Zhejiang Wanma Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Zhejiang Wanma Co., Ltd.

Zhejiang Wanma Co., Ltd. was established in 1984 and has grown to become a significant player in the cable and wire manufacturing sector. Headquartered in Zhuji City, Zhejiang Province, the company specializes in the production of a wide range of cables, including power cables, communication cables, and specialty cables.

By 2010, Wanma achieved a major milestone by being listed on the Shenzhen Stock Exchange (Stock Code: 002276). This move provided the necessary capital to expand production capabilities and enhance R&D efforts.

As of 2022, Zhejiang Wanma reported revenue of approximately CNY 10.21 billion, a substantial increase from CNY 8.9 billion in 2021. The net profit attributable to shareholders reached CNY 629 million in 2022, compared to CNY 580 million the previous year. This upward trend highlighted the company's ability to adapt to the evolving market dynamics.

Wanma's production facilities are equipped with advanced technology, and the company has invested heavily in automation, leading to increased efficiency. In 2023, their production capacity reached over 25 million kilometers of cable annually.

In terms of market share, Zhejiang Wanma has positioned itself among the top five manufacturers of wire and cable in China. The company has also made strides in international markets, exporting products to over 60 countries, including the United States, Canada, and several European nations.

The company has also been acclaimed for its commitment to sustainability. In recent years, Zhejiang Wanma has invested over CNY 200 million into green technology initiatives aimed at reducing the environmental impact of cable manufacturing.

Furthermore, Zhejiang Wanma has received various certifications, including ISO 9001 and ISO 14001, which underscore its commitment to quality and environmental management. In 2023, the company was acknowledged as one of the “Top 500 Manufacturing Enterprises” in China, highlighting its significant role within the industry.

Overall, Zhejiang Wanma's strategic focus on innovation, market expansion, and sustainability has established its reputation as a leader in the cable and wire manufacturing sector.

A Who Owns Zhejiang Wanma Co., Ltd.

Zhejiang Wanma Co., Ltd. is a publicly traded company specializing in wire and cable manufacturing. As of the latest available data, the ownership structure of Zhejiang Wanma is characterized by a combination of institutional investors, individual shareholders, and strategic stakeholders.

According to recent filings and reports, the major shareholders include:

• Wanma Group Co., Ltd.: The controlling shareholder with approximately 38.31% of the outstanding shares.
• Institutional Investors: Various institutional investors hold around 25% of the shares, including notable funds such as:
• China Life Insurance Company: 5.2%
• National Social Security Fund: 4.7%
• Individual Shareholders: Collectively, individual shareholders possess about 36.69% of the total shareholding.

The company is listed on the Shanghai Stock Exchange under the ticker symbol 600467. As of the latest stock price, Zhejiang Wanma Co., Ltd. shares are trading at approximately ¥12.45, reflecting a market capitalization of around ¥16.8 billion.

The company's financial performance has been strong, with a recent annual revenue reported at approximately ¥7.4 billion for the fiscal year ending 2022, which marked a year-over-year growth of 15%. The net profit attributable to shareholders was around ¥650 million, yielding a profit margin of approximately 8.8%.

Further, Zhejiang Wanma's return on equity (ROE) is reported at 12.5%, indicating efficient management of equity capital. The company's earnings per share (EPS) stands at ¥1.05 for the last reported period.

In the competitive landscape, Zhejiang Wanma has maintained a robust position in the market, leveraging its technology and manufacturing capabilities. Recent strategic moves include expanding production capacity and investing in research and development to enhance product offerings and meet growing market demand.

With a stable ownership structure and solid financial fundamentals, Zhejiang Wanma Co., Ltd. continues to be a significant player in the wire and cable industry.

Zhejiang Wanma Co., Ltd. Mission Statement

Zhejiang Wanma Co., Ltd. specializes in the manufacturing and distribution of cables and wires, serving a diverse range of sectors including power, telecommunications, and construction. The company is committed to delivering high-quality products that not only meet but exceed customer expectations. Their mission statement emphasizes innovation, sustainability, and customer service as core components of their business strategy.

The company’s mission can be summarized in three key areas:

• Innovation: Continuously advancing technology to enhance product offerings.
• Sustainability: Committing to environmentally friendly practices throughout their operations.
• Customer-Centricity: Focusing on long-term relationships with customers by providing exceptional service and support.

Financially, Zhejiang Wanma has demonstrated resilience and growth in an increasingly competitive marketplace. In 2022, the company reported revenues of approximately RMB 17 billion, an increase of 4% compared to the previous year. The gross profit margin stood at 19%, indicating healthy profitability in their core manufacturing operations.

Here’s an overview of the company’s recent financial performance:

The company has invested significantly in research and development, with R&D expenses reaching RMB 350 million in 2022, representing about 2% of total revenue. This investment supports their goal of producing advanced wire and cable solutions that meet emerging industry needs.

The commitment to sustainability is also reflected in their operations, with Zhejiang Wanma implementing energy-efficient manufacturing processes that reduced carbon emissions by 10% over the past year. Their efforts in corporate social responsibility (CSR) initiatives have earned them recognition in various industry awards, reinforcing their brand as a reliable and forward-thinking organization.

Zhejiang Wanma Co., Ltd. continues to navigate market challenges with agility, focusing on enhancing its competitive advantage through strategic investments in technology, a robust product portfolio, and unwavering customer support.

How Zhejiang Wanma Co., Ltd. Works

Zhejiang Wanma Co., Ltd. specializes in the manufacturing of electrical wires and cables, primarily focusing on household wiring and energy transmission products. Founded in 1994, the company has established itself as a significant player in the cable manufacturing industry in China. As of 2022, Zhejiang Wanma reported a revenue of approximately RMB 40 billion (around $6.2 billion), showcasing a growth trajectory consistent with the increasing demands for electrical infrastructure.

The company operates through various segments, including low-voltage cables, medium and high-voltage cables, and specialty cables. The breakdown of revenue by segment for the fiscal year 2022 is as follows:

In terms of production capacity, Zhejiang Wanma operates several manufacturing facilities across China, with a combined annual output capacity of over 300,000 tons of wire and cable products. The company invests significantly in research and development (R&D), with an annual R&D budget exceeding RMB 500 million to enhance product quality and to innovate new technologies.

Zhejiang Wanma’s distribution network spans both domestic and international markets. The company exports products to over 30 countries, including regions such as Europe, North America, and Southeast Asia. In the fiscal year 2022, international sales accounted for about 15% of total revenue.

The firm maintains a robust financial position, with total assets reported at approximately RMB 25 billion as of December 2022. The debt-to-equity ratio stands at 0.5, indicating a balanced approach to leveraging and capital management.

Moreover, Zhejiang Wanma has been recognized for its commitment to corporate social responsibility and sustainability. The company has adopted various energy-efficient practices in its production processes, aiming to reduce carbon emissions by 20% by 2025.

As of September 2023, Zhejiang Wanma’s stock prices are trading at approximately RMB 18 per share, with a market capitalization of around RMB 18 billion. The company has shown a solid return on equity (ROE) of 15%, reflecting its effective management and profitability.

Overall, Zhejiang Wanma Co., Ltd. employs a multifaceted approach to operate in the electrical cable sector, leveraging innovation, a strong distribution network, and a commitment to sustainability, which positions it favorably for future growth within the global market.

How Zhejiang Wanma Co., Ltd. Makes Money

Zhejiang Wanma Co., Ltd., a prominent player in the electrical wire and cable industry, generates its revenue primarily through the production and sale of various types of wires and cables, including but not limited to, power cables, communication cables, and automotive wires. The company capitalizes on the growing demand in both domestic and international markets, particularly as infrastructure projects expand and renewable energy initiatives gain momentum.

In 2022, Zhejiang Wanma reported a revenue of approximately RMB 7.5 billion, reflecting a year-over-year growth of 12%. This growth can be attributed to increased orders from both public infrastructure projects and private sector developments.

The company operates through several key segments:

• Power Cables
• Communication Cables
• Specialized Cables
• Automotive Wires

The sales distribution for these segments in 2022 was as follows:

In terms of export markets, Zhejiang Wanma has been expanding its footprint internationally, specifically focusing on Southeast Asia, Europe, and North America. In 2022, the company's export revenue contributed approximately RMB 1.5 billion to the total, representing growth of 15% compared to 2021.

Furthermore, Zhejiang Wanma invests significantly in research and development (R&D) to innovate and improve its product offerings. In 2022, the company allocated approximately RMB 200 million to R&D activities, focusing on developing environmentally friendly cables and enhancing production efficiency through automation.

The profitability of Zhejiang Wanma is also evident in its gross margin, which for 2022 stood at 18%, up from 16% in 2021. This improvement was driven by a combination of cost control measures and an increase in pricing power due to rising demand for quality products.

Overall, the combination of diversified product offerings, strategic market expansion, and robust R&D investment underpins how Zhejiang Wanma Co., Ltd. generates its revenue and maintains its competitive edge in the market.