Billionaire Profile
Chen Xuehua
Global Rank
#2542

Image: Public domain | via Wikimedia Commons

Chen Xuehua

CEO, Zhejiang Huayou Cobalt
CN
Real-Time Net Worth
$6.8B
As of December 2025
Age
64
Source
Minerals processing
Industry
metals-mining
Citizenship
CN

Biography

Chen Xuehua is the founder and chairman of Zhejiang Huayou Cobalt, a prominent player in China's mining sector. With a net worth estimated at $6.8 billion as of December 3, 2025, Chen's wealth stems from his involvement in minerals processing, specifically cobalt and nickel products for the EV industry. His career has been marked by significant achievements, including establishing Huayou Cobalt in 2002 and leading its expansion into a global enterprise. He has been recognized for his philanthropic contributions and leadership, receiving the title of "2024 Outstanding Individual" by the Zhejiang Charity Federation.

Wealth Over Time

In-Depth Profile

Early Life

Information regarding Chen Xuehua's early life is limited in the available search results. However, it is known that he worked in chemical factories before establishing Zhejiang Huayou Cobalt and Nickel Materials Co., Ltd. in 2002.

Rise to Success

Chen Xuehua's career took a significant turn with the founding of Zhejiang Huayou Cobalt. From June 2002 to July 2016, he served as the chairman and general manager of the company. Under his leadership, Huayou Cobalt has become a major supplier of cobalt and nickel products, catering to the growing electric vehicle (EV) industry. The company has expanded its operations, including collaborations with international entities and establishing a full-cycle new energy lithium battery material industry chain.

Key Business Strategies

Chen Xuehua has implemented key strategies that have contributed to Huayou Cobalt's success. These include a focus on technological innovation, eco-friendly production, and global expansion. He has also emphasized the importance of ESG (Environmental, Social, and Governance) practices, positioning Huayou at the forefront of the industry. In 2024, Huayou's revenue exceeded RMB 60.946 billion.

Philanthropy

Chen Xuehua has demonstrated a commitment to philanthropy through his personal contributions and the initiatives of Huayou Cobalt. In 2024, the company's cumulative charitable investments reached RMB 69.2516 million. He established the "Huayou Holding Charity and Common Prosperity Foundation" to support the development of Quzhou City.

Career Milestones

2002

Founded Zhejiang Huayou Cobalt

Established Zhejiang Huayou Cobalt and Nickel Materials Co., Ltd.

2016

Chairman of Zhejiang Huayou Cobalt

Appointed as the chairman of Zhejiang Huayou Cobalt Co., Ltd.

2024

Outstanding Individual by Zhejiang Charity Federation

Awarded the title of "2024 Outstanding Individual" by the Zhejiang Charity Federation.

Philanthropy & Social Impact

Philanthropy

Huayou Holding Charity and Common Prosperity Foundation

Information not available

Supports the development of Quzhou City's four-province border common prosperity demonstration zone. Engages in philanthropic activities across education, poverty alleviation, and rural revitalization.

Business Philosophy & Leadership

Notable Quotes

""National Support is the Reassurance Private Enterprises Need""

Leadership Principles

Focus on Core Business

Emphasizing commitment to its core business and strengthening industrial capabilities, and prioritizing the lithium battery materials sector.

Technological Innovation

Taking scientific and technological innovation as the cornerstone to continuously improve scientific and technological insight, research and application.

ESG implementation

Implementing the ESG concept and doing a good job in all aspects of the project.