Jiangsu Yoke Technology Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Jiangsu Yoke Technology Co., Ltd.

Founded in 1996, Jiangsu Yoke Technology Co., Ltd. specializes in manufacturing and selling various types of electric power equipment and components. The company's headquarters is located in Jiangsu Province, China. Over the years, Yoke has established itself as a key player in the electric equipment sector, particularly in the production of transformer components, insulation materials, and special wires.

By 2002, Jiangsu Yoke Technology transitioned from a small enterprise to a public company. The company was listed on the Shenzhen Stock Exchange under the ticker symbol “002251” in February 2010, raising approximately ¥1.5 billion to support its expansion plans and R&D efforts.

From 2015 to 2020, Jiangsu Yoke Tech reported consistent revenue growth, with a reported revenue of ¥1.8 billion in 2015, escalating to ¥3.2 billion in 2020. This phase marked a significant enhancement in its market position and operational capacity.

In 2021, Jiangsu Yoke further diversified its product line, releasing new environmentally friendly insulation materials. The segment contributed to a notable increase in revenue, with net profit soaring to ¥580 million, a rise of 25% year-on-year.

As of 2023, Jiangsu Yoke Technology Co., Ltd. has expanded its international footprint, exporting to over 50 countries, including the United States, Germany, and India. The company reported an impressive total asset value of ¥6 billion with a market capitalization of approximately ¥15 billion.

By focusing on R&D and adapting to market trends, Jiangsu Yoke has significantly ramped up production capabilities and established a robust distribution network. The company's commitment to quality and innovation continues to attract partnerships and enhance its competitive edge within the electric equipment industry.

A Who Owns Jiangsu Yoke Technology Co., Ltd.

Jiangsu Yoke Technology Co., Ltd. is a publicly traded company listed on the Shenzhen Stock Exchange under the ticker symbol 002789. As of the latest financial reports and disclosures, the ownership structure reflects a diverse range of stakeholders, including institutional investors, private shareholders, and executives.

As of October 2023, the largest shareholder of Jiangsu Yoke Technology is the company's founder, Mr. Zhang Yao, who holds approximately 25.8% of the total shares. His role as the Chairman of the Board has been crucial in steering the company’s strategic direction and growth.

The institutional ownership is significant, with major investment firms holding sizeable stakes. The table below summarizes the key shareholders and their respective ownership percentages:

The company's market capitalization as of October 2023 is approximately ¥8.6 billion (around $1.3 billion), reflecting its robust position in the technology sector, particularly in the fields of robotics and intelligent equipment manufacturing.

Additionally, Jiangsu Yoke Technology has shown a substantial increase in revenue, reported at ¥1.2 billion for the last fiscal year, representing a year-on-year growth of 15%. The company is also known for its participation in government projects and partnerships with other tech firms, which bolster its market presence.

In terms of stock performance, the share price has fluctuated between ¥30 and ¥40 over the past year, influenced by market trends and the company's operational decisions. Its price-to-earnings (P/E) ratio stands at 22.5, which is relatively attractive compared to the industry average of 25.

The company's strategic focus on innovation and expansion in automation technologies, along with its solid shareholder foundation, positions it well for future growth in the competitive tech landscape.

Jiangsu Yoke Technology Co., Ltd. Mission Statement

Jiangsu Yoke Technology Co., Ltd. focuses on innovative and high-quality equipment manufacturing, primarily in the fields of automation, precision machinery, and technology solutions. The company's mission statement articulates its commitment to providing advanced technologies and high-level services that empower industries and enhance production efficiency.

The mission is underpinned by several strategic pillars:

• Innovation: Commitment to research and development, ensuring cutting-edge solutions.
• Quality: Maintaining the highest standards in product and service delivery.
• Customer-focus: Tailoring solutions to meet specific client needs.
• Sustainability: Supporting eco-friendly practices in manufacturing processes.

In the fiscal year ending December 31, 2022, Jiangsu Yoke Technology reported revenues of approximately ¥1.35 billion, signifying a year-over-year growth of 15%. The gross profit margin stood at approximately 28%.

Analysis of the company’s market position reveals its investment in R&D, which accounted for roughly 10% of total revenue in 2022, reflecting a robust commitment to innovation. The company employs over 1,200 individuals, enhancing its capacity for operational excellence.

In terms of market share, Jiangsu Yoke Technology has captured approximately 12% of the domestic automation equipment market as of 2023. The competitive landscape is characterized by rapid technological advancements and evolving customer demands, positioning Jiangsu Yoke Technology to leverage its mission to foster growth and innovation.

The company's strategic vision extends to international markets, with plans to increase exports by targeting regions such as Southeast Asia and Europe, anticipating a growth rate of 20% in export sales by 2025.

Overall, Jiangsu Yoke Technology Co., Ltd. aims to set industry benchmarks through its mission of enhancing industrial productivity, fostering sustainable practices, and driving innovation in equipment manufacturing.

How Jiangsu Yoke Technology Co., Ltd. Works

Jiangsu Yoke Technology Co., Ltd., a publicly traded company listed on the Shanghai Stock Exchange under the ticker 688328, specializes in the development, production, and sales of advanced manufacturing solutions. The company serves various industries, including automotive, aerospace, and electronics.

As of 2023, Jiangsu Yoke reported a revenue of approximately RMB 1.6 billion (around USD 245 million), marking a year-over-year growth of 15% from the previous year. Their net profit for the same period was around RMB 200 million (approximately USD 30 million), indicating an increase of 10% compared to 2022.

The company’s operational efficiency is noteworthy, with a gross margin of 28% and operating margin of 12%. Yoke Technology has invested heavily in research and development, dedicating around RMB 160 million (USD 24 million), which represents roughly 10% of its total revenue.

Jiangsu Yoke's product portfolio includes precision machinery, custom automation solutions, and critical components for manufacturing systems. The company is recognized for its innovative equipment, which enhances productivity and efficiency across various sectors. Recent contracts with major automotive manufacturers have solidified its position in that industry.

The firm has also been expanding its global reach. Approximately 30% of its sales in 2023 came from international markets, with significant growth in North America and Europe. Their strategy involves forming partnerships with local distributors to enhance market penetration.

Financial health is reflected in Jiangsu Yoke's balance sheet, showcasing total assets of about RMB 2.5 billion and a debt-to-equity ratio of 0.5, indicating a strong capital structure. Current assets are around RMB 700 million, providing a comfortable liquidity position with a current ratio of 2.5.

In terms of stock performance, as of Q3 2023, Jiangsu Yoke's shares have appreciated approximately 18% year-to-date, reflecting strong investor confidence and market traction. The company's market capitalization stands at about RMB 5 billion (USD 770 million).

Overall, Jiangsu Yoke Technology Co., Ltd. leverages cutting-edge technology and robust financial management to drive growth and remain competitive in the advanced manufacturing sector.

How Jiangsu Yoke Technology Co., Ltd. Makes Money

Jiangsu Yoke Technology Co., Ltd. operates primarily in the precision manufacturing sector, focusing on the production of high-performance electrical connectors and related products. The company generates revenue through multiple channels, including sales of connectors, contract manufacturing, and service agreements.

As of the latest financial reports, Jiangsu Yoke reported a revenue of ¥4.2 billion for the fiscal year 2022, reflecting a year-over-year increase of 12% from the previous year. The company's gross profit margin stands at 35%, highlighting its effective cost management strategies.

Revenue streams are categorized as follows:

• Product Sales: The bulk of revenue, approximately 75%, comes from direct sales of electrical connectors to various industries, including automotive, telecommunications, and consumer electronics.
• Contract Manufacturing: About 20% of the revenue is derived from manufacturing services for third-party companies, which includes producing components based on specific client requirements.
• Services and Maintenance: The remaining 5% is generated from after-sales services, including maintenance and replacement of parts, ensuring long-term client relationships.

The company has a robust market presence, serving over 500 clients globally. Major sectors contributing to its sales include:

In terms of geographical distribution, Jiangsu Yoke's revenue is primarily generated from the following regions:

The company has made significant investments in research and development, amounting to ¥300 million in 2022, representing 7% of total revenue. This investment is aimed at innovating new products and enhancing manufacturing processes to maintain a competitive edge.

Financially, Jiangsu Yoke Technology has maintained a strong position, with an operating income of ¥1.05 billion in 2022, translating to an operating margin of 25%. Additionally, net income reached ¥800 million, reflecting a net profit margin of 19%.

As of the latest stock performance, Jiangsu Yoke is listed on the Shenzhen Stock Exchange with a market capitalization of approximately ¥20 billion. The stock has shown resilience, with a year-to-date increase of 15%, outperforming many of its peers in the manufacturing sector.

In summary, Jiangsu Yoke Technology Co., Ltd. leverages its diverse revenue streams, strong client relationships, and investment in innovation to drive profitability and growth within the competitive landscape of precision manufacturing.