Zhejiang Yongtai Technology Co.,Ltd. (002326.SZ) Bundle
A Brief History of Zhejiang Yongtai Technology Co.,Ltd.
Zhejiang Yongtai Technology Co., Ltd. was established in 1995 and is headquartered in Zhejiang Province, China. The company specializes in the production and development of high-performance rubber and plastic products for various applications, particularly in the automotive and electronics sectors.
In 2010, Yongtai was listed on the Shenzhen Stock Exchange under the stock code 002132. This move allowed the company to increase its capital for expansion and to enhance its competitive position in the market.
By 2015, Yongtai's annual revenue reached approximately 1.5 billion RMB, reflecting a steady growth trajectory. The company's focus on innovative materials and technological advancements contributed to a compound annual growth rate (CAGR) of around 10% from 2010 to 2015.
In 2018, Zhejiang Yongtai Technology expanded its product offerings by entering the thermal insulation materials segment, which was a strategic move to diversify its revenue streams. The revenue from thermal insulation products alone was reported to be 200 million RMB in the first year.
In the fiscal year 2020, Yongtai Technology reported net revenues of 2.2 billion RMB. The net profit attributable to shareholders surged by 35% year-over-year to reach 300 million RMB.
The company’s performance in 2021 showed continued resilience, with reported revenues of 2.5 billion RMB. The net profit also rose, reaching 350 million RMB, driven largely by overseas market expansion and increased demand for its eco-friendly products.
| Year | Revenue (RMB) | Net Profit (RMB) | CAGR (%) |
|---|---|---|---|
| 2015 | 1.5 billion | N/A | 10% |
| 2018 | N/A | 200 million (thermal insulation) | N/A |
| 2020 | 2.2 billion | 300 million | N/A |
| 2021 | 2.5 billion | 350 million | N/A |
As of October 2023, the company continues to invest heavily in research and development, aiming to increase its capabilities in smart manufacturing and automation technologies. The projected revenue for 2023 is estimated at 2.8 billion RMB, with a targeted net profit of 400 million RMB.
Furthermore, Yongtai Technology has established various partnerships with global players in the automotive sector, facilitating its entry into international markets. This expansion is expected to enhance its brand presence and drive further growth.
A Who Owns Zhejiang Yongtai Technology Co.,Ltd.
Zhejiang Yongtai Technology Co., Ltd. is a publicly traded company listed on the Shenzhen Stock Exchange under the ticker symbol 002326. As of the latest available data, the company has a market capitalization of approximately ¥24.56 billion (around $3.58 billion USD). The company specializes in the production of industrial chemicals, including flame retardants and additives.
Major Shareholders
Ownership of Zhejiang Yongtai Technology Co., Ltd. is characterized by a mix of institutional and individual investors. The most significant shareholders include:
| Shareholder Name | Ownership Percentage | Type of Investor | Number of Shares |
|---|---|---|---|
| Yongtai Holdings Group Co., Ltd. | 25.45% | Institutional | 360 million |
| Shanghai Yuyuan Tourism Commercial Group Co., Ltd. | 10.12% | Institutional | 143 million |
| China Life Asset Management Co., Ltd. | 5.87% | Institutional | 83 million |
| Li Zhaohua | 3.46% | Individual | 49 million |
| Other Public Investors | 55.10% | Public | 795 million |
Shareholder Dynamics
The largest shareholder, Yongtai Holdings Group Co., Ltd., is a leading entity in the chemical industry, having a strategic role in guiding the company’s direction. The second-largest shareholder, Shanghai Yuyuan Tourism Commercial Group Co., Ltd., provides significant financial backing, further enhancing company capabilities.
In recent years, the company has experienced fluctuations in its stock performance. As of the end of Q3 2023, the stock price was approximately ¥34.50, reflecting a year-to-date increase of 15.6%. This growth is largely attributed to rising demand for the company’s products in both domestic and international markets.
Financial Performance
For the fiscal year ending December 2022, Zhejiang Yongtai Technology Co., Ltd. reported a revenue of ¥7.85 billion (about $1.14 billion USD), with a net profit of ¥1.05 billion (roughly $153 million USD). The EBITDA margin stood at 13.4%, indicating a stable financial position amid market fluctuations.
The company's recent quarterly earnings report for Q3 2023 highlighted a revenue growth of 12% year-over-year, demonstrating the resilience of its operational strategy.
Conclusion on Ownership Composition
Overall, Zhejiang Yongtai Technology Co., Ltd. has a diversified ownership structure, with significant institutional investors playing a key role. The combination of strategic management from major shareholders and robust financial performance positions the company well for future growth.
Zhejiang Yongtai Technology Co.,Ltd. Mission Statement
Zhejiang Yongtai Technology Co., Ltd., established in 1999, operates primarily within the textile and dyeing industry. The company is renowned for its commitment to innovation, sustainability, and customer satisfaction. Its mission statement emphasizes the importance of leading in technology while adhering to environmental protection. Yongtai aims to enhance the quality of life through its products and practices.
The company integrates advanced technology and sustainable practices, positioning itself as a leader in intelligent manufacturing. Yongtai focuses on producing high-quality textile products, maintaining strong relationships with clients, and contributing positively to society.
| Year | Revenue (RMB Million) | Net Profit (RMB Million) | Total Assets (RMB Million) | Market Cap (RMB Million) |
|---|---|---|---|---|
| 2020 | 3,200 | 450 | 1,500 | 5,000 |
| 2021 | 4,200 | 600 | 1,800 | 6,500 |
| 2022 | 5,000 | 720 | 2,200 | 8,000 |
| 2023 (Q3) | 3,800 | 500 | 2,500 | 7,500 |
The mission statement of Zhejiang Yongtai Technology Co., Ltd. encapsulates its commitment to innovation and market leadership. The company aims to leverage cutting-edge technology in textile manufacturing while prioritizing sustainable practices. In 2022, the company achieved a revenue of RMB 5 billion, representing a year-on-year growth driven by its strategic investments in technology and operational efficiency.
Yongtai's focus on environmental sustainability is reflected in its initiatives to reduce carbon emissions and water usage in its production processes. In 2021, the company reported a 30% reduction in water consumption compared to 2019 levels, aligning with global sustainability goals.
In terms of product offerings, Zhejiang Yongtai Technology specializes in high-performance textiles, including functional fabrics and eco-friendly dyeing solutions. The company's dedication to research and development is evident, with approximately 5% of its annual revenue allocated to R&D activities.
Furthermore, Yongtai emphasizes customer satisfaction and aims to provide top-notch products and services tailored to client needs. The company's customer base includes major brands in the apparel and home textiles sectors, contributing to a strong competitive edge in the market.
How Zhejiang Yongtai Technology Co.,Ltd. Works
Zhejiang Yongtai Technology Co., Ltd., established in 2001, specializes in the production of various chemicals, especially in the fields of dyes and pigments. The company operates within the chemical and textile industries, focusing on sustainable development and advanced technology applications.
The company's product lines include a wide range of organic dyes, pigment preparations, and specialty chemicals. As of 2023, Zhejiang Yongtai reported revenues of approximately RMB 1.85 billion (around $290 million), representing a year-over-year growth rate of 12%.
| Financial Indicator | 2021 | 2022 | 2023 (Estimated) |
|---|---|---|---|
| Revenue (RMB) | 1.65 billion | 1.65 billion | 1.85 billion |
| Net Income (RMB) | 150 million | 170 million | 190 million |
| Gross Margin (%) | 28% | 30% | 31% |
| Operating Margin (%) | 20% | 22% | 23% |
| Debt-to-Equity Ratio | 0.45 | 0.50 | 0.48 |
In terms of market presence, Zhejiang Yongtai Technology is strategically positioned to cater to both domestic and international markets. The company exports its products to over 50 countries, with Europe, North America, and Southeast Asia being key markets.
The company has made significant investments in research and development, contributing to approximately 5% of total revenue, with funding exceeding RMB 100 million annually. This investment supports innovations in environmentally friendly dyeing processes and optimization of chemical formulations.
- Product Diversity:
- Reactive Dyes
- Acid Dyes
- Disperse Dyes
- Specialty Chemicals
- Key Clients:
- Textile Manufacturers
- Paint and Coating Companies
- Paper Production Firms
The firm emphasizes sustainable practices, adhering to strict environmental regulations. As of 2023, Zhejiang Yongtai has reduced its carbon emissions by 15% since 2020, aligning with global standards for chemical manufacturing.
On the stock market, Zhejiang Yongtai is listed on the Shenzhen Stock Exchange under the ticker symbol 002326. The stock has exhibited strong performance, with a market capitalization of approximately RMB 8 billion (around $1.25 billion) as of October 2023.
In recent years, Zhejiang Yongtai aims to expand its production capacity by opening a new manufacturing facility by 2024, which is expected to increase output by 30% and further enhance its competitive position in the market.
Through strategic partnerships and a commitment to quality and innovation, Zhejiang Yongtai Technology Co., Ltd. strives to enhance its operational efficiency while meeting the evolving demands of the global market.
How Zhejiang Yongtai Technology Co.,Ltd. Makes Money
Zhejiang Yongtai Technology Co., Ltd., established in 1993, is primarily engaged in the production of specialty chemical products. The company generates revenue through various segments, including dyes and chemicals, polyester materials, and other chemical products.
Revenue Breakdown
As of the latest fiscal year ending December 31, 2022, Zhejiang Yongtai reported total revenue of approximately RMB 6.3 billion, reflecting a year-on-year increase of 8.5%. The revenue distribution across its key segments is as follows:
| Segment | Revenue (RMB billion) | Percentage of Total Revenue (%) |
|---|---|---|
| Dyes and Chemicals | 3.5 | 56% |
| Polyester Materials | 2.0 | 32% |
| Other Chemical Products | 0.8 | 12% |
Dyes and Chemicals Segment
The dyes and chemicals segment remains the largest contributor to Zhejiang Yongtai's revenue, primarily producing reactive dyes, disperse dyes, and other specialty chemicals. In 2022, this segment generated approximately RMB 3.5 billion in sales. This increase can be attributed to the growing demand in textile production and a recovery in global markets post-COVID.
Polyester Materials Segment
The polyester materials segment, accounting for 32% of total revenue, has also shown growth, reaching around RMB 2.0 billion in 2022. The company focuses on high-performance polyester fibers, which are increasingly used in various industries, including automotive, construction, and textiles.
Other Chemical Products
Other chemical products, encompassing surfactants and additives, contributed about RMB 0.8 billion or 12% of total revenue. This diversification allows Yongtai to mitigate risks associated with fluctuations in any single product category.
Cost Structure
The cost of goods sold (COGS) represents a significant portion of operating expenses. For 2022, COGS was reported at RMB 5.0 billion, leading to a gross profit margin of 20%. Key components of the cost structure include raw materials, labor, and production overhead.
Profitability Metrics
Yongtai's operating income for 2022 was approximately RMB 1.3 billion, resulting in an operating margin of 20.6%. Net profit attributable to shareholders amounted to RMB 900 million, translating to a net profit margin of 14.3%.
Market Trends
The company benefits from trends towards sustainability and eco-friendly products, influencing its product development strategy. In recent years, the adoption of bio-based raw materials has been integrated into production processes, aligning with global environmental standards.
Geographical Revenue Distribution
The geographical breakdown of revenue shows a strong performance in both domestic and international markets:
| Region | Revenue (RMB billion) | Percentage of Total Revenue (%) |
|---|---|---|
| Domestic (China) | 4.0 | 63% |
| International | 2.3 | 37% |
International sales have been bolstered by expanding markets in Southeast Asia and Europe, capitalizing on the region's demand for quality chemical products.
Future Outlook
Looking ahead, Zhejiang Yongtai Technology Co., Ltd. plans to increase its investment in research and development to enhance product quality and diversify its offerings. The goal is to achieve an annual growth rate of 10% - 15% in revenue over the next five years, driven by innovations in specialty chemicals and sustainable product lines.
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