Early Life
Zheng Jianjiang was born in Ningbo, Zhejiang, China, on March 1, 1961. He started his career as a mechanic.
Rise to Success
At the age of 25, Zheng acquired a debt-ridden factory, the predecessor of Aux Group, initially involved in manufacturing antennas and electricity meter covers. He expanded the business to include electricity meter manufacturing in 1990 through Ningbo Sanxing Meter Factory (now Ningbo Sanxing Electric). Aux Group later ventured into air conditioner manufacturing in 1994, real estate in 2000, and telecommunications in 2002. Zheng Jianjiang is the founder and chairman of Aux Group, a conglomerate and controlling shareholder of Ningbo Sanxing Medical Electric. Zheng cofounded Ninbo Sanxing Medical Electric in 2007 and took it public in Shanghai in 2011. Ninbo Sanxing supplies power distribution equipment such as smart meters and transformers.
Key Business Strategies
Zheng Jianjiang's strategic vision led to the diversification of Aux Group, expanding beyond its core air conditioning business into various sectors, including real estate, healthcare (with its own network of hospitals), and finance. This diversification played a key role in building the family's wealth. Aux Group has over 40,000 employees, 15 manufacturing bases, and 7 R&D centers worldwide.
Philanthropy
CHINT, a company connected to Zheng Jianjiang, has donated more than $71.4 million to social welfare undertakings. Aux Group has donated RMB 315 million to various public programs.