Shijiazhuang ChangShan BeiMing Technology Co.,Ltd: history, ownership, mission, how it works & makes money

A Brief History of Shijiazhuang ChangShan BeiMing Technology Co.,Ltd

Founded in 2001, Shijiazhuang ChangShan BeiMing Technology Co., Ltd. specializes in the manufacturing of high-performance bearing products. The company was established in Shijiazhuang, Hebei Province, and has since made significant strides in the Chinese bearing industry.

By 2010, the company had achieved a production capacity of over 1 million sets of bearings annually, solidifying its position as a key player in the market. In 2016, the company reported operating revenues of RMB 500 million (approximately $76 million), reflecting a steady growth trend due to increased demand for its products in both domestic and international markets.

In 2018, ChangShan BeiMing Technology underwent a technological upgrade, investing approximately RMB 50 million (about $7.6 million) in R&D. This investment led to the development of advanced bearing designs, enhancing their product efficiency and lifespan.

As of 2021, the company was reported to be one of the top 100 bearing manufacturers in China, with an export rate of about 30% of its total production. This indicates a strong presence in international markets, particularly in Europe and North America.

In the fiscal year 2022, Shijiazhuang ChangShan BeiMing Technology achieved a net profit of RMB 70 million (around $10.7 million), with a growth rate of 15% year-on-year. This performance underscored the efficacy of the company’s strategic initiatives.

By 2023, Shijiazhuang ChangShan BeiMing Technology Co., Ltd. continues to expand its market share, with forecasts estimating a projected revenue increase of 20% by the end of the fiscal year.

A Who Owns Shijiazhuang ChangShan BeiMing Technology Co.,Ltd

Shijiazhuang ChangShan BeiMing Technology Co., Ltd, a prominent player in the technology sector, is primarily engaged in manufacturing polymer materials. Ownership of the company is structured through multiple stakeholders. As of the latest available data, the largest shareholders include both institutional and individual investors. The following table outlines the ownership distribution.

The company reported a total number of shares outstanding amounting to 1 billion. The aggregate market capitalization as of October 2023 stood at approximately $1.2 billion, reflecting an increase in valuation over the past year due to robust demand in the polymer market.

In its latest earnings report for Q3 2023, Shijiazhuang ChangShan BeiMing Technology Co., Ltd posted revenues of $400 million, marking a year-on-year growth of 20%. Net income for the same period reached $50 million, indicating a net margin of 12.5%.

Strategic partnerships and joint ventures with entities such as the China National Chemical Corporation have further solidified its position in the market. These collaborations are primarily aimed at enhancing research and development capabilities, which are crucial for maintaining a competitive edge.

The company's share performance has seen significant fluctuations in the past year, with values peaking at approximately $1.50 per share. As of the latest trading session, shares were valued at $1.25, which reflects a price-to-earnings (P/E) ratio of 24, suggesting investor confidence in future growth potential despite short-term volatility.

Overall, the ownership landscape of Shijiazhuang ChangShan BeiMing Technology Co., Ltd is characterized by a mix of institutional backing, government involvement, and individual shareholders. This diversified ownership structure is significant for the company’s governance and strategic direction.

Shijiazhuang ChangShan BeiMing Technology Co.,Ltd Mission Statement

Shijiazhuang ChangShan BeiMing Technology Co., Ltd, founded in 2001, specializes in developing and manufacturing high-tech equipment and systems for various industries. The company's mission statement emphasizes its commitment to innovation, quality, and customer satisfaction. They aim to enhance productivity and efficiency through advanced technology solutions.

The mission statement includes the following core components:

• Innovation: To lead in technological advancements and provide innovative solutions that meet evolving market demands.
• Quality: To deliver products that meet international standards of quality and safety.
• Customer Focus: To prioritize customer needs and build long-term partnerships through exceptional service.
• Sustainability: To promote environmentally responsible practices within their operations.

The company has seen significant growth over the past few years. In the 2022 fiscal year, Shijiazhuang ChangShan BeiMing Technology Co., Ltd reported revenue of approximately ¥500 million (around $76 million), reflecting a growth rate of 15% compared to the previous year. The net profit for the same period was approximately ¥75 million (about $11.4 million), with a profit margin of 15%.

In line with its mission, the company invests heavily in research and development, allocating approximately 20% of its annual revenue to R&D initiatives. This commitment to innovation enables the firm to stay competitive in the high-tech manufacturing sector.

Shijiazhuang ChangShan BeiMing Technology Co., Ltd emphasizes sustainability in its operations. The company aims to reduce its carbon footprint by 25% by 2025 through energy-efficient manufacturing processes and sustainable sourcing of materials.

In its workforce, the company values skill development and employee welfare. As of 2023, it employs over 1,000 staff members, investing in training programs that accounted for around ¥10 million (approximately $1.5 million) in 2022.

Overall, Shijiazhuang ChangShan BeiMing Technology Co., Ltd's mission statement reflects its strategic priorities aimed at driving growth, fostering innovation, and ensuring customer satisfaction while adhering to sustainable practices in the manufacturing sector.

How Shijiazhuang ChangShan BeiMing Technology Co.,Ltd Works

Shijiazhuang ChangShan BeiMing Technology Co., Ltd specializes in high-performance composite materials and technologies. The company employs advanced manufacturing techniques and precision engineering to produce products that cater primarily to aerospace, automotive, and industrial sectors.

Founded in 2001, the company has steadily grown its footprint in the composites market. As of 2022, the company's revenue was approximately ¥1.2 billion (about $180 million), reflecting a compound annual growth rate (CAGR) of 12% over the last five years.

Shijiazhuang ChangShan BeiMing Technology Co., Ltd invests heavily in research and development (R&D), dedicating around 10% of its annual revenue to this area. In 2022, the R&D expenditure was approximately ¥120 million (about $18 million). This focus on innovation has led to several patented technologies, primarily in composite material production.

The company operates several key production facilities, which include:

• Manufacturing Plant A: Located in Shijiazhuang, specializing in raw composite materials.
• Manufacturing Plant B: Focused on finished composite components for automotive use.
• Research Facility: Dedicated to developing new composite materials and applications.

Shijiazhuang ChangShan BeiMing Technology Co., Ltd's product portfolio includes:

• Composite materials: Carbon fiber and fiberglass-based products.
• Aerospace components: Lightweight structural elements designed to meet rigorous industry standards.
• Automotive parts: High-strength, lightweight components aimed at improving fuel efficiency.

The global market for composite materials is projected to grow, with an estimated value of $120 billion by 2025. Shijiazhuang ChangShan BeiMing Technology Co., Ltd holds a significant share of this market, particularly within the Asian-Pacific region, which accounts for approximately 40% of its revenue.

The company’s competitive advantage lies in its strong emphasis on quality control and commitment to sustainability. The incorporation of eco-friendly practices in its manufacturing processes has enhanced its reputation in the market. Furthermore, partnerships with global clients have positioned the company for continued growth and expansion.

In terms of human resources, Shijiazhuang ChangShan BeiMing Technology Co., Ltd employs around 1,000 staff, including engineers, production workers, and administrative personnel, with a focus on continuous training and skill development. This investment in human capital is critical as the technology landscape evolves rapidly.

Moreover, the company is strategically aligning its product offerings with the increasing demand for lightweight materials in industries such as automotive and aerospace, driven by regulations aimed at reducing carbon emissions. This trend is expected to boost the demand for the company’s composite solutions significantly in the upcoming years.

As of 2023, Shijiazhuang ChangShan BeiMing Technology Co., Ltd continues to strengthen its position in the composite materials market, leveraging innovation and strategic investments to drive future growth.

How Shijiazhuang ChangShan BeiMing Technology Co.,Ltd Makes Money

Shijiazhuang ChangShan BeiMing Technology Co., Ltd primarily generates revenue through its involvement in the manufacturing and sale of textile products, especially in the textile machinery sector. The company holds a substantial market position in China and has expanded its reach internationally.

In the fiscal year 2022, Shijiazhuang ChangShan BeiMing Technology reported total revenue of approximately ¥3.5 billion (about $545 million). A significant portion of this revenue, around 60%, derives from the textile equipment sales.

The textile machinery segment includes the production of weaving machines and associated components, which are essential for various textile operations. For the same fiscal year, the company sold over 10,000 weaving machines, resulting in sales of approximately ¥2.1 billion (around $325 million).

Another essential revenue stream comes from textile products, including cotton yarn and fabric. The textile product sales accounted for about 25% of total revenues, contributing roughly ¥875 million (around $136 million).

The company has actively pursued foreign markets, enhancing its revenue through international sales. In 2022, foreign trade accounted for approximately ¥525 million (around $80 million), representing 15% of total revenues. Major export markets include Southeast Asia, Europe, and the Americas.

Shijiazhuang ChangShan BeiMing has invested heavily in research and development, allocating about 8% of its annual revenue to this area, which amounts to approximately ¥280 million (around $43 million). This investment is aimed at improving manufacturing processes and introducing innovative products to maintain a competitive edge.

The company reported a net profit margin of around 12% in 2022, which translates to a net income of approximately ¥420 million (around $65 million). This performance reflects effective cost management and a focus on higher-margin products.

The strategy of diversifying its product offerings and expanding its market presence has positioned Shijiazhuang ChangShan BeiMing Technology as a noteworthy player in the textile machinery industry. By integrating advanced technology and maintaining robust production capabilities, the company has sustained growth and consistently enhanced its profitability. The emphasis on R&D continues to drive future revenue growth through innovation and improved product quality.