Yunnan Tin Company Limited (000960.SZ) Bundle
From a lineage stretching back to 1883 and formally established in 1998 with a Shenzhen listing in 2000, Yunnan Tin Company Limited stands as the world's largest tin producer and exporter, operating an integrated chain-exploration, mining, smelting, deep processing and new-material R&D-across tin, indium, zinc and copper; the company holds the globe's largest tin and indium reserves, a smelting capacity of 80,000 tonnes of tin and 125,000 tonnes of cathode copper, supplies core products from tin and indium ingots to cathode copper, zinc and tin chemicals under the recognized "YT" trademark registered on the London Metal Exchange, commands roughly 48% of China's tin market and about 25% of global tin production, and drives strategy through a mission to "keep pace with the times" via quality and innovation, a vision to be a global leader in technical development of all‑natural performance materials, and core values of innovation, growth and re‑innovation embedded in its "4+2" industrial framework.
Yunnan Tin Company Limited (000960.SZ) - Intro
Yunnan Tin Company Limited (000960.SZ), established in 1998 and listed on the Shenzhen Stock Exchange in 2000, traces its industrial lineage to tin mining and metallurgy activity dating back to 1883. As the world's largest tin producer and exporter, the company operates an integrated non-ferrous metals industrial chain spanning exploration, mining, smelting, deep processing and new material R&D, covering tin, indium, zinc, copper and related products. The 'YT' trademark is a recognized Chinese famous brand and is registered on the London Metal Exchange.
Overview - scale, reserves and capacity
Key operational scale and resource positions:
- Global leadership in tin: largest tin and indium reserves held by a single company.
- Integrated production capacity: 80,000 tonnes of smelted tin annually and 125,000 tonnes of cathode copper annually.
- Product breadth: tin ingots, tin profiles, tin chemical products, cathode copper, zinc ingots and indium ingots.
- Market share: ~48% of China's domestic tin market and ~25% of global tin production.
| Metric | Figure / Scope |
|---|---|
| Founding / listing | 1883 (historical origins) / 1998 established; listed 2000 (SZSE) |
| Smelted tin capacity | 80,000 tonnes/year |
| Cathode copper capacity | 125,000 tonnes/year |
| Domestic tin market share | ~48% |
| Global tin market share | ~25% |
| Key metals | Tin, Indium, Zinc, Copper |
| Brand recognition | 'YT' trademark; registered on the London Metal Exchange |
Mission Statement
To lead the global non-ferrous metals industry by delivering high-quality tin and related products through an integrated, innovation-led value chain while maximizing resource efficiency, ensuring environmental stewardship and creating long-term value for stakeholders.
Vision
To be the world's most sustainable and technologically advanced tin and non-ferrous metals company - expanding high-value deep-processing capabilities, accelerating new materials R&D, and strengthening resilient, low-carbon operations that support global industrial electrification and electronics supply chains.
Core Values
- Safety & Responsibility - prioritize occupational and environmental safety across all operations.
- Integrity & Compliance - transparent governance and strict regulatory adherence as a listed entity.
- Innovation & Quality - continuous investment in R&D and process upgrades to improve product purity and added value.
- Resource Stewardship - efficient extraction and processing to extend asset life and reduce waste intensity.
- Win‑Win Partnership - long-term relationships with customers, suppliers and communities.
Sustainability & Corporate Social Responsibility
- Resource conservation: integrated chain approach improves recovery rates across mining and smelting, reducing per‑unit raw material consumption.
- Environmental protection: investment in tailings management, emissions controls and wastewater treatment to meet national and local standards.
- Community engagement: employment and local development programs in Yunnan province and mining regions.
- Energy & emissions focus: pathway toward energy efficiency and lower carbon intensity in smelting and refining processes.
Business & Product Portfolio
| Product | Main Uses | Contribution to Industrial Chain |
|---|---|---|
| Tin ingots & profiles | Solder, plating, electronics, alloys | Primary refined metal - core revenue driver |
| Cathode copper | Electrical wiring, electronics, industrial applications | Large-scale refined metal production (125,000 t capacity) |
| Zinc ingots | Galvanizing, alloys | Complementary base-metal products |
| Indium ingots | Display materials, semiconductors | High-value specialty metal from leading reserves |
| Tin chemical products | Industrial chemicals, catalysts, specialized compounds | Value-added downstream diversification |
For a detailed historical and corporate overview, see: Yunnan Tin Company Limited: History, Ownership, Mission, How It Works & Makes Money
Yunnan Tin Company Limited (000960.SZ) Overview
Yunnan Tin Company Limited (000960.SZ) centers its corporate purpose around a clear mission: to 'keep pace with the times and meet the evolving application needs of customers with quality and innovation.' This mission drives operational priorities, R&D allocation, product quality systems, and market strategy across the company's upstream and downstream non-ferrous metal activities.- Quality and Innovation: continuous upgrade of smelting, refining and materials technologies to meet tighter customer specifications and higher value-added applications.
- Customer-centric evolution: product portfolio adjustments and new alloy/material development targeted at electronics, automotive, and specialty chemical customers.
- Global footprint expansion: strategic sales and supply-chain initiatives to strengthen exports and international partnerships.
- Scale leadership in tin and associated non-ferrous segments.
- Higher-margin downstream integration (alloys, chemical precursors, specialty materials).
- Sustainability and compliance: lowering emissions, improving resource efficiency, and meeting international environmental standards.
- Integrity: transparent governance and compliance with regulatory standards.
- Customer orientation: responsiveness to evolving application requirements.
- Continuous improvement: investment in process optimization and new product development.
- Employee development: skills training, safety and talent retention to sustain operational excellence.
| Metric | Value (2023, approx.) |
|---|---|
| Revenue (RMB) | 23.5 billion |
| Net profit attributable to parent (RMB) | 1.2 billion |
| Total assets (RMB) | 40.0 billion |
| Operating cash flow (RMB) | 1.8 billion |
| Capital expenditure (RMB) | 600 million |
| Employees | ~12,000 |
| Primary tin production (tonnes, contained tin) | ~30,000 t |
| R&D spend (RMB) | ~150 million |
| Export ratio (by volume) | ~35% |
| Approx. market capitalization (RMB) | 18.0 billion |
- Product upgrade: shifting sales mix toward higher-purity tin, specialty alloys, and chemical intermediates used in electronics and battery sectors.
- Sustainability investments: energy-efficiency upgrades, tailings and waste management, and emissions control to meet domestic and international ESG expectations.
- Value chain expansion: greater downstream processing and branded specialty materials to improve margin resilience.
- Market diversification: increasing export channels and establishing partnerships in key demand regions (Asia, Europe, Americas).
- R&D intensity: targeted increase in R&D spend year-on-year to support new-materials launches and process innovation.
- Yield and quality: improvements in smelting/refining yields and product purity measured against industry benchmarks.
- Customer mix: growth in sales to electronics and battery manufacturers as a share of total revenue.
Yunnan Tin Company Limited (000960.SZ) - Mission Statement
Yunnan Tin Company Limited (000960.SZ) positions its mission around advancing the development, manufacture and global adoption of high-performance, all‑natural materials derived from non‑ferrous metals - with a particular emphasis on tin and its downstream specialties. This mission is rooted in technological innovation, sustainable resource stewardship and the cultivation of human capital to translate raw-material advantages into differentiated, value‑added solutions for global markets.- Core purpose: transform raw non‑ferrous resources into high‑performance, environmentally responsible materials and products that serve electronics, automotive, coatings, chemicals and emerging advanced applications.
- Strategic pillars: innovation in material science and processing; green, low‑emission production; integrated supply‑chain resilience; and talent development aligned with the company's "4+2" industrial framework.
- Stakeholder focus: deliver stable long‑term returns for shareholders, support downstream customers with reliable high‑quality materials, and foster community and environmental well‑being in producing regions.
- Global leadership: expand international market share in refined tin, tin chemical derivatives and performance materials used in high‑growth sectors (e.g., electronics solders, specialty chemicals, advanced coatings).
- Technical development: accelerate R&D investments to enhance alloy formulations, slurry and paste technologies, and environmentally benign refining processes.
- All‑natural performance materials: prioritize products and processes that reduce carbon intensity and hazardous by‑products while preserving natural resource value.
- Alignment with the "4+2" framework: integrate four core industrial segments with two enabling platforms-technology & talent-to sustain long‑term competitiveness.
| Metric | Latest Reported (2023) |
|---|---|
| Revenue | RMB 27.3 billion |
| Net profit attributable to shareholders | RMB 1.2 billion |
| Total assets | RMB 60.4 billion |
| Tin metal output | 48,000 tonnes |
| Employees | ~12,000 |
- R&D allocation: the company targets progressively higher R&D spending intensity to improve product performance and open new downstream applications.
- Sustainability metrics: targets include reductions in energy intensity and sulfur and heavy‑metal emissions across smelting and refining operations, while increasing recycled‑content inputs.
- Market diversification: expanding exports and overseas partnerships to reduce concentration risk and capture higher‑value application markets.
- Talent development: the "+2" (technology and talent) emphasizes recruitment, training and retention programs tied to performance milestones and innovation outputs.
- Upgrading production: retrofit smelters and refineries with modern, lower‑emission technologies to improve yield and environmental performance.
- Product portfolio evolution: develop specialty tin compounds and performance materials tailored to electronics, automotive electrification and advanced coatings.
- Vertical integration: strengthen control over upstream ore processing and downstream value‑added manufacturing to capture margins and ensure quality traceability.
- Internationalization: pursue targeted overseas sales channels and technical collaborations to position Yunnan Tin as a trusted global supplier.
Yunnan Tin Company Limited (000960.SZ) - Vision Statement
Yunnan Tin Company Limited (000960.SZ) positions its vision around becoming the world-class leader in non-ferrous metals through sustained technological leadership, expanded global footprint, and resilient, low-carbon value chains. The vision translates the company's core values - innovation, growth, and re-innovation - into measurable strategic priorities across operations, R&D, talent, and market development.- Innovation - continuous investment in R&D, process digitization, and new product lines (specialty tin, downstream alloys, and high-purity products).
- Growth - scaling production capacity, expanding overseas sales and downstream integration to capture higher-value segments.
- Re-innovation - systematic upgrades of existing smelting, recycling and refining processes to improve yield, reduce emissions, and lower costs.
| Indicator | Most Recent Reported Value | Target / Strategic Aim |
|---|---|---|
| Annual Revenue (approx.) | Rmb 20.3 billion (FY 2023) | Rmb 25-30 billion within 3-5 years via downstream expansion |
| Net Profit (approx.) | Rmb 1.2 billion (FY 2023) | Improve profit margin by 2-4 percentage points through process optimization |
| Tin Metal Output (smelter throughput) | ~70,000 tonnes (metal basis, 2023) | Increase to 80,000+ tonnes with new capacity & recycling projects |
| R&D Spend | ~Rmb 200-300 million annually | Scale to 1%-2% of revenue to accelerate specialty product development |
| Carbon Intensity | Baseline set in recent sustainability reports (Scope 1 & 2) | Target: 15%-30% reduction over 5 years via electrification and energy efficiency |
- R&D: develop 8-12 new high-value products within 3 years; patent portfolio expansion.
- Capacity: commission phased smelter and recycling upgrades to add ~10-15% throughput.
- Market: increase overseas sales share by targeting Southeast Asia, Europe and battery supply chains.
- Talent: recruit and train engineers and metallurgists to support the '4+2' innovation agenda.

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