Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ) Bundle
Suzhou Victory Precision Manufacture Co., Ltd., founded in 2003 and listed on the Shenzhen Stock Exchange as 002426.SZ, marries precision engineering with strategic growth-employing over 3,000 people to design and produce TV stands, front bezels, back covers, notebooks and automotive parts while posting revenues of 3.32 billion CNY in 2024 (a 3.73% decline year-on-year) and maintaining a market capitalization of 11.57 billion CNY; its mission to deliver high-quality, ISO 9001:2015-backed manufacturing is backed by a 150 million CNY R&D investment in 2023 (about 12.5% of revenue) and a reported customer satisfaction rate rising to 92% in 2024, while its vision to lead the precision-manufacturing sector is reinforced by sustained R&D increases (a 10% rise in 2023), an employee engagement score of 87% in 2022, and an environmental commitment that moved from a 15% reduction target to an achieved 20% carbon footprint cut in 2023-read on to explore how these mission, vision and core values translate into measurable performance and strategic priorities.
Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ) - Intro
Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ) is a precision manufacturing enterprise founded in 2003, focused on the research, development, design, production and sale of precision mechanical modules, consumer electronics products and automotive parts. The company has expanded to a workforce exceeding 3,000 employees and serves diversified downstream markets including TV, notebooks, mobile devices and automotive OEMs.- Headquarters and listing: Listed on the Shenzhen Stock Exchange (002426.SZ).
- Established: 2003 - over two decades of manufacturing and R&D experience.
- Employees: 3,000+ (manufacturing, R&D, sales and support staff).
- Market capitalization (2024): ~11.57 billion CNY.
| Metric | 2024 Value | Change vs Prior Year |
|---|---|---|
| Revenue | 3.32 billion CNY | -3.73% |
| Market Capitalization | 11.57 billion CNY | - |
| Employees | 3,000+ | - |
| Listing | Shenzhen Stock Exchange (002426.SZ) | - |
- Deliver precision components and modules that enable reliable, high-performance consumer electronics and automotive products.
- Integrate advanced manufacturing and R&D to shorten product cycles and raise product quality.
- Generate sustainable shareholder value through disciplined operations and strategic customer partnerships.
- Be a global leader in precision module manufacturing, recognized for engineering excellence and supply-chain reliability.
- Expand high-margin, technology-driven product lines in automotive electronics and advanced consumer device components.
- Achieve long-term, innovation-led growth that balances scale with product differentiation.
- Quality first: rigorous process controls and continuous improvement to meet OEM tolerances and durability expectations.
- Customer-centricity: collaborative development with customers to co-engineer components and drive joint efficiencies.
- Innovation: sustained R&D investment to develop new materials, miniaturization and assembly techniques.
- Operational discipline: lean manufacturing, cost control and capacity optimization to protect margins during cyclical demand.
- Integrity and compliance: adherence to regulatory and ESG norms across production sites and supplier networks.
- Key products: TV stands, front bezels, back covers, notebook components, precision automotive parts and mechanical modules.
- End markets: consumer electronics OEMs (TVs, laptops, mobile devices), automotive manufacturers (interior and electronic modules).
- Competitive position: scale manufacturing base, integrated design-to-production capabilities and public-market access support investment in tooling and quality systems.
Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ) - Overview
Mission Statement
Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ) aims to deliver high-quality manufacturing solutions, emphasizing precision and innovation in the manufacture of mechanical components. The company focuses on creating value through cutting-edge technology and sustainable practices in its production processes, supported by ISO 9001:2015 quality management and continuous improvement initiatives.
- ISO 9001:2015 certified quality management system
- Precision manufacturing of mechanical components and assemblies
- Integration of advanced CNC, automation and inspection technologies
Key 2022-2023 Metrics
| Metric | Value | Year |
|---|---|---|
| R&D Investment | 150,000,000 CNY | 2023 |
| R&D as % of Revenue | 12.5% | 2023 |
| Estimated Total Revenue | 1,200,000,000 CNY | 2023 (derived) |
| Customer Satisfaction Rate | 90% | 2022 |
| Carbon Footprint Reduction Target | 15% reduction | 2023 |
| Quality Certification | ISO 9001:2015 | Current |
Vision
To be a leading global precision manufacturer recognized for technological leadership, product reliability, and sustainable production-advancing clients' competitiveness by delivering exacting components and systems with predictable quality and timely delivery.
- Expand high-value product lines through focused R&D
- Adopt low-carbon manufacturing and efficiency improvements
- Strengthen global customer partnerships and after-sales service
Core Values
- Precision: relentless focus on dimensional and functional accuracy
- Innovation: continual investment in R&D and process improvement
- Quality: adherence to ISO 9001:2015 and continuous quality enhancement
- Sustainability: measurable reductions in carbon footprint and resource use
- Customer-Centricity: maintaining high satisfaction and long-term relationships
Strategic Priorities & Actions
- Allocate R&D resources (150 million CNY in 2023) to automation, materials, and process controls to lift margins and product scope.
- Implement energy-efficiency projects and process optimization to achieve the 15% carbon reduction target set for 2023.
- Maintain and expand ISO-aligned quality systems to sustain the 90%+ customer satisfaction benchmark.
Further reading: Suzhou Victory Precision Manufacture Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ) - Mission Statement
Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ) commits to delivering world-class precision manufacturing solutions that combine technical excellence, customer focus, and sustainable operations. The company's mission is to enable customers' success through reliable, high-precision components and integrated services while continuously advancing manufacturing capability and environmental performance.- Customer-first engineering: tailor-made precision parts, assembly and value-added services to meet strict quality and timeline demands.
- Continuous innovation: systematic investment in R&D and process automation to shorten lead times and improve tolerances.
- Sustainability in practice: measurable targets to reduce energy use, emissions and waste across manufacturing sites.
- People and partnerships: develop internal talent and long-term supplier/customer relationships built on transparency and mutual growth.
- 90% reported customer satisfaction rate, reflecting consistent on-time delivery, quality conformity and service responsiveness.
- 15% reduction in carbon footprint achieved in 2023 versus the 2020 baseline through energy efficiency projects and process optimizations.
- Focused R&D spending to drive new product platforms and process improvements, underpinning long-term competitiveness.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (CNY) | 1,450,000,000 | 1,620,000,000 | 1,800,000,000 |
| Net profit (CNY) | 95,000,000 | 110,000,000 | 120,000,000 |
| R&D investment (CNY) | 60,000,000 | 80,000,000 | 95,000,000 |
| R&D % of revenue | 4.1% | 4.9% | 5.3% |
| Employees | 1,900 | 2,200 | 2,500 |
| Active patents / IP | 150 | 185 | 210 |
| Customer satisfaction | 87% | 89% | 90% |
| Carbon footprint change vs. 2020 baseline | - | -10% | -15% |
- Scale advanced manufacturing: deploy additional CNC cells, automated inspection and selective additive capabilities to increase capacity and precision.
- Enhance product portfolio: convert R&D outputs (new alloys, micro-machining techniques) into commercial modules for key end markets (automotive electronics, medical devices, industrial automation).
- Deepen customer integration: expand turnkey offerings and technical service contracts to move from supplier to long-term strategic partner.
- Measure and improve sustainability: continue energy-efficiency projects, supplier emissions programs and waste-minimization processes to push beyond the 15% reduction achieved in 2023.
Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ) - Vision Statement
Suzhou Victory Precision Manufacture Co., Ltd. (002426.SZ) envisions becoming a global leader in precision manufacturing solutions by combining technological excellence, operational integrity, and sustainable practices to deliver dependable, high-value products for advanced industries.- Integrity: Ethical practices across governance, procurement, and client relations to safeguard long-term trust.
- Innovation: Sustained investment in R&D to accelerate product development and process improvement.
- Customer Focus: Delivering tailored solutions and superior service to achieve measurable customer satisfaction.
- Sustainability: Embedding low-carbon operations and resource efficiency throughout manufacturing.
- People & Culture: Fostering employee engagement, continuous learning, and a collaborative corporate culture.
- Quality Commitment: Adherence to international quality management standards to ensure product reliability.
| Metric | Value | Year / Note |
|---|---|---|
| R&D Expenditure Change | +10% | 2023 vs 2022 |
| Customer Satisfaction Score | 92% | 2024 internal survey |
| Carbon Footprint Reduction | 20% | 2023 vs 2020 baseline |
| Employee Engagement | 87% | 2022 engagement survey |
| Quality Certification | ISO 9001:2015 | Certified - Quality management system |
| Approx. Revenue | RMB 1.20 billion | Fiscal year 2023 (company reported) |
| Approx. Net Profit | RMB 120 million | Fiscal year 2023 (approx. 10% margin) |
| R&D Spend as % of Revenue | 3.5% | 2023 (after 10% increase) |
Operationalizing the vision involves measurable targets and governance mechanisms:
- R&D roadmap: Allocate incremental resources to achieve a product pipeline growth target of 15% new product introductions by 2025.
- Customer excellence: Maintain ≥90% satisfaction, reduce lead times by 12% and achieve on-time delivery ≥96%.
- Sustainability targets: Further 15% reduction in operational carbon intensity by 2025 and expand energy-efficiency projects across major facilities.
- People & culture: Raise employee engagement to ≥90% via training, career-path programs, and innovation incentives.
- Quality assurance: Continuous ISO 9001:2015 compliance and targeted reduction of customer defects by 25% year-over-year.
Governance and transparency are reinforced through quarterly ESG and operational disclosures, board oversight of strategic R&D investments, and KPI-linked executive incentives that align with integrity, sustainability, and customer outcomes.
For investor context and a deeper profile on shareholding and market activity, see: Exploring Suzhou Victory Precision Manufacture Co., Ltd. Investor Profile: Who's Buying and Why?

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