a new way of industrial development. The official completion of the High-tech Headquarters Industrial Park of People's Electrical Appliances Group in 2021 marks that the new blueprint of the people has been drawn and the new journey of the people has begun. At the same time, on the road of deepening the exploration of new era and new industries such as the Internet of Things, big data, and intelligent equipment, People’s Holding focuses on the strategic layout of the “Belt and Road”, using entities to increase capital, and the “four-wheel drive” of the domestic market and the international market. Accelerate the realization of intelligent transformation from Industry 4.0 to System 5.0.

    2017-Present: Transformation and upgrading, smart development stage

Development Mileage

  • 1996
    Zhejiang People's Electric Group was established.
  • 1998
    People's Electrical Appliances Group carried out shareholding reform of more than 60 subordinate enterprises through mergers and holdings, and established seven major holding professional subsidiaries.
  • 2002
    The All-China Federation of Industry and Commerce announced the top 500 private enterprises in China in 2001, and People's Group ranked 11th.
  • 2005
    People Electrical Appliance Group Shanghai Co., Ltd. invested more than 6.98 million to develop XLPE insulated high-voltage cable products with rated voltage of 110KV and below, which was officially put into production, becoming the second company in Shanghai to introduce, develop and produce 110KV XLPE insulated high-voltage cables. production enterprises.
  • 2007
    People's Electrical Appliances Group became the electrical equipment supplier for the Chang'e (Moon Exploration) Project of Xichang Satellite Launch Center.
  • 2008
    People's Electric assisted the flight of "Shenzhou VII", which made a positive contribution to the first space walk of Chinese astronauts.
  • 2009
    The inauguration ceremony of the people's electrical power transmission and transformation ultra-high voltage manufacturing base with a total investment of 1.8 billion yuan and an area of ​​more than 1,000 acres was held in Nanchang City, Jiangxi Province. strategic shift.
  • 2010
    "PEOPLE" brand RMNS, RJXF and RXL-21 low-voltage cabinets officially entered the Shanghai World Expo Park in Belgium, Belarus, Argentina and other venues.
  • 2012
    China's top 100 electrical industry companies were released, and a total of 3 companies from People's Electric Group were selected: People's Electric Group Co., Ltd., Zhejiang People's Electric Co., Ltd., and Jiangxi People's Power Transmission and Transformation Co., Ltd.
  • 2015
    People Electric passed the acceptance of the "headquarter-type" in-depth integration of the two industrialization projects, and gradually moved from a traditional manufacturing enterprise to intelligence, informatization, digitization, automation and modularization.
  • 2015
    The Anqing Thermal Power Station in Vietnam, which was contracted by people Electric REPC, was officially connected to the grid for power generation. people Electric has taken another big step towards becoming a comprehensive industrial solution provider with comprehensive equipment manufacturing capabilities, technical consulting service capabilities and engineering construction capabilities.
  • 2016
    People's Electrical Appliances Group was awarded the title of "One Belt, One Road" construction demonstration enterprise in Zhejiang Province. On June 9, the provincial government held an investment and trade fair in Ningbo, and Li Qiang, deputy secretary of the provincial party committee and governor, personally awarded the award.
  • 2017
    People's Electrical Appliances Group was awarded the National Advanced Unit for Implementing Customer Satisfaction Project in 2016. In March 2017, People's Electrical Appliances Group won the honors of "Top Ten Enterprises Earning Foreign Exchange by Exports" and "Meritorious Enterprises with an Output Value of Over 1 Billion Yuan".
  • 2018
    People's Electrical Appliances Group was awarded the titles of China's Top 500 Enterprises and China's Top 500 Manufacturing Enterprises for 16 consecutive years.
  • 2018
    The Ethiopian OMO3 sugar factory project was successfully completed and sugar was put into operation at one time. This is the flower of China-Africa friendship developed by the successful cooperation between People's Electrical Appliance Group Shanghai Company and Zhongcheng Group.
  • 2019
    The rooftop photovoltaic power generation project of the first factory in Hanoi, Vietnam, contracted by People's Electric Group, was successfully connected to the grid for power generation.
  • 2021
    As assessed by the World Brand Lab, the brand value of "People" reached a new high of 59.126 billion yuan, making it one of the 500 most valuable brands in China.
  • 2021
    Zheng Yuanbao, chairman of People's Holding Group, was elected as the Chinese executive chairman of the RCEP Electrical Industry Cooperation Committee.

Partner&Customer Comments

People's Electrical Appliances Group became the electrical equipment supplier for the Chang'e (Moon Exploration) Project of Xichang Satellite Launch Center.

People's Electrical Appliances Group successfully signed the largest hydropower project in Vietnam - Taian Hydropower Station, becoming the first multinational private enterprise in China General contractor for developing hydropower projects.

People's Electric assisted the flight of "Shenzhou VII", which made a positive contribution to the first space walk of Chinese astronauts.

The internationalization strategy of People's Electric Appliance Group reached a new level. The Taian Hydropower Station, jointly built by Renmin Electric and Vietnam Taian Hydropower Corporation, was officially completed and put into use.

The Ethiopian OMO3 sugar factory project was successfully completed and sugar was put into operation at one time. This is the flower of China-Africa friendship developed by the successful cooperation between People's Electrical Appliance Group Shanghai Company and Zhongcheng Group.

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