Sichuan Furong Technology Co., Ltd.: history, ownership, mission, how it works & makes money

A Brief History of Sichuan Furong Technology Co., Ltd.

Sichuan Furong Technology Co., Ltd. was established in 1998 and has emerged as a prominent player in the manufacturing of special chemical products, including additives and resins. The company is headquartered in Chengdu, Sichuan Province, China. Its primary focus has been on the research and development of advanced materials that cater to various industries such as construction, coatings, and electronics.

In 2002, Sichuan Furong Technology was listed on the Shenzhen Stock Exchange, expanding its access to capital and enabling growth. In its early years as a publicly traded entity, the company reported revenues of approximately ¥500 million in 2003, with a net profit margin of 15%.

By 2010, the company's revenue had surged to around ¥1.5 billion as it diversified its product line. The introduction of eco-friendly additives and resins in the market contributed significantly to this growth. During this period, Furong Technology's research and development expenses accounted for about 5% of total revenue, underscoring its commitment to innovation.

From 2015 to 2020, Sichuan Furong Technology experienced substantial growth in its international market presence. The company reported an average annual revenue growth rate of 20% during these years. In 2018, the company achieved revenue of approximately ¥3.2 billion with a net profit of around ¥480 million, demonstrating strong profitability.

In 2021, revenue reached a record high of ¥4.5 billion, driven by increased demand for sustainable chemical products amidst global market trends emphasizing sustainability. The net profit for that year was reported at ¥620 million, with a profit margin of 13.8%.

As of 2022, Sichuan Furong Technology's market capitalization stood at approximately ¥15 billion. The company has also been recognized for its innovative practices and received numerous awards, including the "Top 100 Chemicals Enterprises" in China.

The company continues to invest in research and development, aiming to increase its capabilities in producing high-performance materials that meet the evolving standards of environmental sustainability. Sichuan Furong Technology has implemented several strategic partnerships with international firms to enhance its technological advancements and market reach.

As of 2023, the company is focused on expanding its production capacity and exploring new domestic and international markets. Recent investments aim to increase output by 30% in the next two years, directly correlating with the anticipated market demand for innovative chemical solutions.

A Who Owns Sichuan Furong Technology Co., Ltd.

Sichuan Furong Technology Co., Ltd. is a publicly traded company on the Shenzhen Stock Exchange, known for its focus on the manufacturing of automotive components, specifically for electric vehicles. As of October 2023, the company has a market capitalization of approximately 10.5 billion CNY ($1.5 billion USD). The ownership structure of Sichuan Furong Technology reflects a combination of institutional investors and individual shareholders.

The largest shareholder is the company’s founder, Mr. Liu Jun, who holds a substantial equity stake of 27.3%. Following him are several institutional investors that have taken significant positions in the firm. The latest data shows that the top institutional shareholders include:

In addition to the ownership distribution, the company has seen fluctuations in its stock price, which was valued at 42.75 CNY per share as of the end of October 2023. Over the past quarter, the stock has experienced a high of 50.20 CNY and a low of 36.00 CNY, indicating market volatility largely attributed to changes in investor sentiment surrounding the electric vehicle market.

The company’s revenue for 2022 was reported at 3.2 billion CNY with a net profit margin of 10%. In the most recent earnings report for Q3 2023, Sichuan Furong Technology generated revenues of 860 million CNY, reflecting a year-over-year increase of 15%.

Ownership dynamics in Sichuan Furong Technology can also be influenced by the broader trends within the electric automotive industry, notably the push for greener technologies and government policies favoring electric vehicle adoption in China. This context has positioned the company within a favorable market environment, which may continue to affect its ownership and investor interest going forward.

Sichuan Furong Technology Co., Ltd. Mission Statement

Sichuan Furong Technology Co., Ltd. is committed to providing high-quality, innovative solutions in the field of advanced manufacturing and technology services. Their mission centers on enhancing customer satisfaction through superior technological capability, sustainability, and industry leadership.

The company focuses on integrating advanced technology into their production processes, ensuring they remain competitive in the rapidly evolving market. Furong Technology aims to foster a culture of continuous improvement, research, and development, engaging with stakeholders to create value sustainably.

As of the latest fiscal year, the company reported revenue of approximately ¥1.2 billion, reflecting a year-on-year growth of 15%. This growth underscores the effectiveness of their mission to embrace innovation and enhance customer solutions.

Sichuan Furong Technology emphasizes sustainable practices in their mission, aiming to minimize environmental impact while maximizing operational efficiency. They are actively investing in renewable energy sources and eco-friendly materials, with a target of reducing carbon emissions by 20% by 2025. This commitment not only aligns with global sustainability goals but also resonates well with their customer base, which increasingly values environmental responsibility.

The company's mission is further supported by strategic partnerships with leading technology firms, enabling access to cutting-edge research and development resources. This collaborative approach has resulted in the launch of several new products, contributing to an increase in market share by 10% over the past year.

Furong Technology's mission statement extends to their workforce as well. They focus on developing talent and skills among their employees, with training programs that reached 80% of their staff in 2023. This investment in human capital is crucial for sustaining innovation and operational excellence.

Overall, Sichuan Furong Technology Co., Ltd. positions itself as a leader in the technology space, driven by a mission to innovate, support sustainability, and prioritize customer satisfaction in all endeavors.

How Sichuan Furong Technology Co., Ltd. Works

Sichuan Furong Technology Co., Ltd. specializes in manufacturing and research within the chemical industry, focusing on high-performance materials. Founded in 2000, the company has grown to become a key player in the production of specialty chemicals and materials.

As of 2023, Sichuan Furong's revenue was approximately ¥2.1 billion, reflecting a year-over-year growth rate of 10% compared to the previous year. The firm has leveraged its technological innovations to increase production efficiency and product quality, which are pivotal in maintaining competitiveness in the market.

The company operates in several key segments, including:

• Manufacturing of specialty chemicals
• Research & Development in new materials
• Supply chain management services

Sichuan Furong's production capabilities are supported by advanced technologies, which enable the firm to produce around 150,000 tons of specialty chemicals annually. The main products include:

• Polycarbonate resins
• Thermoplastic elastomers
• Plastic additives

The company has established partnerships with various industries, including automotive, electronics, and construction, ensuring a diverse customer base. In 2022, the revenue breakdown by segment was as follows:

In terms of financial performance, Sichuan Furong Technology reported a net profit of ¥200 million in 2022, marking a significant increase of 15% from the previous year. The company's gross margin stood at 25%, and the operating margin was approximately 10%.

Moreover, the firm has invested significantly in R&D, allocating around ¥150 million annually, which represents about 7% of its total revenue. This investment plays a crucial role in the company's ability to innovate and expand its product offerings.

Sichuan Furong's stock performance on the Shanghai Stock Exchange has reflected its strong financial fundamentals, with the share price reaching ¥45 per share by mid-2023, an increase of 20% over the last year. The market capitalization of the company is approximately ¥3 billion.

As of the end of Q2 2023, the company’s balance sheet showcases robust health, with total assets valued at ¥5 billion and total liabilities of ¥2 billion, resulting in a debt-to-equity ratio of 0.4.

In summary, Sichuan Furong Technology Co., Ltd. operates as a technologically advanced player in the specialty chemicals industry, focusing on innovation and robust financial management, facilitating its growth and stability in a competitive market landscape.

How Sichuan Furong Technology Co., Ltd. Makes Money

Sichuan Furong Technology Co., Ltd., established in 2001, primarily generates revenue through the production and sale of fuel oil, lubricants, and related chemical products. The company’s focus on energy conservation and environmental protection has positioned it favorably within the energy sector.

In the fiscal year 2022, Sichuan Furong reported a total revenue of approximately ¥5.12 billion, representing a growth of 12% compared to the previous year. The gross profit margin stood at 26%, reflecting effective cost management and pricing strategies.

Furong’s revenue streams can be divided into several categories:

• Fuel Oil Sales
• Lubricants and Grease Products
• Environmental Treatment Agents
• Technical Services
• Export Activities

In 2022, fuel oil sales constituted the largest segment, contributing approximately ¥3 billion or **58.6%** of total revenues. Lubricants followed, accounting for ¥1.5 billion or **29.3%** of the total revenue.

The fuel oil segment benefits from high demand within both domestic and industrial markets. The company’s lubricants segment has also gained traction, driven by the automotive and machinery sectors, with a market share estimated at 15%.

Another critical avenue for revenue generation is the provision of environmental treatment agents aimed at reducing pollution, which has seen increasing regulatory support and demand. In 2022, revenue from environmental treatment agents reached ¥400 million, driven by government initiatives focusing on sustainable practices.

Sichuan Furong’s robust distribution network spans across multiple provinces in China, enhancing its market reach. The company also invests in research and development, dedicating approximately ¥200 million annually, or about 3.9% of total sales, to innovate and improve product offerings.

Moreover, Furong has strategically aligned itself with international partners, facilitating an increase in its export capabilities, although this segment currently contributes a modest ¥20 million to overall revenues.

In terms of financial health, as of the end of 2022, the company reported total assets of approximately ¥6.8 billion, with a debt-to-equity ratio of 0.35, signaling a solid balance sheet and sustainable financial practices. The operating profit margin was recorded at 12%, indicating effective management of operating expenses.

Overall, Sichuan Furong Technology Co., Ltd. capitalizes on a diverse range of products and services within the energy sector, bolstered by strong demand, effective market strategies, and a commitment to sustainability, positioning itself for continued growth in the years to come.