Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. (002585.SZ) Bundle
An Overview of Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.
General Summary of Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.
Jiangsu Shuangxing Color Plastic New Materials Co., Ltd., established in 1993, specializes in the development and production of plastic products, particularly focusing on color masterbatches and functional masterbatches. The company has evolved into a key player in the plastic materials industry, becoming well-known for its innovative solutions and high-quality products. By 2024, Jiangsu Shuangxing has expanded its product portfolio to include various plastic additives and engineering plastics, serving industries such as packaging, construction, and automotive.
As of 2024, the company reported sales of approximately RMB 3.5 billion, indicating robust demand for its products and a strong market presence. The company’s commitment to quality and environmental sustainability has solidified its reputation among clients both domestically and internationally.
Company's Financial Performance in the Latest Financial Reports
In its latest financial reports for the year ending December 2023, Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. reported record-breaking revenue of RMB 3.5 billion, a growth of 15% compared to the previous year. The growth was largely driven by a 20% increase in sales of color masterbatches, which form the core of the company's product offerings.
The following table summarizes key financial figures from the most recent fiscal year:
| Financial Metrics | 2023 (RMB) | 2022 (RMB) | Year-over-Year Growth (%) |
|---|---|---|---|
| Total Revenue | 3,500,000,000 | 3,043,478,260 | 15% |
| Net Profit | 420,000,000 | 365,217,391 | 15% |
| EBITDA | 600,000,000 | 520,000,000 | 15.4% |
| Gross Margin | 21% | 19% | 2% |
The significant growth in revenue can be attributed to the company’s strategic investments in expanding its production capabilities and enhancing its product offerings, as well as increasing demand in emerging markets.
Introduction to Jiangsu Shuangxing as an Industry Leader
Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. is recognized as one of the leading companies in the plastic materials sector, thanks to its consistent product innovation and commitment to sustainability. The company's advanced research and development capabilities allow it to stay ahead of market trends, offering high-quality products that meet stringent environmental standards.
With a strong distribution network and an expanding global footprint, Jiangsu Shuangxing continues to capture market share and is well-positioned for future growth. Investors and stakeholders can find out more below to understand why Jiangsu Shuangxing has become synonymous with quality and reliability in the plastic materials industry.
Mission Statement of Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.
Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. Mission Statement
The mission statement of Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. emphasizes its commitment to providing high-quality, innovative plastic materials while promoting sustainable practices. It serves as a guiding principle for the company’s strategic objectives and customer relations. This mission aligns with the growing demand for eco-friendly products in the global market and reflects the company's dedication to industry leadership.
Core Component 1: Quality
Quality is at the forefront of Jiangsu Shuangxing's mission. The company aims to deliver products that meet international standards, ensuring reliability and performance. In 2023, Jiangsu Shuangxing achieved a production capacity of 50,000 tons of plastic materials per year, bolstered by a 95% customer satisfaction rate based on recent surveys.
| Year | Production Capacity (tons) | Customer Satisfaction (%) | Quality Certifications |
|---|---|---|---|
| 2021 | 40,000 | 90 | ISO 9001, ISO 14001 |
| 2022 | 45,000 | 93 | ISO 9001, ISO 14001, GMP |
| 2023 | 50,000 | 95 | ISO 9001, ISO 14001, GMP, UL |
Core Component 2: Innovation
Innovation drives Jiangsu Shuangxing’s product development. In 2023, the company invested 10% of its annual revenue into research and development, aiming to create advanced materials that meet market needs. The company has launched several new products, including eco-friendly alternatives, which contributed to an increase in market share by 15% over the past year.
- Investment in R&D (2023): ¥100 million
- New Product Launches (2023): 5 eco-friendly materials
- Market Share Increase (2023): 15%
Core Component 3: Sustainability
Sustainability is integral to Jiangsu Shuangxing’s mission. The company has implemented various eco-friendly practices, including the use of recycled materials, which has led to a reduction in carbon emissions by 20% since 2021. Furthermore, Jiangsu Shuangxing aims to achieve a 100% waste recycling rate by 2025, showcasing its commitment to environmental responsibility.
| Year | Carbon Emission Reduction (%) | Recycled Material Usage (%) | Waste Recycling Goal (%) |
|---|---|---|---|
| 2021 | 0 | 30 | 100 (by 2025) |
| 2022 | 10 | 40 | 100 (by 2025) |
| 2023 | 20 | 50 | 100 (by 2025) |
Vision Statement of Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.
Vision Statement Overview
Jiangsu Shuangxing Color Plastic New Materials Co., Ltd. positions itself as a leader in the synthetic resin industry, focusing on sustainable development and innovation in plastic materials. By 2024, the vision statement reflects a commitment to environmental stewardship and market expansion.
Commitment to Sustainability
The emphasis on sustainability is evident in the company's strategic initiatives. Jiangsu Shuangxing aims to reduce its carbon footprint by 30% by the year 2025. This commitment translates into investments in renewable energy sources and waste reduction technologies.
| Year | Carbon Footprint Reduction Goal (%) | Investment in Renewable Energy (CNY) |
|---|---|---|
| 2024 | 30 | 50 million |
| 2025 | 50 | 100 million |
Innovation in Product Development
Innovation stands at the core of Jiangsu Shuangxing's vision. The company plans to allocate 15% of its annual revenue to research and development, targeting new biodegradable products in response to market demand.
| Year | Annual Revenue (CNY) | R&D Investment (CNY) |
|---|---|---|
| 2023 | 1 billion | 150 million |
| 2024 | 1.1 billion | 165 million |
Market Expansion Goals
As part of its vision for 2024, Jiangsu Shuangxing aims to increase its market share in international markets by 20%. This includes establishing partnerships in Europe and North America, focusing on eco-friendly materials that appeal to these regions.
| Region | Current Market Share (%) | Projected Market Share in 2024 (%) |
|---|---|---|
| China | 45 | 43 |
| Europe | 10 | 15 |
| North America | 5 | 10 |
Employee Engagement and Development
The vision includes a strong focus on employee development, aiming for an annual training investment of CNY 5 million. The goal is to enhance employee skills and promote a culture of innovation within the company.
| Year | Employee Training Investment (CNY) | Number of Employees Trained |
|---|---|---|
| 2023 | 5 million | 500 |
| 2024 | 5.5 million | 550 |
Technological Advancements
Utilizing cutting-edge technology is a priority, with a focus on integrating AI and machine learning into production processes. Jiangsu Shuangxing plans to reduce production costs by 20% through these advancements by 2025.
| Year | Current Production Cost (CNY) | Target Production Cost Reduction (%) |
|---|---|---|
| 2023 | 200 million | 20 |
| 2025 | 160 million | N/A |
Core Values of Jiangsu Shuangxing Color Plastic New Materials Co., Ltd.
Innovation
Innovation is a core value at Jiangsu Shuangxing Color Plastic New Materials Co., Ltd., driving the company to develop advanced products and processes.
In 2023, the company invested approximately ¥120 million in R&D, resulting in the launch of several new eco-friendly plastic products. This included the introduction of biodegradable materials that reduced carbon emissions by 30%.
The company has also collaborated with local universities to foster innovation, sponsoring projects that led to the development of new polymer technologies. These initiatives have positioned Jiangsu Shuangxing as a leader in sustainable materials within the industry.
Quality
Quality is paramount at Jiangsu Shuangxing. The company maintains strict standards across all its manufacturing processes, ensuring that every product meets or exceeds customer expectations.
In 2023, Jiangsu Shuangxing achieved a 99.5% quality assurance rate, showcasing its commitment to excellence. The implementation of Six Sigma methodologies has streamlined operations, leading to a reduction in defects by 25%.
The company has also received ISO 9001 certification, further solidifying its dedication to quality management systems and continuous improvement.
Sustainability
Sustainability remains a cornerstone of Jiangsu Shuangxing's operations. The company focuses on reducing its environmental impact through responsible sourcing and waste management.
Recent initiatives include a goal to recycle 80% of manufacturing waste by 2025. In 2023, they achieved a recycling rate of 70%, preventing approximately 15,000 tons of plastic waste from entering landfills.
Additionally, Jiangsu Shuangxing has launched a program to educate suppliers on sustainable practices, aiming to extend its sustainability efforts across the supply chain.
Customer Focus
Customer focus drives Jiangsu Shuangxing to understand and meet the specific needs of its clients. The company actively engages with customers through feedback and collaborative projects.
In 2023, customer satisfaction ratings reached 95%, underscoring the effectiveness of this approach. The launch of a new customer relationship management system has facilitated better communication and service delivery.
Furthermore, Jiangsu Shuangxing has initiated a series of client workshops, where customers can provide direct input into product development, ensuring that offerings align closely with market needs.
| Core Value | Investment (2023) | Quality Assurance Rate | Recycling Rate | Customer Satisfaction |
|---|---|---|---|---|
| Innovation | ¥120 million | N/A | N/A | N/A |
| Quality | N/A | 99.5% | N/A | N/A |
| Sustainability | N/A | N/A | 70% | N/A |
| Customer Focus | N/A | N/A | N/A | 95% |
Teamwork
Teamwork is vital for fostering collaboration and driving performance throughout Jiangsu Shuangxing. The company promotes a culture where employees are encouraged to work together toward common goals.
In 2023, Jiangsu Shuangxing implemented team-building workshops, resulting in a 15% increase in employee engagement scores. This initiative helped to break down silos and enhance cross-departmental collaboration.
Moreover, the company has established cross-functional teams to tackle key projects, leading to faster decision-making processes and innovative solutions.
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