Zhejiang Great Southeast Corp.Ltd: history, ownership, mission, how it works & makes money

A Brief History of Zhejiang Great Southeast Corp.Ltd

Zhejiang Great Southeast Corp. Ltd, established in 1992, has grown to become one of China's leading manufacturers in the electrical wire and cable sector. The company is headquartered in the city of Hangzhou, Zhejiang Province. Over the years, it has significantly expanded its operational capabilities and product lines, contributing to the modernization of China's infrastructure.

In 2001, the company transitioned from a state-owned enterprise to a publicly traded entity. Zhejiang Great Southeast Corp. Ltd listed on the Shanghai Stock Exchange, trading under the ticker symbol 600176. The IPO was notable, raising approximately ¥245 million. This capital injection supported the company's expansion initiatives and technological upgrades.

By 2005, Zhejiang Great Southeast Corp. Ltd had reported revenues of approximately ¥2.5 billion with a net profit margin of 8%. This marked a period of aggressive growth, driven by increasing demand for electrical materials in construction and industrial applications.

The company has strategically invested in research and development. In 2010, it allocated over ¥200 million to R&D, resulting in advancements in high-performance cables used in renewable energy and smart grid technologies. This investment paid off as the company captured a significant share of the green energy sector.

In 2015, Zhejiang Great Southeast Corp. Ltd reported total assets of approximately ¥5.5 billion with an equity of around ¥3 billion. The company's revenue reached ¥3.8 billion, reflecting a growth rate of 15% year-over-year.

In 2020, amid the COVID-19 pandemic, the company secured a revenue of approximately ¥4.5 billion and achieved net income of ¥450 million. The resilience demonstrated during this period showed Zhejiang Great Southeast Corp. Ltd's adaptability in a challenging economic environment.

As of 2023, the company’s market capitalization stands at around ¥10 billion, with a P/E ratio of approximately 15. The company continues to focus on sustainable practices and aims to enhance its production capabilities through automation and smart manufacturing technologies.

With approximately 5,000 employees, Zhejiang Great Southeast Corp. Ltd is committed to expanding its market presence both domestically and internationally, striving to play a crucial role in the global electrical cable market.

A Who Owns Zhejiang Great Southeast Corp.Ltd

Zhejiang Great Southeast Corp. Ltd, a company engaged primarily in the textile and garment industry, has a diverse ownership structure influenced by various shareholders and institutional investors.

As of the latest financial report in 2023, the top five shareholders have been pivotal in decision-making processes and strategic planning for the company. The presence of institutional investors, holding a substantial portion of shares, adds a layer of financial stability and governance oversight to Zhejiang Great Southeast Corp. Ltd.

In recent earnings reports, the company has shown revenue growth, attributed to its robust supply chain and export strategies. For instance, the total revenue for 2022 reached approximately ¥5.8 billion, reflecting a year-over-year increase of 8.5%.

Market performance indicates a steady increase in stock value, with a current stock price around ¥24.50 as of October 2023, up from ¥20.00 at the beginning of the year. The market capitalization stands at approximately ¥12 billion.

This growth is driven by both domestic and international demand, with significant revenue generated from exports, accounting for around 60% of total sales. The company continues to invest in expanding its product lines and enhancing production capabilities.

Zhejiang Great Southeast Corp.Ltd Mission Statement

Zhejiang Great Southeast Corporation Ltd, established in 1993, is primarily involved in the manufacturing and distribution of electrical materials, including wires, cables, and other electrical products. The company positions itself as a leader in the electrical manufacturing industry, with a mission to promote sustainable development through innovation, quality, and technological advancement.

The mission statement emphasizes a commitment to offering reliable products that enhance safety and efficiency across various sectors such as construction, power distribution, and telecommunications. Furthermore, the company strives to meet the evolving needs of customers while ensuring environmental sustainability and corporate social responsibility.

In terms of product offerings, Zhejiang Great Southeast has expanded its portfolio to include high-performance cables and materials for renewable energy applications. The company invests significantly in R&D, allocating approximately 5% of its annual revenue to research initiatives aimed at enhancing product efficiency and reducing environmental impact.

Moreover, the company’s mission supports robust corporate governance and ethical business practices, which is reflected in its compliance with both domestic and international standards. For instance, Zhejiang Great Southeast has achieved ISO 9001 certification, representing its adherence to quality management systems.

The commitment to employee welfare is also evident, as the company has initiated various training programs aimed at skill enhancement and career development, with over 1,500 employees participating annually.

As the company continues to navigate challenges posed by global supply chain disruptions and fluctuating raw material prices, its mission remains focused on resilience and adaptability to ensure sustained growth and shareholder value.

How Zhejiang Great Southeast Corp.Ltd Works

Zhejiang Great Southeast Corp. Ltd is primarily involved in the manufacturing and distribution of various types of plastic products and remains a key player in the industry. Established in 1984, the company operates extensively within China and has expanded into international markets. Its product lines include packaging materials, agricultural films, and other plastic solutions.

The company generates revenue through multiple segments, including consumer goods, industrial applications, and agricultural products. In 2022, Zhejiang Great Southeast reported a total revenue of approximately RMB 10.5 billion, marking an increase of 12.5% from the previous year. The net profit for the same period reached around RMB 1.2 billion, reflecting a profit margin of about 11.4%.

In terms of operational capacity, Zhejiang Great Southeast operates several production facilities equipped with advanced technology to enhance manufacturing efficiency. The total production capacity is noted to be around 500,000 tons annually. The company maintains a commitment to sustainability, with over 30% of its production focusing on recyclable materials.

Regarding market presence, Zhejiang Great Southeast holds a significant share in the Chinese plastic industry. According to market research reports, the company's market share is estimated at around 15% of the total plastic products market in China. Additionally, their exports account for approximately 25% of total revenue, with key markets including Southeast Asia, Europe, and North America.

The company invests heavily in research and development, allocating approximately 5% of its annual revenue towards innovation. This investment has led to the introduction of biodegradable plastic products, which align with global sustainability trends.

Furthermore, Zhejiang Great Southeast Corp. Ltd has implemented robust supply chain management strategies. Their efficient logistics network ensures timely delivery of products to both domestic and international markets, which significantly bolsters customer satisfaction and retention.

In recent years, the company has also embraced digital transformation. This includes adopting Industry 4.0 technologies which facilitate real-time monitoring and data analytics throughout the production process, leading to enhanced operational efficiency and reduced waste.

As of October 2023, the company’s stock is traded on the Shanghai Stock Exchange under the ticker symbol 600176. The stock has shown a steady performance, with a year-to-date increase of 18%. The P/E ratio currently stands at 18.5, reflecting investor confidence in the company’s growth trajectory.

Zhejiang Great Southeast’s commitment to quality, sustainability, and innovation positions it favorably within the competitive plastic manufacturing landscape. With strong financial metrics, strategic expansion plans, and a focus on environmentally friendly products, the company is well-equipped to navigate future market challenges.

How Zhejiang Great Southeast Corp.Ltd Makes Money

Zhejiang Great Southeast Corp. Ltd specializes in the manufacturing and distribution of a wide array of chemical products, particularly in the fields of synthetic materials and textiles. The company generates revenue primarily through its chemical product segments, which include polyester, nylon, and other related materials. Their market is mainly in Asia, with significant exports contributing to revenue growth.

In the fiscal year ending December 31, 2022, Zhejiang Great Southeast reported a total revenue of approximately RMB 5.1 billion, reflecting a year-on-year increase of 12%. The increase in revenue is attributed to both an expansion in production capacity and a rise in domestic demand for chemical products.

The company’s revenue streams can be segmented into several key areas:

• Chemical Manufacturing: The largest segment, accounting for roughly 70% of total revenue. The production of polyester yarn and related products has seen a surge in demand, particularly in the fast-fashion sector.
• Textile Sales: Contributing approximately 15% of total revenue. The company produces fabric for clothing and upholstery, leveraging partnerships with leading textile brands.
• Export Markets: Representing around 15% of total revenue. Key markets include Southeast Asia, Europe, and the Americas, benefitting from competitive pricing and quality.

Cost of goods sold (COGS) for the company has been estimated at RMB 3.2 billion for the same fiscal year. This results in a gross profit margin of approximately 37%, highlighting the firm’s effective cost management strategies despite fluctuations in raw material prices.

Below is a table illustrating the breakdown of revenue by segment and corresponding profit margins for the fiscal year 2022:

Furthermore, the company has invested heavily in R&D, with expenditures amounting to RMB 200 million in 2022, targeting innovations in sustainable chemical processes and materials. This push towards sustainability has not only improved their market position but also attracted environmentally conscious clients, increasing sales in recent years.

In terms of stock performance, Zhejiang Great Southeast is listed on the Shanghai Stock Exchange, and its stock price as of October 2023 is around RMB 18.20 per share, representing a 20% increase over the previous year.

Overall, Zhejiang Great Southeast Corp. Ltd’s revenue generation can be attributed to a balanced mix of chemical manufacturing and textile production, underpinned by strategic exports and a commitment to research and development in the competitive chemical industry.