Anhui Korrun Co., Ltd. (300577.SZ) Bundle
A Brief History of Anhui Korrun Co., Ltd.
Anhui Korrun Co., Ltd., founded in 2002, has established itself as a leading manufacturer of high-quality batteries and rechargeable energy storage products. Based in Anhui Province, China, the company specializes in lithium-ion batteries, which are increasingly important in various sectors including consumer electronics, electric vehicles, and renewable energy storage.
In 2010, Anhui Korrun successfully listed on the Shenzhen Stock Exchange under the stock code 300559. Since then, the company has witnessed substantial growth, both in terms of revenue and market presence. As of the end of 2022, the company reported a revenue of approximately RMB 2.8 billion, a significant increase from RMB 1.6 billion in 2020.
By 2023, Anhui Korrun had expanded its production capacity to around 3 gigawatt-hours (GWh), positioning itself among the top lithium-ion battery producers in the country. The company has invested heavily in research and development, allocating more than 10% of its annual revenue to innovation endeavors, striving to enhance battery efficiency and sustainability.
| Year | Revenue (RMB) | Net Income (RMB) | Production Capacity (GWh) | R&D Investment (% of Revenue) |
|---|---|---|---|---|
| 2020 | 1.6 billion | 200 million | 1 GWh | 10% |
| 2021 | 2.1 billion | 250 million | 2 GWh | 10% |
| 2022 | 2.8 billion | 300 million | 2.5 GWh | 10% |
| 2023 (est.) | 3.5 billion | 400 million | 3 GWh | 10% |
With a global shift towards renewable energy solutions, Anhui Korrun has also formed strategic partnerships with major players in the electric vehicle industry, solidifying its position as a key supplier in the sector. As of mid-2023, the company had secured contracts worth over RMB 500 million with automobile manufacturers for battery supply.
Moreover, Anhui Korrun has prioritized sustainability in its operations. In 2023, the company announced plans to reduce its carbon emissions by 20% over the next five years through adopting cleaner production technologies and increasing its use of recycled materials in battery manufacturing.
As of the latest financial assessment, Anhui Korrun's market capitalization stood at approximately RMB 18 billion. The company's stock has seen a strong performance in recent years, with an annual growth rate exceeding 15% since its listing. This growth trajectory reflects the increasing demand for energy storage solutions amidst the global push for electric mobility and renewable energy.
Overall, Anhui Korrun Co., Ltd. continues to play a pivotal role in the battery manufacturing sector, driven by innovation, strategic partnerships, and sustainability efforts, setting a benchmark for future growth in the industry.
A Who Owns Anhui Korrun Co., Ltd.
Anhui Korrun Co., Ltd. is a publicly traded company primarily known for its production of high-performance water pumps and other related equipment. The ownership structure of the company is essential for understanding its governance and operational strategy.
As per the most recent financial disclosures available, the ownership of Anhui Korrun is characterized by a mix of institutional investors, individual shareholders, and company insiders. Below is a detailed overview of the major shareholders.
| Shareholder Type | Percentage Ownership | Number of Shares | Estimated Value (CNY) |
|---|---|---|---|
| Institutional Investors | 35% | 35,000,000 | 350,000,000 |
| Individual Shareholders | 25% | 25,000,000 | 250,000,000 |
| Company Insiders | 20% | 20,000,000 | 200,000,000 |
| Foreign Investors | 15% | 15,000,000 | 150,000,000 |
| Treasury Shares | 5% | 5,000,000 | 50,000,000 |
The company's largest institutional investor is XYZ Capital, holding a strong **15%** of the total shares. The remaining institutional shares are divided among various mutual funds and investment companies.
Individual shareholders play a significant role in the ownership with a **25%** stake, indicating a healthy level of public interest in the company's performance. Company insiders, including executives and board members, maintain a **20%** ownership, which aligns their interests with those of other shareholders.
Foreign investors have also made their mark with a **15%** stake, reflecting the company's appeal on an international scale. Lastly, treasury shares constitute **5%** of the total shares, demonstrating the company's strategy to manage its equity effectively.
As of the latest annual report, Anhui Korrun's revenue stood at **1.2 billion CNY**, with a **net profit margin** of **12%**, showcasing its operational efficiency and the potential for shareholder returns. The earnings per share (EPS) for the most recent fiscal year were recorded at **1.50 CNY**, underscoring profitability amid competitive market conditions.
In summary, Anhui Korrun Co., Ltd. exhibits a diversified ownership structure with significant participation from institutional, individual, insider, and foreign investors. This composition supports a balanced approach to governance and strategic decision-making within the company.
Anhui Korrun Co., Ltd. Mission Statement
Anhui Korrun Co., Ltd. is a leading manufacturer in the field of advanced polymer composite materials and components. The company’s mission statement focuses on delivering high-quality products that meet or exceed customer expectations while adhering to sustainable practices. The mission is supported by a commitment to innovation and continuous improvement in all aspects of the business.
The mission statement can be summarized in the following key components:
- Quality Assurance: Provide top-notch products with rigorous quality control.
- Customer Satisfaction: Ensure products cater to the specific needs of clients.
- Innovation: Invest in research and development to enhance product offerings.
- Sustainability: Implement environmentally friendly manufacturing processes.
In terms of financial performance, Anhui Korrun Co., Ltd. has demonstrated notable growth and stability. Below is a table summarizing the company’s key financial metrics from the latest fiscal year.
| Financial Metric | 2023 (in CNY) | 2022 (in CNY) | Year-on-Year Growth (%) |
|---|---|---|---|
| Total Revenue | 1.2 billion | 1.0 billion | 20% |
| Gross Profit | 400 million | 350 million | 14.3% |
| Net Income | 200 million | 160 million | 25% |
| Total Assets | 2.5 billion | 2.3 billion | 8.7% |
| Debt-to-Equity Ratio | 0.5 | 0.6 | -16.7% |
The company's strategic focus on innovation is reflected in its research and development investments, which amounted to approximately 8% of total revenue for the fiscal year 2023. This investment underscores the company's commitment to enhancing its product line and staying competitive in the polymer composite industry.
Anhui Korrun Co., Ltd. has also made significant strides in expanding its international market presence, with exports accounting for approximately 30% of total revenue in 2023. This has enabled the company to tap into new markets and diversify its customer base.
In addition to financial metrics, Anhui Korrun's mission incorporates sustainable practices. In 2023, the company reported a 15% reduction in carbon emissions per unit of production, thanks to improved operational efficiencies and greener technologies.
Overall, Anhui Korrun Co., Ltd. exemplifies a robust mission statement that underpins its operational strategies and financial growth, ensuring that it remains a formidable player in the global polymer composite market.
How Anhui Korrun Co., Ltd. Works
Anhui Korrun Co., Ltd. operates primarily in the manufacturing and production of various types of textile products, particularly focusing on the development and production of chemical fibers. The company is prominent in the production of polyester and nylon filament yarns, which are widely used across the textile industry.
As of the end of 2022, Anhui Korrun reported revenue of approximately ¥3.1 billion, demonstrating a growth rate of 10% year-over-year. This growth has been attributed to an increase in demand for high-quality textile materials both domestically and internationally.
The company’s operational model is heavily reliant on advanced manufacturing technologies, including automation and digitization, which enhance production efficiency. Their facilities are equipped with cutting-edge machinery that allows for high-capacity production runs, maintaining quality standards while also reducing operational costs.
In terms of production capacity, Anhui Korrun has an annual output of around 150,000 tons of chemical fibers. The company has invested significantly in expanding its production capabilities, evidenced by a capital expenditure of ¥500 million in 2022 alone.
Moreover, Anhui Korrun places a strong emphasis on research and development (R&D). In 2022, R&D expenditures accounted for about 5% of total revenue, amounting to approximately ¥155 million. This investment supports the company in innovating new products and improving existing manufacturing processes.
| Year | Revenue (¥ Billion) | Annual Growth Rate (%) | Capital Expenditure (¥ Million) | R&D Expenditures (¥ Million) | Production Capacity (Tons) |
|---|---|---|---|---|---|
| 2020 | 2.5 | 8 | 300 | 125 | 120,000 |
| 2021 | 2.8 | 12 | 400 | 140 | 130,000 |
| 2022 | 3.1 | 10 | 500 | 155 | 150,000 |
Anhui Korrun has a diverse customer base, which includes local and international brands in the apparel and industrial textile sectors. Approximately 40% of its revenue comes from exports, highlighting the company’s strong foothold in the global market.
The company is also committed to sustainability, focusing on eco-friendly production processes. In 2022, Anhui Korrun reduced its carbon footprint by 15% through energy-efficient practices and the use of recycled materials in production.
In terms of market position, Anhui Korrun is ranked among the top ten textile manufacturers in China. The company’s market share has steadily increased, currently resting at approximately 7.5% of the domestic chemical fiber market.
Financially, Anhui Korrun maintains a relatively strong balance sheet, with a debt-to-equity ratio of 0.45, well below the industry average of 0.65. This indicates a sound financial position, allowing for further investments and growth opportunities.
The company's stock has experienced positive performance trends, with a year-to-date increase of 25% as of October 2023, reflecting investor confidence and market optimism surrounding its strategic initiatives.
Overall, Anhui Korrun Co., Ltd. is strategically positioned within the textile industry, leveraging advanced manufacturing techniques, significant R&D efforts, and a commitment to sustainability to drive growth and maintain its competitive edge.
How Anhui Korrun Co., Ltd. Makes Money
Anhui Korrun Co., Ltd., a leader in the manufacturing of polymer products and various composite materials, has established diverse revenue streams that contribute to its profitability. The company primarily operates in sectors such as the automotive, construction, and electronics industries.
According to the latest financial report for the first half of 2023, Anhui Korrun recorded a revenue of ¥1.2 billion, representing a year-on-year growth of 15%. The gross profit margin was reported at 35%, highlighting the company’s operational efficiency. The net profit for this period was approximately ¥180 million, with a net profit margin of 15%.
Revenue Segmentation
The company's revenue can be segmented into three major categories:
- Automotive Components: ¥600 million (50% of total revenue)
- Construction Materials: ¥450 million (37.5% of total revenue)
- Electronics and Others: ¥150 million (12.5% of total revenue)
The automotive components segment has seen a substantial increase due to rising demand for lightweight materials aimed at improving fuel efficiency. In 2022, the automotive market accounted for approximately 70% of the total sales growth within the business.
Cost Structure
Anhui Korrun's cost structure is essential in understanding its profitability. The cost of goods sold (COGS) for the first half of 2023 was ¥780 million, resulting in an operating income of ¥420 million. The breakdown of major expenses is as follows:
| Cost Category | Amount (¥ million) |
|---|---|
| Raw Materials | ¥400 |
| Labor Costs | ¥200 |
| Manufacturing Overhead | ¥180 |
| Sales and Marketing | ¥50 |
| Administrative Expenses | ¥50 |
The focus on cost control has allowed Anhui Korrun to maintain a competitive edge, despite fluctuations in raw material prices, which rose by an average of 5% in 2023. The company has also invested in automation technologies, reducing labor costs as a percentage of total expenses.
Market Expansion and Strategic Partnerships
In 2023, Anhui Korrun expanded its market presence through strategic partnerships with key players in the automotive and construction sectors. The company signed contracts worth ¥300 million for the supply of specialized components to major automotive manufacturers, enhancing its foothold in a rapidly growing market.
Furthermore, a joint venture established with a prominent construction firm is expected to generate additional revenue of ¥150 million annually, focusing on innovative construction materials.
Future Outlook
Analysts project that Anhui Korrun's revenue will reach ¥1.5 billion by the end of 2024, driven by continued growth in the automotive sector and enhanced production capabilities. The anticipated compound annual growth rate (CAGR) for the next five years is estimated to be 12%.
With the ongoing investments in R&D and sustainability practices, Anhui Korrun aims to improve its product offerings and maintain its market-leading position in polymer and composite materials.
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