Western Metal Materials Co., Ltd. (002149.SZ) Bundle
Rooted in a sovereign industrial chain that controls melting, forging, rolling and deep processing, Western Metal Materials Co., Ltd. powers critical sectors from aerospace to nuclear energy with high-performance titanium and zirconium solutions while demonstrating measurable market strength-reporting revenue of CNY 2.95 billion, net income of CNY 157.8 million and a net margin near 5.4% in 2024-backed by a shareholder-friendly payout of CNY 0.30 per share and a strategic R&D commitment with a 6.79% R&D rate that fuels innovation, sustainability, safety and customer-focused execution as central tenets of its mission, vision and core values.
Western Metal Materials Co., Ltd. (002149.SZ) - Intro
Western Metal Materials Co., Ltd. (002149.SZ) is a leading Chinese developer, manufacturer and supplier of rare metal materials, focusing on titanium alloys, zirconium, composite materials and related high-performance products for demanding industrial applications. The company's products serve aerospace, defense, nuclear energy, electronics and environmental protection sectors, where material performance, reliability and process autonomy are critical.- Core competencies: alloy R&D, precision melting, forging, rolling, finishing, composite and post-treatment, and deep processing.
- Strategic focus areas: precision castings, hydrogen-energy key materials, and industrialization of R&D outcomes.
- Industrial chain autonomy: achieves in-house control over key metallurgical and processing steps to support high-reliability supply to critical customers.
| 2024 Key Financials | Amount |
|---|---|
| Revenue | CNY 2.95 billion |
| Net income | CNY 157.8 million |
| Net margin | ~5.4% |
| Dividend per share | CNY 0.30 |
| R&D intensity (2024) | 6.79% of revenue |
- Dividend policy: shareholder-friendly distribution with CNY 0.30 per share in 2024, reflecting a high payout ratio versus peers in specialty materials.
- R&D & innovation: 2024 R&D rate of 6.79%, with targeted conversion of R&D into precision castings and hydrogen-related materials commercialization.
- Market positioning: supplies strategic sectors requiring certified, high-performance alloys and advanced processing capabilities.
| Operational Footprint | Capabilities / Notes |
|---|---|
| Melting & alloy development | In-house metallurgical labs and pilot furnaces for titanium and zirconium systems |
| Forming & shaping | Forging, rolling and precision hot/cold working lines |
| Finishing & post-treatment | Heat treatment, surface finishes, machining and composite integration |
| Deep processing | Precision casting, component machining and assembly for aerospace/nuclear specs |
Western Metal Materials Co., Ltd. (002149.SZ) - Overview
Western Metal Materials Co., Ltd. (002149.SZ) positions itself as a strategic supplier of high-performance rare metal products for critical industries-aircraft, defense, nuclear, electronics, and environmental protection-through an integrated industry chain covering R&D, production, processing and sales. Mission Statement- Deliver internationally standardized, high-performance metal materials (titanium alloys, zirconium, specialty composites) that meet stringent industrial specifications.
- Support strategic sectors-aviation, defense, nuclear energy, electronics and environmental protection-by ensuring material reliability and traceability.
- Maintain an autonomous, vertically integrated processing and manufacturing chain to control core processes, ensure quality, and improve operational efficiency.
- Commit to continuous innovation and R&D investment to develop materials for emerging customer requirements and localization of major equipment.
- Build long-term, trust-based partnerships with internal and external customers through rapid responsiveness and value delivery.
- Become a core domestic supplier in rare metal material processing, driving localization of critical components in China's major equipment programs.
- Scale advanced materials capability to support national strategic industries and export-ready product lines that meet international certification standards.
- Achieve sustainable growth by balancing advanced metallurgical R&D with disciplined manufacturing scale-up and quality assurance systems.
- Quality and Compliance - adherence to international and domestic standards across product lifecycles.
- Innovation - sustained R&D to expand alloy systems, composites, and processing techniques.
- Integrity - transparent traceability, ethical supply chains, and long-term customer commitments.
- Autonomy - vertical integration to protect core technologies and ensure supply reliability.
- Responsiveness - agility in engineering support, custom solutions, and after-sales services.
| Metric | Value (approx.) |
|---|---|
| Total Revenue | RMB 3.2 billion |
| Net Profit | RMB 420 million |
| R&D Expenditure | RMB 120 million (~3.8% of revenue) |
| Employees | ~2,300 |
| Titanium & Zirconium Annual Capacity | Titanium alloy products ~2,500 metric tons; zirconium products ~800 metric tons |
| Export Share | ~18% of sales |
| Key Industry Clients | Aerospace OEMs, defense contractors, nuclear equipment manufacturers, semiconductor supply chains |
- Develop advanced titanium alloys with improved strength-to-weight ratios for aerospace and defense applications.
- Optimize zirconium metallurgy and coating systems for nuclear and corrosion-resistant applications.
- Scale composite and additive-compatible metal powders for electronics and advanced manufacturing.
- Invest in testing labs and qualification protocols to meet international aerospace and nuclear certifications.
- Localization: supply chain substitution for imported rare metal components in major equipment programs.
- Strategic readiness: maintain secure production lines for defense and nuclear-critical materials.
- Industrial ecosystem: support upstream mining/processing partners and downstream precision fabricators to strengthen domestic rare-metal value chains.
Western Metal Materials Co., Ltd. (002149.SZ) - Mission Statement
Western Metal Materials Co., Ltd. (002149.SZ) positions itself as a strategic supplier of high-performance metal materials for critical sectors - aerospace, defense, nuclear energy, electronics, and environmental protection - with a mission to combine technological leadership, stringent quality control, and sustainable operations.- Provide advanced alloy and specialty metal solutions that meet the rigorous performance, reliability, and safety standards required by strategic industries.
- Maintain cost and quality leadership through scale, process optimization, and continuous improvement initiatives.
- Operate with environmental responsibility and regulatory compliance across all production sites.
- Develop talent and a performance-driven culture to sustain innovation and operational excellence.
- Target markets: aerospace, defense, nuclear energy, high-end electronics, and environmental protection systems.
- Competitive focus: international cost and quality leadership through lean manufacturing and advanced metallurgy.
- Organizational goal: a high-performing culture that scales talent development alongside global demand.
| Mission Pillar | Strategic Objectives | Key Metrics / Targets |
|---|---|---|
| Quality & Product Leadership | Certifications, R&D-driven alloy development, customer performance guarantees | Zero critical defects; maintain industry Certifications (e.g., aerospace/nuclear approvals); R&D budget target ~3-5% of annual revenue |
| Operational Excellence | Lean production, yield improvement, scale efficiencies | Target gross margin uplift 2-4 percentage points; equipment utilization >85% |
| Financial Strength | Stable revenue growth, healthy profitability, conservative leverage | Revenue growth target mid-to-high single digits; ROE target >10% |
| Environmental & Safety Stewardship | Emission controls, waste reduction, workplace safety | Reduce CO2 intensity and hazardous waste per ton by double-digit % over 3-5 years; LTIFR target near zero |
| Community & Social Responsibility | Local hiring, community investment, transparent governance | Annual community spending and training hours tracked; local employment ratios maintained |
- Integrity - Transparent governance, compliance with regulatory and ethical standards.
- Excellence - Relentless pursuit of product quality and operational improvement.
- Innovation - Continuous R&D and adoption of advanced metallurgy and process technologies.
- Responsibility - Environmental protection, occupational safety, and community engagement.
- Customer Focus - Partnership mindset, customized solutions, and responsive service.
| KPI | Recent/Target Range | Rationale |
|---|---|---|
| Annual Revenue | Target: mid-to-high single-digit growth YoY | Reflects demand from aerospace, nuclear, and electronics segments |
| Gross Margin | Target: improve by 2-4 pp via process optimization | Higher margins enable reinvestment in R&D and sustainability |
| R&D Spend | Target: 3-5% of revenue | Supports alloy development and certification efforts |
| Export Ratio | Target: expand international sales as % of revenue | Drive global competitiveness and scale |
| Workforce | Maintain skilled labor pool; increase training hours annually | Critical for high-precision manufacturing and safety |
Western Metal Materials Co., Ltd. (002149.SZ) - Vision Statement
Western Metal Materials Co., Ltd. (002149.SZ) envisions becoming a leading global provider of high-performance metal materials and sustainable metal solutions, delivering long-term value to shareholders, customers, employees, and society through technological leadership, responsible resource stewardship, and exemplary governance.- Integrity: Commit to honesty, transparency, and compliance across procurement, production, sales, and reporting to strengthen stakeholder trust and lower operational and regulatory risk.
- Innovation: Invest in R&D, advanced smelting and alloying processes, and digital manufacturing to increase yield, product quality, and margin expansion.
- Customer Focus: Align product development and service models with customer specifications and downstream industry cycles (automotive, electronics, infrastructure) to increase retention and lifetime value.
- Sustainability: Integrate circular-economy principles-recycling, waste minimization, and low-carbon energy-to reduce scope 1-3 emissions and secure resource inputs.
- Safety: Prioritize occupational health and safety, pursuing and maintaining certifications such as ISO 45001 and implementing continuous improvement programs to reduce incident rates.
- Responsibility: Uphold ethical sourcing, environmental compliance, and community engagement across domestic and export operations.
| Metric | Most Recent Public Figure / Status |
|---|---|
| Stock Code | 002149.SZ |
| Audited Annual Revenue (latest disclosed) | Data not available in this document - refer to latest annual report or exchange filings |
| Net Profit (latest disclosed) | Data not available in this document - refer to latest annual report or exchange filings |
| R&D Investment (annual) | Data not available in this document - company reports R&D focus; see filings for exact amounts |
| Workplace Safety Certification | ISO 45001 (pursued/maintained where applicable) |
| Key Markets | Domestic China (primary), export markets in Asia/other regions depending on product lines |
| Recycling / Circular Inputs | Company emphasizes recycled metal use; specific tonnage/sourcing percentages: see sustainability report |
- Strategic pillars: technology-driven product diversification, vertical integration of scrap-to-alloy supply chains, customer-partnership models, low-carbon energy transition, and rigorous HSE (health, safety, environment) governance.
- KPIs to measure vision execution: revenue growth CAGR, gross margin expansion, R&D as % of sales, LTIFR (Lost Time Injury Frequency Rate), scope 1-3 emissions intensity (ton CO2e / ton product), and recycled-content share.
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