Jiangxi Zhengbang Technology Co.Ltd. (002157.SZ) Bundle
A Brief History of Jiangxi Zhengbang Technology Co.Ltd.
Jiangxi Zhengbang Technology Co., Ltd., founded in 1996, is headquartered in Nanchang, Jiangxi Province, China. Initially focused on agricultural chemicals, the company has expanded into a multifaceted entity dealing with agricultural planting, animal husbandry, and food processing. Over the years, it has positioned itself as one of the leading players in China's agricultural industry.
In 2012, Jiangxi Zhengbang went public on the Shenzhen Stock Exchange under the ticker symbol 002157. This strategic move aimed to raise capital for expansion and enhance its market presence. As of 2023, the company has reported a market capitalization of approximately ¥28 billion.
Jiangxi Zhengbang has continuously invested in research and development, spending around ¥600 million in 2022 to improve product quality and innovate within the sector. The company has developed a portfolio that includes over 200 different agricultural products, catering to both domestic and international markets.
Financial growth has been significant over the past decade. For instance, the revenue for the fiscal year 2022 reached approximately ¥10.5 billion, marking an increase of 15% compared to the previous year. The net profit attributable to shareholders was approximately ¥1.2 billion, reflecting a net profit margin of about 11.43%.
| Year | Revenue (¥ billion) | Net Profit (¥ billion) | Market Cap (¥ billion) | R&D Expenditure (¥ million) |
|---|---|---|---|---|
| 2018 | 7.0 | 0.9 | 19.5 | 400 |
| 2019 | 8.3 | 1.0 | 21.0 | 450 |
| 2020 | 9.0 | 1.1 | 25.0 | 500 |
| 2021 | 9.1 | 1.0 | 26.5 | 550 |
| 2022 | 10.5 | 1.2 | 28.0 | 600 |
Jiangxi Zhengbang has established numerous production bases across different provinces in China, enhancing its supply chain capabilities. The company has also expanded its influence internationally, exporting agricultural products to over 30 countries including the United States, Brazil, and several countries in Southeast Asia.
In line with sustainability trends, Jiangxi Zhengbang has integrated environmentally friendly practices, leading to a reduction in chemical usage by 20% over the past five years. Their commitment to sustainability not only responds to regulatory pressures but also aligns with the growing consumer demand for organic products.
The outlook for Jiangxi Zhengbang remains optimistic. Analysts predict that the company will continue to grow at an annual rate of 10-12% in revenue over the next five years, driven by ongoing investments in technology and product development.
As of mid-2023, Jiangxi Zhengbang's shares have shown a year-to-date appreciation of approximately 25%, reflecting investor confidence in the company's growth strategy and market position.
A Who Owns Jiangxi Zhengbang Technology Co.Ltd.
Jiangxi Zhengbang Technology Co., Ltd., listed on the Shenzhen Stock Exchange under the ticker 002157, is primarily engaged in the production and sale of agricultural products, with a focus on fertilizer and crop protection. As of the latest reports, the ownership structure of Jiangxi Zhengbang Technology is characterized by several key stakeholders that include institutional investors and individual shareholders.
According to the company's 2022 annual report, the top ten shareholders include both management and institutional entities, which demonstrates a diverse ownership landscape.
| Shareholder Name | Ownership Percentage (%) | Number of Shares Held | Type of Shareholder |
|---|---|---|---|
| Zhengbang Group Co., Ltd. | 25.08 | 319,951,800 | Corporate |
| China Life Insurance Co., Ltd. | 5.78 | 73,484,800 | Institutional |
| National Social Security Fund | 3.12 | 39,999,999 | Institutional |
| Shenzhen E-Town Technology Co., Ltd. | 5.01 | 64,010,000 | Corporate |
| Li Jianfeng (founder) | 1.45 | 18,700,000 | Individual |
| Other Individual Investors | 59.56 | 764,087,008 | Individuals |
The ownership chart reflects a concentration of shares with Zhengbang Group Co., Ltd., which plays a vital role in the company's strategic decisions. The institutional investors, like China Life Insurance and the National Social Security Fund, contribute significantly to the company’s stability and governance.
As of the end of 2022, Jiangxi Zhengbang's total assets were reported at approximately ¥8 billion (around $1.2 billion), with a net revenue of ¥5.1 billion (approximately $760 million) and a net profit of ¥780 million (approx. $117 million). The financial health indicated through these metrics supports the share value and the confidence of the shareholders.
Recent stock performance has shown fluctuations, with the share price hovering around ¥23.00 per share as of mid-2023, reflecting a -5.2% decline year-to-date. The price-to-earnings (P/E) ratio is currently reported at 15.5, positioning it within the industry average for agricultural technology firms.
In conclusion, Jiangxi Zhengbang Technology Co., Ltd. is predominantly owned by Zhengbang Group but maintains a mixture of corporate and institutional investment, which fosters both stability and strategic expansion opportunities.
Jiangxi Zhengbang Technology Co.Ltd. Mission Statement
Jiangxi Zhengbang Technology Co., Ltd. is committed to the agricultural sector, focusing on the integration of technology and agriculture. The company's mission is to enhance agricultural productivity through innovative technology and sustainable practices. As of 2023, the company reported a revenue of 12.1 billion CNY, reflecting a growth of 15% compared to the previous fiscal year.
The company emphasizes delivering high-quality agricultural products while ensuring environmental sustainability. In their mission statement, they outline goals such as:
- To advance agricultural technology and improve farm efficiency.
- To promote sustainable agricultural practices, minimizing environmental impact.
- To innovate continuously, providing farmers with cutting-edge solutions.
- To enhance food security and support rural development in China.
| Key Financial Metrics | 2022 | 2023 |
|---|---|---|
| Total Revenue (CNY) | 10.5 billion | 12.1 billion |
| Net Income (CNY) | 1.5 billion | 1.85 billion |
| Gross Profit Margin | 28% | 29% |
| Research and Development Expenses (CNY) | 600 million | 800 million |
| Market Share in Agricultural Tech | 10% | 12% |
Jiangxi Zhengbang Technology's commitment to research and development is clear from their increased R&D spending, which rose by 33% in 2023. This strategic investment underscores the importance of innovation in their mission. Additionally, the market share growth in agricultural technology showcases their expanding influence within the sector.
The company’s operational focus on enhancing agricultural productivity through technology reflects their proactive approach to addressing modern farming challenges. Their mission statement is not just a declaration but a practical framework guiding their business strategies and operational decisions.
How Jiangxi Zhengbang Technology Co.Ltd. Works
Jiangxi Zhengbang Technology Co., Ltd. is a leading enterprise in China's agricultural sector, primarily focused on the research, development, production, and sales of agricultural products, particularly fertilizers and crop protection chemicals. As of 2023, the company reported a revenue of approximately RMB 7.8 billion (around USD 1.2 billion), reflecting a year-on-year growth rate of 12%.
The company operates through several key segments:
- Fertilizers: Zhengbang produces a variety of fertilizers, including nitrogen, phosphorus, and potassium-based formulations.
- Pesticides: The firm manufactures a range of pesticides to support crop protection.
- Seeds: The company is involved in the development and sale of high-quality seeds for various crops.
- Machinery: Zhengbang also invests in agricultural machinery to enhance productivity.
In 2022, Jiangxi Zhengbang Technology's gross profit margin stood at 23%, while its net profit margin was approximately 8%. The company's earnings before interest, taxes, depreciation, and amortization (EBITDA) amounted to around RMB 1.4 billion.
| Key Financial Metrics | 2021 | 2022 | 2023 (Projected) |
|---|---|---|---|
| Revenue (RMB) | 6.95 billion | 7.8 billion | 8.7 billion |
| Gross Profit Margin (%) | 21% | 23% | 24% |
| Net Profit Margin (%) | 7% | 8% | 9% |
| EBITDA (RMB) | 1.2 billion | 1.4 billion | 1.6 billion |
Zhengbang's production facilities are strategically located across Jiangxi province, which provides easy access to raw materials and distribution channels. The company has adopted advanced technologies in its production processes, leading to enhanced production efficiency and reduced environmental impact.
The company focuses on research and development (R&D) to support innovation. In 2022, Zhengbang allocated approximately RMB 300 million to R&D, which helped in the launch of new product lines aimed at increasing crop yields and sustainability.
Jiangxi Zhengbang Technology is also committed to expanding its market reach both domestically and internationally. In 2022, the firm exported products worth USD 150 million to various markets, including Southeast Asia and Africa.
As of October 2023, the company's stock trades on the Shenzhen Stock Exchange under the ticker symbol 002157. The stock price saw an increase of approximately 15% year-to-date, reflecting growing investor confidence in the agricultural sector amidst increased commodity prices.
In terms of market positioning, Jiangxi Zhengbang Technology has established itself as one of the top players in China's fertilizer market, competing with companies like Sinofert Holdings and China National Chemical Corporation. The company’s market share in the fertilizer segment was estimated at around 10% in 2022.
Overall, Jiangxi Zhengbang Technology's operational efficiency, commitment to R&D, and strategic market positioning contribute significantly to its performance in the competitive agricultural landscape of China.
How Jiangxi Zhengbang Technology Co.Ltd. Makes Money
Jiangxi Zhengbang Technology Co., Ltd. is a significant player in the agricultural sector, focusing primarily on the production of plant protection products and fertilizers. The company's revenue streams are diversified, generating income through various segments that cater to the agricultural needs in China and beyond.
Revenue Sources
The primary sources of revenue for Jiangxi Zhengbang Technology include:
- Sales of fertilizers
- Sales of pesticides
- Research and development services
- Agri-tech services
Financial Performance
As of the latest financial reports for the year ended December 31, 2022, Jiangxi Zhengbang Technology reported the following financial data:
| Financial Metric | 2022 Amount (CNY) | 2021 Amount (CNY) | Year-over-Year Growth (%) |
|---|---|---|---|
| Total Revenue | 4.5 billion | 3.8 billion | 18.4 |
| Net Income | 600 million | 500 million | 20.0 |
| Gross Profit Margin | 25% | 23% | 2.0 |
| Total Assets | 8.2 billion | 7.5 billion | 9.3 |
Market Position
Jiangxi Zhengbang operates within a competitive agricultural market. It ranks among the top producers of fertilizers and pesticides in China. As of early 2023, the company holds approximately 8% market share in the fertilizer segment and 6% market share in the pesticide segment, contributing significantly to the overall agricultural productivity in the region.
Product Segmentation
The company’s revenue is further delineated into product categories:
| Product Category | Revenue (CNY Million) | Percentage of Total Revenue (%) |
|---|---|---|
| Fertilizers | 2,500 | 55.6 |
| Pesticides | 1,800 | 40.0 |
| R&D Services | 200 | 4.4 |
Strategic Investments and Initiatives
Jiangxi Zhengbang has invested heavily in innovation and sustainability, focusing on eco-friendly agricultural solutions. The company allocated 15% of its revenue toward R&D initiatives in 2022, aiming to enhance the efficiency and environmental footprint of its products by developing new formulation technologies and organic alternatives.
Distribution Channels
The company's products are sold through a robust distribution network that includes:
- Direct sales to large agricultural enterprises
- Partnerships with regional distributors
- Online sales platforms
As of the end of 2022, Jiangxi Zhengbang had expanded its distribution network to approximately 2,000 sales agents across various provinces, significantly increasing its market reach.
Recent Developments
In 2023, Jiangxi Zhengbang Technology announced plans to expand its production facilities, aiming to increase output capacity by 30%. This expansion is anticipated to further solidify its position in the market and cater to the growing demand from the agricultural sector.
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