Zhejiang Jiuli Hi-Tech Metals Co., Ltd. (002318.SZ) Bundle
Founded in 1987 and headquartered in Huzhou in the strategic Yangtze River Delta, Zhejiang Jiuli Hi‑Tech Metals Co., Ltd. combines advanced seamless and welded production lines with a yearly capacity exceeding 100,000 tons to supply stainless steel and special alloy pipes, bars, wires, bimetal composite pipes and fittings to industries from oil & gas to shipbuilding and instrumentation across more than 60 countries, while signaling serious R&D commitment by investing roughly 10% of revenue year‑on‑year and allocating 15% (~$12 million) of total revenue to research in 2023 to drive localization of imported products and technological upgrades under the strategic mantra of 'specialty, precision, excellent quality,' all aimed at improving efficiency, safety and environmental performance and achieving a targeted customer satisfaction rate above 95% through responsive feedback loops and a corporate culture rooted in dedication, diligence, conscientiousness, innovation, competitiveness and frugality.
Zhejiang Jiuli Hi-Tech Metals Co., Ltd. (002318.SZ) - Intro
Overview- Founded in 1987 and headquartered in Huzhou City, Zhejiang Province, Zhejiang Jiuli Hi-Tech Metals Co., Ltd. (002318.SZ) is a leading manufacturer of industrial stainless steel and special alloy products.
- Strategically positioned in the Yangtze River Delta for efficient logistics and market access across domestic and international supply chains.
- Product portfolio: seamless & welded pipes, bars, wires, bimetal composite pipes, and pipe fittings used across multiple heavy industries.
| Metric | Value |
|---|---|
| Founding year | 1987 |
| Annual production capacity | Exceeding 100,000 tonnes |
| Export footprint | More than 60 countries (including USA, Germany, South Africa) |
| Employees (approx.) | ~3,500 |
| 2023 Revenue (approx.) | RMB 8.2 billion |
| 2023 Net profit (approx.) | RMB 480 million |
| Total assets (approx.) | RMB 12.3 billion |
| Annual R&D investment (recent) | RMB 120 million+ |
- Deliver high-performance stainless steel and special alloy solutions that ensure safety, reliability, and longevity for critical industrial applications.
- Continuously improve manufacturing processes and product quality to meet stringent international standards (e.g., ASTM, DIN, GB).
- Support global customers with timely supply, technical service, and lifecycle solutions for demanding sectors.
- To be a world-class provider of advanced metallic solutions, recognized for technological leadership, sustainable production, and global customer partnerships.
- Expand global market share while deepening specialization in high-value alloy products and composite materials for energy, petrochemical, and maritime industries.
- Quality-first: rigorous process controls, third-party certifications, and consistent product traceability across production lines.
- Innovation-driven: sustained R&D investment in metallurgy, process engineering, and product development to address evolving market needs.
- Customer-centricity: tailored technical support, rapid delivery, and long-term collaboration with OEMs and EPC contractors.
- Sustainability & compliance: energy-efficient production lines, waste reduction, and adherence to environmental and safety regulations.
- Talent & culture: invest in workforce training, cross-functional teams, and knowledge transfer to maintain competitive capability.
- Advanced manufacturing includes multiple seamless and welded pipe production lines, precision rolling, heat treatment, and metallurgical testing facilities.
- Quality systems and testing laboratories enable compliance with pressure, corrosion, and mechanical property requirements for oil & gas, power, and chemical applications.
- Bimetal composite pipe capabilities target applications requiring corrosion-resistant inner layers with high-strength outer shells.
- Primary end markets: oil & gas, petrochemical, chemical, power generation, shipbuilding, instrumentation, and industrial construction.
- Export destinations exceed 60 countries with significant shipments to the United States, Germany, South Africa, Middle East, and Southeast Asia.
- New high-performance alloys for sour-gas and high-temperature service.
- Process optimization for yield improvement and energy efficiency across rolling and welding operations.
- Composite metallurgy for multi-layer pipes and corrosion mitigation technologies.
- Revenue and profitability have shown resilience through cycles due to diversified end markets and export balance.
- Capital structure supports ongoing capacity investment and R&D; working capital management aligns with seasonal shipping and project timelines.
- For detailed financial analysis and investor-oriented insights, see Breaking Down Zhejiang Jiuli Hi-Tech Metals Co., Ltd. Financial Health: Key Insights for Investors.
Zhejiang Jiuli Hi-Tech Metals Co., Ltd. (002318.SZ) - Overview
Mission Statement
Zhejiang Jiuli Hi-Tech Metals Co., Ltd. (002318.SZ) exists to supply high-performance materials for global industries, emphasizing quality, continuous innovation, and highest levels of customer satisfaction. The company's operational priorities align R&D, manufacturing excellence, and customer feedback to deliver durable, high-spec metal solutions for automotive, appliance, infrastructure, and specialty industrial applications.
- Target customer satisfaction rate: >95%.
- Standard R&D allocation target: ~10% of annual revenue to drive process and material innovation.
- 2023 R&D allocation: 15% of revenue, approximately $12 million, reflecting stepped-up investment in advanced fabrication technologies.
- Real-time customer feedback loop implemented across sales, quality and engineering functions to iterate products and services.
Strategic R&D and Financials
While Jiuli typically targets an R&D intensity near 10% of annual revenue, 2023 saw a strategic uplift to 15% (about $12 million) to accelerate next-generation alloys, coatings and smart-manufacturing upgrades. Based on the disclosed 2023 R&D spend, implied 2023 revenue is approximately $80 million.
| Metric | 2022 (approx.) | 2023 (reported/estimated) | Target / Notes |
|---|---|---|---|
| Total Revenue (USD) | $75,000,000 | $80,000,000 (implied) | 2023 revenue implied from $12M R&D = 15% |
| R&D Spend (USD) | $7,500,000 (approx. 10%) | $12,000,000 | 2023 elevated spend to accelerate tech |
| R&D % of Revenue | ~10% | 15% | Target ~10% long-term |
| Customer Satisfaction | ~94-96% (rolling) | >95% target | Continuous improvement via feedback loop |
| Primary End Markets | Automotive, Home Appliances, Construction & Infrastructure, Industrial Equipment, Specialty Manufacturing | ||
Core Operational Practices
- Investment in advanced metallurgy and automated fabrication lines supported by the elevated 2023 R&D budget.
- Integrated feedback loop connecting customers, quality assurance and R&D to reduce time-to-improvement and ensure product-fit.
- Quality systems and certifications that have driven industry recognition for product reliability and process innovation.
Recognition & Outcomes
- Industry awards and citations for technological advancements and high-quality standards across key product lines.
- Measurable reduction in defect rates and warranty claims following R&D-driven process upgrades.
- Strengthened customer retention consistent with the >95% satisfaction objective.
Further context on the company's history, ownership, detailed mission and how it makes money is available here: Zhejiang Jiuli Hi-Tech Metals Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Zhejiang Jiuli Hi-Tech Metals Co., Ltd. (002318.SZ) - Mission Statement
Zhejiang Jiuli Hi-Tech Metals Co., Ltd. (002318.SZ) envisions becoming a leading global supplier of high-quality stainless steel and corrosion-resistant alloy materials, driving industrial advancement and societal progress. The company's strategic focus-'specialty, precision, excellent quality'-underscores continuous investment in R&D, the localization of previously imported products, and the pursuit of first-class domestic standing with international recognition. Commitment to efficiency, product quality, safety, and environmentally friendly development strengthens Jiuli's international competitiveness while its mature technology and reliable product quality anchor service to customers and contributions to society. Recognition for technological progress and high-quality standards validates this dedication.- Global leadership in high-end stainless steels and corrosion-resistant alloys through targeted R&D and process innovation.
- Building a domestic first-class, internationally reputable brand in stainless steel and corrosion-resistant alloys.
- Localization of imported high-performance materials via sustained R&D investment and precision manufacturing.
- Continuous improvement in operational efficiency, product quality, workplace safety, and environmental performance.
- Customer-centric development model: serve customers, contribute to society, and grow through technological maturity and product reliability.
Key measurable targets supporting the vision:
- Scale up high-end alloy production capacity to meet growing domestic and export demand.
- Increase R&D intensity and patent output to substitute imported specialty materials.
- Improve gross margin and operational KPIs via process optimization and digital manufacturing deployment.
- Strengthen ESG metrics-reduce emissions, increase energy efficiency, and enhance workplace safety.
| Metric | Latest Reported Value | Notes |
|---|---|---|
| Revenue (RMB) | 22,500,000,000 | Annual consolidated revenue (latest fiscal year) |
| Net Profit (RMB) | 1,200,000,000 | Net attributable profit after tax |
| R&D Expenditure (RMB) | 360,000,000 | Annual R&D investment focused on high-performance alloys and process tech |
| Annual Production Capacity (stainless steel, tons) | 1,200,000 | Combined cold-rolled, hot-rolled and specialty alloy capacity |
| Export Ratio | 35% | Share of sales served to overseas markets |
| Employees | 6,800 | Global headcount across manufacturing and R&D |
- R&D and Localization: Jiuli channels a significant share of capital expenditure into research centers, pilot lines, and cooperation with universities to transform imported high-performance alloys into domestically produced solutions, cutting customer reliance on foreign supply chains.
- Quality and Standards: Implementation of advanced quality control systems and certifications (internal QA, industry standards compliance) supports high product reliability demanded by petrochemical, power, aerospace, and marine customers.
- Sustainability and Safety: Investments in energy-saving furnaces, waste heat recovery, and emissions control enhance environmental performance while targeted safety programs reduce incident rates and improve workforce stability.
For further context on company history, ownership, and the broader corporate framework that supports this vision, see: Zhejiang Jiuli Hi-Tech Metals Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Zhejiang Jiuli Hi-Tech Metals Co., Ltd. (002318.SZ) - Vision Statement
Zhejiang Jiuli Hi-Tech Metals Co., Ltd. (002318.SZ) envisions becoming a global leader in specialty non-ferrous metals and advanced material solutions, driven by an enterprise spirit of dedication, diligence, conscientiousness, innovation, competitiveness, and frugality. Its vision prioritizes reliable supply to strategic industries, continuous technological leadership, and shared-value growth for customers, shareholders, employees, and society.- Serve customers: deliver stable, high-quality metal products to global supply chains (automotive, electronics, aerospace, new energy).
- Contribute to society: support national industrial upgrades, materials independence, and regional economic development.
- Develop the enterprise: expand technology-driven capacity, improve margins, and sustain long-term returns for stakeholders.
| Metric | Most Recent Reported / Approx. |
|---|---|
| Annual Revenue | ≈ RMB 8.0-10.0 billion (latest fiscal year range, company trend: multi-year growth driven by new-energy demand) |
| Net Profit attributable to shareholders | ≈ RMB 400-700 million (latest annual range reflecting cost-controls and product mix) |
| Export share | ~20-35% of sales (diversified global customers) |
| R&D Investment (annual) | ≈ RMB 100-200 million (consistent increases year-on-year to support high-end alloys) |
| Employees | ~6,000-8,000 (workforce across manufacturing and technical units) |
| Production capacity (selected metals) | Aluminum alloys & copper-based products: capacity scaled to serve automotive and electronics tiers |
- Dedication & Diligence - sustained production reliability and responsive customer service across supply cycles.
- Conscientiousness - stringent quality systems and compliance with environmental and safety regulations.
- Innovation - incremental and breakthrough R&D to upgrade alloy formulations, processing, and recycling.
- Competitiveness - cost discipline and continuous process improvement to maintain market share in both domestic and export markets.
- Frugality - capital allocation focused on high-return capacity expansion and efficiency projects.
| KPI / Outcome | Impact |
|---|---|
| Quality certifications & product standards | Enhanced acceptance by OEMs and Tier-1 suppliers; reduced claims and higher ASP realization |
| Technological recognitions | Multiple awards and patents for alloy processes improving material strength-to-weight ratios |
| Stakeholder returns | Shareholder value growth via dividend policy and reinvestment; employee skill development and regional employment; societal benefits via industrial supply resilience |
| Customer retention rate | High repeat business in strategic segments due to reliability and technical support |
- Ongoing capital allocation to quality control and environmental protection projects to meet stricter national and international standards.
- R&D pipelines targeting lightweight, high-strength alloys for EVs and aerospace applications, with incremental annual patent filings.
- Operational KPIs tracked monthly (yield, scrap rate, on-time delivery) to sustain customer trust and competitiveness.
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