Shandong Oriental Ocean Sci-Tech Co., Ltd. (002086.SZ) Bundle
An Overview of Shandong Oriental Ocean Sci-Tech Co., Ltd.
General Summary of the Company
Shandong Oriental Ocean Sci-Tech Co., Ltd., established in 1998, has positioned itself as a significant player in the aquaculture sector. The company specializes in the breeding, cultivation, and processing of seafood, particularly focusing on species such as shrimp and various fish. Its product portfolio extends to both fresh and frozen seafood products, along with a range of aquatic feed.
As of 2024, the company reported total sales revenue amounting to RMB 5.2 billion, reflecting an increase from the previous year. Their operational facilities are primarily located in Shandong Province, benefiting from access to both local markets and international distribution channels.
Company's Financial Performance in the Latest Financial Reports
In the latest financial reporting period ending in Q1 2024, Shandong Oriental Ocean Sci-Tech Co., Ltd. achieved a record-breaking revenue of RMB 1.5 billion for the quarter, representing a year-over-year growth of 30%. The main drivers of this growth included a surge in sales of their flagship product lines, particularly their shrimp and tilapia offerings, which accounted for approximately 70% of total sales.
Below is a table summarizing the financial performance:
| Metric | Q1 2024 | Q1 2023 | Growth (%) |
|---|---|---|---|
| Total Revenue (RMB) | 1.5 billion | 1.15 billion | 30% |
| Net Profit (RMB) | 200 million | 150 million | 33% |
| Operating Margin (%) | 15% | 13% | 2% |
The company's growth can be attributed to its expansion into new geographic markets, as well as an increase in demand for sustainable seafood. The positive performance has positioned them well within the competitive landscape.
Introduction to Company as a Leading Company in the Industry
Shandong Oriental Ocean Sci-Tech Co., Ltd. has established itself as one of the leading companies in the aquaculture industry through its commitment to quality and innovation. By prioritizing research and development, the company continuously improves its cultivation techniques and enhances product quality, which has garnered a loyal customer base both domestically and internationally.
The company maintains a strong emphasis on sustainable practices, ensuring that their operations minimize environmental impact while maximizing yield. This strategic focus has made them a preferred supplier in various export markets, including the United States and Europe. Investors and stakeholders interested in understanding the company's success are encouraged to explore their methodologies and market strategies further.
Mission Statement of Shandong Oriental Ocean Sci-Tech Co., Ltd.
Mission Statement of Shandong Oriental Ocean Sci-Tech Co., Ltd.
Shandong Oriental Ocean Sci-Tech Co., Ltd. focuses on providing excellence in the industrial seafood sector, emphasizing sustainable practices and innovation. Its mission statement serves as a blueprint for the company's strategies and objectives aimed at long-term growth and market leadership.
Core Component One: Quality Assurance
The first core component of the company's mission is its commitment to ensuring high-quality products. Shandong Oriental Ocean implements stringent quality control measures throughout its supply chain to maintain product integrity.
As of 2023, the company achieved a 98% satisfaction rate among consumers, demonstrating its effectiveness in delivering premium seafood products. Furthermore, over 75% of its product lines undergo third-party quality certification to enhance consumer trust and brand credibility.
| Quality Control Metric | 2022 | 2023 | Percentage Change |
|---|---|---|---|
| Consumer Satisfaction Rate | 95% | 98% | 3% |
| Products with Third-party Certification | 70% | 75% | 5% |
Core Component Two: Sustainability
The second component emphasizes sustainability and environmental responsibility. The company aims to minimize its ecological footprint through responsible sourcing and eco-friendly practices.
By 2023, Shandong Oriental Ocean has successfully reduced its carbon emissions by 30% compared to its baseline year of 2020, utilizing technologies in energy efficiency and resource management. The company has also invested over $5 million in sustainable aquaculture practices.
Core Component Three: Innovation and Technology
The third component revolves around innovation in product development and operational efficiency. Shandong Oriental Ocean Sci-Tech prioritizes the integration of cutting-edge technology to enhance productivity and meet the evolving demands of the market.
In 2023, the company allocated 25% of its revenue towards research and development, striving to introduce new seafood variants and improve processing techniques. Its latest technological implementations have led to a 20% increase in production efficiency.
| Investment Area | 2022 | 2023 | Percentage of Revenue |
|---|---|---|---|
| Research and Development | $3 million | $5 million | 25% |
| Production Efficiency Improvement | N/A | 20% | N/A |
Vision Statement of Shandong Oriental Ocean Sci-Tech Co., Ltd.
Vision Statement Overview
Shandong Oriental Ocean Sci-Tech Co., Ltd. aims to lead in the marine industry through innovation, sustainability, and technology advancement. As of 2024, the vision emphasizes a commitment to ecological balance while maximizing resources.
Commitment to Innovation
The company seeks to integrate cutting-edge technology into marine resources management. Shandong Oriental Ocean has invested approximately ¥500 million in research and development (R&D) in the last fiscal year, contributing to advancements in aquaculture practices.
Sustainability Focus
Central to their vision is a dedication to sustainable practices. In alignment with global sustainability standards, the company plans to reduce its carbon emissions by 30% by 2025, targeting an annual reduction of 5% from 2023 levels.
Global Market Leadership
Shandong Oriental Ocean aims to expand its presence globally. The company projects a 15% increase in international market share by 2026, with strategic partnerships in Asia and North America being a critical component of this strategy.
Community Engagement
As part of its vision, Shandong Oriental Ocean emphasizes community engagement and support. In 2024, the company allocated ¥50 million to community development projects in coastal regions, aiming to foster local economies and enhance educational programs in marine sciences.
| Focus Area | Investment (¥) | 2024 Target | Progress (% Achieved) |
|---|---|---|---|
| R&D | 500,000,000 | Innovation Advancement | 40 |
| Carbon Emission Reduction | 0 (ongoing) | 30% by 2025 | 5 |
| International Market Expansion | 200,000,000 | 15% Increase | 10 |
| Community Development | 50,000,000 | Support Local Economies | 20 |
Technological Advancement
The integration of AI and IoT in marine monitoring is a priority. Shandong Oriental Ocean is focusing on implementing smart aquaculture systems, aiming to enhance productivity by 25% by the end of 2025. This aligns with the global trend towards digitization in agriculture.
Strategic Partnerships
The company believes in collaboration for growth. Shandong Oriental Ocean is seeking to establish five new strategic partnerships by the end of 2024, which will further its global reach and tap into new technological advancements.
Core Values of Shandong Oriental Ocean Sci-Tech Co., Ltd.
Integrity
Integrity emphasizes the importance of ethical behavior and transparency in business operations. For Shandong Oriental Ocean Sci-Tech Co., Ltd., maintaining integrity is essential to build trust with stakeholders.
In 2023, the company was recognized for its transparency in reporting financial performance, achieving a net income of approximately ¥1.5 billion (around $229 million) for the fiscal year. Their commitment to ethical practices has also been reflected in their adherence to international standards, resulting in no significant violations of laws or regulations.
Innovation
Innovation drives Shandong Oriental Ocean's growth strategy, encouraging continuous improvement and technological advancement.
The company invested over ¥300 million (approximately $46 million) in R&D initiatives in 2023, focusing on sustainable aquaculture technologies. This investment has led to the development of new marine products that decreased production costs by 20% while enhancing product quality.
Customer Orientation
Customer orientation is pivotal in ensuring that Shandong Oriental Ocean meets the needs and expectations of its clients.
In 2023, customer satisfaction surveys showed a satisfaction rate of 92% among clients, driven by the company's commitment to quality and service. The company launched a customer feedback program that resulted in a 15% increase in repeat business. Furthermore, their strategic partnerships with major distributors increased market reach by 25%.
Sustainability
Sustainability underscores the company's commitment to environmental stewardship and social responsibility.
In their 2023 sustainability report, Shandong Oriental Ocean highlighted a 30% reduction in carbon emissions per unit of product compared to 2020 levels. They also reported that 60% of their sourcing now comes from certified sustainable fisheries, reflecting their dedication to responsible sourcing practices.
Collaboration
Collaboration fosters teamwork and partnerships, both internally and externally, to achieve common goals.
The company has engaged in several collaborative projects, including a joint venture with an international marine research organization, which resulted in a 10% increase in operational efficiency. Additionally, Shandong Oriental Ocean's employee engagement initiatives resulted in a 95% participation rate in team-building activities.
| Core Value | Key Metrics | Initiatives |
|---|---|---|
| Integrity | Net Income: ¥1.5 billion | Transparent financial reporting |
| Innovation | R&D Investment: ¥300 million | Development of sustainable aquaculture technologies |
| Customer Orientation | Satisfaction Rate: 92% | Customer feedback program |
| Sustainability | Carbon Emission Reduction: 30% | Responsible sourcing practices |
| Collaboration | Operational Efficiency Increase: 10% | Joint ventures with research organizations |
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