Zhejiang Southeast Space Frame Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Zhejiang Southeast Space Frame Co., Ltd.

Zhejiang Southeast Space Frame Co., Ltd., established in 1993, specializes in the design, manufacture, and installation of space frame structures and related systems. The company has significant expertise in the field of steel structure engineering and has developed a reputation for innovation and quality over its operating history.

From its inception, Zhejiang Southeast has expanded its production capacity and technological capabilities. In 2001, the company launched its first major product, a series of space frame systems that gained traction in the domestic market. By 2005, the company reported sales revenue exceeding RMB 100 million.

The company went public on the Shenzhen Stock Exchange in 2011, under the ticker symbol 002067. This listing allowed it to raise capital for further expansion and technological advancements. In the same year, Zhejiang Southeast achieved an operating revenue of RMB 1.2 billion and net profits of RMB 100 million.

In 2015, Zhejiang Southeast invested in a new production facility in Hangzhou, significantly increasing its annual output capacity to over 200,000 tons of steel structures. This strategic investment was pivotal in solidifying its position as a market leader in the construction industry.

By 2020, the company reported revenues of approximately RMB 1.74 billion, with net profits reaching RMB 150 million. Its gross profit margin remained strong, indicating efficient management of production costs.

The table below illustrates key financial metrics over the years:

In recent years, Zhejiang Southeast has focused on expanding its international presence, successfully entering markets in Southeast Asia and the Middle East. The company has completed numerous significant projects, including large-scale stadiums and commercial complexes, demonstrating its capabilities in complex engineering tasks.

As of 2023, the company continues to explore innovation in construction technology, investing heavily in research and development. Its commitment to sustainability and high-quality building materials has bolstered its reputation in the industry, with a projected revenue growth rate of 10% annually over the next five years.

A Who Owns Zhejiang Southeast Space Frame Co., Ltd.

Zhejiang Southeast Space Frame Co., Ltd., a Chinese company specializing in the design and manufacture of space frame structures, has undergone several shifts in ownership and management over the years. As of the latest available data, the company is publicly traded on the Shanghai Stock Exchange with the stock code 002063.

The major shareholders of Zhejiang Southeast Space Frame Co., Ltd. include state-owned enterprises and private investors. According to the most recent reports, the largest single shareholder is Zhejiang Materials Industry Group Co., Ltd., holding a significant percentage of the company's shares.

As of the end of 2022, the shareholding structure is as follows:

The company’s total share capital is approximately 1.2 billion shares, with the public float comprising over 600 million shares. This distribution indicates a relatively high level of public participation compared to other industrial firms in China.

Financially, Zhejiang Southeast Space Frame recorded revenues of approximately CNY 5.8 billion in 2022, showing a growth of 12% from the previous fiscal year. The net profit attributable to shareholders for the same period stood at around CNY 650 million, representing a 8% increase year-over-year.

The annual earnings per share (EPS) for 2022 was reported at CNY 0.54, reflecting the company’s robust financial health and operational efficiency. Furthermore, the return on equity (ROE) for the company has been consistent, recorded at approximately 15.6% in the same period.

Market capitalization for Zhejiang Southeast Space Frame at the end of 2022 was estimated to be around CNY 9 billion, indicating its significant presence in the sector. The company is recognized for its commitment to innovation and quality, which has enhanced its competitive edge in the construction and manufacturing industry.

In recent years, the company has expanded its footprint internationally, with projects completed in various countries, and aims to increase its global market share. The ongoing development of infrastructure projects globally is expected to further drive growth for Zhejiang Southeast Space Frame.

Zhejiang Southeast Space Frame Co., Ltd. Mission Statement

Zhejiang Southeast Space Frame Co., Ltd. is positioned as a leading provider of space frame construction technology. The mission statement reflects its commitment to delivering innovative engineering solutions aimed at enhancing structural performance while reducing environmental impact.

The company focuses on high-quality steel structures, aiming to fulfill the growing demand in sectors such as transportation, energy, and urban construction. Their mission statement emphasizes principles such as sustainability, efficiency, and advanced technology integration.

In terms of financial performance, the company reported revenues of approximately RMB 4.2 billion in 2022, marking a growth of 15% from the previous year. The net profit for the same period was approximately RMB 450 million, up from RMB 390 million in 2021, reflecting a profit margin improvement to 10.7%.

To illustrate the company’s growth trajectory and market position, the following

The mission statement also includes a commitment to research and development, with approximately 5% of annual revenue allocated to technological advancements. This strategy is aimed at refining production processes and enhancing product quality.

In alignment with its mission, Zhejiang Southeast Space Frame Co., Ltd. has established partnerships with several key players in the construction and engineering sectors, which further solidifies its market presence. The company aims to expand its operations internationally, targeting markets in Southeast Asia and Europe, which have shown a rising demand for advanced construction solutions.

As of the latest report, the estimated market size of the global space frame structures market is projected to reach USD 27.1 billion by 2027, growing at a CAGR of 7.5%. Zhejiang Southeast Space Frame Co., Ltd. is poised to capture a significant share of this growth given its robust mission strategy focused on innovation and sustainability.

How Zhejiang Southeast Space Frame Co., Ltd. Works

Zhejiang Southeast Space Frame Co., Ltd., established in 1995, specializes in steel structures and space frame engineering. It focuses on the design, manufacturing, and installation of space frame structures, trusses, and various steel components. The company operates primarily within the construction and engineering sectors, serving both domestic and international markets.

In 2022, Zhejiang Southeast Space Frame reported revenues of approximately 1.5 billion CNY (around 220 million USD), showcasing a year-over-year growth of 12%. The company's consistent performance is attributed to its strong client base and expanding market reach.

The company's operations can be divided into three main segments: design and engineering, manufacturing, and installation. Each segment plays a critical role in delivering quality projects. Their production facilities utilize advanced technology and automation, notably enhancing efficiency in manufacturing space frames and supporting structures.

In 2023, Zhejiang Southeast Space Frame Company has invested around 200 million CNY in upgrading its manufacturing capabilities. This investment aims to enhance production capacity by 30%, allowing the company to meet growing demand. Their plant currently spans over 100,000 square meters and employs over 2,000 skilled workers.

The installation segment of Zhejiang Southeast Space Frame is crucial for ensuring proper execution of projects. The company has completed over 200 major projects, including stadiums, exhibition centers, and large-scale industrial buildings. In 2022 alone, they finalized contracts worth over 800 million CNY for both domestic and international clients.

With a strong emphasis on innovation, the company has developed several proprietary technologies, particularly in the realm of space frame design. Their designs have been applied in various high-profile projects, enhancing both aesthetics and structural integrity. The company's R&D expenditure for 2022 reached 70 million CNY, indicating a commitment to advancing their technological capabilities.

As of Q3 2023, the company has reported a backlog of orders valued at approximately 1 billion CNY, ensuring a steady stream of revenue for upcoming quarters. This backlog represents a combination of ongoing projects and newly awarded contracts, reflecting a robust demand for their offerings.

In terms of geographical operations, Zhejiang Southeast Space Frame primarily focuses on the Chinese market but is increasingly expanding its footprint in Southeast Asia and Africa. In 2022, international sales accounted for roughly 15% of total revenue, highlighting their growing international presence.

The company's stock performance has been solid, with shares trading at around 25 CNY as of October 2023. This represents an increase of approximately 20% year-to-date, driven by consistent earnings growth and positive market sentiment towards infrastructure development in China.

How Zhejiang Southeast Space Frame Co., Ltd. Makes Money

Zhejiang Southeast Space Frame Co., Ltd. primarily generates revenue through the design, manufacture, and installation of spatial structures and space frame systems. The company specializes in steel structures, offering a range of solutions for construction in various sectors including infrastructure, commercial, and industrial applications.

In the fiscal year 2022, Zhejiang Southeast Space Frame reported total revenue of approximately RMB 3.56 billion, showcasing a growth from RMB 3.24 billion in 2021, which represents an increase of 9.9%.

The revenue streams can be categorized as follows:

• Design and consultancy services: These services account for about 15% of total revenue.
• Manufacturing of space frame systems: This is the primary revenue driver, contributing 65% to the total revenue.
• Installation and project management: This segment contributes 20% to the overall revenue.

The company has established strategic partnerships with various construction firms, allowing it to compete effectively in large-scale projects. For instance, in 2022, it secured contracts worth RMB 1.1 billion from several high-profile infrastructure projects across China.

Additionally, Zhejiang Southeast Space Frame benefits from government initiatives aimed at promoting infrastructure development. The Chinese government's investment in urbanization has provided a favorable environment for the company’s projects. In 2022 alone, the government allocated approximately RMB 4 trillion for infrastructure spending, which directly augments the demand for Zhejiang Southeast Space Frame's offerings.

Below is a table illustrating the company's financial performance over the last three years:

The company has also invested in research and development, allocating approximately 8% of its revenue to R&D in 2022. This investment is aimed at enhancing the efficiency of their production processes and the quality of their products, which has resulted in a reduction of production costs over the past three years.

Moreover, Zhejiang Southeast Space Frame has expanded its geographical footprint, entering markets in Southeast Asia and Africa. This expansion is anticipated to drive further revenue growth, as these regions present substantial opportunities for infrastructure development. The company estimates that these new ventures could increase its revenue by an additional 20% within the next two years.

Overall, Zhejiang Southeast Space Frame Co., Ltd. continues to position itself as a leading player in the construction industry through strategic partnerships, government infrastructure investments, and a strong commitment to innovation and quality. The combination of these factors not only ensures financial stability but also enhances growth potential in emerging markets.