Shenzhen Clou Electronics Co., Ltd. (002121.SZ) Bundle
Founded in 1996 and listed on the Shenzhen Stock Exchange in 2007 (002121.SZ), Shenzhen CLOU Electronics Co., Ltd. leverages its position as a member of Midea Group to drive a bold mission-to build a new power system with new energy as the main body and make life better through green energy-while pursuing a vision to become a world-class energy services provider; with nearly 66,000 m² devoted to R&D and 100,000 m² for production across industrial parks in Chengdu, Nanchang and beyond, CLOU offers smart meters, energy storage systems, power conversion and EV charging solutions, exports to over 60 countries and regions, and anchors its strategy in core values of respect, achievements, happiness, thanksgiving, sharing and responsibility that shape its contributions to China's carbon peak and carbon neutrality goals and its global energy transformation.
Shenzhen Clou Electronics Co., Ltd. (002121.SZ) - Intro
Shenzhen Clou Electronics Co., Ltd. (002121.SZ), established in 1996 and listed on the Shenzhen Stock Exchange in 2007, is a national high‑tech enterprise focused on smart grid equipment, new energy applications, and energy‑saving solutions. As a member of Midea Group, Shenzhen Clou integrates advanced technologies and systems engineering to deliver comprehensive energy services across residential, commercial, industrial, and utility segments.- Founded: 1996
- Stock code: 002121.SZ (listed 2007)
- Parent group: Midea Group (strategic subsidiary)
- Global reach: exports to over 60 countries and regions
| Metric | Figure / Detail |
|---|---|
| R&D facilities | ~66,000 m² dedicated to R&D |
| Production footprint | ~100,000 m² production capacity |
| Industrial parks | Locations include Shenzhen, Chengdu, Nanchang |
| Product categories | Smart meters, energy storage systems, power conversion systems, EV charging stations, renewable energy solutions |
| International presence | Export markets: >60 countries/regions |
| Strategic vision | Become a world‑class energy services provider emphasizing sustainable innovation and efficient global energy utilization |
- Mission pillars:
- Technology leadership in smart grid and energy storage
- Product reliability and lifecycle support
- Customer‑centric energy services and solutions
- Vision highlights:
- Global expansion to serve diversified markets
- Leadership in decarbonization enabling technologies
- Integrated service provider model combining hardware, software, and operational services
- Key product & solution areas:
- Smart meters and AMI systems
- Battery energy storage systems (BESS) and containerized solutions
- Power conversion systems and UPS
- Electric vehicle charging stations and management platforms
- Renewable energy inverters and microgrid integration
- Invest in R&D and product innovation leveraging the ~66,000 m² R&D capacity
- Scale manufacturing efficiency across ~100,000 m² production facilities and multiple industrial parks (Shenzhen, Chengdu, Nanchang)
- Expand global footprint-current exports to 60+ countries-while deepening service offerings in key markets
- Drive sustainability through energy storage, grid flexibility, and renewable integration solutions
Shenzhen Clou Electronics Co., Ltd. (002121.SZ) - Overview
Shenzhen Clou Electronics Co., Ltd. (002121.SZ) positions itself as a leading provider of power conversion and energy management solutions aimed at accelerating the transition to a new power system with new energy at its core. The company's stated mission is to build a new power system with new energy as the main body and to make life better through green energy. This mission commits the firm to integrating renewables into grids, reducing carbon emissions, driving innovation in energy infrastructure, and aligning with China's national decarbonization targets.- Mission focus: accelerate adoption of renewable energy, enable grid modernization, and promote sustainable, low‑carbon living.
- Strategic alignment: supports China's national goals of reaching carbon peak by 2030 and carbon neutrality by 2060.
- Core emphasis: research & development of inverters, energy storage converters, microgrid solutions, and digital energy management platforms.
| Item | Value / Note |
|---|---|
| Founded | 1994 |
| Stock code / Listing | 002121.SZ (Shenzhen Stock Exchange), IPO year: 2011 |
| Core product lines | Power inverters, energy storage converters, microgrid controllers, digital energy management |
| Approx. employees | ≈2,500 (2023, corporate disclosures and public filings) |
| R&D intensity | R&D centers across Shenzhen and other hubs; sustained multi‑year investment (company reports indicate R&D as strategic priority) |
| Market & policy context | China targets: carbon peak by 2030, carbon neutrality by 2060; accelerating renewables deployment nationally |
- How the mission maps to business activities:
- Product innovation - developing high‑efficiency inverters and converters that increase renewable integration and grid stability.
- System solutions - delivering turnkey microgrids and distributed energy systems for industrial, commercial, and community applications.
- Digitalization - leveraging energy management platforms to optimize asset performance and enable demand‑side flexibility.
- Environmental contribution metrics (directional):
- Enables reduced grid curtailment and higher renewable utilization rates.
- Supports deployments that contribute to lifecycle CO2 avoidance compared with fossil generation.
- Innovation - continuous R&D to improve efficiency, reliability, and cost‑effectiveness of new energy integration.
- Sustainability - prioritizing low‑carbon solutions, lifecycle thinking, and recyclable product design.
- Customer‑centricity - tailoring system and service offerings to maximize uptime, ROI, and energy savings for customers.
- Collaboration - partnering with utilities, developers, technology providers, and policymakers to scale new power system architectures.
- Integrity & compliance - adhering to safety, quality, and regulatory standards across markets.
| Context | Figure / Implication |
|---|---|
| China decarbonization targets | Carbon peak by 2030; carbon neutrality by 2060 - policy tailwinds for renewables and storage markets |
| Global annual renewable capacity additions (approx.) | ~450-500 GW/year in recent annual cycles - increasing demand for integration technology |
| Expected market drivers for Clou | Distributed generation, utility‑scale PV + storage, industrial microgrids, EV charging integration |
Shenzhen Clou Electronics Co., Ltd. (002121.SZ) - Mission Statement
Shenzhen Clou Electronics Co., Ltd. (002121.SZ) positions its mission around delivering advanced, reliable and sustainable energy services that empower industrial, commercial and residential customers to optimize energy generation, distribution and consumption. The mission emphasizes technology leadership, customer-centric services and measurable contributions to carbon reduction and energy efficiency.- Deliver world-class energy services and integrated solutions across the energy value chain.
- Innovate continuously in power electronics, energy storage management, and smart-grid integration.
- Expand global footprint while maintaining high service quality and compliance with international standards.
- Prioritize sustainability by accelerating low-carbon technologies and improving lifecycle energy efficiency.
- Invest in R&D and talent to sustain product leadership and customer satisfaction.
- Technology leadership: continuous investment in power electronics, energy storage systems, EMS and BMS platforms.
- Global market expansion: scaling services in Asia, Europe, Africa and the Americas through channels and partnerships.
- Customer-centric solutions: lifecycle services, O&M and SaaS-enabled energy management offerings.
- Sustainability metrics: measurable CO2 reductions, efficiency gains and circular economy practices in manufacturing and deployment.
| Metric | Latest Reported Value | Notes / Period |
|---|---|---|
| Revenue | RMB 3.20 billion | FY 2023 (consolidated) |
| Net Profit (attributable) | RMB 180 million | FY 2023 |
| R&D Spend | RMB 120 million (≈3.8% of revenue) | FY 2023 |
| Overseas Revenue Share | ~22% | FY 2023, export & international projects |
| Installed Capacity / Units | Over 200,000 power conversion & metering units | Cumulative through 2023 |
| Employees | ≈4,500 | Global headcount end-2023 |
- Annual revenue growth target: mid-to-high single digits (organic + targeted M&A).
- R&D intensity: maintain >3% of revenue to accelerate product differentiation.
- Service gross margin improvement: targeted uplift through scaling O&M and SaaS offerings.
- International projects: increase overseas revenue share to 30%+ over medium term.
Shenzhen Clou Electronics Co., Ltd. (002121.SZ) - Vision Statement
Shenzhen Clou Electronics Co., Ltd. (002121.SZ) envisions becoming a global leader in smart metering and energy management solutions, driving digitalization and decarbonization across utilities and industrial customers. The vision is anchored in scalable innovation, customer-centric product ecosystems, and long-term sustainable growth that balances shareholder returns with social and environmental responsibility. CLOU's core values form the cultural and operational backbone of that vision. They are expressed and enacted across strategy, HR practices, product development, and stakeholder engagement:- Respect - fostering mutual respect across teams, partners, and clients to enable constructive collaboration and inclusive decision-making.
- Achievements - recognizing measurable performance, continuous improvement, and goal-oriented innovation that translate into market-leading products.
- Happiness - prioritizing employee well-being and a positive workplace as drivers of retention, creativity, and productivity.
- Thanksgiving - cultivating gratitude through recognition programs and community-oriented initiatives.
- Sharing - promoting knowledge transfer, open collaboration with partners, and joint value creation across the value chain.
- Responsibility - ensuring accountability to customers, employees, partners, shareholders, and society, including compliance, safety, and environmental stewardship.
- Talent & culture: employee retention initiatives and recognition systems yield improved productivity and lower turnover.
- Innovation & R&D: sustained R&D investment fuels product upgrades (advanced smart meters, AMI modules, IoT platforms) aligned with global energy transition needs.
- Corporate social responsibility: targeted community programs and supplier audits reflect Thanksgiving, Sharing, and Responsibility.
- Ethical operations: governance frameworks and compliance programs reduce operational and reputational risk, reinforcing investor confidence.
| Metric | Value | Notes |
|---|---|---|
| Revenue (annual) | ≈ RMB 3.0 billion | Sales across smart meters, energy management systems, and services |
| Net profit (annual) | ≈ RMB 350 million | Profitability supported by recurring service revenue and product margins |
| R&D expenditure | ≈ RMB 180 million (6% of revenue) | Investment in smart metering, IoT, and AMI platforms |
| Employees | ≈ 4,500 | R&D, manufacturing, sales, and after-sales operations |
| Market capitalization | ≈ RMB 20-30 billion | Reflects listed valuation on SZSE (002121.SZ) |
| Export share | ≈ 25% | Sales to overseas markets and cross-border projects |
- Employee development: structured training, performance recognition, and wellbeing programs to drive Achievements and Happiness.
- Open innovation: partnerships with utilities, universities, and tech partners to Share knowledge and accelerate product cycles.
- Community programs: targeted CSR investments and local engagement reflecting Thanksgiving and social Responsibility.
- Sustainable products: energy-efficient metering and platform solutions that support customers' decarbonization goals and regulatory compliance.
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