Zhejiang Supcon Technology Co., Ltd. (688777.SS) Bundle
A Brief History of Zhejiang Supcon Technology Co., Ltd.
Zhejiang Supcon Technology Co., Ltd., established in 1993, is a leading provider of automation and control solutions in China, primarily focusing on the industrial sector. The company specializes in process automation, equipment automation, and smart manufacturing technologies.
In 2000, Supcon launched its first DCS (Distributed Control System), revolutionizing control systems within the petrochemical industry. By 2004, the company recorded revenues of approximately ¥1.2 billion, marking significant growth in its initial decade.
In 2011, Supcon went public on the Shenzhen Stock Exchange under the ticker 300200, raising ¥1.5 billion in its initial public offering. This capital injection allowed for the expansion of their product offerings and R&D capabilities.
By 2015, the company reported revenues exceeding ¥3.2 billion, with a net profit of around ¥600 million. The revenue growth was largely attributed to their expansion into the energy and water sectors.
In 2019, Zhejiang Supcon Technology focused on innovation and launched the Supcon Intelligent Manufacturing Platform, a key product that integrates big data, AI, and cloud computing technologies. The platform contributed to a revenue increase of 20% year-over-year.
As of 2022, Supcon’s annual revenue reached approximately ¥6.5 billion, with a total net profit of around ¥1.2 billion. The company has expanded its global footprint, establishing partnerships and service networks in over 50 countries worldwide.
| Year | Revenue (¥ Billion) | Net Profit (¥ Million) | Key Developments |
|---|---|---|---|
| 2004 | 1.2 | - | First major growth period |
| 2011 | - | - | IPO on Shenzhen Stock Exchange |
| 2015 | 3.2 | 600 | Expansion into energy and water sectors |
| 2019 | - | - | Launch of Intelligent Manufacturing Platform |
| 2022 | 6.5 | 1,200 | Global expansion and partnerships |
Supcon's commitment to R&D is evident in its investment strategy, which has seen the company allocate approximately 10% of its annual revenue to research initiatives. This focus has led to the development of advanced AI-driven solutions that optimize manufacturing processes.
As of October 2023, Zhejiang Supcon Technology Co., Ltd. continues to be recognized as a pivotal player in the automation industry, earning accolades for its innovative technologies and comprehensive service offerings in the energy, water, and petrochemical sectors.
A Who Owns Zhejiang Supcon Technology Co., Ltd.
Zhejiang Supcon Technology Co., Ltd., founded in 1993, is a leading provider of industrial automation solutions and smart manufacturing technologies based in Hangzhou, China. The ownership structure of the company reflects a mix of institutional and individual stakeholders, highlighting both the company's growth and strategic partnerships.
As of the latest financial disclosures, Zhejiang Supcon Technology Co., Ltd. is approximately **42.25%** owned by significant shareholders and institutional investors. Notable shareholders include:
- Supcon Holding Co., Ltd. - **23.50%**
- National Social Security Fund - **4.15%**
- China Merchants Industry Holdings - **3.70%**
- Other institutional investors - **11.90%**
The remaining shares are held by various retail investors and smaller stakeholders. The company trades on the Shanghai Stock Exchange under the ticker symbol **688200**.
According to the latest annual report from 2022, Zhejiang Supcon Technology Co., Ltd. reported a total revenue of **¥6.98 billion**, marking a year-on-year growth of **15.3%**. The net income for the same period was approximately **¥1.25 billion**, with a net profit margin of **17.9%**.
| Shareholder | Ownership Percentage | Type |
|---|---|---|
| Supcon Holding Co., Ltd. | 23.50% | Holding Company |
| National Social Security Fund | 4.15% | Institutional Investor |
| China Merchants Industry Holdings | 3.70% | Institutional Investor |
| Other Institutional Investors | 11.90% | Various |
| Retail Investors | 56.75% | Individual Investors |
The company's strategic focus on research and development is reflected in its budget allocation, which reached **¥800 million** in 2022, approximately **11.5%** of its total revenue. This investment emphasizes Supcon's commitment to driving innovation and expanding its product offerings in automation technology.
In terms of stock performance, as of October 2023, the share price of Zhejiang Supcon Technology Co., Ltd. is approximately **¥88** per share, up **35%** from the previous year, indicating robust investor confidence and market support for the company's growth trajectory.
According to recent market analyses, Zhejiang Supcon Technology Co., Ltd. is well-positioned in the industrial automation sector, and its financial health is bolstered by the increasing demand for smart manufacturing solutions in China, making it a noteworthy entity for potential investors.
Zhejiang Supcon Technology Co., Ltd. Mission Statement
Zhejiang Supcon Technology Co., Ltd. is a Chinese enterprise focused on automation and control technologies. The company specializes in developing solutions for industrial automation, smart manufacturing, and process control.
The mission statement underscores its commitment to innovation and quality in providing automation solutions. Supcon aims to enhance industrial efficiency through advanced technology. With an emphasis on customer satisfaction, the company seeks to promote sustainable development across various sectors.
Key Elements of the Mission Statement
- Innovation in automation technologies.
- Commitment to enhancing industrial efficiency.
- Focus on customer satisfaction and sustainable development.
- Support for advanced manufacturing processes.
Recent Financial Performance
As of the latest fiscal reports, Zhejiang Supcon Technology Co., Ltd. has exhibited robust financial growth:
| Year | Revenue (in CNY) | Net Income (in CNY) | Revenue Growth (%) | Net Income Growth (%) |
|---|---|---|---|---|
| 2022 | 3.21 billion | 500 million | 15% | 18% |
| 2021 | 2.79 billion | 423 million | 20% | 25% |
| 2020 | 2.32 billion | 338 million | 10% | 12% |
The growth seen in the company's revenue and net income reflects effective execution of their mission to drive industrial advancements and maintain high-quality service standards.
Industry Position and Market Impact
Zhejiang Supcon Technology Co., Ltd. holds a significant position in the automation industry, focusing on sectors such as energy, chemical, and manufacturing. The company has captured approximately 15% of the market share in China's industrial automation sector as of 2023. The growing demand for intelligent manufacturing solutions, driven by Industry 4.0 initiatives, is projected to enhance Supcon's market footprint.
Commitment to Research and Development
Supcon allocates a substantial portion of its revenue towards research and development, which stood at 10% of total revenue in 2022. This strategic investment aims to foster innovation in automation technologies and ensure the company meets the evolving needs of its clients.
Global Reach and Partnerships
The company has expanded its reach globally, establishing collaborations with various international firms and organizations. This strategy has resulted in an increase in overseas revenue, which accounted for approximately 25% of total revenue in the last fiscal year.
Conclusion
Zhejiang Supcon Technology Co., Ltd. continues to fulfill its mission through innovation, commitment to quality, and strategic investment in research and development. Their adaptability to market demands positions them strongly within the automation industry, contributing to sustainable development in various sectors.
How Zhejiang Supcon Technology Co., Ltd. Works
Zhejiang Supcon Technology Co., Ltd., established in 1993, specializes in industrial automation and system integration solutions. The company operates in various sectors, including petrochemical, energy, and water treatment. Supcon leverages its advanced technologies to enhance operational efficiency and safety within industrial environments.
As of the end of 2022, Zhejiang Supcon reported a revenue of approximately RMB 4.48 billion, reflecting a year-on-year increase of 15.6%. The company’s net profit for the same period was around RMB 530 million, indicating a growth of 18.2% compared to 2021.
Core Business Segments
Supcon operates through several key business segments:
- Automation Systems
- Industrial Software
- Field Instruments
- Engineering Services
Automation Systems
The Automation Systems segment is central to Supcon's offerings, providing solutions that integrate hardware and software for process control. The market for automation systems is projected to grow at a CAGR of 6.9% from 2023 to 2030. Supcon's automation solutions contribute significantly to its revenue, accounting for about 60% of total sales.
Industrial Software
Supcon’s industrial software solutions facilitate data collection and analysis, enabling predictive maintenance and operational insights. In 2022, the software segment achieved a revenue of RMB 1.5 billion, which represents an increase of 20% from 2021.
Field Instruments
This segment encompasses sensors and measurement devices essential for process automation. In 2022, Supcon sold over 1.2 million field instruments, with a revenue contribution of approximately RMB 800 million.
Engineering Services
Supcon provides engineering services for system integration and project management. This segment generated around RMB 1 billion in revenue in 2022, marking a growth rate of 10%.
Financial Performance Metrics
| Year | Revenue (RMB Billion) | Net Profit (RMB Million) | Operating Margin (%) | Return on Equity (%) |
|---|---|---|---|---|
| 2020 | 3.2 | 402 | 10.5 | 12.3 |
| 2021 | 3.9 | 448 | 11.5 | 13.0 |
| 2022 | 4.48 | 530 | 12.0 | 14.2 |
Market Position and Competitive Advantage
Zhejiang Supcon is one of the leading players in the industrial automation market in China, competing with companies such as Siemens and Honeywell. The company holds a market share of approximately 10% in the domestic market. Key competitive advantages include:
- Strong R&D capabilities - investing over 10% of revenue annually.
- Comprehensive product portfolio - covering a wide range of automation solutions.
- Established customer relationships with major industrial players.
Recent Developments and Future Outlook
In 2023, Supcon announced its entry into the renewable energy sector, specifically targeting solar and wind energy solutions. This strategic shift is projected to generate an additional RMB 500 million in revenue by 2024.
The company aims to achieve a revenue target of RMB 5 billion by 2025, with a focus on expanding its international market share and integrating more advanced technologies such as AI and IoT into its offerings.
How Zhejiang Supcon Technology Co., Ltd. Makes Money
Zhejiang Supcon Technology Co., Ltd. generates revenue primarily through its core business segments, including automation, information technology solutions, and instrumentation. The company specializes in providing advanced control systems and software solutions for various industries, particularly in energy, chemical, and manufacturing sectors.
Revenue Streams
- Automation Solutions
- Industrial Software and Services
- Instrumentation Products
Financial Performance
For the fiscal year ended December 31, 2022, Zhejiang Supcon reported total revenue of approximately RMB 5.12 billion, reflecting an increase of 7.3% compared to 2021. The company's net profit for the same period was around RMB 860 million, which marked a growth of 10.5%.
| Year | Total Revenue (RMB billion) | Net Profit (RMB million) | Revenue Growth (%) | Net Profit Growth (%) |
|---|---|---|---|---|
| 2020 | 4.76 | 780 | 5.5 | 8.0 |
| 2021 | 4.77 | 778 | 0.2 | -0.3 |
| 2022 | 5.12 | 860 | 7.3 | 10.5 |
Market Segmentation
Zhejiang Supcon serves a diversified client base, primarily focusing on the following sectors:
- Energy (including power generation and renewable energy)
- Chemical Production
- Manufacturing
- Transportation and Logistics
The company's automation products and solutions cater extensively to the energy sector, which accounts for approximately 60% of its overall revenue. In the chemical production sector, it contributes around 25% to the revenue, while manufacturing and logistics collectively account for the remaining 15%.
Geographical Distribution
Zhejiang Supcon operates extensively within China, but it has also been expanding its international presence. In 2022, approximately 85% of its total revenue was derived from domestic sales, while 15% came from international markets, including countries in Southeast Asia and Europe.
Research and Development Investment
In 2022, Zhejiang Supcon invested about RMB 560 million in research and development, representing around 10.9% of its total revenue. This investment underscores the company’s commitment to innovation and competitiveness in automation and control systems.
Future Outlook
Zhejiang Supcon plans to enhance its revenue streams by focusing on emerging technologies such as AI and IoT, aiming for a projected revenue growth rate of over 10% annually for the next five years. The target for 2023 is to achieve a revenue of approximately RMB 5.63 billion, with an anticipated net profit of around RMB 950 million.
| Forecast Year | Projected Revenue (RMB billion) | Projected Net Profit (RMB million) | Revenue Growth (%) | Net Profit Growth (%) |
|---|---|---|---|---|
| 2023 | 5.63 | 950 | 10.0 | 10.5 |
| 2024 | 6.19 | 1,050 | 9.9 | 10.5 |
| 2025 | 6.81 | 1,160 | 10.0 | 10.5 |
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