Jinneng Science&Techology Co.,Ltd (603113.SS) Bundle
A Brief History of Jinneng Science&Techology Co.,Ltd
Jinneng Science & Technology Co., Ltd, founded in 2004, is a Chinese company primarily engaged in the research, development, production, and sales of coal chemical products. Over the years, it has expanded its operations and product lines to include coal-to-chemical projects, energy production, and environmental protection solutions.
In 2010, Jinneng was listed on the Shanghai Stock Exchange. Its stock code is 601518. The company has demonstrated significant growth in its revenues, achieving approximately RMB 79.66 billion in 2022, up from RMB 64.3 billion in 2021.
By 2023, Jinneng reported a net profit of RMB 6.63 billion, which marked a growth of 12% year-over-year. The company's earnings per share (EPS) was noted at RMB 2.56.
| Year | Revenue (RMB) | Net Profit (RMB) | EPS (RMB) |
|---|---|---|---|
| 2020 | RMB 57.2 billion | RMB 5.18 billion | RMB 2.23 |
| 2021 | RMB 64.3 billion | RMB 5.92 billion | RMB 2.43 |
| 2022 | RMB 79.66 billion | RMB 6.63 billion | RMB 2.56 |
Jinneng has strategically invested in technology and innovation to enhance its production processes. This is highlighted by the establishment of several research and development centers. The company is also focusing on sustainable practices, aiming to reduce its carbon footprint in alignment with government regulations.
In 2022, Jinneng launched a new coal-to-liquids project with an investment of approximately RMB 10 billion. This project aims to produce 1 million tons of liquid fuels annually and is expected to contribute significantly to the company’s future revenues.
The company’s assets stood at RMB 106 billion as of the end of 2022, with a debt-to-asset ratio of 59%. This financial leverage is consistent with industry standards for companies operating in the heavy manufacturing and chemical sectors.
As part of its expansion strategy, Jinneng has also pursued acquisitions. In 2021, it acquired a small coal mining company for RMB 1.5 billion, integrating it into its supply chain to ensure resource security.
The market capitalization of Jinneng Science & Technology was approximately RMB 80 billion as of October 2023, reflecting investor confidence in its growth trajectory and operational efficiency.
A Who Owns Jinneng Science&Techology Co.,Ltd
Jinneng Science & Technology Co., Ltd., based in China, operates predominantly in the coal and energy sector, focusing on coal mining and production of related technologies. Key ownership details reflect a complex structure and significant state involvement. As of the latest available data, the company is primarily state-owned.
The major shareholder is the Jinneng Holding Group, which owns approximately 51.46% of the company. This group is a state-owned enterprise under the Shanxi provincial government. This significant ownership stake underscores the strategic importance of Jinneng Science & Technology to the province’s energy sector.
Below is a detailed table of the major shareholders of Jinneng Science & Technology Co., Ltd., along with their respective ownership percentages:
| Shareholder | Ownership Percentage | Type of Ownership |
|---|---|---|
| Jinneng Holding Group | 51.46% | State-Owned Enterprise |
| Shanxi Provincial Government | 30.00% | State-Owned |
| Public Shareholders | 18.54% | Publicly Traded |
In terms of market performance, as of the latest report, Jinneng Science & Technology Co., Ltd. has shown resilience in its stock performance. The company's stock was trading at approximately ¥15.30 per share, with a market capitalization of around ¥30.5 billion. This reflects a notable increase of 8.5% over the past year, showcasing the company's growth trajectory amid fluctuating market conditions.
Furthermore, the company reported an annual revenue of ¥22 billion for the fiscal year ending December 2022, which was a 15% increase compared to the previous year. The net profit margin stood at 10%, indicating a robust operational efficiency in managing costs relative to revenue.
Jinneng Science & Technology Co., Ltd. plays a crucial role in the coal-to-gas conversion projects, making it pivotal in the regional energy strategy. The company is also focusing on green technology to diversify its energy portfolio, reflecting broader environmental goals set forth by the Chinese government.
Jinneng Science&Techology Co.,Ltd Mission Statement
Jinneng Science & Technology Co., Ltd, established in 1956, is a key player in the Chinese energy sector, focusing on advanced technologies in clean energy and sustainable development. The company’s mission statement emphasizes their commitment to innovation, efficiency, and environmental protection.
In 2022, Jinneng reported revenue of approximately RMB 23.4 billion, demonstrating a strong year-over-year growth of 12.5%. Their mission revolves around harnessing cutting-edge technologies to enhance energy efficiency and reduce carbon emissions.
Key facets of their mission statement include:
- Driving technological innovation to promote cleaner energy solutions.
- Commitment to sustainable development and reducing environmental impact.
- Providing superior products and services to enhance customer satisfaction.
- Engaging in responsible corporate governance and social responsibility.
As part of their mission, Jinneng aims to lead in the research and development of renewable energy technologies. In 2023, the company allocated RMB 1.5 billion to R&D, which is about 6.4% of their total revenue, showcasing their focus on innovation.
| Fiscal Year | Revenue (RMB) | R&D Investment (RMB) | R&D as % of Revenue | Year-over-Year Growth (%) |
|---|---|---|---|---|
| 2020 | RMB 18.5 billion | RMB 1.1 billion | 5.9% | N/A |
| 2021 | RMB 20.8 billion | RMB 1.3 billion | 6.3% | 12.6% |
| 2022 | RMB 23.4 billion | RMB 1.5 billion | 6.4% | 12.5% | 2023 | Forecast: RMB 26 billion | Forecast: RMB 1.8 billion | Forecast: 6.9% | Forecast: 11.1% |
Jinneng’s strategic objectives align with their mission, focusing on expanding their market share in the renewable energy sector. As of the latest data, the company holds a market share of 15% in China’s photovoltaic (PV) market, positioning them as a leader in solar technology.
To support their mission, Jinneng actively pursues partnerships with global research institutions and technology firms for collaborative innovation projects. The company has signed over 50 agreements with international entities since 2020, enabling knowledge exchange and technology adaptation.
Additionally, Jinneng measures success through its sustainability initiatives. In 2022, they achieved a reduction of 8.2 million tons of CO2 emissions, underlining their commitment to environmental stewardship. The company plans to double this figure by 2025 as part of their long-term goals.
By 2023, Jinneng intends to increase its renewable energy capacity to 10 GW, which would represent a significant increase in their operational scale and align with their mission of leading in sustainable energy solutions.
How Jinneng Science&Techology Co.,Ltd Works
Jinneng Science & Technology Co., Ltd. is a prominent Chinese company engaged in the fields of energy, coal, and environmental protection technology. As a part of the Jinneng Group, it focuses on developing and integrating advanced technologies for efficient energy production and resource utilization.
The company's operations are primarily divided into several sectors, including coal mining, energy production, and technology development. For the fiscal year ending December 31, 2022, Jinneng reported a revenue of approximately RMB 35.6 billion (around USD 5.3 billion), reflecting a year-on-year increase of 12%.
In the coal mining sector, Jinneng operates multiple mines with a combined annual production capacity exceeding 30 million tons. The company has invested heavily in modernizing mining equipment and employing automated technologies to enhance safety and efficiency. In 2022, the mining division contributed roughly RMB 20 billion (about USD 3 billion) to the total revenue.
Energy production is another critical area, with Jinneng operating several thermal power plants. These facilities have a total installed capacity of over 10,000 MW. In 2022, the power generation segment generated RMB 10 billion (approx. USD 1.5 billion) in revenue. The company aims to diversify its energy portfolio by investing in renewable energy sources, including wind and solar projects.
| Year | Revenue (RMB billion) | Coal Production (Million Tons) | Installed Capacity (MW) |
|---|---|---|---|
| 2020 | 30.6 | 28 | 8,500 |
| 2021 | 31.8 | 29.5 | 9,500 |
| 2022 | 35.6 | 30 | 10,000 |
In terms of technology development, Jinneng invests approximately 5% of its annual revenue into research and development initiatives. The company has established partnerships with various universities and research institutions to foster innovation in cleaner coal technologies and emissions reduction. In 2022, R&D expenditures amounted to around RMB 1.78 billion (about USD 265 million).
Jinneng also emphasizes environmental management, with significant investments made toward reducing carbon emissions. The company aims to decrease its carbon intensity by approximately 15% by 2025 compared to the levels in 2020. This initiative is part of China's broader goal of achieving carbon neutrality by 2060.
On the market performance front, Jinneng Science & Technology has shown resilience. As of late 2023, the stock price hovered around RMB 18.50 per share, with a market capitalization of approximately RMB 45 billion (around USD 6.7 billion). The price-to-earnings (P/E) ratio stands at approximately 12.5, indicating that investors are reasonably confident in the company's growth prospects.
Jinneng's strategic initiatives include expansion through acquisitions and exploring international markets. This is evident from their recent acquisition of a small coal mine in Indonesia, which is expected to enhance their production capacity by an additional 5 million tons annually. The company continues to navigate challenges posed by environmental regulations while remaining committed to sustainable energy practices.
Overall, Jinneng Science & Technology Co., Ltd. plays a crucial role in China's energy landscape by integrating advanced technologies with traditional energy production methods, positioning itself as a leader in the industry while adapting to global environmental standards.
How Jinneng Science&Technology Co., Ltd Makes Money
Jinneng Science & Technology Co., Ltd, primarily engages in production and sales of coal and chemical products, with a significant focus on energy solutions and technological innovation. The company operates in various segments that contribute to its overall revenue streams.
Revenue Breakdown
As of the latest financial reports, Jinneng Science & Technology reported total revenue of approximately RMB 13.5 billion for the fiscal year 2022, demonstrating a robust year-on-year growth largely attributed to its diversified product offerings.
Key Revenue Streams
- Coal Production: The largest portion of revenue comes from coal, contributing over 60% of total revenue. Jinneng's production capacity is around 12 million tons annually.
- Chemical Products: Chemicals, including fertilizers and basic petrochemicals, account for approximately 25% of the revenue. The company produced about 2 million tons of chemical products last year.
- Technology Solutions: This segment has been growing, with revenues reaching RMB 1.5 billion, or about 11% of total revenue, thanks to advancements in energy-saving technologies and environmental solutions.
Market Position
Jinneng Science & Technology maintains a competitive edge in the coal and chemical industry through strategic partnerships and innovative research. The company invests roughly 5% of its annual revenue into R&D activities to enhance production efficiency and develop environmentally friendly practices.
Financial Performance Metrics
| Year | Total Revenue (RMB) | Net Income (RMB) | EBITDA (RMB) | Profit Margin (%) |
|---|---|---|---|---|
| 2022 | 13.5 billion | 1.8 billion | 3.1 billion | 13.3% |
| 2021 | 12.0 billion | 1.5 billion | 2.8 billion | 12.5% |
Adopting Sustainability Initiatives
The company has implemented sustainability measures, such as carbon capture technologies. This investment is expected to yield a new revenue stream as demand for green technologies rises. Projects dedicated to sustainable practices are projected to generate an additional RMB 500 million in revenues by 2025.
Future Growth Prospects
Jinneng Science & Technology aims to increase its market share in renewable energy, targeting a revenue contribution of 20% from green technologies by 2025. This diversification aligns with market trends and governmental support for clean energy initiatives in China.
Strategic Collaborations
The company collaborates with both domestic and international firms to enhance its technological capabilities. Recent partnerships have led to joint ventures that will focus on advanced materials and efficiency technologies, anticipated to add RMB 1 billion to the annual revenue by 2024.
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