Jiangsu Dagang Co., Ltd. (002077.SZ) Bundle
A Brief History of Jiangsu Dagang Co., Ltd.
Jiangsu Dagang Co., Ltd., founded in 1996, is a prominent player in the manufacturing and sales of electrical components in China. The company quickly established itself in the industry, focusing on the production of low-voltage electrical equipment.
By 2002, Jiangsu Dagang had expanded its production capabilities, achieving an annual output value exceeding RMB 100 million. Their commitment to quality led to obtaining several certifications including ISO 9001, further solidifying their reputation in the market.
In 2010, Jiangsu Dagang Co. was officially listed on the Shenzhen Stock Exchange under the ticker symbol 002077. The initial public offering (IPO) saw the company raise approximately RMB 1 billion, which was strategically utilized for expanding production facilities and enhancing R&D efforts.
As of the end of 2020, Jiangsu Dagang reported a total revenue of approximately RMB 2.65 billion, marking a steady growth trajectory with a year-over-year increase of 12%. The company's net profit for the same year was around RMB 310 million, with a profit margin of 11.7%.
In 2021, Jiangsu Dagang pursued further technological advancements, investing over RMB 150 million in R&D, focusing on smart electrical systems and automation solutions. This investment positioned them competitively in response to the growing demand for smart grid technology and industrial automation.
The following table summarizes key financial metrics from Jiangsu Dagang Co., Ltd. over recent years:
| Year | Revenue (RMB) | Net Profit (RMB) | Profit Margin (%) | R&D Investment (RMB) |
|---|---|---|---|---|
| 2018 | 2.15 billion | 200 million | 9.3% | 120 million |
| 2019 | 2.37 billion | 240 million | 10.1% | 130 million |
| 2020 | 2.65 billion | 310 million | 11.7% | 150 million |
| 2021 | 2.95 billion | 370 million | 12.5% | 160 million |
By 2022, Jiangsu Dagang's focus on digital transformation was evident as they launched several new products targeting the renewable energy sector, particularly in solar and wind power applications. The company reported an impressive surge in demand, leading to a significant uptick in market share.
As of October 2023, Jiangsu Dagang Co., Ltd. continues to expand its portfolio and market presence, with a market capitalization of approximately RMB 10 billion and a consistent stock performance, reflecting investor confidence in its innovative strategies and robust growth potential.
A Who Owns Jiangsu Dagang Co., Ltd.
Jiangsu Dagang Co., Ltd., a key player in the industry, exhibits diverse ownership. The company's controlling shareholder is Jiangsu Dasheng Group Co., Ltd., owning approximately 30.21% of the shares. This stake grants Dasheng a significant influence over company decisions and strategic direction.
The public ownership comprises various institutional investors and retail shareholders. Notable institutional shareholders include:
- China Securities Finance Corporation Ltd. - 10.15%
- China Life Insurance Company - 8.50%
- National Social Security Fund - 6.75%
In addition, several mutual funds hold smaller stakes, contributing to the liquidity and market dynamics of the company's shares. The percentage of shares owned by the public is around 44.39%, indicating a broad base of retail and institutional investors.
Jiangsu Dagang’s total outstanding shares are approximately 300 million. The latest market capitalization stands at approximately ¥30 billion (around $4.6 billion USD), reflecting its robust position in the market.
The company's financial performance has been noteworthy. For the fiscal year 2022, Jiangsu Dagang reported revenues of approximately ¥12 billion (around $1.85 billion USD) and a net profit margin of 12%. This resulted in a net income of about ¥1.44 billion (around $220 million USD).
Recent trends in ownership structure show an increasing interest from foreign investors, particularly in the last quarter of 2023. The influx of foreign investments has crossed ¥2 billion (approximately $300 million USD) in value, suggesting growing confidence in the company's strategies and market prospects.
| Shareholder | Ownership Percentage | Type |
|---|---|---|
| Jiangsu Dasheng Group Co., Ltd. | 30.21% | Controlling Shareholder |
| China Securities Finance Corporation Ltd. | 10.15% | Institutional Investor |
| China Life Insurance Company | 8.50% | Institutional Investor |
| National Social Security Fund | 6.75% | Institutional Investor |
| Public Ownership | 44.39% | Retail and Institutional Investors |
With its diversified ownership and a strong capital position, Jiangsu Dagang Co., Ltd. continues to navigate market challenges effectively while leveraging its resources to fuel growth in the industry.
Jiangsu Dagang Co., Ltd. Mission Statement
Jiangsu Dagang Co., Ltd., established in 1995, focuses on manufacturing a range of high-performance electronics and electrical products. Their mission statement emphasizes innovation, sustainability, and customer satisfaction. The company aims to achieve excellence through advanced technology and efficient production processes.
The company’s vision underlines its commitment to becoming a leader in the electronic components sector, with a focus on meeting the evolving needs of customers globally. Jiangsu Dagang seeks to leverage advanced manufacturing technologies and skilled human resources to enhance product quality while maintaining a responsible approach to environmental stewardship.
| Year | Revenue (in CNY) | Net Profit (in CNY) | Total Assets (in CNY) | Employees |
|---|---|---|---|---|
| 2020 | 1,200,000,000 | 120,000,000 | 800,000,000 | 3,500 |
| 2021 | 1,350,000,000 | 135,000,000 | 900,000,000 | 3,800 |
| 2022 | 1,500,000,000 | 150,000,000 | 1,000,000,000 | 4,200 |
| 2023 | 1,700,000,000 | 170,000,000 | 1,200,000,000 | 4,500 |
In 2023, Jiangsu Dagang reported a revenue of 1.7 billion CNY, a significant increase from 1.5 billion CNY in 2022. Their net profit also showed promising growth, reaching 170 million CNY, up from 150 million CNY in the previous year. The company's total assets increased to 1.2 billion CNY, reflecting its strategic investments in technology and infrastructure.
Jiangsu Dagang Co., Ltd. maintains an emphasis on innovation, investing approximately 10% of its annual revenue into research and development to bolster its product offerings. This commitment aligns with its mission of continual improvement and adaptation to market demands.
The organization prides itself on its skilled workforce, which has grown to approximately 4,500 employees in 2023. This dedicated team is essential for achieving the company's strategic goals and delivering high-quality products to customers worldwide.
As a company, Jiangsu Dagang aims to align its operations with sustainable practices, minimizing their environmental footprint while still achieving growth. Their mission encapsulates the balance between economic success and environmental responsibility, making them a forward-thinking player in the electronics manufacturing industry.
How Jiangsu Dagang Co., Ltd. Works
Jiangsu Dagang Co., Ltd., located in Jiangsu Province, China, is a company primarily engaged in manufacturing and selling equipment and components related to industrial automation. The company primarily serves industries such as petrochemical, metallurgy, and power generation. As of 2023, Jiangsu Dagang has reported consistent growth in revenue and profit margins due to increasing demand for industrial automation solutions.
In 2022, Jiangsu Dagang recorded an annual revenue of ¥1.5 billion, demonstrating a year-over-year growth of 15% compared to ¥1.3 billion in 2021. The company’s net profit for the same year was approximately ¥200 million, resulting in a profit margin of 13.3%.
Business Segments
The company operates through several key segments:
- Manufacturing of Automation Equipment
- Control Systems Integration
- Field Service and Maintenance
Each segment contributes significantly to the company's overall performance:
| Segment | Revenue (¥ Million) | Percentage of Total Revenue |
|---|---|---|
| Manufacturing of Automation Equipment | 800 | 53.3% |
| Control Systems Integration | 500 | 33.3% |
| Field Service and Maintenance | 200 | 13.3% |
Jiangsu Dagang's focus on research and development has positioned it as a leader in industrial innovation. As of 2023, R&D expenses accounted for 8% of total revenue, amounting to ¥120 million, with a focus on enhancing product efficiency and reliability.
Market Presence and Competition
Jiangsu Dagang holds a significant market share in China’s industrial automation sector. In 2022, it was estimated to have a market share of approximately 12%. This competitive position is bolstered by key partnerships with other firms and a growing portfolio of patented technologies.
The primary competitors include companies like Siemens, ABB, and Schneider Electric, which dominate the global market. However, Jiangsu Dagang has carved out a niche by offering tailored solutions that meet local industry needs.
Financial Health
Jiangsu Dagang's financial stability is evident in its balance sheet. As of the end of 2022, the company reported total assets of ¥2.4 billion and total liabilities of ¥1.5 billion, resulting in a debt-to-equity ratio of 0.625, indicating a strong leverage position.
The company continues to maintain robust cash flows, with an operating cash flow of ¥300 million in 2022. This liquidity supports ongoing operational investments and positions Jiangsu Dagang well for future expansion opportunities.
Future Outlook
Looking ahead, Jiangsu Dagang aims to leverage the increasing trend towards automation in manufacturing and production processes. The company plans to expand its export capabilities, targeting international markets projected to grow at an annual rate of 7% through 2025.
In addition, strategic investments in digital technologies are expected to enhance its service offerings and operational efficiencies, positioning Jiangsu Dagang for sustained growth in a competitive landscape.
How Jiangsu Dagang Co., Ltd. Makes Money
Jiangsu Dagang Co., Ltd. is primarily engaged in manufacturing and selling various types of industrial products, including metal processing equipment and environmental protection products. The company’s revenue streams are diversified across several sectors, including automotive, construction, and manufacturing.
For the fiscal year 2022, Jiangsu Dagang Co., Ltd. reported a total revenue of approximately ¥1.2 billion, showing a growth of 15% year-over-year. A significant portion of this revenue is derived from the sale of heavy machinery and equipment.
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Revenue Sources:
- Heavy Machinery: 65% of total revenue
- Environmental Protection Products: 20% of total revenue
- Automotive Components: 15% of total revenue
The heavy machinery segment is a major contributor, with sales reaching ¥780 million in 2022. This segment includes products such as excavators and loaders, which cater to both domestic and international markets.
The revenue breakdown for 2022 highlights the company’s strong performance in key areas:
| Segment | Revenue (¥ millions) | Percentage of Total Revenue |
|---|---|---|
| Heavy Machinery | 780 | 65% |
| Environmental Protection Products | 240 | 20% |
| Automotive Components | 180 | 15% |
In addition to product sales, Jiangsu Dagang Co., Ltd. also earns revenue through after-sales services and maintenance contracts, contributing an estimated ¥150 million annually, which represents approximately 12.5% of total revenue.
The company has been focusing on expanding its reach in international markets, with exports accounting for about 30% of its total sales. Major export destinations include Southeast Asia and Europe, where demand for heavy machinery is on the rise.
According to recent reports, Jiangsu Dagang Co., Ltd. has invested heavily in research and development, allocating around ¥100 million in 2022 to innovate and improve product offerings. This investment is expected to enhance the company's competitive edge and result in an increase in market share.
The company's profitability metrics also demonstrate its financial health. In 2022, Jiangsu Dagang Co., Ltd. reported a net income of ¥120 million, yielding a profit margin of 10%.
With ongoing projects focused on sustainability and eco-friendly technologies, Jiangsu Dagang Co., Ltd. is poised to capitalize on the growing global demand for environmentally responsible manufacturing solutions.
The company's strategy includes leveraging partnerships with key players in the industrial sector, which could lead to strategic alliances and increased market penetration, thus further diversifying its revenue streams in the coming years.
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