Shandong Jinjing Science and Technology Stock Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Shandong Jinjing Science and Technology Stock Co., Ltd.

Shandong Jinjing Science and Technology Stock Co., Ltd. was founded in 2000 and has become a prominent player in the glass manufacturing industry, particularly in the production of high-quality glass products. The company is headquartered in Zibo, Shandong, China.

In 2005, Jinjing was listed on the Shenzhen Stock Exchange, signaling the company’s growth trajectory and commitment to expanding its market reach. The initial public offering (IPO) raised approximately ¥1.68 billion (around $260 million USD at that time).

By 2010, Jinjing had significantly enhanced its production capabilities with the introduction of advanced manufacturing technologies. The company focused on the production of flat glass, photovoltaic glass, and other specialty glass products. Jinjing's annual production capacity reached 5 million tons by this year.

In 2015, the company reported revenue of ¥5.2 billion, marking a substantial increase from the ¥3.2 billion reported in 2013. The net profit for 2015 stood at approximately ¥750 million, showing continued profitability and growth.

In 2020, Jinjing’s revenue rose to ¥6.8 billion, driven by strong demand in both domestic and international markets. The company successfully expanded its exports, with overseas sales accounting for approximately 30% of total revenue.

The financial year 2021 proved to be even more successful, with revenue reaching ¥8.1 billion and net profit hitting ¥1.4 billion. The company invested heavily in R&D, allocating around 5% of revenue to technological advancements and product innovation.

Shandong Jinjing continues to leverage its strong market position, focusing on sustainable development and environmental protection initiatives. The company aims for a production capacity increase to 10 million tons by 2025, alongside advancing its photovoltaic glass segment, which reflects its strategy in renewable energy.

In recent years, Jinjing has entered collaborations with several international firms, enhancing its global presence and technological innovation. The company’s stock performance has shown resilience, with its share price increasing by approximately 120% over the past three years, indicating strong investor confidence.

Jinjing’s commitment to sustainability and innovation is evidenced by its initiatives to reduce carbon emissions and enhance energy efficiency across its operations. The company has set ambitious targets to reduce carbon intensity by 20% by 2025.

As of the latest quarterly report in Q2 2023, Shandong Jinjing reported a revenue of ¥2.1 billion for the period, which is a 10% increase compared to Q2 2022. The net profit for the same quarter was approximately ¥320 million.

Overall, Shandong Jinjing Science and Technology Stock Co., Ltd. has established itself as a leader in the glass industry, continually evolving and adapting to market demands while focusing on profitability and growth.

A Who Owns Shandong Jinjing Science and Technology Stock Co., Ltd.

Shandong Jinjing Science and Technology Stock Co., Ltd., a leading manufacturer of glass products, particularly in the solar and architectural sectors, has a diverse ownership structure. The company is publicly traded on the Shanghai Stock Exchange under the stock code 600586.

As of the latest available data, the major shareholders of Shandong Jinjing include:

The distribution of ownership reflects a significant concentration in the hands of the Jinjing Group, which emphasizes the strategic direction and policies of the company. This concentration can be influential in decision-making processes regarding capital investment and operational strategies.

In addition to ownership structure, understanding the company's recent financial performance is critical. For instance, in the fiscal year ended December 2022, Shandong Jinjing reported:

This data illustrates the company's strong growth trajectory and operational efficiency. The positive year-on-year change in both revenue and net profit indicates a robust demand for its products, aligning with the global shift toward sustainable energy solutions.

In terms of market performance, the stock price of Shandong Jinjing has shown resilience, trading approximately at ¥22.50 as of Q3 2023, with a market capitalization of about ¥30 billion. The price-to-earnings (P/E) ratio currently stands at 20.45, indicating a slight premium compared to industry peers, reflecting investor confidence in its growth potential.

The ownership landscape and financial performance of Shandong Jinjing Science and Technology Stock Co., Ltd. showcase a company well-placed to capitalize on market trends while being significantly guided by its major stakeholders.

Shandong Jinjing Science and Technology Stock Co., Ltd. Mission Statement

Shandong Jinjing Science and Technology Stock Co., Ltd. is a leading manufacturer in the glass industry, specializing in the production of high-quality glass products. Their mission statement reflects a commitment to innovation, sustainability, and excellence in manufacturing. The company aims to leverage advanced technological capabilities to produce glass products that meet global standards while minimizing environmental impact.

The mission statement is underscored by a dedication to enhancing customer satisfaction through continuous improvement in product quality and operational efficiency. The company's strategic direction emphasizes sustainable practices and the integration of cutting-edge technology to drive growth.

According to the latest financial reports for the fiscal year 2022, Shandong Jinjing reported revenues of ¥5.32 billion, marking an increase of 12% year-over-year. The company's net profit for the same period was approximately ¥1.05 billion, indicating a profit margin of 19.7%.

Shandong Jinjing Science and Technology has invested heavily in research and development, allocating approximately 7% of total revenues towards innovative technologies and sustainable manufacturing practices. This commitment to R&D has positioned the company as a frontrunner in the eco-friendly glass market.

The company has also outlined specific objectives aimed at expanding its market share both domestically and internationally. For instance, they aim to increase their export sales by 15% in the upcoming fiscal year, capitalizing on growing demand for high-performance glass in the construction and automotive sectors.

Shandong Jinjing's mission is further supported by strategic partnerships with leading technology firms, enabling the advancement of smart manufacturing processes that enhance productivity and reduce waste.

As of October 2023, Shandong Jinjing's stock price is trading at ¥36.50, reflecting an increase of 10% year-to-date, driven by strong financial performance and positive market sentiment. The company's market capitalization stands at approximately ¥22 billion.

In conclusion, the mission statement of Shandong Jinjing Science and Technology Stock Co., Ltd. encapsulates their core values of innovation, sustainability, and customer satisfaction, contributing to their robust financial performance and strategic growth in the glass manufacturing industry.

How Shandong Jinjing Science and Technology Stock Co., Ltd. Works

Shandong Jinjing Science and Technology Stock Co., Ltd. specializes in the manufacturing of glass products, particularly for the electronics and solar industries. The company focuses on the production of high-quality glass materials, including solar glass, electronic glass, and display glass.

The company’s operations are segmented primarily into two divisions: solar glass and specialty glass. Jinjing has established itself as a leading supplier in the solar glass market, reflecting significant growth driven by the renewable energy sector.

As of the latest financial reports for the third quarter of 2023, the company reported a revenue of approximately RMB 4.8 billion (about USD 700 million), showcasing a year-over-year increase of 15%. The gross profit for the same period was around RMB 1.2 billion with a gross margin of 25%.

As for production capacity, the company operates several manufacturing lines with a combined annual capacity of over 12 million square meters of solar glass. This makes Jinjing one of the largest players in the solar glass manufacturing industry.

In terms of market positioning, Shandong Jinjing has developed partnerships with major solar panel manufacturers, substantially increasing its market share. As of 2023, the company held approximately 30% of the solar glass market in China.

Research and development play a critical role in Jinjing's strategy. The company invests roughly 5% of its annual revenue in R&D activities, focusing on improving glass quality, enhancing durability, and developing new product lines. In 2022, the R&D expenditure was approximately RMB 240 million.

Shandong Jinjing is also expanding its international footprint, with exports accounting for about 20% of its total sales. The company’s strategic initiatives include penetrating markets in Europe, the United States, and Southeast Asia, where demand for renewable energy solutions is on the rise.

Regarding its stock performance, Jinjing trades on the Shenzhen Stock Exchange under the ticker symbol 002191.SZ. As of October 2023, the stock price was approximately RMB 25, with a market capitalization of around RMB 35 billion (about USD 5 billion).

Furthermore, Jinjing's financial health is demonstrated by its low debt-to-equity ratio of 0.3, indicating favorable leverage and financial stability compared to industry standards.

In summary, Shandong Jinjing Science and Technology Stock Co., Ltd. showcases robust operational practices, significant market presence, and a strong financial outlook within the glass manufacturing sector, particularly in the renewable energy market. The incorporation of advanced technology and commitment to R&D positions the company favorably for future growth.

How Shandong Jinjing Science and Technology Stock Co., Ltd. Makes Money

Shandong Jinjing Science and Technology Stock Co., Ltd. primarily generates revenue through the production and sale of glass products, particularly in the high-performance glass sector. The company's products include float glass, solar glass, and other specialized glass materials that cater to various industries such as construction, solar energy, and consumer electronics.

In 2022, Shandong Jinjing reported revenue of approximately RMB 15.75 billion, a significant increase from RMB 12.68 billion in 2021. This growth can be attributed to increased demand for solar energy solutions, facilitated by government incentives and a global shift toward sustainable energy sources.

The company's solar glass segment, which accounts for a sizeable portion of its sales, has seen a marked increase in demand. In 2022, Shandong Jinjing delivered approximately 5,000 MW of solar glass, contributing to a year-over-year sales increase of over 30% within this segment.

Shandong Jinjing also benefits from operational efficiencies achieved through advanced manufacturing technologies. The company’s production capacity has expanded to over 10 million square meters of solar glass per year, allowing it to meet the surging global demand while optimizing production costs.

International markets represent a growing revenue stream, with exports comprising around 25% of total sales in 2022. Key regions for exports include Europe and North America, where renewable energy initiatives have driven demand for high-performance glass solutions.

Moreover, Shandong Jinjing leverages strategic partnerships with major clients in the solar and construction industries, enabling it to secure long-term contracts that provide a steady revenue flow. In 2022, the company signed contracts valued at approximately RMB 2 billion for long-term supply agreements.

In terms of research and development, Shandong Jinjing invested around RMB 400 million in 2022, which is about 2.5% of its total revenue. This investment is aimed at enhancing product quality and developing new glazing technologies to maintain competitive advantage in the market.

Shandong Jinjing's financial metrics indicate a healthy balance sheet, with a current ratio of 1.8 as of Q1 2023, demonstrating sufficient liquidity to meet short-term obligations. The company’s debt-to-equity ratio stands at 0.5, reflecting a conservative approach to leverage.

Overall, Shandong Jinjing’s diverse product offerings, strategic market positioning, and focus on innovation drive its revenue growth, aligning with the broader trends in renewable energy and sustainable construction materials.