Zhejiang Changsheng Sliding Bearings Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Zhejiang Changsheng Sliding Bearings Co., Ltd.

Zhejiang Changsheng Sliding Bearings Co., Ltd., established in 1993, is a prominent manufacturer specializing in sliding bearings. The company has built a significant presence in the bearing industry, focusing on producing high-quality bearings for various applications, including machinery, automotive, and industrial equipment.

By 2015, Zhejiang Changsheng had been recognized as a High-Tech Enterprise by the Zhejiang Province, reflecting its commitment to innovation and technology. The company’s production capacity was reported to be over 10 million sets of sliding bearings per year, marking a substantial increase from its initial outputs.

In 2018, the company's revenue reached approximately RMB 1.2 billion (around USD 180 million), showing a steady growth trajectory due to an expansion in both domestic and international markets. In the following year, 2019, Zhejiang Changsheng announced a strategic partnership with several global automotive manufacturers, further diversifying its product offerings and increasing its market share.

As of 2020, the total asset value of Zhejiang Changsheng was reported at RMB 1.5 billion (approximately USD 230 million), with a net profit margin of around 10%. The company employed more than 1,200 staff members, highlighting its significant contribution to local employment and economic growth.

In 2021, the company further invested in research and development, allocating approximately 5% of its revenue to innovative technologies aimed at enhancing product performance. This commitment to R&D resulted in several patents awarded for advanced bearing technologies.

For the fiscal year 2022, Zhejiang Changsheng reported an impressive 15% year-over-year increase in revenue, totaling around RMB 1.38 billion (approximately USD 210 million). The company's focus on expanding its international presence led to increased exports, particularly to markets in Europe and North America.

By late 2023, Zhejiang Changsheng aims to achieve a target revenue of RMB 1.5 billion (around USD 230 million) as part of its growth strategy. Investments in automation and efficiency improvements are expected to enhance production capabilities while reducing operational costs.

The company's commitment to sustainability has also increased, with initiatives to reduce carbon emissions by 20% by 2025, aligning with global environmental standards and demands from clients.

A Who Owns Zhejiang Changsheng Sliding Bearings Co., Ltd.

Zhejiang Changsheng Sliding Bearings Co., Ltd. operates in the sliding bearings industry, specializing in the production of high-performance bearings. As of the latest data, the company is publicly traded on the Shenzhen Stock Exchange under the ticker symbol 002812.

Ownership of Zhejiang Changsheng is primarily divided among institutional investors, individual shareholders, and company insiders. According to the latest shareholder structure from October 2023, the following details emerge:

The largest institutional shareholders include several domestic investment funds, such as Zhejiang Province Investment Group, which holds approximately 10% of the total shares, translating to 30 million shares.

In terms of financial performance, Zhejiang Changsheng has shown consistent growth over the past few years. The company's revenue for 2022 reached approximately ¥1.5 billion, while its net profit margin stood at 12%, reflecting a net income of around ¥180 million.

As of September 2023, the company's market capitalization was estimated at around ¥4.5 billion, with its stock price fluctuating between ¥28 and ¥35 per share throughout the year. This fluctuation represents a year-to-date increase of approximately 16%.

According to the latest reports, the company's total assets were valued at ¥3 billion, while total liabilities stood at ¥1.2 billion, resulting in a debt-to-equity ratio of 0.4.

The company maintains strategic partnerships with various global players in the automotive and machinery sectors, contributing significantly to its growth and expansion plans. In a recent investor call, management indicated plans to invest ¥200 million over the next three years to enhance production capacity and technology development.

Zhejiang Changsheng Sliding Bearings Co., Ltd. Mission Statement

Zhejiang Changsheng Sliding Bearings Co., Ltd., established in 2003, focuses on producing high-quality sliding bearings for various applications, including automotive, machinery, and aerospace sectors. The company's mission statement emphasizes innovation, quality, and customer satisfaction as cornerstones of its business philosophy.

The mission is to deliver superior sliding bearing products through continuous research and development, aligning with global industry standards to enhance operational efficiency for clients.

In 2022, Zhejiang Changsheng reported a revenue of approximately RMB 1.2 billion, with a net profit margin of around 12%. The company aims to increase its market share domestically and internationally by 15% over the next five years.

Moreover, the company is committed to sustainability practices, aiming for a reduction in carbon emissions by 30% by 2025. This aligns with international efforts to combat climate change and showcase environmental responsibility.

In terms of product offerings, Zhejiang Changsheng has expanded its range, now comprising over 300 different types of sliding bearings, serving over 500 clients across various sectors. The emphasis is consistently placed on quality control, which has resulted in a 98% customer satisfaction rate reported in 2022.

The company actively invests in technology, with approximately 10% of its annual revenue allocated to research and development. This has led to innovative products that comply with both ISO 9001 and ISO 14001 quality standards.

Zhejiang Changsheng's strategic partnerships with global firms have strengthened its market presence and facilitated the exchange of technology and expertise. Currently, exports account for about 30% of total revenue, with target markets including Europe and North America.

As part of its mission to enhance customer relationships, the company has implemented a robust feedback system, which allows for continuous improvement in products and services based on client input.

How Zhejiang Changsheng Sliding Bearings Co., Ltd. Works

Zhejiang Changsheng Sliding Bearings Co., Ltd., established in 1998, is a prominent manufacturer specializing in sliding bearings and related products. The company operates within the broader machinery manufacturing sector, which has seen significant growth in recent years. As of 2023, the company recorded a revenue of approximately ¥1.45 billion (about $215 million), reflecting a year-on-year increase of 10%.

The company focuses on the production of various types of bearings, including plain bearings, composite bearings, and custom solutions for different industrial applications. Its product portfolio caters to sectors such as automotive, aerospace, and heavy machinery. In the automotive sector alone, Zhejiang Changsheng accounted for about 15% of its total revenue, indicating its strong position in this competitive market.

The manufacturing process at Zhejiang Changsheng involves several stages, including raw material selection, precision machining, and quality testing. The company employs over 1,200 staff members across its facilities, and its production capacity is estimated at 800 tons of bearing products annually.

In terms of innovation, Zhejiang Changsheng has invested around ¥100 million (approximately $14.8 million) in research and development over the last three years, aiming to enhance product performance and introduce new technologies. A significant outcome of this investment was the development of a new range of high-temperature resistant bearings, which has increased its market share by 5%.

Global market trends indicate that the demand for sliding bearings is projected to grow at a compound annual growth rate (CAGR) of 6% over the next five years, driven by advancements in automotive and industrial sectors. Zhejiang Changsheng is positioned to capitalize on this trend, with plans to expand its market presence internationally.

In terms of financial health, the company reported a net profit margin of 12% in 2023, with total assets amounting to approximately ¥900 million (about $133 million). This indicates a solid financial standing, providing the necessary leverage for future expansions and upgrades in technology.

The company’s strategic partnerships play a vital role in its operations. Collaborations with key players in the automotive industry have enhanced its distribution channels, resulting in increased accessibility to customers. As of 2023, Zhejiang Changsheng has established over 50 strategic partnerships with domestic and international clients.

Overall, Zhejiang Changsheng Sliding Bearings Co., Ltd. operates with a clear focus on quality, innovation, and strategic growth, which continues to position it favorably in the highly competitive sliding bearings market.

How Zhejiang Changsheng Sliding Bearings Co., Ltd. Makes Money

Zhejiang Changsheng Sliding Bearings Co., Ltd., a leading player in the bearing manufacturing industry, generates revenue through various streams, primarily by producing and selling sliding bearings and related components. The company caters to diverse sectors, including automotive, aerospace, industrial machinery, and railways.

In 2022, Zhejiang Changsheng reported a total revenue of approximately 2.5 billion CNY (around 380 million USD). This represented a year-on-year growth of 15% compared to 2021, indicating a strong demand for their products across multiple industries.

The company's cost structure is characterized by direct material costs, labor costs, and manufacturing overhead. In 2022, the cost of goods sold (COGS) was reported at 1.8 billion CNY, leading to a gross profit margin of approximately 28%.

The company has a well-established distribution network, enabling it to serve both domestic and international markets. In 2022, exports accounted for approximately 30% of total revenue, with key markets including North America, Europe, and Southeast Asia. The growth in exports can be attributed to the increasing global demand for high-quality bearing products.

Additionally, Zhejiang Changsheng invests around 5% of its annual revenue into research and development (R&D), facilitating innovation in production processes and the development of new products. This investment was approximately 125 million CNY in 2022, which helps the company maintain a competitive edge.

Another avenue for revenue generation includes customized solutions for clients, particularly in specialized sectors like aerospace and defense. The company has seen a demand surge in this segment, contributing an estimated 10% of its total revenue.

Furthermore, Zhejiang Changsheng has harnessed technology to optimize its production facilities, resulting in reduced operational costs. Automation initiatives led to a 12% reduction in labor costs in 2022 compared to 2021, enhancing overall profitability.

In summary, through a combination of robust domestic sales, strategic exports, a focus on R&D, and efficiency improvements in manufacturing, Zhejiang Changsheng Sliding Bearings Co., Ltd. effectively generates revenue while positioning itself for future growth in the competitive sliding bearings market.