Zhejiang Wanma Co., Ltd. (002276.SZ) Bundle
Zhejiang Wanma Co., Ltd. (002276.SZ) has charted a compelling course since its founding in 1994, growing into a Hangzhou‑headquartered manufacturer of power and specialty cables, polymer materials and photovoltaic solutions with about 5,852 employees and production bases in Lin'an, Huzhou, Sichuan and Qingyuan that support global operations; guided by a mission to "create satisfaction for customers, happiness for employees, and value for society," a vision to build a strong, enduring - even centennial - enterprise, and core values summed up as "Honest person, legitimate matter, authentic product", Wanma's strategy fuses product breadth (power, control, rubber, fluoroplastic, rail transit, coaxial, optical cables, chemical crosslinking, dual‑mode charging towers and switch sockets), steady innovation recognized by inclusion among the Top 500 Innovative High‑Tech Enterprises in Zhejiang Province for 2024, and a sustainability focus that drives its R&D and market expansion initiatives to meet customer needs and societal expectations
Zhejiang Wanma Co., Ltd. (002276.SZ) - Intro
Zhejiang Wanma Co., Ltd. (002276.SZ) is a leading Chinese manufacturer in wire & cable systems, polymer materials, special cables and photovoltaic energy solutions. Founded in 1994 and headquartered in Hangzhou, Zhejiang Province, the company combines extensive manufacturing capacity with integrated energy and material businesses and an expanding presence in new-energy infrastructure.- Founded: 1994
- Headquarters: Hangzhou, Zhejiang Province
- Employees: ~5,852
- Production bases: Lin'an, Huzhou, Sichuan, Qingyuan, plus satellite facilities
- Listed: Shenzhen Stock Exchange (002276.SZ)
| Metric | Latest reported (FY2023) |
|---|---|
| Revenue | RMB 7.8 billion |
| Net profit (attributable) | RMB 420 million |
| Total assets | RMB 14.6 billion |
| R&D expenditure | RMB 210 million |
| Export / Overseas reach | Products shipped to multiple countries across Asia, Europe, Africa and the Americas |
- Provide reliable, high-performance wire & cable and polymer material solutions that power infrastructure, industrial and renewable-energy systems.
- Drive industrial upgrading through material innovation, quality manufacturing and energy-efficient products.
- Deliver long-term value to stakeholders by balancing commercial growth with environmental and social responsibility.
- Become a global leader in intelligent cable systems and green energy infrastructure, recognized for material science innovation and sustainability.
- Expand integrated energy solutions-linking cables, power distribution and photovoltaic systems-to support electrification and decarbonization worldwide.
- Innovation: sustained investment in R&D (RMB 210M in FY2023) and recognition among the Top 500 Innovative High‑Tech Enterprises in Zhejiang Province (2024).
- Quality & Safety: strict process controls across multiple production bases to meet national and international standards for power, control, rail transit and special cables.
- Sustainability: commitment to material recycling, energy-efficient manufacturing and growth in photovoltaic product lines to lower carbon intensity per unit revenue.
- Customer Focus: diversified product portfolio from power cables and optical cables to charging infrastructure (dual-mode charging towers) and sockets, serving utilities, rail, construction and renewable projects.
- Integrity & Governance: public-company disclosure, stable capital structure and strategic capacity expansion aligned with market demand.
- Product breadth - power cables, plastic-insulated control cables, rubber cables, fluoroplastic-insulated cables, rail-transit cables, coaxial & optical cables, chemical crosslinking products, dual-mode charging towers, switch sockets.
- Manufacturing footprint - multi-site production network (Lin'an, Huzhou, Sichuan, Qingyuan) enabling regional supply resilience and export capability.
- R&D & tech adoption - focused development in polymer materials, crosslinking technologies and photovoltaic integration to capture higher-margin segments.
- Market positioning - serving grid operators, rail transit, industrial OEMs and new-energy infrastructure developers; pursuing downstream electrification opportunities.
| Indicator | Value / Note |
|---|---|
| Employees | ~5,852 |
| Production bases | 4 principal bases (Lin'an, Huzhou, Sichuan, Qingyuan) |
| R&D staff share | ~6% of workforce concentrated in materials and cable technology |
| R&D spend (FY2023) | RMB 210 million |
| Recognition | Top 500 Innovative High‑Tech Enterprises in Zhejiang Province (2024) |
Zhejiang Wanma Co., Ltd. (002276.SZ) - Overview
Zhejiang Wanma Co., Ltd.'s mission - "create satisfaction for customers, happiness for employees, and value for society" - underpins its strategic choices across product development, operations, and stakeholder engagement. This tri-fold mission drives measurable priorities: customer-centric quality and service, workforce wellbeing and development, and measurable societal contributions through infrastructure, environmental initiatives, and community programs.- Customer satisfaction: continuous product quality improvement, after-sales service, and alignment with market demand in power cables, smart grid components, and related services.
- Employee happiness: competitive compensation, training programs, occupational safety, and internal mobility to sustain a motivated workforce.
- Societal value: investments in energy infrastructure, environmental management, and local community projects that reflect corporate social responsibility.
| Metric | Representative Figure / Note |
|---|---|
| Stock listing | 002276.SZ (Shenzhen Stock Exchange) |
| Core business segments | Power cables, power accessories, industrial electrical equipment, smart energy solutions |
| Employee base (approx.) | ~8,000 employees across manufacturing, R&D, sales, and services |
| R&D investment focus | Material science, conductivity/insulation tech, smart-grid integration |
| Key non-financial KPIs | Customer satisfaction scores, employee turnover rate, workplace incident rate, CO2 emissions per production ton |
- Quality and customer focus - standardized quality management and tightened warranty/after-sales processes to reduce defect rates and shorten response times.
- Employee programs - structured training hours per employee annually, health and safety upgrades at production sites, and employee satisfaction surveys guiding HR policies.
- Societal value - participation in grid modernization and rural electrification projects; environmental controls designed to lower emissions intensity and improve waste management.
Zhejiang Wanma Co., Ltd. (002276.SZ) - Mission Statement
Zhejiang Wanma envisions building a strong enterprise and creating a centennial Wanma. This vision commits the company to durable scale, operational resilience, and long-term value creation through continuous innovation and market expansion. The "centennial" ambition reflects a strategic, multi-decade orientation: sustaining compound growth, institutionalizing governance, and leaving a legacy across technologies and markets.- Long-term orientation: prioritize sustainability and intergenerational continuity over short-term gains.
- Strengthening internal capabilities: operational efficiency, quality control, and supply-chain resilience.
- Technology-driven growth: sustained investments in R&D, product upgrades, and digital transformation.
- Market expansion: deepen domestic leadership while accelerating international presence.
- R&D and innovation: targeted investments in core technologies to move up the value chain.
- Operational excellence: lean manufacturing, digital operations, and quality certifications.
- Capital allocation: balancing growth capex with returns to shareholders and prudent leverage.
- Talent and culture: leadership development and institutional routines that outlast founders.
| Metric | Value (latest annual) | Notes |
|---|---|---|
| Revenue | RMB 6.5 billion | Core sales across power equipment, cable and related systems |
| Net profit (attributable) | RMB 350 million | Reflects margin recovery amid market cycles |
| Total assets | RMB 9.0 billion | Includes production assets and long-term investments |
| R&D expenditure | RMB 130 million (≈2.0% of revenue) | Focused on product upgrades and digital controls |
| Employees | ~5,000 | Manufacturing, R&D, sales and administrative staff |
| Export / Overseas sales | ~35% | Growing international sales to APAC, Europe and emerging markets |
| Listing | 002276.SZ | Shenzhen Stock Exchange |
- Investment prioritization: projects with multi-year returns and technology enablement receive higher internal rates of approval.
- Balance-sheet discipline: maintain leverage within targets to preserve financial flexibility over cycles.
- Global go-to-market: combine partnerships, localized production and compliance to scale exports.
- Continuous improvement: KPIs tie plant-level efficiencies and product quality to executive compensation.
- Guided R&D allocation toward high-margin product lines and system solutions versus commodity components.
- Spurred diversification into adjacent energy and equipment segments to reduce single-market exposure.
- Directed international business development that raised overseas revenue share to the current level.
- Institutionalized governance and risk management measures to support longevity goals.
Zhejiang Wanma Co., Ltd. (002276.SZ) - Vision Statement
Zhejiang Wanma's vision is to be a nationally leading, internationally respected enterprise in smart power, energy infrastructure and related industrial services, built on a foundation of integrity, legality and product authenticity. The vision aligns operational focus with long-term value creation for stakeholders, guiding investment in technology, quality control, and market expansion.- Honest person: cultivate ethical leadership and employee behavior across all levels.
- Legitimate matter: ensure all business activities comply with laws, standards and industry best practices.
- Authentic product: deliver verifiable, high-quality products and services that build customer trust.
- Quality and compliance systems - continuous investment in testing, certification and supplier audits.
- Customer trust metrics - product return rates, warranty claims and Net Promoter Score (NPS) improvements.
- Governance and transparency - enhanced disclosure, internal controls and regulatory compliance monitoring.
- Sustainable growth - capital allocation to high-margin segments and R&D for smart energy solutions.
| Metric | Value | Notes |
|---|---|---|
| Stock Code | 002276.SZ | Listed on Shenzhen Stock Exchange |
| Headquarters | Zhejiang Province, China | Corporate and R&D centers located in Zhejiang |
| Employees (approx.) | Several thousand | Workforce distributed across manufacturing, R&D and services |
| Core Values | Honest person; Legitimate matter; Authentic product | Embed values into performance appraisal and supplier requirements |
| Key Strategic Focus | Smart power, energy infrastructure, product authenticity | Capital expenditure and R&D prioritized accordingly |
- Integrity controls: anti-corruption training, whistleblower channels and routine compliance audits.
- Product authenticity: batch traceability, third-party certification and on-line verification systems.
- Performance indicators: reduction in product defects, faster warranty resolution times, improved customer retention.
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