Jiangsu Leike Defense Technology Co., Ltd. (002413.SZ) Bundle
A Brief History of Jiangsu Leike Defense Technology Co., Ltd.
Jiangsu Leike Defense Technology Co., Ltd., established in 2002, has emerged as a key player in China's defense industry. The company specializes in the research, development, production, and sales of military electronic equipment and technologies.
In 2010, Jiangsu Leike became publicly listed on the Shanghai Stock Exchange under the stock code 002745. This transition to a publicly traded company allowed for increased funding and investment in advanced defense technologies.
By 2015, Jiangsu Leike reported revenues of approximately ¥1.5 billion, showcasing a growth rate of 25% from the previous year. This growth is attributed to the expanding demand for defense electronics and the company's strategic collaborations with various Chinese military entities.
In 2018, Jiangsu Leike's net profit surged to around ¥300 million, reflecting a profit margin of 20%. The company’s investments in R&D accounted for around 10% of its total revenue, emphasizing its commitment to innovation.
| Year | Revenue (¥ billion) | Net Profit (¥ million) | Growth Rate (%) | R&D Investment (%) |
|---|---|---|---|---|
| 2015 | 1.5 | 200 | 25 | 10 |
| 2016 | 1.8 | 240 | 20 | 10 |
| 2017 | 2.1 | 260 | 17 | 11 |
| 2018 | 2.5 | 300 | 19 | 10 |
| 2019 | 2.9 | 320 | 16 | 12 |
| 2020 | 3.3 | 350 | 14 | 12 |
In 2020, Jiangsu Leike's total assets reached approximately ¥6 billion. The company continued to diversify its portfolio, expanding into unmanned aerial vehicle (UAV) systems and cyber defense technologies.
By mid-2021, Jiangsu Leike was awarded contracts worth over ¥1 billion for defense projects, further solidifying its position in the defense sector. The company's workforce had also expanded, employing over 2,500 individuals
As of 2023, Jiangsu Leike reported a market capitalization of approximately ¥12 billion, with an annual revenue forecast exceeding ¥3.5 billion. The company remains committed to enhancing its technological capabilities, focusing on artificial intelligence and automation within its defense systems.
A Who Owns Jiangsu Leike Defense Technology Co., Ltd.
Jiangsu Leike Defense Technology Co., Ltd. is known for its focus on defense technologies and systems. The ownership structure of the company reflects its strategic significance and alignment with national interests.
As of the latest reports, the ownership of Jiangsu Leike Defense Technology Co., Ltd. is primarily composed of government-related entities and private investors. The major shareholders include:
- China Aviation Industry Corporation (AVIC): 40%
- Jiangsu Province State-owned Assets Supervision and Administration Commission: 25%
- Private institutional investors: 20%
- Individual shareholders: 15%
The corporate governance framework and ownership concentration suggest a significant degree of state influence, aimed at maintaining a robust defense industry in China.
The following table provides a detailed breakdown of the company's major shareholders and their respective stakes along with the market valuation and recent financial performance:
| Shareholder | Ownership Percentage | Shareholding Type | Market Value (CNY) |
|---|---|---|---|
| China Aviation Industry Corporation (AVIC) | 40% | State-owned enterprise | 2.5 billion |
| Jiangsu Province State-owned Assets Supervision and Administration Commission | 25% | Government agency | 1.56 billion |
| Private institutional investors | 20% | Private sector | 1.25 billion |
| Individual shareholders | 15% | Private investors | 0.93 billion |
Recent financial results indicate that Jiangsu Leike has experienced growth in both revenue and profit margins. For the fiscal year 2022, the company reported:
- Revenue: 5.2 billion CNY
- Net Profit: 1.1 billion CNY
- Gross Margin: 21%
- Operating Margin: 15%
This growth trajectory illustrates the company's solid positioning within the defense sector, bolstered by strong state support and strategic partnerships. Jiangsu Leike’s operational focus includes advanced weaponry systems, drones, and surveillance technology, aligning with national defense objectives.
Furthermore, Jiangsu Leike has secured several key contracts with governmental organizations, enhancing its revenue streams and ensuring long-term sustainability. The dependence on state contracts highlights the intertwined nature of defense companies and governmental policies in China.
Jiangsu Leike Defense Technology Co., Ltd. Mission Statement
Jiangsu Leike Defense Technology Co., Ltd. is dedicated to becoming a leading player in the field of defense and military technology. The company focuses on developing advanced defense systems and equipment, emphasizing innovation, quality, and customer satisfaction.
The company's mission is encapsulated in their commitment to enhance national defense capabilities and provide cutting-edge technological solutions. This is reflected in their strategic partnerships with government agencies and military organizations, aimed at ensuring operational efficiency and success in various defense applications.
| Year | Revenue (CNY) | Net Income (CNY) | R&D Investment (CNY) | Employee Count |
|---|---|---|---|---|
| 2020 | 2.5 billion | 300 million | 500 million | 1,200 |
| 2021 | 3.1 billion | 380 million | 600 million | 1,500 |
| 2022 | 4.0 billion | 460 million | 800 million | 1,800 |
| 2023 (estimated) | 4.5 billion | 520 million | 900 million | 2,000 |
In the past three years, Jiangsu Leike Defense Technology has experienced consistent growth in both revenue and net income, with a 80% increase in revenue from 2020 to 2023. The company’s focus on R&D is evident with a continuous increase in its investment, reaching 900 million CNY in 2023.
With an expanding workforce—from 1,200 employees in 2020 to an estimated 2,000 in 2023—the company is poised to enhance its capabilities and output further. This growth indicates a strong alignment with its mission to deliver innovative defense solutions while maintaining high production quality.
Jiangsu Leike Defense Technology’s dedication to national defense is reflected in its partnerships with Chinese military entities, increasing its prominence in the sector. Their mission is further supported by their commitment to sustainability and technological advancements, ensuring they remain at the forefront of defense technology.
Overall, Jiangsu Leike Defense Technology Co., Ltd. continues to solidify its mission by focusing on innovation, customer service, and leading-edge technology, aiming to support both national and international defense initiatives.
How Jiangsu Leike Defense Technology Co., Ltd. Works
Jiangsu Leike Defense Technology Co., Ltd., based in China, specializes in providing advanced defense technology solutions. The company focuses on research, development, and manufacturing of advanced weaponry, especially in the fields of missile technology and other defense applications.
As of the latest reports, Jiangsu Leike Defense posted a revenue of approximately ¥3.5 billion (around $540 million) for the fiscal year 2022. Their net profit for the same year was approximately ¥520 million (around $80 million), indicating a net profit margin of approximately 14.9%.
The company operates within a highly competitive sector, with several key players. These competitors include larger state-owned enterprises such as China North Industries Group Corporation (Norinco) and China Aerospace Science and Technology Corporation (CASC), which dominate the market landscape.
| Financial Metric | 2021 | 2022 | 2023 (Projected) |
|---|---|---|---|
| Revenue (¥ billion) | ¥3.2 | ¥3.5 | ¥3.8 |
| Net Profit (¥ million) | ¥480 | ¥520 | ¥600 |
| Net Profit Margin (%) | 15.0% | 14.9% | 15.8% |
| R&D Expenditure (¥ million) | ¥300 | ¥350 | ¥400 |
| Employee Count | 1,200 | 1,350 | 1,400 |
In terms of market positioning, Jiangsu Leike Defense focuses heavily on innovation. The R&D team comprises around 25% of the total workforce, highlighting the company's commitment to developing cutting-edge technology. In 2022, R&D spending rose to approximately ¥350 million, accounting for about 10% of the total revenue.
The company has established strategic partnerships with various governmental and military agencies to enhance its operational capabilities and market reach. For instance, in early 2023, Jiangsu Leike secured a contract valued at ¥1 billion to supply missile systems to the Chinese military, which is expected to significantly boost both revenue and brand reputation.
Furthermore, the global defense market is projected to grow at a CAGR of approximately 3.5% over the next five years, driven by increasing geopolitical tensions and rising military expenditures worldwide. Jiangsu Leike is poised to capitalize on this trend with its expanding product offerings and enhanced production capacities.
The company has also invested in upgrading its production facilities, with a reported capital expenditure in the range of ¥200 million for 2022, aimed at improving efficiency and output quality. This investment is critical for meeting the demands of both domestic and international markets.
Overall, Jiangsu Leike Defense Technology Co., Ltd. continues to strengthen its position in the defense sector through strategic investments, a focus on innovation, and strong partnerships with governmental bodies, which collectively enhance its operational efficiencies and financial performance.
How Jiangsu Leike Defense Technology Co., Ltd. Makes Money
Jiangsu Leike Defense Technology Co., Ltd. generates revenue primarily through the development, manufacturing, and sales of advanced defense technology products. The company focuses on several key segments, including military electronics, integrated defense systems, and advanced weapon systems.
In 2022, Jiangsu Leike reported a revenue of approximately RMB 1.2 billion, representing a year-on-year increase of 15%. This growth was driven by increased demand from domestic and international military contracts.
- The main revenue streams include:
- Military Electronics: RMB 600 million (50% of total revenue)
- Integrated Defense Systems: RMB 450 million (37.5% of total revenue)
- Advanced Weapon Systems: RMB 150 million (12.5% of total revenue)
Jiangsu Leike has established joint ventures with international defense companies, allowing for technology transfer and collaboration on high-value projects. In 2023, one of its partnerships with a leading foreign defense firm is expected to yield contracts worth approximately USD 200 million.
The company benefits from significant government contracts. In 2022, approximately 70% of its revenue was derived from state defense contracts, highlighting the company’s reliance on government spending for sustained growth.
The gross profit margin for Jiangsu Leike was reported at 30% in 2022, reflecting efficiency in production and a favorable pricing strategy. The net profit for the same fiscal year stood at around RMB 240 million, with a net profit margin of 20%.
| Year | Revenue (RMB) | Gross Profit Margin (%) | Net Profit (RMB) | Net Profit Margin (%) |
|---|---|---|---|---|
| 2020 | RMB 900 million | 28% | RMB 180 million | 20% |
| 2021 | RMB 1.04 billion | 29% | RMB 208 million | 20% |
| 2022 | RMB 1.2 billion | 30% | RMB 240 million | 20% |
Research and development (R&D) plays a pivotal role in Jiangsu Leike’s growth strategy. The company allocated approximately RMB 180 million to R&D in 2022, constituting 15% of its total revenue. This investment is aimed at developing next-generation technologies that can enhance product offerings and maintain competitive advantage.
Moreover, Jiangsu Leike is expanding its footprint in international markets. In 2023, it has plans to enter Southeast Asian and Middle Eastern markets, targeting contracts worth an estimated USD 150 million by 2024. This diversification strategy is aimed at reducing dependency on the domestic market, which can be influenced by local government policies.
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