Zhejiang Wanma
Chinese manufacturer of power-transmission cables, polymer materials, and related electrical and communication equipment.
Last updated October 12, 2026
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Overview
Zhejiang Wanma Co., Ltd. is a Zhejiang-based industrial company focused on products used in electricity transmission, distribution networks, communications, and emerging energy applications. Its principal business areas include wires and cables, polymer materials used in cable manufacturing and other electrical applications, and communication or related equipment. The company serves infrastructure and industrial customers rather than operating primarily as a consumer-facing brand. Wanma's business is closely connected with the expansion, maintenance, and modernization of China's power infrastructure. Its product scope includes power cables and other electricity-transmission lines, with applications in power grids, distribution systems, communications networks, new-energy projects, and logistics or transport electrification. The company has also been associated with electricity-powered logistics-vehicle rental through a joint venture established in 2017, reflecting an effort to extend its capabilities beyond conventional cable manufacturing. The company became publicly listed on the Shenzhen Stock Exchange in 2009 under ticker 002276.SZ. It was previously included in the SZSE 100 Index and was removed from that index in January 2017; by July 2017 it was reported as a constituent of the SZSE 200 Index. These index changes reflect its position within China's listed mid-cap industrial market at that time, although they do not by themselves describe its current index membership. Zhejiang Wanma is associated with Zhejiang Wanma Group, an investment and industrial group linked to the company's controlling shareholders. Reference material identifies Zhang Desheng as the principal shareholder through a non-wholly owned investment vehicle, with additional direct and family shareholdings reported in 2017. The wider Wanma group has also been connected with other listed and sporting activities, including sponsorship of a Zhejiang basketball team. Those activities should be distinguished from the operating business of Zhejiang Wanma Co., Ltd. The company is best understood as an infrastructure-oriented Chinese industrial brand. Its positioning rests on manufacturing scale, technology development, and participation in power, communications, and electrification supply chains. Publicly available reference material provides limited information on current management, financial performance, product-level brand names, and overseas operations, so those areas should be verified against the company's latest filings and official disclosures.
History
Zhejiang Wanma Co., Ltd. developed as a Chinese industrial manufacturer serving the electrical infrastructure sector. Founded in 1996, the company built its principal activities around wires and cables, polymer materials, and related equipment. These products are used in electricity transmission and distribution, communications, new-energy projects, and other industrial applications. The business model is therefore oriented toward supplying infrastructure operators, equipment makers, project contractors, and other commercial customers rather than selling primarily through consumer retail channels. A central part of the company's identity is its role in power-transmission and distribution networks. Cable products connect generation, grid, and end-use infrastructure, while polymer materials provide insulating and other performance characteristics needed in cable and electrical applications. The company's broader product and technology scope has also included communication equipment and products associated with newer electrification requirements. Zhejiang Wanma became a listed company on the Shenzhen Stock Exchange in 2009, trading under the code 002276.SZ. The listing placed the company within China's public industrial-equity market and supported its visibility among listed cable and electrical-equipment manufacturers. It was included in the SZSE 100 Index at one stage, but was removed from that index in January 2017. Reference material records that, as of July 4, 2017, the company was included in the SZSE 200 Index, a broader mid-cap benchmark. In 2017, Wanma expanded into a business adjacent to its electrical-manufacturing base by forming a joint venture related to the rental of electric logistics vehicles. The move connected the company with the electrification of commercial transport and urban logistics, although available reference material does not provide enough detail to assess the venture's subsequent scale or performance. Ownership disclosures cited in reference material show the importance of Zhejiang Wanma Group and Zhang Desheng to the company's shareholder structure in 2017. Zhang Desheng was reported to control 35.4123 percent through a non-wholly owned investment vehicle, Zhejiang Wanma Group, and to hold an additional 1.1276 percent directly. His daughter was reported to hold 0.9166 percent. These figures are historical and should not be treated as current ownership without updated filings. The wider Wanma organization has had interests beyond Zhejiang Wanma Co., Ltd. Wanma Technology, identified in the reference material by Shenzhen-listed code 300698, began its own initial public offering process in 2017. The Wanma Group was also reported as a sponsor of a Zhejiang basketball team. These connections illustrate the broader group context but are not themselves evidence that every related activity belongs to the listed cable manufacturer. The available material describes Zhejiang Wanma primarily through its industrial products, listed-company status, group relationships, and selected expansion initiatives. It does not provide sufficient verified information for a detailed account of current executives, financial results, international subsidiaries, product model names, or present-day strategic priorities. Those subjects should be updated from the company's latest annual reports, exchange filings, and official website.
- 2017
Electric logistics-vehicle rental venture
[1]Wanma formed a joint venture connected with the rental business for electric logistics vehicles.
- 2017
Index composition changed
[1]The company was removed from the SZSE 100 Index in January and was reported as part of the SZSE 200 Index as of July 4.
- 2009
Shenzhen Stock Exchange listing
[1]The company became publicly listed on the Shenzhen Stock Exchange under ticker 002276.SZ.
- 1996
Company founded
[1]Zhejiang Wanma was established as an industrial enterprise in Zhejiang, with activities centered on wires, cables, polymer materials, and related equipment.
Products and positioning
Infrastructure-oriented manufacturer serving power transmission, distribution, communications, new-energy, and industrial electrification applications.
Electrical infrastructure
Power cables
Power cables are a core part of Zhejiang Wanma's offering. They are used to transmit and distribute electricity across utility, industrial, construction, and infrastructure projects. The available reference material describes the company as a manufacturer of electricity-transmission lines and distribution-network products, but does not identify a complete current catalog of voltage classes, constructions, or branded product families.
Electrical infrastructure
Wires and electricity-transmission lines
The company's wire and transmission-line activities support electrical networks and associated infrastructure. These products form part of the upstream and project supply chain for power systems, with applications extending across transmission, distribution, and industrial electrical installations. Public reference material does not provide enough detail to separate all current lines by technical specification.
Electrical materials
Polymer materials
Zhejiang Wanma produces polymer materials used in cable manufacturing and other electrical applications. Such materials can provide insulation, protection, and other performance properties, although the available sources do not specify the company's full materials portfolio or individual formulations.
Communications infrastructure
Communication equipment
Communication equipment is identified as one of the company's business areas. It complements Wanma's presence in infrastructure markets alongside cables and polymer materials. Current product names, customer segments, and relative contribution to the business are not established by the supplied reference material.
Electric mobility services · 2017
Electric logistics-vehicle rental
In 2017, Zhejiang Wanma entered a joint venture related to renting electric logistics vehicles. This was a service and mobility initiative adjacent to its core electrical-manufacturing operations. The available sources do not establish whether the venture remains active or describe its later operating results.
Controversies
Brand decisions
2017
Expansion into electric logistics-vehicle rentalStrategyBackground
Wanma's established electrical and new-energy capabilities provided an adjacent platform for exploring commercial-vehicle electrification and logistics services.
Action taken
The company formed a joint venture connected with the rental of electric logistics vehicles.
Aftermath
The supplied reference material does not provide verified information about the venture's subsequent size, profitability, or current status.
Sources4 sources
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