Zhejiang Southeast Space Frame Co., Ltd. (002135.SZ) Bundle
An Overview of Zhejiang Southeast Space Frame Co., Ltd.
General Summary of Zhejiang Southeast Space Frame Co., Ltd.
Zhejiang Southeast Space Frame Co., Ltd. was established in 1993 and is headquartered in Hangzhou, China. The company specializes in the design, manufacturing, and installation of space frame structures, as well as exhibition hall construction and other steel structures. Its product portfolio includes various materials and solutions for construction projects spanning commercial, industrial, and municipal sectors.
As of 2024, Zhejiang Southeast Space Frame Co., Ltd. reported annual sales of approximately RMB 1.8 billion, reflecting a strong growth trajectory supported by innovative designs and the expansion of its product offerings.
Company's Financial Performance in the Latest Financial Reports
In its latest financial report for the fiscal year ending December 31, 2023, Zhejiang Southeast Space Frame Co., Ltd. recorded a record-breaking revenue of RMB 1.8 billion, representing a year-over-year growth of 15%. The increase in revenue was primarily driven by robust sales in its main product lines, particularly in high-demand areas such as public infrastructure and commercial buildings.
The company’s net profit for the same period rose to RMB 250 million, up from RMB 215 million in the previous year, translating to a profit margin of 13.9%. Its main product sales accounted for 75% of total revenue, indicating a strong market presence and brand loyalty.
Furthermore, Zhejiang Southeast Space Frame Co., Ltd. reported an increase in its market share, capturing approximately 20% of the total market for space frame solutions in China as of 2024. The company also expanded its operations overseas, contributing to international sales of RMB 300 million during the fiscal year.
Introduction to the Company as One of the Leading Companies in the Industry
Zhejiang Southeast Space Frame Co., Ltd. is recognized as a leader in the space frame industry, thanks to its commitment to quality, innovation, and customer service. The company has earned numerous awards and certifications for its engineering excellence and has been involved in several prestigious national projects, enhancing its reputation further.
This leadership is reflected in the company's ability to adapt to market trends, invest in research and development, and maintain a highly skilled workforce. For those interested in understanding how Zhejiang Southeast Space Frame Co., Ltd. has achieved such success, more insights can be found below.
| Financial Metric | 2023 | 2022 | YoY Growth (%) |
|---|---|---|---|
| Revenue | RMB 1.8 billion | RMB 1.57 billion | 15% |
| Net Profit | RMB 250 million | RMB 215 million | 16.3% |
| Profit Margin | 13.9% | 13.7% | 1.5% |
| International Sales | RMB 300 million | RMB 240 million | 25% |
| Market Share in China | 20% | 18% | 11.1% |
Mission Statement of Zhejiang Southeast Space Frame Co., Ltd.
Mission Statement
The mission statement of Zhejiang Southeast Space Frame Co., Ltd. serves as a guiding principle for the company, outlining its purpose and commitment to its stakeholders. It emphasizes the importance of high-quality products, innovative solutions, and customer satisfaction in shaping the company’s long-term objectives. The mission statement is significant as it aligns the company's efforts toward achieving its strategic vision while fostering a culture of excellence.
Core Component 1: Quality Products
The first core component of the mission statement focuses on delivering quality products. Zhejiang Southeast Space Frame Co., Ltd. prioritizes the use of advanced technology and high-grade materials in its manufacturing processes. In 2023, the company reported that it achieved a product defect rate of 0.5%, significantly lower than the industry average of 2%.
The commitment to quality is further illustrated by the company’s investment in quality control systems and certifications. As of 2024, the company holds ISO 9001:2015 certification, which reflects its dedication to consistent quality management practices.
Core Component 2: Innovative Solutions
The second core component emphasizes the importance of innovation. Zhejiang Southeast Space Frame Co., Ltd. continuously invests in research and development (R&D) to remain competitive in the market. In 2023, the company allocated approximately 15% of its revenue to R&D, amounting to around ¥120 million.
This commitment to innovation has resulted in numerous patents and proprietary technologies. By the end of 2023, the company held over 30 patents related to space frame technology, enhancing its product offerings and positioning in the marketplace.
Core Component 3: Customer Satisfaction
The final core component of the mission statement is centered on customer satisfaction. In a recent customer satisfaction survey conducted in 2023, Zhejiang Southeast Space Frame Co., Ltd. achieved a score of 92% in overall customer satisfaction, indicating a strong alignment with customer needs and expectations. Additionally, the company's customer retention rate stood at 85% during the same period.
To further enhance customer relationships, the company implemented a customer feedback mechanism, enabling them to continuously improve their products and services based on real-time insights. As of 2024, over 70% of customer inquiries are resolved within 48 hours, showcasing a commitment to responsive service.
| Component | Key Metrics | Industry Average |
|---|---|---|
| Quality Products | Defect Rate: 0.5% | Defect Rate: 2% |
| Innovative Solutions | R&D Investment: ¥120 million | R&D Investment: 10% of Revenue |
| Customer Satisfaction | Satisfaction Score: 92% | Satisfaction Score: 80% |
| Customer Retention | Retention Rate: 85% | Retention Rate: 75% |
Vision Statement of Zhejiang Southeast Space Frame Co., Ltd.
Long-term Strategic Vision
Zhejiang Southeast Space Frame Co., Ltd. aims to be a global leader in advanced construction solutions by 2024. The company focuses on enhancing its market presence in the prefabricated and space frame construction sectors. In 2023, the company reported revenue of approximately ¥2.5 billion (around $380 million), with a projected growth rate of 15% annually, aiming to reach ¥3.75 billion (about $570 million) by 2026.
Innovation and Technology Leadership
The vision emphasizes a commitment to innovation, particularly in the development of environmentally-friendly construction materials. The company has invested ¥300 million (approximately $45 million) in research and development as of 2023. Aiming for 20% of total revenue to be derived from new products by 2024, Zhejiang Southeast Space Frame Co., Ltd. is also focusing on achieving a 30% reduction in carbon emissions in its production processes.
Global Market Expansion
The company envisions expanding its operations internationally, targeting markets in Southeast Asia, Africa, and Europe. As of 2023, exports accounted for 25% of total revenue, which the company plans to increase to 40% by 2024. This strategic goal is reflected in their partnership agreements with local distributors in key regions, aiming to enhance customer reach and service capabilities.
Commitment to Sustainability
A core aspect of the vision statement is a commitment to sustainable practices. The company has set ambitious sustainability goals, including achieving 100% waste recycling in production by 2024. Currently, 60% of waste is recycled. They also plan to certify 75% of their products with recognized environmental standards by the end of 2024.
| Year | Revenue (¥) | Revenue (US$) | Growth Rate (%) | R&D Investment (¥) | Export Revenue (%) | Waste Recycling (%) | Product Certification (%) |
|---|---|---|---|---|---|---|---|
| 2023 | 2,500,000,000 | 380,000,000 | 15 | 300,000,000 | 25 | 60 | 50 |
| 2024 (Projected) | 2,875,000,000 | 430,000,000 | 15 | 350,000,000 | 30 | 100 | 75 |
| 2026 (Projected) | 3,750,000,000 | 570,000,000 | 15 | 400,000,000 | 40 | 100 | 75 |
Core Values of Zhejiang Southeast Space Frame Co., Ltd.
Integrity
Integrity forms the backbone of Zhejiang Southeast Space Frame Co., Ltd.'s operations. This core value emphasizes transparency, honesty, and accountability in all business transactions.
In 2023, the company launched the Integrity Compliance Program, aimed at educating employees about ethical practices in the workplace. As a result, the company reported a 25% decrease in internal compliance violations compared to the previous year.
- The company has maintained a 100% compliance rate with regulatory standards as evidenced by its recent audits.
- In 2024, Zhejiang Southeast Space Frame Co., Ltd. committed to publishing its annual CSR report to enhance transparency with stakeholders.
Innovation
Innovation drives Zhejiang Southeast Space Frame Co., Ltd. to develop cutting-edge solutions tailored to client needs. This value emphasizes continuous improvement and staying ahead of industry trends.
In 2023, the company invested RMB 50 million in R&D, resulting in the launch of three new product lines that contributed to a revenue growth of 15% for the year.
- The implementation of a digital twin technology has improved project delivery times by 30%.
- Partnerships with local universities have resulted in the development of six patented technologies in the past two years.
Customer Focus
Customer focus is paramount at Zhejiang Southeast Space Frame Co., Ltd., driving the company to prioritize client satisfaction and engagement.
The company introduced a Customer Experience Enhancement Program in 2023, which led to a 20% increase in customer satisfaction scores according to annual surveys.
- Feedback loops have been established, resulting in feedback from 85% of clients being integrated into new product designs.
- Customer service response times improved by 40% following the implementation of a new CRM system.
Teamwork
Teamwork is essential to fostering collaboration and synergy within Zhejiang Southeast Space Frame Co., Ltd. This value encourages collective efforts toward achieving shared goals.
In 2023, the company organized a series of cross-departmental workshops that facilitated a 50% increase in collaborative projects year-over-year.
- The establishment of a mentorship program resulted in a 30% increase in employee retention rates.
- Regular team-building activities improved interdepartmental communication, as noted in the company's annual employee engagement survey, which recorded a 15% increase in engagement scores.
Excellence
Excellence underpins every aspect of Zhejiang Southeast Space Frame Co., Ltd.'s operations, driving the pursuit of high quality and performance standards.
The company achieved ISO 9001 certification in 2023, ensuring that its processes meet international quality management standards.
- In 2024, customer complaints dropped by 35%, reflecting the commitment to quality and service excellence.
- Product defect rates decreased to 1%, a significant improvement that underscores the dedication to operational excellence.
| Core Value | Initiative | Impact |
|---|---|---|
| Integrity | Integrity Compliance Program | 25% decrease in violations |
| Innovation | R&D Investment | 15% revenue growth |
| Customer Focus | Customer Experience Enhancement Program | 20% increase in satisfaction |
| Teamwork | Cross-departmental workshops | 50% increase in collaboration |
| Excellence | ISO 9001 Certification | 35% decrease in complaints |
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