Hubei Feilihua Quartz Glass Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Hubei Feilihua Quartz Glass Co., Ltd.

Founded in 1999, Hubei Feilihua Quartz Glass Co., Ltd. is a prominent manufacturer of quartz glass products in China. The company operates primarily in the production of high-purity quartz glass, which is crucial for various industries including electronics, optics, and telecommunications.

Initially listed on the Shenzhen Stock Exchange in 2016, Hubei Feilihua has seen significant growth in its market presence. As of the end of Q3 2023, the company reported a total revenue of approximately RMB 1.5 billion.

Financially, Hubei Feilihua has shown a steady increase in profitability. The company’s net income for the year 2022 reached RMB 232 million, reflecting a year-on-year growth of 22%. This growth trajectory has been attributed to rising demand in the semiconductor and photovoltaic sectors.

The company has expanded its production capacity significantly over the years. In 2022, Hubei Feilihua's production capacity reached approximately 12,000 tons of quartz glass annually. This expansion was facilitated by the introduction of advanced production technologies and efficient manufacturing processes.

Hubei Feilihua has also focused on R&D, investing over 10% of its annual revenue into research and development initiatives to innovate its product offerings. The company has established partnerships with domestic universities and research institutions to enhance its technological capabilities.

Moreover, Hubei Feilihua's contribution to the global market has been recognized, with exports accounting for nearly 30% of its total revenue as of Q3 2023. Key export markets include South Korea, Japan, and the United States, where demand for high-purity quartz glass is surging.

In summary, Hubei Feilihua Quartz Glass Co., Ltd. has established itself as a key player in the quartz glass industry, showcasing robust financial performance, significant production capacity, and a commitment to innovation and market expansion. The company's strategic initiatives and market adaptability highlight its potential for future growth within the global landscape of quartz glass manufacturing.

A Who Owns Hubei Feilihua Quartz Glass Co., Ltd.

Hubei Feilihua Quartz Glass Co., Ltd. is a publicly traded company based in China, listed on the Shenzhen Stock Exchange under the stock code 600468. As of the latest available data, the company is predominantly owned by several key shareholders.

According to the company’s 2022 Annual Report, the major shareholders include:

The company has a market capitalization of approximately ¥6.6 billion as of October 2023. In the fiscal year 2022, Hubei Feilihua reported revenue of around ¥2.45 billion, with a net profit margin of 12.5%.

Hubei Feilihua specializes in producing high-purity quartz glass products, serving industries such as solar, electronics, and telecommunications. The company’s strategic partnerships and ownership stakes in related firms enhance its operational capabilities and market position.

In 2023, the company announced plans to expand its production capacity by 25%, indicating growth ambitions in the face of rising demand for quartz glass products globally.

Ownership patterns reflect a mix of state and private entities, which influences its governance and operational strategies. The largest shareholder, China National Building Material Group Corporation, plays a significant role in strategic decision-making within the company, ensuring alignment with broader industry trends.

Overall, Hubei Feilihua Quartz Glass Co., Ltd. operates within a competitive landscape, with a defined ownership structure that supports ongoing growth and market penetration.

Hubei Feilihua Quartz Glass Co., Ltd. Mission Statement

Hubei Feilihua Quartz Glass Co., Ltd., a prominent player in the quartz glass manufacturing sector, focuses on delivering high-quality products that meet the stringent demands of various industries, including electronics, optics, and solar energy. The company's mission statement revolves around innovation, quality, and customer satisfaction.

The company aims to provide cutting-edge quartz products while maintaining a commitment to sustainability and environmental responsibility. This is illustrated in their focus on utilizing advanced technologies and processes to enhance product quality and operational efficiency. Their mission emphasizes achieving excellence in production and ensuring long-term relationships with clients.

As of the latest financial data from 2023, Hubei Feilihua Quartz Glass Co., Ltd. reported a revenue of approximately RMB 1.2 billion, reflecting a growth rate of 15% compared to the previous year. Their net profit for the same period stood at around RMB 150 million, signifying a profit margin of 12.5%.

The demand for solar-grade quartz glass has significantly contributed to the company’s growth, with a reported increase in orders for photovoltaic applications. The market for quartz glass in the solar industry is expected to reach $6.3 billion by 2026, providing a lucrative opportunity for Hubei Feilihua's products.

In terms of production capacity, the company has optimized its facilities to achieve an annual output of over 15,000 tons of quartz glass products, positioning them as a significant supplier in both local and international markets.

Hubei Feilihua's commitment to environmental sustainability is evident in their reduction of carbon emissions by 20% over the past three years, aligning with China's national goals for ecological development.

The company’s mission statement is supported by partnerships with various research institutions and universities to foster innovation and technological advancements in quartz glass manufacturing. Their collaborative efforts have led to the development of over 10 new product lines introduced to the market within the last five years.

In summary, Hubei Feilihua Quartz Glass Co., Ltd. continues to uphold its mission of innovation, quality, and customer satisfaction, driving significant growth and sustainability in its operations.

How Hubei Feilihua Quartz Glass Co., Ltd. Works

Hubei Feilihua Quartz Glass Co., Ltd. is a leading manufacturer specializing in the production of quartz glass products. The company operates in various segments including semiconductor materials, telecommunications, and high-performance materials for solar energy applications.

As of 2022, Hubei Feilihua reported total revenue of approximately 1.1 billion RMB, marking a year-on-year increase of 15%. This growth can be attributed to rising demand for quartz glass in the electronics and renewable energy sectors.

The company's production capabilities are expansive. Hubei Feilihua boasts an annual production capacity of about 10,000 tons of quartz glass, which serves multiple applications such as lighting, optics, and electronics. This scale allows the company to meet the growing needs of its clients efficiently.

In terms of financial performance, the net profit attributable to shareholders reached approximately 150 million RMB in 2022, reflecting a profit margin of around 13.6%. The company maintains a robust return on equity at approximately 12%, showcasing effective operational management.

In 2021, the company achieved a gross margin of 25%, demonstrating its ability to control costs despite fluctuations in raw material prices. The primary raw materials used include silica quartz and various additives, which have seen price increases due to global supply chain disruptions.

Hubei Feilihua also invests significantly in research and development, allocating around 5% of its revenue to innovate and improve product quality. This commitment to R&D has led to the development of advanced quartz glass materials that cater to high-tech industries.

The global market for quartz glass is expected to grow at a compound annual growth rate (CAGR) of 8% from 2022 to 2027, driven mainly by technological advancements and increasing applications in electronics and optics. Hubei Feilihua is positioned to capitalize on this growth through strategic partnerships and expansions.

As of October 2023, Hubei Feilihua holds a market share of approximately 20% in China's quartz glass industry, indicating its substantial influence and competitive standing within the market. The company continues to expand its footprint internationally, targeting markets in North America and Europe.

Hubei Feilihua Quartz Glass Co., Ltd. operates under stringent quality assurance protocols, ensuring that its products meet international standards. The company is ISO 9001 certified, which guarantees consistent quality in its manufacturing processes.

In conclusion, Hubei Feilihua Quartz Glass Co., Ltd. demonstrates robust financial health and operational efficacy, establishing itself as a key player in the quartz glass market. With promising growth forecasts and strong demand across various sectors, the company is well-positioned for future success.

How Hubei Feilihua Quartz Glass Co., Ltd. Makes Money

Hubei Feilihua Quartz Glass Co., Ltd., a leading manufacturer of quartz glass products, operates primarily in the quartz glass segment. The company generates revenue through several key avenues, including the production and sale of a wide range of high-purity quartz glass products. These are essential components in various applications, including electronics, telecommunications, and solar energy.

In the fiscal year 2022, Hubei Feilihua reported revenue of approximately 1.15 billion CNY (approximately 177 million USD), a notable increase from 1.01 billion CNY in the previous year. The increase reflects a growth rate of about 13.86%.

The company's product offerings include high-purity quartz glass tubes, plates, and custom-engineered solutions that serve industries such as semiconductor manufacturing, optics, and fiber optics. In particular, the semiconductor sector has shown robust demand, with quartz glass critical for the production of integrated circuits, contributing significantly to the company's revenue stream.

In addition to product sales, Hubei Feilihua has implemented a strategic focus on technological innovation and R&D to improve product quality and efficiency. The R&D expenditure for 2022 was approximately 100 million CNY (around 15 million USD), representing about 8.7% of total revenue. This investment has led to the development of new product lines, particularly within the solar energy sector, which is projected to grow significantly in the coming years.

Export markets also play a crucial role in Hubei Feilihua's revenue generation. In 2022, exports accounted for approximately 30% of the total revenue, with key markets including Japan, the United States, and several countries in Europe. The growth in international sales reflects the increasing global demand for high-quality quartz glass products, particularly in renewable energy applications.

Moreover, the company's strategic partnerships with leading technology firms have bolstered its market position. Collaborations in the solar energy sector, particularly with manufacturers of photovoltaic cells, have resulted in substantial contract signings, further enhancing revenue stability.

As of the end of Q2 2023, the company reported a net profit margin of approximately 15%, indicating efficient management of production costs and operational efficiencies. The EBITDA for the same period was reported at 250 million CNY (about 39 million USD), demonstrating strong earnings relative to total revenue.

Overall, Hubei Feilihua Quartz Glass Co., Ltd. effectively leverages its production capabilities, strategic R&D investments, export strategies, and partnerships in high-growth industries to generate revenue and sustain growth in an increasingly competitive environment.