Hu Rongda & family

CEO, Zhejiang Sanmei Chemical Industry

Real-Time Net Worth

$2.8B

As of December 2025

Age

Source

Chemicals

Industry

manufacturing

Citizenship

Biography

Hu Rongda, the 66-year-old founder of Zhejiang Sanmei Chemical Industry, has built a significant fortune in the chemicals industry. His wealth stems from the production of fluorine chemical products, specifically refrigerants and HFCs, which are essential for air conditioning systems. He shares his wealth with his son, Hu Qixiang, who is the chairman of the company. His career is highlighted by the establishment and growth of Zhejiang Sanmei Chemical Industry, which went public on the Shanghai Stock Exchange in 2019.

Wealth Over Time

In-Depth Profile

Early Life

Information about Hu Rongda's early life is limited. However, his focus on the chemical industry suggests a background and interest in science and technology.

Rise to Success

Hu Rongda founded Zhejiang Sanmei Chemical Industry, a company specializing in fluorine chemical products. The company's key products, including refrigerants and HFCs, are crucial components in home, auto, and industrial air conditioning systems. The company's success is directly tied to the demand for these products.

Key Business Strategies

A key strategy has been the focus on producing chemicals vital to the air conditioning industry. The company's decision to go public on the Shanghai Stock Exchange in 2019 was a significant move, providing access to capital and increasing the company's visibility and market reach.

Philanthropy

There is no information about Hu Rongda's philanthropy.

Career Milestones

1988

Founded a factory

Started a small factory to make industrial ethanol which later expanded into ingredients for vitamins.

2019

Sanmei went public

Zhejiang Sanmei Chemical Industry went public on the Shanghai Stock Exchange.