Breaking Down Sichuan Crun Co., Ltd Financial Health: Key Insights for Investors

Founded on September 12, 1997 in Ziyang, Sichuan, Sichuan Crun Co., Ltd (ticker 002272.SZ, listed in 2008) has grown from a hydraulic lubrication systems designer and manufacturer into a diversified supplier of lubricating hydraulic equipment, boilers, pressure vessels and clean-energy solutions-expanding its 2014 production capacity by 5,000 systems and adding energy storage and liquid-cooling technologies to serve wind, nuclear, oil and power-station clients; the company, with registered capital of 437,964,000 shares and senior management led by legal representative Luo Yongzhong and board secretary Rao Hong, reported 1.60 billion CNY revenue in 2024 (down 4.01% year-on-year) and a net loss of 115.69 million CNY (an 81.9% increase in losses from 2023), while its stock traded at 14.06 CNY and the market capitalization reached about 6.82 billion CNY as of December 15, 2025, positioning the firm at the intersection of industrial automation, digital supply-chain manufacturing and China's carbon-neutrality drive.}

Sichuan Crun Co., Ltd (002272.SZ): Intro

• Founded on September 12, 1997 in Ziyang, Sichuan Province, focused on design, manufacture and sales of hydraulic lubrication systems and related equipment.
• 2008: Listed on the Shenzhen Stock Exchange (ticker 002272.SZ), a major liquidity and growth milestone.
• By 2010: Expanded product portfolio to include boiler components and pressure vessels serving large-scale power stations and the energy sector.
• 2014: Invested in additional production lines for lubricating hydraulic systems, increasing annual capacity by 5,000 systems to meet rising demand.
• 2024 financial year: Reported revenue of 1.60 billion CNY (down 4.01% from 1.66 billion CNY in 2023) and a net loss of 115.69 million CNY (an 81.9% increase in losses versus 2023).
• As of December 15, 2025: Share price 14.06 CNY and market capitalization approximately 6.82 billion CNY, up 33.02% over the prior 12 months.

• Core products: hydraulic lubrication systems, lubricating hydraulic system components, boiler components, pressure vessels.
• Primary end markets: thermal and hydropower stations, heavy industry, energy equipment manufacturers and maintenance service providers.
• Revenue drivers:
  • Equipment sales - complete lubrication systems and custom components.
  • After-sales service, maintenance contracts and spare parts.
  • Project contracting and component supply for power-station boiler and pressure-vessel projects.
  • OEM and subcontract manufacturing for larger EPC and equipment firms.
• Manufacturing footprint: production lines for hydraulic systems and pressure-vessel component fabrication; 2014 capacity expansion added 5,000 systems/year.

• Listed entity subject to Shenzhen Stock Exchange disclosure and corporate governance rules; investor base includes institutional and retail holders (detailed major-shareholder registry available in public filings).
• Strategic focus: deepen penetration in power and energy sectors, expand after-sales service offerings, and leverage manufacturing scale to serve larger EPC projects.
• Related corporate information and stated long-term intentions are documented here: Mission Statement, Vision, & Core Values (2026) of Sichuan Crun Co., Ltd.

Sichuan Crun Co., Ltd (002272.SZ): History

Sichuan Crun Co., Ltd (002272.SZ) is a Shenzhen Stock Exchange-listed enterprise operating in agribusiness and related processing. Its corporate profile reflects a publicly traded ownership model with centralized executive roles and mixed financial performance in recent years.

• Listed exchange: Shenzhen Stock Exchange (Ticker: 002272.SZ)
• Registered capital: 437,964,000 shares
• Legal representative: Luo Yongzhong
• Board secretary: Rao Hong
• Major shareholder details: not publicly disclosed in available sources
• Reported net loss (2024): 115.69 million CNY

Ownership and governance exhibit a concentrated leadership presence (legal representative and board secretary named above), while equity is publicly tradable. Detailed shareholder percentages are not available publicly; investors and analysts therefore rely on public filings and market trading data for ownership insights. For more on investor composition and interest, see: Exploring Sichuan Crun Co., Ltd Investor Profile: Who's Buying and Why?

Sichuan Crun Co., Ltd (002272.SZ): Ownership Structure

• Mission: Provide high-quality equipment and integrated solutions for hydraulic lubrication, energy storage and clean-energy temperature control while driving energy efficiency and digitalized manufacturing.
• Core values: Technological innovation, sustainability, customer-centric service and industrial automation for the green-energy transition.
• Technology focus: Development of liquid cooling products, temperature-control modules and integrated systems for power electronics, energy storage packs and large rotating machinery.
• Target markets: Wind power, nuclear power, oil & gas, industrial automation, and new-energy vehicle/energy-storage systems.

• Strategic/Controlling Shareholder(s): State-affiliated or industrial strategic investors (holding significant block stakes focused on long-term industrial cooperation).
• Institutional Investors: Mutual funds, insurance and QFII/HK institutional holders participating via A-share market.
• Management and Employee-held Shares: Management incentives via restricted shares/stock-options to align R&D and operational goals.
• Public Float: Retail and other public investors providing liquidity on Shenzhen Stock Exchange (002272.SZ).

• Product sales: Hydraulic lubrication units, liquid-cooling systems, temperature-control equipment and energy-storage balance-of-system components sold to OEMs and EPCs in power, energy storage and industrial sectors.
• Project integration & services: Turnkey thermal-management and lubrication system integration, installation, commissioning and long-term maintenance contracts.
• R&D-driven premium products: Proprietary liquid-cooling modules and temperature-control platforms commanding higher margins for specialized applications (e.g., wind turbine converters, nuclear cooling subsystems).
• Supply-chain & digital manufacturing: Efficiency gains and cost control via digitalized production, enabling better margins and faster delivery for large-scale energy projects.

• R&D intensity and patents to protect high-margin temperature-control and liquid-cooling solutions.
• Scaling into wind and nuclear segments where long project lifecycles and maintenance create annuity-like revenue streams.
• Energy-saving product lines that align with national carbon-neutral targets, helping win policy-backed procurement.
• Expanding after-sales and service contracts to improve customer retention and lifetime value.

Sichuan Crun Co., Ltd (002272.SZ): Mission and Values

• Legal representative: Luo Yongzhong
• Board secretary: Rao Hong
• Listed: Shenzhen Stock Exchange (002272.SZ)

• Centralized governance model with executive-led decision making to coordinate R&D, production, and sales.
• Product focus: hydraulic lubrication systems, precision temperature control (liquid cooling), and energy storage balance systems for renewable integration.
• Manufacturing: digital supply chain manufacturing with ERP/MES integration to reduce lead times and improve yield.
• R&D emphasis: materials, thermal management, and energy-efficiency algorithms for liquid cooling and battery thermal systems.
• Sustainability alignment: product development and facilities target national carbon neutrality goals and environmental protection standards.

• Product sales: revenue from hydraulic lubrication systems and liquid cooling units sold to industrial OEMs, power plants, EV suppliers, and energy storage integrators.
• Project contracts: turn-key temperature control and energy storage subsystem installations for infrastructure and renewable projects.
• After-sales services: maintenance, spare parts, and performance optimization contracts (recurring revenue).
• Licensing & tech services: selective licensing of thermal management technologies and consultancy for system integration.

• Liquid cooling and temperature control: advanced systems for battery packs, inverters, and data center racks to improve energy efficiency and lifespan.
• Energy storage equipment: modules and system-level integration supporting grid balancing and renewable penetration.
• Digital supply chain: real-time quality control, predictive maintenance, and production scheduling to lower costs and improve delivery reliability.
• Policy alignment: product certification and roadmaps designed to meet national emissions and environmental standards, supporting customers' decarbonization goals.

• Serve critical infrastructure: power plants, rail, and industrial OEMs requiring high-reliability thermal and lubrication systems.
• Expand renewable energy footprint: partner with battery and inverter manufacturers, EPC firms for energy storage projects.
• Export & domestic balance: maintain domestic market leadership while pursuing targeted export opportunities in Southeast Asia and Europe.

Sichuan Crun Co., Ltd (002272.SZ): How It Works

• Product sales: hydraulic lubrication systems, lubricating hydraulic equipment, boilers, pressure vessels and liquid cooling modules for data centers, energy storage and communications.
• Systems and integration: turnkey energy storage solutions, pack-level and rack-level liquid cooling systems, plus temperature control units sold with installation and commissioning contracts.
• Digital and supply-chain services: digital supply chain manufacturing, MES/ERP integration, and smart factory componentization charged on project or subscription basis.
• Aftermarket services & lifecycle monetization: intelligent operation & maintenance (O&M), equipment predictive health management, spare parts, maintenance contracts and extended-life value-added services.
• Engineering & EPC: project engineering, procurement and construction for industrial customers and utility-scale energy storage projects.

• Hardware sales generate immediate revenue and lower-margin cash but create long-term aftermarket opportunities (spare parts, service contracts).
• EPC and system contracts yield milestone payments and higher working-capital needs; margins depend on project complexity and commodity costs.
• Digital services and predictive-maintenance offerings produce high-margin, recurring revenue and improve customer retention and lifetime value.
• Integration of energy-saving and efficiency gains allows premium pricing and positions the company for incentive/utility rebate capture in energy projects.

• Product mix shift toward higher-margin digital and service contracts increases recurring revenue as a percentage of total sales.
• Scale in energy storage and cooling systems reduces per-unit BOM cost and improves gross margins.
• Service contract attach rates and average contract length (typically 3-7 years) determine stable cashflow and margin uplift.
• R&D investment and patent portfolio expansion (company reports double-digit annual patent filings in recent years) protect pricing and drive differentiation.

• Pricing combines fixed hardware fees, milestone EPC payments and ongoing service/subscription fees for monitoring and predictive services.
• Contracts often include performance guarantees (temperature control KPIs, energy throughput for storage), with penalties or bonus structures tied to SLAs.
• Commodity and raw-material exposure (steel, refrigerants, electronic components) managed through procurement, long-term supplier agreements and forward purchasing.

• Energy-saving and sustainability demand increases sales of high-efficiency boilers, pressure vessels and energy storage systems with favorable payback economics.
• Adoption of liquid cooling in datacenters and high-density communications equipment expands addressable market for thermal management products.
• Digitalization of manufacturing and predictive maintenance drives higher-margin recurring revenues and tighter customer integration.

Sichuan Crun Co., Ltd (002272.SZ): How It Makes Money

• Primary revenue streams: equipment sales (turbines, heat-recovery systems, energy-saving components), EPC contracts, and after-sales service & maintenance.
• Target sectors: wind power, nuclear power, thermal power retrofit, industrial energy efficiency projects.
• Strategic focus: leverage national push for carbon neutrality by supplying technologies that reduce energy consumption and emissions.

• Market cap of ~6.82 billion CNY (Dec 15, 2025) signals improved investor sentiment despite 2024 operating losses.
• Revenue decline in 2024 (1.60 billion CNY, -4.01%) and a deeper net loss (115.69 million CNY) highlight near-term profitability challenges.
• Future performance depends on improving operational profitability, tighter cost management, and capturing demand from China's renewable energy buildout.
• Expansion into wind and nuclear power equipment and long-term service contracts could stabilize cash flow and margins if execution improves.