# Ningbo Zhihua Chemical

Ningbo Zhihua Chemical is a Corporate Investor based in Ningbo, China.

## Overview

- **Organization type:** Corporate Investor
- **Headquarters:** Ningbo, China
- **Region:** Asia
- **Address:** Juexi Industrial Park, Xiangshan, Ningbo, Zhejiang, China
- **Founded:** 1985
- **Assets under management:** Undisclosed
- **Website:** zhihua.com
- **LinkedIn:** linkedin.com/company/ningbo-zhihua-chemical-co.-ltd.

## Regulatory record

- **Reports private funds:** No

## About

Xia Zhizhong established Ningbo Zhihua Chemical in 1985 in Xiangshan County, Zhejiang. The firm has since grown into a recognized supplier within the specialty-chemical space, maintaining a long-term relationship with Procter & Gamble across multiple Asian markets. Its primary operating entity produces powder coating additives, anti-corrosive paints, and microbicides, with a manufacturing base in Juexi Industrial Park. The firm runs a dual-track deployment strategy. Its chemical division operates as an industrial supplier, entrenched through multi-country supply agreements with P&G in China, the Philippines, and Pakistan. Adjacent to this, the firm holds a real-asset portfolio that includes the Shangpinju residential project in Pengxi/Daying, Suining, and the Xiandai Wuliugang mixed-use project, also in Suining. Beyond chemicals, Xia chairs Ningbo Xiangshen Holding Group, the parent structure that houses both the chemical and real-estate arms. The group counts Chen Leiguang as its Chief Engineer, leading R&D across the chemical and biochemical divisions. Xia's recognition as a Labor Model of Xiangshan County and his Executive Directorship in the Zheshang Council place him within Zhejiang's established industrial network. No asset or deployment figures are publicly available. This is not a single-family office in the Western sense. The firm operates as an owner-operator industrial group with a property portfolio — a common posture among mid-sized Chinese industrialists who deploy retained earnings into real assets rather than third-party-managed funds.

## Sectors

- Industrial Tech
- Real Estate

## People

- Xia Zhizhong — Chairman
- Chen Leiguang — Chief Engineer and R&D Lead

## Questions

### Who runs investment decisions at Ningbo Zhihua Chemical?

Founder and Chairman Xia Zhizhong controls both the chemical operating company and Ningbo Xiangshen Holding Group, the parent entity. Chen Leiguang leads the technical side as Chief Engineer and R&D Lead. The firm does not disclose a separate investment committee or external allocation function.

### What is the firm's relationship with Procter & Gamble?

Ningbo Zhihua Chemical is a long-term strategic supplier to P&G across multiple countries, including China, the Philippines, and Pakistan. This supplier relationship has been publicly cited as a core anchor for the firm's chemical division.

### Where does the firm deploy capital outside of chemicals?

The firm holds at least two identifiable real-estate assets in Suining, Sichuan: the Shangpinju residential project and the Xiandai Wuliugang mixed-use development. These sit within Ningbo Xiangshen Holding Group alongside the chemical manufacturing operations.

## Related profiles

- [Ningbo Yunsheng](https://altss.com/profile/ningbo-yunsheng)
- [Ningxia Electric Power Investment Group](https://altss.com/profile/ningxia-electric-power-investment-group)

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Last updated: 2026-08-11T02:43:31.692Z

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