Who Owns UGREEN?
UGREEN is owned by Ugreen Group Limited, a Chinese consumer electronics company listed on the ChiNext board of the Shenzhen Stock Exchange under ticker 301606. Founder and chairman Zhang Qingsen holds roughly half of the shares and controls the company. UGREEN was established in Shenzhen in 2012 and reported 2025 revenue of 9.49 billion yuan, about $1.34 billion.
Parent Company
Founded
2012
Status
Publicly Traded
Headquarters
Who Owns UGREEN?
- Parent Company: Ugreen Group Limited
- Ownership Type: Wholly owned
- Company Type: Publicly Traded
- Stock Ticker: Shenzhen Stock Exchange (ChiNext): 301606
| Brand | Parent Company | Ownership Type |
|---|---|---|
| UGREEN | Ugreen Group Limited | Wholly owned |
Where to Buy
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UGREEN on AmazonHistory of UGREEN
- Founded: 2012
- Founders: Zhang Qingsen
Zhang Qingsen, born in 1983 in Putian, Fujian, moved to Shenzhen after graduating with an international finance degree in 2007. He began in foreign trade, then in 2009 entered the Huaqiangbei electronics trading market selling cable products. In 2011 the business pivoted from contract manufacturing to its own brand, launching TV connection cables designed for the Chinese market.
The formal corporate entity, Shenzhen UGREEN Technology Co., Ltd., was established on March 16, 2012, with registered capital of 1 million yuan split 70/30 between Zhang Qingsen and Chen Junling. Timing was fortunate: 2012 was China's smartphone inflection year, and demand for third-party data cables, chargers, and screen protectors exploded. UGREEN became a top seller on Tmall and JD.com within a few years.
International expansion began in 2014, when Shenzhen was designated among China's first cross-border e-commerce pilot cities. UGREEN opened storefronts on Amazon, AliExpress, eBay, Lazada, and Wish, building a global direct sales operation unusually early for a Chinese accessories maker. Securing Apple MFi certification in 2014 and Huawei DFH certification in 2018 legitimized the brand's cables and chargers for the two dominant device ecosystems.
The product range broadened roughly every two years: phone accessories in 2011, computer and car accessories in 2013, smart hardware and wearables in 2015, power banks in 2017, and audio products by 2020. The Nexode line of GaN fast chargers, including a 300W model, and the NASync line of network-attached storage products moved the brand from commodity cables into higher-margin devices. The NASync DXP GT series launched in 2026 with AMD processors and dual 10GbE networking, targeting prosumers and small studios.
Ugreen Group listed on the Shenzhen Stock Exchange ChiNext board on July 26, 2024. Revenue was 4.8 billion yuan in 2023, 6.17 billion yuan in 2024, and 9.49 billion yuan in 2025, a 54 percent single-year jump. Net income reached 704.6 million yuan in FY2025, up 52 percent.
About Ugreen Group Limited
What does Ugreen Group own?
Ugreen Group owns the UGREEN brand and its product families, including the Nexode charging line and NASync storage products. It operates as a single-brand company with no acquired subsidiaries of significance.
Is Ugreen Group publicly traded?
Yes. The company trades on the ChiNext board of the Shenzhen Stock Exchange under ticker 301606. It completed its initial public offering on July 26, 2024.
Who founded Ugreen Group?
Zhang Qingsen founded the business, formalized with co-founder Chen Junling on March 16, 2012. Zhang serves as chairman and holds approximately 50.3 percent of shares, making him the controlling shareholder.
Where is Ugreen Group headquartered?
The company is headquartered in the Longhua District of Shenzhen, Guangdong Province, China, in the center of the country's electronics manufacturing region.
How many brands does Ugreen Group own?
One core brand. All products are marketed under the UGREEN name, with Nexode and NASync functioning as product-line sub-brands rather than independent brands.
Who owns Ugreen Group?
Founder Zhang Qingsen controls approximately half the shares directly. The remaining float is held by domestic Chinese institutional and retail investors through the ChiNext listing. There is no parent company.
What is Ugreen Group's revenue?
FY2025 revenue was 9.49 billion yuan, approximately $1.34 billion, up 54 percent year over year. Net income was 704.6 million yuan.
- Founded: 2012
- Headquarters: Shenzhen, Guangdong, China
- Company Type: Publicly Traded
- Stock: Shenzhen Stock Exchange (ChiNext): 301606
- Revenue: CNY 9.49 billion (FY2025)
- Employees: Approximately 3,000
Where Is UGREEN Made / Based?
- Headquarters: Shenzhen, Guangdong, China
- Manufacturing / Operations: China
UGREEN Categories & Tags
Awards & Recognition
UGREEN products have collected repeated Amazon Best Seller placements across charging and accessory categories, and the brand was named an Amazon annual most-popular seller brand in consecutive years during its international expansion phase, according to Chinese trade press coverage of its IPO prospectus.
The company has received German Red Dot and iF design awards for individual products over its history, a standard credential pattern for Shenzhen accessory brands moving upmarket.
UGREEN Recalls & Controversies
UGREEN has no major publicly documented product recalls or regulatory actions. As a consumer electronics brand selling powered devices, it operates under standard CE, FCC, and safety certification regimes in its export markets, and no systemic safety issues have been reported.
The main criticism directed at the brand category-wide concerns the environmental footprint of low-cost electronics accessories generally rather than UGREEN specifically. Trade press coverage ahead of the 2024 IPO focused on governance questions common to founder-controlled Chinese listings, including related-party transactions and concentration of supplier relationships, none of which resulted in regulatory findings.
UGREEN Ownership: Pros & Cons
Advantages
- +Founder control of roughly 50 percent of shares enables long-term product strategy
- +Listed status provides capital markets access for R&D and expansion
- +Shenzhen location puts it inside the world's densest electronics supply chain
- +Strong e-commerce channel economics, especially internationally
- +Expansion into NAS and GaN charging diversifies beyond commodity cables
Considerations
- -Extreme category competition from Anker, Baseus, and white-label sellers
- -Heavy reliance on third-party marketplaces for international sales
- -Majority outsourced production limits direct control of quality and labor
- -Founder control reduces minority shareholder influence
- -ChiNext listing limits liquidity access for international investors
Frequently Asked Questions About UGREEN
Sources & Further Reading
Competitors to UGREEN
No direct competitors found in the same category. This could be because UGREENoperates in a unique market segment or we're still building our competitor database.
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Ugreen Group Limited Stock Information
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