Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.

Founded in 2000, Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. is a prominent player in the polymer industry, specializing in the production of color masterbatches. The company is located in Yangzhou, Jiangsu Province, China.

By 2008, Shuangxing began positioning itself in the global market, exporting its products to over 30 countries. In 2011, the company reported revenue of approximately RMB 400 million, reflecting robust growth as demand for its eco-friendly materials surged.

In 2015, Jiangsu Shuangxing expanded its production capabilities, investing over RMB 50 million in advanced manufacturing technology and equipment. This investment increased their production capacity to over 30,000 tons annually.

The company’s commitment to sustainability is evident; in 2016, it launched a new line of biodegradable color masterbatches, contributing to the global effort to reduce plastic waste. By 2018, these products accounted for over 20% of total sales.

In the latest financial year, 2022, Jiangsu Shuangxing reported a total revenue of RMB 600 million, with a net profit margin of 8%. The production capacity has reached 40,000 tons, showcasing the company's growth trajectory.

As of 2023, Jiangsu Shuangxing actively engages in research and development, allocating approximately 10% of its annual revenue towards innovative solutions in color plastic materials. The company aims to further enhance its market share both domestically and internationally.

The success of Jiangsu Shuangxing is reflected in its advancements in technology, customer satisfaction, and a commitment to sustainable practices, all while steadily increasing its financial performance over the past two decades.

A Who Owns Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.

Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. is primarily known for its production of various plastic materials, including plastic sheets and other related products. The company is publicly traded under the stock symbol 002395 on the Shenzhen Stock Exchange. As of October 2023, it reported a market capitalization of approximately ¥4.08 billion.

The main shareholders of Jiangsu Shuangxing can be divided into several categories, including significant institutional investors, company founders, and other stakeholders. The largest shareholder is often the company founder or a family member, holding a substantial portion of shares, which reflects their continued influence in the company's operations and strategic direction.

In the most recent financial report for the year 2022, Jiangsu Shuangxing reported total revenue of ¥1.2 billion, marking a growth of 15% compared to the previous year. The net profit attributable to shareholders was approximately ¥90 million, up from ¥78 million in 2021. The company has maintained a healthy balance sheet with a debt-to-equity ratio of 0.29 as of Q3 2023.

In terms of stock performance, Jiangsu Shuangxing's shares have seen fluctuations over the past 12 months, with a 52-week high of ¥48.50 and a low of ¥30.12. As of October 2023, the stock is trading around ¥39.80, indicating a 22% decline from its peak.

Overall, the ownership structure of Jiangsu Shuangxing reflects a blend of significant insider control alongside public participation, positioning the company for both stability and potential growth in the competitive plastic materials market.

Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. Mission Statement

Jiangsu Shuangxing Color Plastic New Materials Co., Ltd., established in 2004, focuses on innovation in color plastic materials. The company aims to provide high-quality, environmentally friendly plastic products tailored to meet diverse customer needs.

The firm's mission statement emphasizes the importance of sustainable development, highlighting a commitment to reducing environmental impact through advanced production processes and resource efficiency.

Key Financial Metrics

In 2022, Jiangsu Shuangxing reported revenues of approximately ¥1.5 billion. The company has continuously invested in research and development, with R&D expenditures amounting to ¥150 million, representing about 10% of total revenue.

Product Offerings and Innovations

The company’s product portfolio includes:

• Color Masterbatches
• Engineering Plastics
• Plastic Compounds
• Specialty Additives

Jiangsu Shuangxing has made significant advancements in biodegradable plastics, contributing to a market segment projected to grow by 15% annually over the next five years.

Market Position and Growth

As of the latest market analysis, Jiangsu Shuangxing holds a market share of approximately 12% within the Chinese plastic manufacturing industry. The industry is valued at around ¥150 billion, indicating substantial opportunities for growth.

Employee Engagement and Community Impact

With a workforce of over 2,000 employees, Jiangsu Shuangxing emphasizes talent development and community engagement. The company invests ¥3 million annually in training programs and local community projects aimed at enhancing social responsibility.

Environmental Commitment

Jiangsu Shuangxing operates under strict environmental regulations, achieving a recycling rate of 85% for production waste. The company aims to achieve carbon neutrality by 2025 and has reduced greenhouse gas emissions by 20% over the past five years.

Recent Achievements

In 2023, the company received the “Green Supply Chain” award, recognizing its efforts in sustainable sourcing and manufacturing practices.

How Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. Works

Jiangsu Shuangxing Color Plastic New Materials Co., Ltd., established in 2005, specializes in the production and sale of various plastic products, particularly focusing on new materials like polycarbonate and PVC. The company has a significant role in both domestic and international markets, with an emphasis on high-quality manufacturing processes and sustainable practices.

The company reported a revenue of approximately CNY 1.25 billion in 2022, reflecting a growth rate of 15% compared to 2021. Their net profit for the same period was around CNY 120 million, with a profit margin of 9.6%.

Jiangsu Shuangxing operates several advanced production lines, including modern extrusion and injection molding technologies. They utilize over 1,000 tons of high-grade plastic materials annually, ensuring the quality and durability of their products. The company boasts an annual production capacity of roughly 50,000 tons of plastic materials.

The company's operational strategy revolves around innovation and research. In 2023, they allocated approximately CNY 30 million for research and development, aiming to enhance product offerings and improve production efficiency.

Employee count has also seen a steady increase, with over 1,200 employees as of 2022. This workforce is critical to maintaining high production standards and facilitating operations across various departments including sales, logistics, and customer support.

Jiangsu Shuangxing's international expansion strategy has led to a significant presence in over 30 countries, with key markets in Europe and Southeast Asia. The company's export revenue accounted for approximately 35% of total sales in 2022.

In terms of sustainability, the company has instituted initiatives to reduce carbon emissions by 20% over the next five years, aligning with global environmental standards. They have also committed to using renewable energy sources for at least 50% of their energy needs by 2025.

In conclusion, Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. operates with a focus on innovation, quality, and sustainability, backed by robust financial performance and strategic growth initiatives.

How Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. Makes Money

Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. primarily generates revenue through the production and sale of various plastic products, especially focusing on high-performance materials. The company specializes in the manufacture of color masterbatches, functional masterbatches, and other plastic products that cater to diverse industries such as packaging, automotive, and construction.

In 2022, Jiangsu Shuangxing reported total revenues of approximately RMB 1.52 billion (around USD 230 million), reflecting a year-over-year growth rate of 10%. The company's ability to innovate and expand its product line has played a crucial role in driving sales performance.

The company's gross profit margin has remained strong, averaging around 25% over the last three years. In 2022, the gross profit was reported at approximately RMB 380 million, resulting in a gross margin of 25% of total revenues, which is consistent with industry benchmarks. This margin reflects efficient production processes and cost management strategies.

Another significant revenue stream for Jiangsu Shuangxing comes from exports. In 2022, export sales accounted for about 30% of total revenue, with key markets in Europe and Southeast Asia. The export value reached approximately RMB 456 million, marking a 15% increase over the previous year.

Moreover, Jiangsu Shuangxing has invested heavily in research and development (R&D) to enhance its product offerings and adapt to changing market demands. The company allocated around RMB 45 million to R&D in 2022, constituting about 3% of total revenue. This investment has led to the introduction of innovative products that cater to high-performance sectors, consequently enhancing profitability.

Jiangsu Shuangxing’s operational efficiency is further reflected in its production capacity, which reached 150,000 tons in 2022. The company has continually optimized production processes, resulting in reduced costs and increased capacity utilization. The average production cost per ton was approximately RMB 8,000, which is highly competitive in the industry.

The company's strategic partnerships and collaborations also contribute significantly to its revenue. By aligning with leading brands in various sectors, Jiangsu Shuangxing has bolstered its market presence and expanded its customer base. This strategy has led to long-term contracts that ensure a steady revenue stream.

In summary, Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. leverages its competitive advantages through diverse product offerings, efficient operations, strategic exports, and strong R&D investments to drive revenue growth and profitability in the plastic materials industry.