Hangzhou Oxygen Plant Group Co.,Ltd. (002430.SZ) Bundle
Founded in 1950, Hangzhou Oxygen Plant Group Co., Ltd. (Hangyang), listed on the Shenzhen Stock Exchange as 002430, has grown into a global leader in air separation and cryogenic petrochemical equipment with over 3.5 million Nm³/h total oxygen production capacity across 60+ gas subsidiaries and exports to more than 40 countries; its mission to deliver green equipment and sustainable gas solutions is backed by an R&D commitment of about 10% of annual revenue (approximately ¥150 million in 2023), a reported 98% customer satisfaction rate and 95% of inquiries resolved within 24 hours, while its vision targets include 10% annual revenue growth, a RMB 500 million R&D investment to cut production costs by 20% by 2026, a global market-share ambition of 25% by 2025, and measurable emissions reductions (15% in 2023 with a further 10% planned), all underpinned by ISO 9001-quality standards and a focus on innovation, customer-centric service and large-scale ultra-large air separation unit leadership.
Hangzhou Oxygen Plant Group Co.,Ltd. (002430.SZ) - Intro
Established in 1950, Hangzhou Oxygen Plant Group Co.,Ltd. (Hangyang) is a leading Chinese enterprise specializing in air separation units (ASUs) and cryogenic petrochemical equipment. Listed on the Shenzhen Stock Exchange in 2010 (stock code 002430), Hangyang combines industrial gases, engineering & equipment, and high-end manufacturing to serve energy, metallurgy, chemical, medical, and environmental sectors worldwide.
- Founded: 1950
- IPO: 2010 - Shenzhen Stock Exchange, 002430.SZ
- Core business segments: Gases; Engineering & Equipment; High-end Manufacturing
- Global footprint: Products exported to over 40 countries
| Metric | Value |
|---|---|
| Number of gas subsidiaries (invested/established) | Over 60 |
| Total oxygen production capacity | Exceeding 3.5 million Nm³/h |
| Leading product scale | Ultra-large ASUs of 60,000 Nm³/h and above - global leader |
| Export reach | Products sold to more than 40 countries |
| Primary markets served | Energy, petrochemical, metallurgy, healthcare, environmental protection |
Mission
- Provide sustainable, value-creating green equipment and gas products that enable low-carbon industrial transformation.
- Deliver integrated cryogenic and gas solutions that improve customer productivity, safety, and environmental performance.
- Scale technology and manufacturing to meet global demand for large-capacity air separation and cryogenic systems.
Vision
- Be the world's trusted provider of ultra-large-scale air separation and cryogenic solutions, driving decarbonization across heavy industry.
- Expand a global service and manufacturing network that supports clean-energy transition and circular industrial processes.
- Continuously innovate to lead in high-end manufacturing, digitalized plant control, and energy-efficient cryogenic technologies.
Core Values
- Safety-first: uncompromising commitment to workplace and product safety across all operations and installations.
- Quality & Reliability: deliver high-performance, durable equipment and gas supply solutions with rigorous QA/QC.
- Customer-centricity: provide tailored engineering and lifecycle services that maximize customer uptime and ROI.
- Innovation-led: invest in R&D for energy efficiency, large-scale ASU design, and advanced cryogenic equipment manufacturing.
- Sustainability & Responsibility: prioritize low-carbon solutions, resource efficiency, and responsible global expansion.
Strategic operational highlights and global positioning reinforce Hangyang's mission and vision, including a nationwide and international network of over 60 subsidiaries and a combined oxygen capacity above 3.5 million Nm³/h - positioning the company to support large industrial decarbonization projects and to export technology and equipment to more than 40 countries. For an in-depth look at financial metrics and investor-focused analysis, see: Breaking Down Hangzhou Oxygen Plant Group Co.,Ltd. Financial Health: Key Insights for Investors
Hangzhou Oxygen Plant Group Co.,Ltd. (002430.SZ) - Overview
Mission Statement
Hangzhou Oxygen Plant Group Co.,Ltd. (002430.SZ) exists to provide the world with green equipment, high-purity gas products, and sustainable development solutions. The company prioritizes delivering high-quality industrial gas solutions, fostering continuous innovation, and ensuring customer satisfaction across healthcare, manufacturing, and specialty industrial sectors.
- Commitment to sustainability: development and deployment of low-emission gas production equipment and energy-efficient processes.
- Customer-first innovation: tailored gas supply systems and on-site service models for critical industries.
- Quality assurance: stringent production controls and certification regimes to guarantee product purity and reliability.
Investment in Innovation
Hangzhou Oxygen Plant targets significant reinvestment into R&D to maintain technological leadership and broaden application of gas technologies.
| Metric (2023) | Value |
|---|---|
| R&D spend (% of revenue) | ~10% |
| R&D spend (¥) | ≈ ¥150,000,000 |
| Estimated total revenue (implied) | ≈ ¥1,500,000,000 |
| Customer satisfaction rate | 98% |
| Clients reporting meet/exceed expectations | 85% |
| Inquiries resolved within 24 hours | 95% |
Vision
To be a global leader in green industrial gas systems and sustainable solutions, enabling cleaner production and stronger healthcare infrastructure through cutting-edge equipment and reliable gas supply chains.
- Scale global deployment of energy-efficient air separation and gas-handling equipment.
- Expand specialty gas portfolios for medical, semiconductor, and clean-energy markets.
- Drive circular and low-carbon operations across manufacturing and logistics.
Core Values
- Integrity - transparent operations, compliance with safety and environmental standards.
- Customer Centricity - rapid response, tailored technical support, and lifecycle service models.
- Innovation - sustained R&D investment to push gas production, storage, and application frontiers.
- Quality - consistent delivery of high-purity gases and certified equipment performance.
- Sustainability - minimizing carbon footprint across product design and operations.
Customer Service & Market Feedback
Operational metrics reflect the company's client-focused execution:
- 98% overall customer satisfaction in 2023, attributed to quality control and service reliability.
- 85% of clients report that Hangzhou Oxygen Plant meets or exceeds expectations for service delivery and technical support.
- A dedicated customer service team resolved 95% of inquiries within 24 hours, supporting uptime-critical customers in healthcare and manufacturing.
Relevant investor-facing coverage and deeper financial context can be found here: Breaking Down Hangzhou Oxygen Plant Group Co.,Ltd. Financial Health: Key Insights for Investors
Hangzhou Oxygen Plant Group Co.,Ltd. (002430.SZ) - Mission Statement
Hangzhou Oxygen Plant Group Co.,Ltd. (002430.SZ) commits to developing safe, reliable, and innovative industrial gas solutions that enable a low-carbon, green society while delivering consistent shareholder value and superior customer outcomes. The mission centers on operational excellence, sustainable growth, and technology-driven product diversification to meet rising global demands across industrial, medical, and specialty gas markets.- Deliver dependable industrial and medical gas products with world-class safety and quality standards.
- Accelerate decarbonization by embedding low-carbon processes across production and logistics.
- Invest in R&D and digital transformation to expand offerings and improve cost-efficiency.
- Maintain a customer-centric culture achieving world-class satisfaction and service responsiveness.
- Create long-term value for shareholders via disciplined growth and strategic market expansion.
Vision Statement
Hangzhou Oxygen Plant Group aims to create a low-carbon and green society and become a world-class enterprise in the gas industry. The vision drives measurable strategic targets across revenue, market share, R&D, emissions, and customer satisfaction to transform the company into a global leader.| Strategic Area | Target / Result | Timeframe | Notes |
|---|---|---|---|
| Revenue Growth | 10% annual growth | Ongoing | Focus on expanding product lines in gas & related industries |
| R&D Investment | RMB 500 million | Through 2026 (planned) | Enhance product offerings; digital & process innovation |
| Production Cost Reduction | 20% reduction | By 2026 | Expected via R&D and operational improvements |
| Global Market Share (industrial gas) | 25% | By 2025 | Achieved through partnerships and emerging market expansion |
| Customer Satisfaction | ≥95% | 2024 | Implement feedback mechanisms and service enhancements |
| GHG Emissions Reduction (reported) | 15% decrease achieved in 2023 | 2023 | Baseline improvements from upgraded manufacturing processes |
| GHG Emissions Reduction (target) | Additional 10% reduction | By 2024 | Further emissions cuts via sustainable practices & upgrades |
Core Values Driving Execution
- Safety first - uncompromising workplace and product safety.
- Environmental stewardship - measurable decarbonization and resource efficiency.
- Customer focus - responsiveness, reliability, and continuous improvement to hit ≥95% satisfaction.
- Innovation - sustained investment (RMB 500M) in R&D to lower costs 20% and broaden product portfolio.
- Integrity & compliance - transparent governance and adherence to international standards.
- Collaboration - strategic partnerships to capture 25% industrial gas market share by 2025.
Key Performance Indicators (KPIs) and Milestones
- Annual revenue growth target: 10% year-over-year.
- R&D spend: RMB 500 million committed to product and process innovation.
- Operational efficiency: 20% production cost reduction targeted by 2026.
- Market share: Increase to 25% in the global industrial gas market by 2025.
- Customer satisfaction: Achieve and sustain ≥95% by 2024 through systematic feedback loops.
- Emissions: Reported 15% GHG reduction in 2023; target additional 10% reduction by 2024.
Hangzhou Oxygen Plant Group Co.,Ltd. (002430.SZ) - Vision Statement
Hangzhou Oxygen Plant Group Co.,Ltd. (002430.SZ) envisions becoming a global leader in green industrial gases and equipment by delivering high-quality, innovative, and sustainable solutions that create long-term value for customers, partners, and society. The vision centers on three strategic pillars: technological leadership, customer-centric services, and sustainability-driven growth.- Technological leadership through continuous R&D investment (approximately 10% of annual revenue directed to research and development).
- Operational excellence anchored in internationally recognized quality systems (ISO 9001 certification).
- Customer intimacy achieved via structured feedback loops and fast-response service (95% of customer inquiries resolved within 24 hours).
- Commitment to sustainable, green products and turnkey solutions spanning equipment, gases, and integrated services.
| Metric | Target / Status | Relevance |
|---|---|---|
| R&D Investment | ~10% of annual revenue | Drives product innovation and process improvements |
| Quality Certification | ISO 9001 certified | Ensures standardized quality management across operations |
| Customer Service Response | 95% inquiries resolved within 24 hours | Indicative of customer-focus and operational responsiveness |
| Product Offering | Green equipment, industrial gases, integrated solutions | Supports sustainability and full-spectrum customer needs |
| Public Listing | 002430.SZ (Shenzhen) | Provides transparency and access to capital markets |
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