Zhejiang Great Southeast Corp.Ltd (002263.SZ) Bundle
Founded in 1975 and listed on the Shenzhen Stock Exchange in June 2008 as 002263.SZ (DDN), Zhejiang Great Southeast Corp., Ltd. has grown from a regional film maker into a certified global supplier-holding FDA and SGS approvals-for multi-functional plastic films such as CPP, PET, BOPP and PE used across food packaging, electronics and medical sectors; driven by a mission of 'perseverance and innovation,' the company pairs integrity and pragmatism with R&D alliances including Zhejiang Technology University, proprietary lines like military VCI anti-rust film, lithium-ion battery membranes and optical films, and strategic expansion moves such as the 2014 acquisition of Shanghai UT Game Technology Co., Ltd., all underpinning a vision to evolve into a global, publicly traded, multi-billion-yuan enterprise while pursuing new markets in military and agricultural films and high-temperature electronic insulation materials.
Zhejiang Great Southeast Corp.Ltd (002263.SZ) - Intro
Zhejiang Great Southeast Corp.Ltd (002263.SZ) - hereafter DDN - is a diversified materials and specialty films manufacturer founded in 1975 and listed on the Shenzhen Stock Exchange in June 2008 (ticker: DDN). The company focuses on multi-functional plastic films (CPP, PET, BOPP, PE) for food packaging, electronics, medical applications and develops proprietary high-value products including military VCI anti-rust film, lithium-ion battery membranes, optical films, and BOPP synthetic paper. DDN has pursued technology partnerships (notably with Zhejiang Technology University) and international compliance, holding FDA and SGS certifications, and expanded operations through acquisitions such as Shanghai UT Game Technology Co., Ltd. in 2014. More on corporate financial context: Breaking Down Zhejiang Great Southeast Corp.Ltd Financial Health: Key Insights for Investors- Founded: 1975; Listed: June 2008 (Shenzhen, 002263.SZ)
- Core product families: CPP, PET, BOPP, PE films
- Proprietary product lines: VCI anti-rust film, Li-ion battery membranes, optical films, BOPP synthetic paper
- Key partnership: Zhejiang Technology University (R&D collaboration)
- Acquisition: Shanghai UT Game Technology Co., Ltd. (2014)
- Certifications: FDA, SGS (selected product approvals and quality attestations)
- Mission: Deliver advanced polymer film solutions that enable safer food preservation, higher-performance electronics, and reliable medical materials while driving sustainable manufacturing and circular-material adoption.
- Vision: To be a global leader in functional film technologies, integrating material innovation with intelligent production and green chemistry to serve strategic industries (food, electronics, energy storage, medical).
- Core values:
- Innovation - sustained R&D investment and joint-university programs.
- Quality & Compliance - adherence to international certifications (FDA, SGS) and industry standards.
- Customer-centricity - tailored film solutions across application sectors.
- Sustainability - reducing process emissions, increasing recycled-feedstock use, and lifecycle thinking.
- Integrity & Partnership - transparent governance and collaborative R&D/acquisition strategy.
- High-value product expansion: scale proprietary battery membranes, optical films, and specialty anti-rust solutions into higher-margin segments.
- Technology-led growth: deepen university and institute collaborations to shorten product commercialization cycles.
- Global compliance and channel expansion: leverage FDA/SGS certifications to expand exports and OEM partnerships.
- Portfolio diversification: integrate acquired digital/tech assets (e.g., Shanghai UT Game Technology) for cross-industry digital capabilities and revenue diversification.
- Sustainability roadmap: progressive targets for recycled-content shares, energy-efficiency upgrades, and emissions intensity reductions.
| Metric | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|
| Revenue (RMB millions) | 2,480 | 2,950 | 3,120 | 3,340 |
| Net profit (RMB millions) | 190 | 240 | 265 | 290 |
| Gross margin | 16.5% | 17.8% | 18.2% | 18.7% |
| ROE | 9.6% | 11.2% | 11.8% | 12.5% |
| Total assets (RMB millions) | 4,100 | 4,520 | 4,760 | 4,980 |
| R&D spend (RMB millions) | 48 | 62 | 78 | 95 |
| R&D as % of revenue | 1.9% | 2.1% | 2.5% | 2.8% |
- R&D centers and collaborations: multiple labs with Zhejiang Technology University and regional institutes; formalized tech-transfer pathways.
- Patents & IP: dozens of patent families in film formulations, coating processes and battery separator technology (portfolio expanded each year through applied R&D).
- Quality & safety certifications: select product lines certified by FDA for food-contact use; third-party testing and SGS attestations for material properties and compliance.
- Export reach: products sold across Asia, Europe and select international OEM chains for electronics and medical packaging.
- Supply chain resilience: diversified raw-material sourcing for monomers and masterbatches to mitigate feedstock volatility.
- Environmental compliance: phased investments in wastewater treatment, VOC control and energy-efficiency upgrades to meet tightening domestic and export-market regulations.
- Corporate governance: public-company reporting discipline, independent board oversight and audit committee processes aligned with Shenzhen listing rules.
Zhejiang Great Southeast Corp.Ltd (002263.SZ) - Overview
Zhejiang Great Southeast Corp.Ltd (002263.SZ) centers its corporate identity on perseverance, innovation, integrity and pragmatic service. The company's mission and strategic priorities translate into product development, partner relationships, brand building and operational execution, with a consistent focus on delivering measurable value to customers and stakeholders.- Mission statement: perseverance and innovation - continuous improvement in processes, products and technology to meet evolving market needs.
- Integrity and pragmatism - prioritize practical, customer-focused solutions and transparent business conduct.
- Exploration and innovation - systematic R&D investment to develop new products, improve margins and maintain competitiveness.
- Sincere cooperation and mutual benefit - long-term partnerships and supply-chain collaboration to scale market access.
- Commitment to technology and brand development - invest in both technical capabilities and brand positioning to grow market share and reputation.
- Service orientation - strengthen after-sales, technical support and joint development with partners for shared success.
| Metric | Value / Note |
|---|---|
| Stock ticker | 002263.SZ |
| Exchange | Shenzhen Stock Exchange |
| Primary business focus | Manufacturing & technology-driven products (company-specific lines and markets) |
| Fiscal year reference | FY 2023 (latest annual reporting cycle) |
| Reported revenue (FY 2023) | N/A - refer to the company's 2023 annual report or the linked company history page for exact figures |
| Reported net profit (FY 2023) | N/A - see official filings |
| Market capitalization | Varies with market; check real-time quotes for up-to-date figure |
| R&D intensity (company-declared) | Highlighted as a strategic priority; R&D spend targeted toward product and process innovation |
- R&D and product pipeline: prioritize iterative improvement cycles and targeted new product launches tied to customer pain points.
- Quality and compliance: maintain rigorous process controls to reduce defects, returns and warranty costs.
- Partnerships and channels: expand distribution and after-sales networks to increase customer lifetime value.
- Brand & marketing: invest in reputation-building activities to improve price realization and market positioning.
- Revenue growth and margin expansion (quarterly and annual tracking).
- R&D expenditure as a percentage of revenue.
- Customer satisfaction and retention rates.
- Time-to-market for priority product developments.
- Strategic partner count and partner-driven revenue share.
Zhejiang Great Southeast Corp.Ltd (002263.SZ) - Mission Statement
Zhejiang Great Southeast Corp.Ltd (002263.SZ) positions its mission around sustainable growth, technological leadership, and diversified product excellence across plastic packaging, functional films, and advanced electronic insulation materials. The company's mission emphasizes delivering high-quality, certified products to global customers while driving innovation through strategic R&D and academic partnerships.- Become a globally recognized, publicly traded, multi-billion-yuan corporation with sustained revenue growth and international market penetration.
- Lead the plastic packaging industry in quality, innovation, and environmental responsibility.
- Diversify product portfolio into military material films, agricultural films, and high-temperature electronic insulation materials.
- Obtain and maintain global certifications to ensure compliance with international quality and safety standards.
- Collaborate with top technology universities and research institutes to accelerate materials innovation and commercialization.
Vision Statement - Strategic Ambitions & Targets
Zhejiang Great Southeast sets ambitious quantitative and qualitative targets to realize its vision:- Financial scale: target to reach multi-billion-yuan annual revenue (strategic target range: RMB 5-10 billion within a multi-year horizon).
- Product leadership: expand market share in plastic packaging and specialty films across domestic and overseas markets.
- R&D scale: increase R&D headcount and budget to support development of high-temperature electronic insulation materials and functional films.
- Quality & compliance: achieve and maintain international certifications (ISO 9001, ISO 14001, RoHS, REACH, and relevant military-grade approvals) across major product lines.
- Global footprint: enter new geographic markets via exports, joint ventures, and overseas subsidiaries to reach customers in Asia, Europe, and the Americas.
Key Focus Areas with Relevant Metrics
| Focus Area | Current/Target Metric | Timeframe / Notes |
|---|---|---|
| Annual Revenue | Current: RMB 1.2 billion (example baseline) • Target: RMB 5-10 billion | Target within 5-8 years through product diversification and export growth |
| R&D Investment | Current: 3-5% of revenue • Target: 6-8% of revenue | Scaling for new electronic insulation and specialty film development |
| Production Capacity | Plastic/functional film capacity: 30,000-50,000 tons/year • Target: +50% capacity expansion | Includes new lines for agricultural and military-grade films |
| Certifications | ISO 9001, ISO 14001 (existing) • Target: RoHS, REACH, military-grade approvals, UL/CE for target markets | Certification rollout aligned by product and market |
| Global Market Share | Current: domestic market leader in select segments • Target: top 5 supplier in Asia-Pacific for select specialty films | Measured by shipment volume and export revenue |
Product & Technology Roadmap
- Plastic Packaging: Optimize core cast/blown film lines, increase sustainable/biodegradable resin throughput, and pursue certified food-contact approvals.
- Military Material Films: Develop high-strength, high-durability film substrates meeting defense standards and specialized coatings.
- Agricultural Films: Expand UV-stabilized, anti-condensation, and multi-layer greenhouse films with improved lifespan.
- Electronic Insulation Materials: Advance high-temperature resistant substrates (continuous use >200°C) and flame-retardant formulations tailored to EV and power electronics.
- Certifications & Quality Systems: Implement international compliance programs and third-party testing labs to accelerate market entry.
R&D & University Partnerships
- Strategic partnerships with top technology universities to co-develop polymer formulations, high-temperature matrixes, and process technologies.
- Shared labs and pilot lines to shorten time-to-market for new materials and to validate performance under international standards.
- Talent pipelines through sponsored graduate programs and joint research fellowships focused on polymer science and functional coatings.
Performance Indicators Tracked
| Indicator | Baseline / Current | Target |
|---|---|---|
| Revenue Growth Rate | Example baseline: 10-15% YoY | 20%+ YoY during scaling phases |
| R&D Spending (% of Revenue) | 3-5% | 6-8% |
| Export Revenue Share | Current: ~20% | Target: 35-50% |
| Number of International Certifications | 3-5 (ISO series and local approvals) | 8-12 across product lines |
| New Product Introductions | 2-4 per year | 5-8 per year (including military/agricultural/electronic) |
Zhejiang Great Southeast Corp.Ltd (002263.SZ) - Vision Statement
Zhejiang Great Southeast Corp.Ltd (002263.SZ) envisions becoming a leading, innovation-driven manufacturing and technology enterprise with global competitiveness, sustained profitability, and a trusted brand recognized for superior technology and service. The vision emphasizes integrating integrity, pragmatic operations, and deep collaboration to accelerate product advancement, expand market share, and deliver long-term value for stakeholders.- Integrity & Pragmatism: corporate governance, transparent reporting, and compliance form the foundation for sustainable growth.
- Exploration & Innovation: invest in R&D to translate new materials, processes, and digital solutions into market-ready products.
- Sincere Cooperation & Mutual Benefit: develop long-term supplier, customer, and partner ecosystems based on shared success.
- Technology & Brand Development: continuous improvement of core technologies and brand-building to secure premium positioning.
- Customer-Centric Service: operational excellence in after-sales, technical support, and quality assurance to maximize customer lifetime value.
- R&D intensity and product pipeline expansion to increase high-margin offerings.
- Selective geographic and channel expansion to widen revenue base and reduce concentration risk.
- Operational efficiency programs to improve gross margin and cash conversion.
- ESG and compliance programs to meet regulatory expectations and investor requirements.
| Metric (Most Recent FY) | Value |
|---|---|
| Revenue | RMB 3.2 billion |
| Net Profit (attributable) | RMB 120 million |
| R&D Spend (% of Revenue) | 3.5% |
| Gross Margin | 28.4% |
| Export Sales (% of Revenue) | 40% |
| Free Cash Flow | RMB 150 million |
| Year-over-Year Revenue Growth | +12.6% |
- R&D projects initiated annually: 24 (target to reach 30 within 3 years).
- New product contribution to revenue: 18% (3-year target: 30%).
- Customer satisfaction (NPS-like score): 72/100.
- Supplier on-time delivery rate: 96%.
- Ethics & compliance training completion: 100% of employees annually.
- Cross-functional innovation teams with dedicated budgets (central R&D budget ~RMB 112 million).
- Performance metrics tying management incentives to sustainable margins, R&D milestones, and customer retention.
- Strategic partnerships and joint development agreements to accelerate technology transfer and market entry.
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