Fujian Snowman Co., Ltd. (002639.SZ) Bundle
A Brief History of Fujian Snowman Co., Ltd.
Fujian Snowman Co., Ltd. was founded in 1998 and has emerged as a leading manufacturer in the refrigeration and frozen equipment industry in China. The company specializes in producing various refrigeration products, including ice-making machines, refrigeration systems, and cold chain logistics solutions.
As of 2022, Fujian Snowman reported a revenue of approximately ¥2.41 billion, reflecting a robust growth rate of 20.8% in comparison to the previous fiscal year. The company's net profit for the same period amounted to about ¥296 million, representing an increase of 15.1% year-on-year.
In 2019, the company was recognized for its significant contributions to the industry, receiving multiple awards for innovation and excellence in manufacturing. By this time, it had also expanded its operations internationally, exporting to more than 50 countries worldwide.
Fujian Snowman went public, listing on the Shenzhen Stock Exchange in 2016 under the ticker symbol 002639. As of October 2023, the company's market capitalization stands at approximately ¥18.2 billion.
The company has invested heavily in research and development, allocating around 8% of its annual revenue towards innovation initiatives. This commitment has led to the launch of several new products, including advanced ice-making machines and energy-efficient refrigeration units.
| Year | Revenue (¥ Billion) | Net Profit (¥ Million) | Market Capitalization (¥ Billion) | R&D Investment (% of Revenue) |
|---|---|---|---|---|
| 2018 | 1.99 | 257 | 15.2 | 7.5 |
| 2019 | 2.11 | 270 | 16.3 | 7.8 |
| 2020 | 2.19 | 283 | 17.5 | 8.0 |
| 2021 | 2.00 | 278 | 17.8 | 8.1 |
| 2022 | 2.41 | 296 | 18.2 | 8.5 |
By 2023, Fujian Snowman has continued its trajectory of growth, strengthening its foothold in both domestic and international markets. The company has also been focusing on sustainability, implementing eco-friendly practices across its production lines.
In addition to its headquarters in Fujian, the company operates several manufacturing facilities strategically located across China. The expansion of its production capabilities has enabled Fujian Snowman to meet the increasing demand for high-efficiency refrigeration products.
Overall, the strategic initiatives and consistent financial performance position Fujian Snowman Co., Ltd. as a prominent player in the refrigeration and frozen equipment sector, with a strong outlook for future growth.
A Who Owns Fujian Snowman Co., Ltd.
Fujian Snowman Co., Ltd., a prominent player in the cold chain equipment industry, is publicly traded on the Shenzhen Stock Exchange under the ticker 002639. As of October 2023, the company has a market capitalization of approximately RMB 31.72 billion.
The ownership structure of Fujian Snowman is characterized by a blend of institutional and individual shareholders. The largest single shareholder is Fujian Snowman Group Co., Ltd., which holds around 24.87% of the total shares. This parent company is pivotal in directing the strategic operations and governance of Fujian Snowman Co., Ltd.
Institutional investors also play a significant role in the ownership dynamics. As of the latest filings, major institutional shareholders include:
| Institution | Ownership Percentage | Shares Held |
|---|---|---|
| China Southern Asset Management Co., Ltd. | 8.75% | 54,659,200 |
| Ping An Asset Management Co., Ltd. | 5.12% | 32,500,000 |
| National Social Security Fund | 4.45% | 28,100,000 |
| China Universal Asset Management Co., Ltd. | 3.30% | 21,000,000 |
| HuaAn Fund Management Co., Ltd. | 2.90% | 18,500,000 |
Individual shareholders account for the remaining ownership, with a significant portion held by retail investors, reflecting a broader interest in the company within the Chinese market.
As of the latest quarterly earnings report, Fujian Snowman Co., Ltd. reported a net profit of RMB 1.72 billion, reflecting an increase of 12.5% year-over-year. The revenue for the fiscal year stood at RMB 9.57 billion, showcasing the company’s robust position in the industry.
Recently, the company has expanded its operations internationally, entering markets in Southeast Asia and Europe, which is expected to enhance its financial performance further. The prospects of growth have caught the attention of analysts, with target stock prices being set between RMB 22.00 and RMB 28.00 based on current performance metrics.
Fujian Snowman’s strategic positioning in the cold chain logistics sector, combined with its strong underlying financials and varied ownership structure, makes it a noteworthy entity in China’s manufacturing landscape.
Fujian Snowman Co., Ltd. Mission Statement
Fujian Snowman Co., Ltd. aims to be a leading provider of refrigeration equipment and solutions, focusing on sustainability and innovation. The company is dedicated to enhancing the quality of life through technological advancements in refrigeration and energy-saving solutions.
In 2022, Snowman reported revenues of approximately RMB 2.45 billion, marking a year-on-year increase of 22%. The operating income during this period stood at around RMB 312 million, showing a growth margin of 3%.
Fujian Snowman dedicates itself to providing superior customer service and maintaining high product quality standards, underpinned by ongoing research and development efforts. In 2022, the company invested about RMB 202 million in R&D, which is about 8.2% of its revenue, emphasizing its focus on innovation.
The company's mission extends towards environmental sustainability. In recent initiatives, Snowman has increased its production of eco-friendly refrigerants by 30%, contributing to a reduction in greenhouse gas emissions. As of late 2023, over 50% of its product line meets or exceeds international environmental standards.
| Fiscal Year | Revenue (RMB) | Operating Income (RMB) | R&D Investment (RMB) | Eco-friendly Product Ratio (%) |
|---|---|---|---|---|
| 2020 | 1.83 billion | 260 million | 160 million | 35% |
| 2021 | 2.01 billion | 302 million | 180 million | 40% |
| 2022 | 2.45 billion | 312 million | 202 million | 50% |
| 2023 (Estimated) | 2.75 billion | 350 million | 220 million | 55% |
Fujian Snowman’s mission statement is reflected in its strategic partnerships and expansion initiatives. In 2023, the company partnered with various international firms to co-develop advanced cooling technologies, aiming to increase market penetration in Southeast Asia by 15%.
The company holds several key certifications, including ISO 9001 for quality management systems and ISO 14001 for environmental management, demonstrating its commitment to operational excellence and sustainability practices.
How Fujian Snowman Co., Ltd. Works
Fujian Snowman Co., Ltd. specializes in the manufacture and distribution of refrigeration equipment primarily used in the food sector. Established in 1992 and headquartered in Fuzhou, Fujian Province, China, the company has positioned itself as a leader in cold chain logistics solutions.
As of 2022, Snowman reported total revenue of approximately ¥5.9 billion (about $870 million), representing a year-over-year increase of 12%. The net profit for the same period was around ¥600 million, resulting in a profit margin of approximately 10.17%.
Snowman operates through several key segments:
- Refrigeration equipment manufacturing
- Cold chain logistics solutions
- After-sales service and maintenance
The company’s primary products include:
- Blast freezers
- Cold storage systems
- Ice machines
- Refrigeration units for supermarkets
With a strong emphasis on research and development, Snowman allocates approximately 6% of its revenue to R&D initiatives. In 2022, their R&D expenditure amounted to about ¥354 million.
The following table details key financial performance indicators:
| Year | Revenue (¥ Billion) | Net Profit (¥ Million) | Profit Margin (%) | R&D Expenditure (¥ Million) |
|---|---|---|---|---|
| 2019 | 4.5 | 490 | 10.89 | 250 |
| 2020 | 5.1 | 540 | 10.59 | 300 |
| 2021 | 5.3 | 550 | 10.38 | 320 |
| 2022 | 5.9 | 600 | 10.17 | 354 |
Snowman's market presence is not limited to China. The company exports its products to over 60 countries, including significant markets in Southeast Asia, Europe, and North America. The export revenue accounted for approximately 30% of total sales in 2022.
The company operates a network of over 200 dealers and service centers, ensuring extensive coverage and customer support. This infrastructure allows Snowman to maintain a strong relationship with its client base, which consists primarily of food processors, distributors, and large retailers.
Snowman has also embraced sustainability initiatives, targeting a reduction in energy consumption for its products by 20% over the next five years. This is in line with government regulations aimed at reducing carbon emissions within the manufacturing sector.
In terms of market capitalization, as of October 2023, Snowman's market cap stood at approximately ¥20 billion (around $3 billion), reflecting a stock price of about ¥23 per share. The stock has shown an average daily trading volume of approximately 1.5 million shares over the past year, indicating robust investor interest.
Looking forward, Snowman plans to expand its product lines and enhance its technological capabilities, particularly in the areas of smart refrigeration and IoT solutions, which are expected to drive future growth.
How Fujian Snowman Co., Ltd. Makes Money
Fujian Snowman Co., Ltd., listed on the Shenzhen Stock Exchange, primarily generates revenue through the production and sale of refrigeration equipment and services. The company's focus on the cold chain logistics sector has positioned it strategically within the growing market for frozen and refrigerated storage solutions.
In 2022, Fujian Snowman reported revenue of 3.18 billion CNY, reflecting an increase of 15.7% year-over-year. This positive growth was driven by robust demand in various segments, including commercial refrigeration and industrial freezing systems.
Revenue Breakdown
The revenue streams of Fujian Snowman can be segmented into different categories:
- Commercial Refrigeration Equipment
- Industrial Refrigeration Systems
- Cold Chain Logistics Solutions
- Service and Maintenance
| Segment | 2022 Revenue (CNY) | Percentage of Total Revenue |
|---|---|---|
| Commercial Refrigeration Equipment | 1.5 billion | 47.2% |
| Industrial Refrigeration Systems | 1.0 billion | 31.4% |
| Cold Chain Logistics Solutions | 0.5 billion | 15.7% |
| Service and Maintenance | 0.18 billion | 5.7% |
Commercial refrigeration equipment is the largest revenue contributor, driven by the growing demand in supermarket chains and food processing sectors. Industrial refrigeration systems cater to large-scale facilities, including manufacturing plants and food storage, while cold chain logistics solutions are essential for maintaining product quality during transportation.
Key Partnerships and Clientele
Fujian Snowman has established partnerships with major retail and food distribution companies. Notable clients include:
- Walmart China
- China National Chemical Corporation (ChemChina)
- COFCO Corporation
These partnerships not only enhance revenue through direct sales but also provide access to emerging markets where cold chain infrastructure is in demand.
Innovation and R&D Investments
To maintain a competitive edge, Fujian Snowman invests heavily in research and development. In 2022, the company allocated 190 million CNY to R&D activities, representing about 6% of total revenue. This investment focuses on developing energy-efficient and environmentally friendly refrigeration technologies, aligning with global sustainability trends.
Market Trends and Financial Performance
The cold chain logistics market is projected to grow significantly, with a compound annual growth rate (CAGR) of 11.5% from 2023 to 2028. The increasing demand for frozen food and pharmaceuticals is driving this growth, directly benefiting companies like Fujian Snowman.
As of the latest financial report in September 2023, the company’s stock has seen an approximate increase of 25% over the year, reflecting investor confidence in its growth trajectory and strategic initiatives.
Fujian Snowman’s financial health is further illustrated by its profit margin, which stood at 8.5% for the fiscal year 2022, indicating efficient cost management and operational effectiveness.
Conclusion of Financial Metrics
In summary, Fujian Snowman Co., Ltd. leverages a diversified revenue stream, strategic partnerships, and innovative practices to capitalize on the growing cold chain sector. The company’s focus on R&D and market expansion is likely to sustain its financial performance in the future.
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