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Stock Code: SH.603045

Fuda Alloy Material Co., Ltd

Founded in March 1994, Fuda Alloy Material Co., Ltd. is a technology enterprise specializing in advanced materials. The company has established several subsidiaries, including Zhejiang Fudar Alloy Material Technology Co., Ltd., Zhejiang Weida Precious Metal Powder Material Co., Ltd., Zhejiang Haoda Precision Components Co., Ltd., and Shanghai Grand Technology Co., Ltd.

Fuda specializes in electrical contact materials, the "core components" of low-voltage electrical equipment, with three major product categories: contact materials, clad contacts, and contact assemblies. Its major customers include leading global electrical companies such as Siemens, ABB, Schneider Electric, Fuji Electric,Mitsubishi Electric,Omron,GE,ASCO,CHINT,Hongfa. Fuda was listed on the Main Board of the Shanghai Stock Exchange in May 2018.

Year of Establishment
1994

Year of Establishment

Employees
1600+

Employees

2024 Revenue
3.85 billion

2024 Revenue

Wang Dawu-Chairman and President
Wang Dawu
Chairman and President
Current Positions:

Deputy Director of the Economic Affairs Committee of Zhejiang Provincial Committee of the CPPCC

Vice Chairman of Zhejiang Federation of Industry and Commerce

Vice Chairman of Wenzhou Municipal Committee of the CPPCC

Chairman of Wenzhou Federation of Industry and Commerce

President of Wenzhou General Chamber of Commerce

President of Wenzhou New Materials Industry Association

Honors:

National May 1 Labor Medal

Zhejiang Provincial Model Worker

Outstanding Entrepreneur of Zhejiang Province

Outstanding Builder of Socialism with Chinese Characteristics in the New Era in Zhejiang Province

Pride of Zhejiang Minge

Fuda Culture

Committed to the development strategy of "one meter width, one hundred meters depth," emphasizing specialization, refinement, uniqueness, and innovation

Small Materials Change the Big World

To be a global leader in the overall solution of electrical contact systems

Customer-focused, Contribution, Pursuit of Excellence, Never Satisfied

Quality is more important than output, Brand is more important than benefit, Responsibility is more important than profit

Be Proactive, Never Say “Impossible,” Never Avoid Responsibility

Excellent Performance, Smaller Volume, Reduced Silver Usage, Green Processes, Intelligent Manufacturing

Core Strategy
Core Strategy
Committed to the development strategy of "one meter width, one hundred meters depth," emphasizing specialization, refinement, uniqueness, and innovation
Mission
Mission
Small Materials Change the Big World
Vision
Vision
To be a global leader in the overall solution of electrical contact systems
Values
Values
Customer-focused, Contribution, Pursuit of Excellence, Never Satisfied
Business Philosophy
Business Philosophy
Quality is more important than output, Brand is more important than benefit, Responsibility is more important than profit
Work Philosophy
Work Philosophy
Be Proactive, Never Say “Impossible,” Never Avoid Responsibility
R&D Philosophy
R&D Philosophy
Excellent Performance, Smaller Volume, Reduced Silver Usage, Green Processes, Intelligent Manufacturing

Development History

2025
2025
Establishment of a new digital intelligent wire factory

By deeply integrating digitalization into manufacturing, Fuda improved production efficiency and advanced its core business into a new stage of intelligent manufacturing


Image: Partial view of the new digital intelligent wire factory
2025
2025
2025
Opening of Zhejiang Fleedar Precision Hardware Manufacturing Co., Ltd.

Focused on precision components for new energy applications, marking Fuda’s strategic expansion into emerging industries


2025
2024
2024
Establishment of Shanghai Fuda

Positioned as a global growth hub and talent attraction center, Shanghai Fuda supports the expansion of Fuda’s value chain


2024
2022
2022
Zhejiang Weida Precious Metal Powder Materials Co., Ltd. commenced operations

Focused on the recycling of gold, silver, and other precious metals, as well as the R&D and manufacturing of micro- and nano-scale functional powder materials, the company extended Fuda’s industrial chain and advanced its green closed-loop development model


2022
2021
2021
Factory 2 was put into operation

Serving as a secondary manufacturing center, Factory 2 was officially designated as the companys headquarters in October 2021


2021
2020
2020
Factory 3 was put into operation

Dedicated to component manufacturing, Factory 3 improved quality and efficiency through automated equipment


2020
2019
2019
The first independently developed automated equipment was put into operation

By following the concept of introduction, digestion, absorption, and re-innovation, Fuda achieved the transition from reliance on imported equipment to independent R&D


Image: Fuda’s independently developed automated equipment
2019
2018
2018
Fuda was listed on the A-share Main Board of the Shanghai Stock Exchange

The first company in the industry to be listed on the Main Board (Stock Code: 603045), Fuda established a development model integrating the real economy, financial capital, human capital, and the capital market


2018
2012
2012
Establishment of clad strips and profile materials production workshops

Further strengthened Fuda’s customized production capabilities for high-end materials and completed the development of its eight major product series


2012
2010
2010
Establishment of a silver powder recycling workshop

A step forward in practicing green manufacturing and promoting resource recycling


2010
2008
2008
Relocation of the entire operation to the Wenzhou Economic and Technological Development Zone (now Wenzhou Bay New Area)

By establishing operations in the former national-level development zone, Fuda further integrated development resources and laid the foundation for rapid growth


2008
2006
2006
Passed Schneider Electric’s SSQM quality and logistics system audit

Marked international recognition of Fuda’s quality management and supply chain capabilities, placing the company among the industry’s leading players


Image: Dai Ming, then Vice President of Schneider Electric (China), visited Fuda for exchanges (pictured first from the left)
2006
2005
2005
Establishment of a component production workshop

To provide integrated solutions, Fuda achieved integrated manufacturing from materials to components


Image: Partial view of intelligent production equipment in the component workshop
2005
2002
2002
Senior international industry experts engaged as technical consultants

Further advanced Fuda’s production standards and technical capabilities in line with international standards


Image: The overseas technical expert providing technical guidance at Fuda.
He received the West Lake Friendship Award of Zhejiang Province in 2006
2002
2000
2000
Establishment of the Fuda Party Branch and Trade Union

Party building and trade union work were deeply integrated into corporate management, strengthening Fuda’s soft power


2000
1999
1999
Establishment of the Yueqing Fuda Precious Metal Materials Research Institute

A forward-looking in-house R&D platform was established to support Fuda’s technological innovation and talent development


1999
1999
1999
Relocation to Pingshan Road, Liushi, Wenzhou

Fuda’s first major expansion in production capacity, enabling it to meet growing demand for high-quality contacts


Image: Fuda company building in 1999
1999
1998
1998
Establishment of a powder workshop

Expanded product forms to meet the diverse needs of electrical components



1998
1996
1996
Establishment of a rivet contact production workshop

Rivet contacts were added to Fuda’s core product portfolio



1996
1994
1994
Fuda was founded on Longtan Road, Liushi, Wenzhou

with a focus on electrical contact materials, the "core components" of low-voltage electrical equipment.


1994
2023
2023
Successful mass production of terminals for new energy vehicles

Expanded the industrial chain and entered the supply chain system for new energy vehicles


2023
2022
2022
Mass production of electrical contact materials for high-voltage DC applications

Broke through foreign technological barriers, with performance reaching advanced industry standards


2022
2020
2020
Mass production of powder metallurgy electrical contact materials for 5G communications

Marked Fuda’s first entry into the 5G communications sector


2020
2019
2019
Successfully developed high-reliability flexible automated welding technology for large-size circuit breakers

Enabled the large-scale application of flexible welding technology in production


2019
2017
2017
Mass production of multi-component silver metal oxide sheet electrical contact materials

Significantly improved the electrical life of high-current AC contactors, with performance reaching advanced industry standards


2017
2015
2015
Mass production of electrical contact materials for EV relays

Marked Fuda’s first entry into the new energy vehicle sector


2015
2012
2012
Mass production of profiled silver alloy electrical contacts

Enhanced Fudas electrical contact forming and manufacturing capabilities to meet customers’ specialized requirements


2012
2011
2011
Mass production of superplastic silver metal oxide electrical contacts for railway signal relays

Recognized by leading companies in the railway signal relay industry, Fuda became a supplier to major domestic railway signal equipment manufacturers


2011
2010
2010
Mass production of new silver-tungsten carbide electrical contacts for fourth-generation low-voltage circuit breakers

The overall performance of these silver-tungsten carbide electrical contacts reached advanced industry standards


2010
2007
2007
Mass production of triple-composite rivet electrical contacts

A breakthrough in precious metal resource-saving technology


2007
2005
2005
Mass production of silver tin oxide electrical contacts for magnetic latching relays

Featuring low power consumption, long service life, and performance meeting advanced industry standards


2005
2003
2003
Mass production of extruded silver-graphite electrical contact material

This product marked Fuda’s entry into the high-end international market


2003
2002
2002
Mass production of environmentally friendly electrical contact material (silver tin oxide)

Fuda’s first independently developed environmentally friendly material


2002
2000
2000
Mass production of silver-copper series brazing materials

Entered the field of high-quality brazing materials and developed a representative product: AgCu28


2000
1998
1998
Mass production of powder metallurgy electrical contact materials

Expanded Fuda’s electrical contact portfolio to cover power transmission and distribution applications



1998
1996
1996
Mass production of rivet-type electrical contacts

Marked an extension of the industrial chain into precision manufacturing

1996
1994
1994
Mass production of silver alloy wire

Fuda’s first product marked the beginning of its electrical contact materials business



1994

Fuda Honors

National Enterprise Technology Center

Zhejiang Fudar
National Enterprise Technology Center

Key Enterprise Research Institute

Zhejiang Fudar
Key Enterprise Research Institute

Postdoctoral Programme

Postdoctoral Programme

Zhejiang Provincial Smart Factory

Zhejiang Fudar
 Zhejiang Provincial Smart Factory

Zhejiang Provincial Engineering Research Center

Zhejiang Fudar
Zhejiang Provincial Engineering Research Center

Zhejiang Provincial Intellectual Property Demonstration Enterprise

Zhejiang Fudar
Zhejiang Provincial Intellectual Property Demonstration Enterprise

High-Tech Enterprise

Zhejiang Fudar
High-Tech Enterprise
Social Responsibility
Guided by the “Happy Fuda” philosophy,
Fuda remains committed to employee care and social responsibility.

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