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.

Founder Zhang Qingsen, born in Putian, Fujian in 1983, moved to Shenzhen after graduating with an international finance degree in 2007. He spent two years in foreign trade before entering the Huaqiangbei electronics market in 2009, running a cable trading and OEM business.

In 2011, Zhang launched the UGREEN brand with TV connection cables tailored for Chinese consumers, identifying a gap where imported-brand cables did not match domestic market needs. On March 16, 2012, he formalized the business as Shenzhen UGREEN Technology Co., Ltd. with co-founder Chen Junling, splitting the initial 1 million yuan of registered capital 70/30 in Zhang's favor.

The timing captured China's smartphone wave. Data cables, chargers, and tempered glass for Apple and Android devices drove the company's early growth on Tmall and JD.com. By the mid-2010s, UGREEN was a top-tier digital accessories seller on Chinese e-commerce platforms.

Two decisions defined the company's trajectory. First, exiting OEM work entirely to concentrate on its own brand, trading guaranteed contract revenue for brand equity. Second, using Shenzhen's designation as a cross-border e-commerce pilot city in 2014 to build an international operation early, opening storefronts on Amazon, AliExpress, eBay, Lazada, and Wish years before most Chinese accessory makers attempted direct export.

Certifications validated the quality strategy: Apple MFi certification arrived in 2014, and Huawei DFH certification followed in 2018, making UGREEN a licensed partner to the two dominant device ecosystems in its home market. The product catalog expanded in roughly two-year increments, from phone accessories to computer and car accessories, wearables and smart hardware, power banks, audio, and eventually NAS storage.

The July 26, 2024 listing on the Shenzhen Stock Exchange ChiNext board valued the company based on rapidly compounding revenue: 3.84 billion yuan in 2022, 4.8 billion in 2023, 6.17 billion in 2024, and 9.49 billion in 2025. In 2026 the company launched the NASync DXP GT storage line with AMD processors and dual 10GbE connectivity, two Thunderbolt 5 docking stations, and an officially licensed Honkai: Star Rail collection with HoYoverse, continuing its move from commodity accessories into enthusiast and licensed products.

The company publishes corporate disclosures consistent with Chinese listed-company requirements but does not hold B Corp certification or membership in international sustainability frameworks such as the UN Global Compact. Environmental reporting follows domestic listing standards rather than CDP or equivalent international disclosure regimes.

The outsourced manufacturing model places most environmental and labor performance inside partner factories. The company's filings describe supplier management programs but independent third-party verification of supply chain labor standards is limited, a common posture for Shenzhen electronics exporters at this scale.

No major product safety recalls, regulatory penalties, or legal controversies are on record for Ugreen Group. Pre-IPO coverage in Chinese financial media raised standard governance questions for a founder-controlled listing, including supplier concentration and related-party transaction disclosures, none of which produced regulatory action.

The principal regulatory exposure is structural rather than historical: international trade policy, tariffs on Chinese electronics exports, and potential restrictions on cross-border e-commerce channels represent the largest external risk factors disclosed in company filings.