Ningbo Deye Technology Group Co., Ltd.

Shanghai Stock Exchange 605117.SS

Ningbo Deye Technology Group Co., Ltd. Debt to Equity Ratio for the year ending December 31, 2023: 0.52

Ningbo Deye Technology Group Co., Ltd. Debt to Equity Ratio is 0.52 for the year ending December 31, 2023, a 16.81% change year over year. Debt to equity ratio represents the financing from debt versus equity. Higher ratio indicates more debt reliance, suggesting potential risk.

Ningbo Deye Technology Group Co., Ltd. Debt to Equity Ratio for the year ending December 31, 2022 was 0.45, a 8,187.50% change year over year.
Ningbo Deye Technology Group Co., Ltd. Debt to Equity Ratio for the year ending December 31, 2021 was 0.01, a -53.28% change year over year.
Ningbo Deye Technology Group Co., Ltd. Debt to Equity Ratio for the year ending December 31, 2020 was 0.01, a -86.15% change year over year.
Ningbo Deye Technology Group Co., Ltd. Debt to Equity Ratio for the year ending December 31, 2019 was 0.08, a -52.15% change year over year.

Key data

Date	Debt to Equity Ratio	Debt to Income Ratio	Debt to Tangible Net Worth Ratio	Dividend Coverage Ratio

Shanghai Stock Exchange: 605117.SS

Ningbo Deye Technology Group Co., Ltd.

CEO	Mr. Dongye Zhang
IPO Date	April 20, 2021
Location	China
Headquarters	No.26-28 Southern Yongjiang Road
Employees	3,505
Sector	Consumers Staples
Industries Cleaning Supplies Connected Homes Geothermal Energy Hardware & Electronics Pollution Treatment Renewables Solar Energy Utilities

Description

Ningbo Deye Technology Group Co., Ltd. provides variable frequency control systems, household dehumidifiers, and heat exchanger products in China. It offers inverter controllers that are used in air conditioners, refrigerators, washing machines, dehumidifiers, water pumps, water dispensers, air purifiers, plumbing heat pump systems, and other electrical products. The company also develops and exports inverters, solar grid-connected inverters, wind energy grid-connected inverters, solar charging controllers, intelligent and off-grid power generation systems, and other products to the United Kingdom, the United States, Germany, the Philippines, India, Africa, the Middle East, and other countries and regions. In addition, it offers heat exchangers for household air conditioners, commercial air conditioners, mobile air conditioners, automotive air conditioners, dehumidifiers, air energy heat exchangers, and special refrigeration equipment. The company was founded in 1990 and is headquartered in Ningbo, China.

Key trends

Past 5 years