Breaking Down Ningbo Kangqiang Electronics Co., Ltd Financial Health: Key Insights for Investors

Born in June 1992 and reshaped into a shareholding enterprise in October 2002, Ningbo Kangqiang Electronics Co., Ltd. has grown into a high-tech leader in semiconductor packaging materials with a headquarters spanning approximately 81,000 square meters and a building area of about 105,800 square meters, backed by a registered capital of 37.528 million yuan and nearly 1,000 employees; today it boasts annual production capacities exceeding 100 billion plastic package lead frames and 360 million meters of bonding wire, a track record of major technological transformations under China's Ninth through Eleventh Five-Year Plans, a provincial R&D center plus the 2015-founded Zhejiang Kangqiang Electronics (Chip) Packaging Materials Research Institute, and recognitions such as Ningbo City's key cultivation and manufacturing individual champion status that together frame its mission of innovation, vision for global leadership, and core values of integrity, environmental responsibility, customer focus, and continuous improvement

Ningbo Kangqiang Electronics Co., Ltd (002119.SZ) - Intro

• Annual production capacity: lead frames > 100 billion pieces; bonding wires ≈ 360 million meters.
• Registered capital: ¥37.528 million.
• Site footprint: ~81,000 m²; building area: ~105,800 m².
• Employees: nearly 1,000 staff members.

• Deliver reliable, high‑precision semiconductor packaging materials that enable customers' product performance and yield improvements.
• Support China's semiconductor supply chain resilience through scalable, quality-driven manufacturing.
• Invest in R&D and talent to drive continuous material and process innovation.

• Become a globally competitive leader in semiconductor packaging materials known for high capacity, consistency and technological leadership.
• Advance from a domestic champion to a preferred supplier for international semiconductor manufacturers by expanding production capability and technological depth.

• Quality First - uncompromising product standards across >100 billion lead frames and hundreds of millions of meters of bonding wire annually.
• Innovation - sustained R&D investment manifested in a provincial R&D center and the 2015 packaging materials research institute.
• Customer Focus - tailored technical support and high-volume supply reliability for OEMs and EMS partners.
• Integrity & Accountability - transparent corporate governance since its 2002 shareholding transformation.
• Operational Excellence - continuous technological transformation projects aligned with national Five‑Year Plans.

• Major national projects: completed technological transformation projects under China's Ninth, Tenth and Eleventh Five‑Year Plans; awarded "Ninth Five‑Year Plan Advanced Technological Transformation Project" and "Tenth Five‑Year Plan High‑tech Industrialization Demonstration Project."
• R&D scale: provincial‑level enterprise R&D center and the Zhejiang Kangqiang Electronics (Chip) Packaging Materials Research Institute established in 2015 to accelerate material and process innovation.
• Local industrial role: designated in 2017 as a Ningbo City Industrial Industry Key Cultivation Enterprise and a Manufacturing Individual Champion, underscoring regional strategic importance.

Ningbo Kangqiang Electronics Co., Ltd (002119.SZ) - Overview

• Mission: Serve the nation through industry by advancing semiconductor packaging materials with first-class quality and global competitiveness.
• Vision: Be a leading, innovation-driven supplier in global semiconductor materials, recognized for technology leadership, precision management, and customer satisfaction.
• Core Values: Talent respect, product quality, environmental compliance, continuous improvement, and social responsibility.

• Environmental stewardship is embedded in product design, manufacturing, and service delivery - ensuring adherence to national and international environmental laws and pursuing waste minimization and energy efficiency targets.
• Continuous improvement programs include lean manufacturing, precision management systems, and customer feedback loops to maintain competitiveness.
• Corporate social responsibility covers rescue and relief work, aid projects, teaching assistance, and healthcare support-allocated through annual community investment planning.

Ningbo Kangqiang Electronics Co., Ltd (002119.SZ) - Mission Statement

• Global leadership objective: become a key enterprise in the world-class semiconductor packaging materials industry within 5-10 years.
• Customer promise: provide high-quality, low-cost, customized OEM production sites and technical services for clients worldwide.
• Technological focus: maintain and grow market-leading status in EDM wire through continuous R&D and process optimization.
• Environmental stewardship: reduce emissions and waste, improve energy-efficiency, and apply circular-resource practices across manufacturing sites.
• Corporate culture: promote unity, truth-seeking, efficiency, and innovation; invest in staff training and ethical development.

• Innovation: scale R&D pipelines, shorten product development cycles, and commercialize advanced packaging materials.
• Customer-centric OEM services: customizable production, JIT supply, and local technical support to minimize total cost of ownership for clients.
• Sustainability: implement pollution prevention, energy conservation, and resource-efficient manufacturing across sites.
• Talent & culture: create best-in-class growth environment, continuous skill development, and incentive systems aligned with performance and ethics.

Ningbo Kangqiang Electronics Co., Ltd (002119.SZ) - Vision Statement

• Integrity: 'Integrity-oriented, Honest to Others' underpins all business dealings, ensuring transparent governance, reliable supplier and customer relationships, and adherence to regulatory and ethical standards.
• Innovation: A strong commitment to independent innovation drives continuous R&D in EDM wire metallurgy, surface treatments, and process automation to maintain industry leadership.
• Customer satisfaction: Delivering responsive service, tailored technical support, and cost-effective product solutions remains central to the company's commercial strategy.
• Environmental responsibility: Operations, products, and services comply with environmental laws and industry best practices, with initiatives to reduce emissions, waste, and resource consumption.
• Continuous improvement: Focused investment in technology leadership, precision management systems, and quality assurance to sustain competitive advantage and operational excellence.
• Social responsibility: Active participation in public welfare-rescue and relief, aid projects, teaching assistance, and healthcare-contributes to community well‑being and social trust.

• Become the preferred global supplier of high-performance EDM wire and precision conductive materials, combining metallurgy expertise with process innovation.
• Scale R&D and production capabilities to meet growing global demand while improving unit economics and quality consistency.
• Embed sustainability across the value chain-energy efficiency, waste minimization, and regulatory compliance-without compromising performance or cost competitiveness.
• Strengthen customer-centric services: accelerated delivery, technical partnerships, and lifecycle support to deepen long-term contracts and repeat business.
• Enhance social and corporate governance practices to align shareholder value creation with community impact.

• Integrity: Contract transparency, third-party audits, and public corporate governance disclosures to reinforce stakeholder trust.
• Innovation: Dedicated R&D projects, pilot lines, and patent filing strategies to protect and commercialize technological advances.
• Customer satisfaction: Service-level KPIs (on-time delivery, first-pass yield, response time) tracked and reported to customers.
• Environmental responsibility: Emissions monitoring, effluent control, and compliance reporting embedded into operations.
• Continuous improvement: Lean manufacturing, Six Sigma-inspired quality cycles, and precision management systems driving cost and quality metrics.
• Social responsibility: Structured CSR programs with measurable outreach activities and budgeted contributions to public welfare.

• Shareholders: Value growth via stable margins, disciplined capital allocation, and technology-driven product differentiation.
• Customers: Increased uptime, higher precision, and total cost of ownership improvements through product and service innovations.
• Employees: Skills development, safety programs, and participation in innovation initiatives.
• Communities and regulators: Environmental compliance, responsibly conducted operations, and meaningful social contributions.