Breaking Down Zhejiang Southeast Space Frame Co., Ltd. Financial Health: Key Insights for Investors

Founded in 1984 and listed as 002135.SZ, Zhejiang Southeast Space Frame Co., Ltd., headquartered in Hangzhou, has grown into a powerhouse in large-scale steel structures with approximately 4,877 employees, a certified National High-Tech Enterprise and ISO 9001 holder that combines tradition and cutting-edge factory IoT practices; with an annual manufacturing capacity of 460,000 tons of steel structures and space frames plus 6 million sq.m. of construction panels, the company's mission to deliver safe, reliable and innovative steel solutions-rooted in integrity, teamwork, customer focus, innovation, excellence and sustainability-drives its vision to expand globally, lead technological advancement, and forge long-term partnerships that propel its reach from China to international markets, inviting you to explore how these measurable strengths translate into project success and industry leadership

Zhejiang Southeast Space Frame Co., Ltd. (002135.SZ) - Intro

• Founded: 1984 (Hangzhou, Zhejiang)
• Employees: ~4,877
• National recognitions: National High‑Tech Enterprise; Model Enterprise for 'Machine Replacement'; Pilot Enterprise for Factory IoT & Industrial Internet
• Quality system: ISO 9001 certified
• Manufacturing capacity: 460,000 tonnes of steel structures/space frames and 6 million m² of construction panels annually
• Market: Nationwide distribution with expanding international presence

Mission

• Deliver safe, durable and innovative steel-structural solutions that enable landmark infrastructure and efficient industrial buildings.
• Drive manufacturing excellence through digitalization, automation and sustainable processes to maximize value for clients, partners and shareholders.
• Cultivate skilled talent and community partnerships to support regional development in Zhejiang and across China.

Vision

• Become the preferred global provider of large-scale steel structure systems, recognized for engineering excellence, speed of delivery and lifecycle performance.
• Lead industry transformation by scaling smart factory practices, reducing carbon intensity per tonne produced, and expanding high‑value overseas projects.

Core Values

• Quality First - adherence to ISO 9001 standards and stringent on-site inspection to ensure structural safety and longevity.
• Innovation - continuous R&D investment in space frame design, materials optimization and manufacturing automation.
• Client-Centricity - tailor solutions for performance, cost and schedule, supporting projects from design to installation.
• Integrity - transparent governance and responsible sourcing across the supply chain.
• Sustainability - improving resource efficiency across a capacity that now handles 460,000 tonnes of steel structures annually and reducing environmental impact per m² of panel produced.
• Digitalization - pioneer Factory IoT and industrial internet adoption to improve throughput, traceability and predictive maintenance.

Strategic Priorities & KPIs

• Scale utilization: Increase steel-structure capacity utilization toward >85% of 460,000 t capacity.
• Panel production growth: Expand domestic and export channels to raise utilization of 6,000,000 m² panel capacity year-over-year.
• Digital maturity: Complete roll-out of IoT-enabled shopfloor across major plants to reduce unplanned downtime by targeted double-digit percentages.
• Profitability & returns: Improve gross margin through value-added engineering services and vertical integration of polyester filament and panel production.

Zhejiang Southeast Space Frame Co., Ltd. (002135.SZ) - Overview

• Provide high-quality steel structure solutions that meet diverse client needs, ensuring safety, reliability, and innovation across projects.
• Uphold transparency, honesty and accountability in every transaction to build enduring trust with clients, partners and stakeholders.
• Invest consistently in R&D to lead technological advancement and deliver tailored, competitive solutions.
• Pursue continuous operational improvement to increase efficiency and enhance customer value.
• Integrate sustainable practices across manufacturing and project delivery to reduce environmental impact and conserve resources.
• Foster collaboration and teamwork to align employee capabilities with organizational goals.

• To be the preferred national and international provider of advanced steel space-frame and modular steel structure systems, recognized for engineering excellence, durability and lifecycle value.
• Target measurable growth in both project scale and value - expanding market share in high-value segments (stadia, airports, large-scale commercial developments) while building recurring-revenue service lines (maintenance, retrofitting, and engineering consulting).

• Safety-first: aim for zero lost-time incidents; maintain occupational safety incident rate below industry benchmark (target LTIR < 1.0 per 200,000 work hours).
• Quality & reliability: reduce structural defects and rework rate to <1.5% of annual project volume.
• Innovation: allocate 3-5% of annual revenue to R&D; file patents and technical approvals to protect product differentiators.
• Transparency & integrity: maintain on-time financial reporting and >95% on-time delivery of contractual documentation.
• Sustainability: reduce factory energy intensity (kWh/ton of steel produced) year-over-year by 3-6% and scope 1+2 emissions intensity by similar percentages.
• Collaboration: invest in employee training - target average of 30 hours of technical and safety training per employee per year and maintain employee retention above 85% in core engineering teams.

• R&D and productization: modularization of space-frame components to shorten onsite assembly time by 20-40% and reduce labor costs.
• Quality systems: ISO certification maintenance and adoption of BIM/3D modeling to reduce design-to-construction errors and cut rework rates.
• Vertical integration: control of key fabrication steps to protect margins and delivery timelines; pursue strategic supplier partnerships to secure critical inputs (steel plate, coatings).
• Sustainability programs: upgrading foundry/coating lines and waste-heat recovery to lower energy intensity and emissions per ton produced.
• Market diversification: expand into maintenance and lifecycle services to grow recurring revenue share to 15-25% of total revenues over medium term.

• Public listing discipline: listed as 002135.SZ on the Shenzhen Stock Exchange; commit to transparent disclosures and timely investor communications.
• Risk management: project-level controls with bonded performance guarantees and contractual risk-transfer practices to limit downside on construction projects.
• Supplier and partner vetting: quality and ESG screening to ensure supply chain reliability and compliance.

Zhejiang Southeast Space Frame Co., Ltd. (002135.SZ) - Mission Statement

• Deliver technically superior, safe, and cost-effective steel structure systems for commercial, industrial, and public-sector projects.
• Expand market reach through strategic international projects and partnerships, ensuring consistent quality across regions.
• Invest in R&D and digitalization to accelerate product innovation and reduce project cycle times.
• Promote an inclusive corporate culture that attracts talent, fosters professional growth, and rewards performance.
• Integrate sustainability across operations-reducing emissions, promoting circular use of steel, and enhancing workplace safety.

• Global footprint: establish production and service presence in key markets across Asia, the Middle East, Europe, and Africa to support major infrastructure and high-rise projects.
• Technological leadership: lead industry standards through advanced space-frame systems, modular prefabrication, and smart-factory manufacturing techniques.
• Client partnerships: become the preferred long-term partner for developers, EPC contractors, and governments by offering integrated design-to-installation solutions.
• Talent and culture: build a high-performance workplace drawing top engineering and management talent, with structured career paths and continuous learning.
• Sustainable growth: balance revenue and margin objectives with measurable social and environmental targets (energy use, carbon intensity, and reuse/recycling rates).

• Integrity - honor commitments to clients, partners, employees, and investors.
• Quality - uncompromising standards in design, material sourcing, fabrication, and installation.
• Innovation - continuous improvement via R&D, digital engineering, and advanced manufacturing.
• Customer Focus - tailor solutions to client needs and measure success by client outcomes and repeat business.
• Safety & Sustainability - prioritize worker safety and reduce environmental footprint across the value chain.

• Product & Technology: scale modular and prefabricated space-frame systems, integrate BIM and factory automation to reduce lead times and increase repeatability.
• Market Expansion: target strategic project wins in Southeast Asia, MENA, and selected European markets; pursue partnerships and local joint ventures where appropriate.
• Operational Excellence: optimize supply chain, increase capacity utilization, and improve on-site installation efficiency to support margins above industry average.
• People & Culture: retain top talent through competitive compensation, clear career ladders, and investment in technical training programs.
• Sustainability & Governance: implement measurable ESG KPIs, increase recycled content in steel use, and enhance transparency with regular investor disclosures.

• Capital allocation emphasizes capacity expansion in high-return segments and steady R&D funding to sustain product leadership.
• Profitability targets focus on improving gross margins via higher value-added prefabrication and international project mix.
• Risk management centers on project execution controls, currency exposure mitigation for exports, and disciplined leverage levels.

Zhejiang Southeast Space Frame Co., Ltd. (002135.SZ) - Vision Statement

• Integrity - transparent governance, timely disclosure and 100% compliance with listed-company reporting requirements; zero major regulatory sanctions in the last decade.
• Innovation - sustained R&D investment targeting modularization and digital fabrication (R&D spend ~2-4% of revenue annually; dedicated R&D staff ~150 engineers).
• Customer Focus - repeat-customer rate above industry average (target >60% for large infrastructure clients), lead times shortened by 20% via process improvement.
• Teamwork - cross-functional project teams, with employee engagement initiatives yielding lower turnover than regional peers (annual staff turnover in single digits reported internally).
• Excellence - ISO 9001 / ISO 14001 / OHSAS/ISO 45001 certifications maintained across main manufacturing sites; defect rates and rework reduced year-on-year.
• Sustainability - waste recycling, energy-efficiency upgrades and materials optimization to cut operational CO2 intensity (scope 1+2) with multi-year reduction targets.

• Integrity → Quarterly governance KPIs: timely disclosures, board independence metrics and audit outcomes transparent to investors.
• Innovation → New-product ratio: share of revenue from products <5 years old targeted to rise to 25% by mid‑2020s.
• Customer Focus → Net promoter improvements and contract renewal rate targets; dedicated after-sales rapid-response teams to reduce on-site delays by up to 30%.
• Teamwork → Cross-site knowledge transfer programs; internal training hours per employee average targeted at 40+ hours/year.
• Excellence → Quality control: incoming materials inspection pass rates >98%; construction safety incident rates benchmarked below national average.
• Sustainability → Lifecycle assessments embedded in tendering; material reuse and recycling rates increased annually with landfill diversion targets.