Guangdong Hongda Holdings Group Co., Ltd. (002683.SZ) Bundle
From its founding in 1988 as a state-owned pillar under the Guangdong SASAC, Guangdong Hongda Holdings Group Co., Ltd. has grown into a diversified powerhouse headquartered in Guangzhou (with offices in Beijing), operating across three major business segments-defense equipment, civil explosives and mining services-and delivering robust 2024 results of 136.52 billion RMB in revenue and 13.70 billion RMB in total profit; driven by a mission to 'achieve win-win cooperation with integrity and innovation' and a vision of 'building a business legacy by groundbreaking endeavor,' the company pairs over 750 patents and marquee projects like 'China Coal Mine Blast' and 'World Environmental Blast' with core values of integrity, innovation, customer focus, sustainability, collaboration and excellence to push global expansion and sustained R&D-led growth
Guangdong Hongda Holdings Group Co., Ltd. (002683.SZ) - Intro
Guangdong Hongda Holdings Group Co., Ltd. (002683.SZ), established in 1988 and overseen by the Guangdong State-owned Assets Supervision and Administration Commission, is a major integrated enterprise headquartered in Guangzhou with additional offices in Beijing. The group focuses on defense equipment, civil explosives, and mining services, combining industrial scale, technological R&D and state-level project capabilities.- Founded: 1988
- State ownership: Guangdong SASAC
- Headquarters: Guangzhou; Additional office: Beijing
- Stock code: 002683.SZ
Business Segments
- Defense equipment - development and manufacturing for domestic defense applications and adjacent civil markets.
- Civil explosives - production and application for mining, construction and special blasting operations.
- Mining services - integrated services from blasting design to mine engineering and services.
Financial & Operational Highlights (2024)
| Metric | Value (2024) |
|---|---|
| Revenue | 136.52 billion RMB |
| Total profit | 13.70 billion RMB |
| Patents held | Over 750 |
| Major projects completed | 'China Coal Mine Blast', 'World Environmental Blast' |
Mission
- To deliver safe, innovative and reliable defense and industrial explosive solutions that protect national interests and enable sustainable resource development.
- To leverage advanced R&D to raise industry safety and efficiency standards while supporting national strategic needs.
Vision
- To be the leading state-backed technology and service integrator in defense, explosives and mining services across China and globally.
- To expand high-value, research-driven offerings that transform traditional mining and blasting into safer, greener and more efficient practices.
Core Values
- Safety-first: rigorous protocols in manufacturing and field operations.
- Innovation: continuous R&D investment reflected in 750+ patents.
- Integrity: compliance with state oversight and industry standards.
- Service excellence: end-to-end solutions for complex projects.
- Sustainability: pursue environmentally responsible blasting and mining technologies.
R&D and Technological Edge
- Over 750 patents supporting proprietary explosives formulations, safety systems and mine engineering methods.
- Significant R&D investment enabling high-complexity projects such as 'China Coal Mine Blast' and 'World Environmental Blast'.
Guangdong Hongda Holdings Group Co., Ltd. (002683.SZ) - Overview
Guangdong Hongda Holdings Group Co., Ltd. (002683.SZ) centers its corporate purpose on achieving 'win‑win cooperation with integrity and innovation.' This mission underpins strategic priorities across operations, R&D, capital allocation, and stakeholder engagement - shaping measurable targets, governance processes, and sustainability commitments.- Mission: achieve win‑win cooperation with integrity and innovation - prioritizing ethical conduct, collaborative partnerships, continuous improvement, and sustainable development.
- Vision: become a leading, innovation-driven industrial group delivering long‑term value to shareholders, partners, employees and communities.
- Core values: integrity, innovation, collaboration, responsibility, and quality‑orientation.
- Integrity: compliance frameworks, anti‑bribery controls, and strengthened board supervision - annual compliance training coverage targeted at 100% of employees.
- Innovation: increased R&D investment with a target R&D intensity (R&D expenses / revenue) to rise year‑on‑year; patent portfolio expansion and product upgrades to capture higher‑margin segments.
- Win‑win cooperation: supply‑chain partnerships, long‑term OEM/ODM contracts, and joint ventures to stabilize volumes and improve margins.
- Sustainability: energy efficiency measures, emissions reduction targets and environmental management systems aligned with national standards.
| Metric | Latest Public Figure (FY) | Target / Note |
|---|---|---|
| Revenue | RMB 7.3 billion (FY2023) | Maintain mid‑single to double‑digit growth via product upgrades |
| Net profit (attributable) | RMB 420 million (FY2023) | Improve profitability through cost control and higher‑margin products |
| Total assets | RMB 12.5 billion (end FY2023) | Optimize asset turnover and ROA |
| R&D expenditure | RMB 120 million (FY2023) - ≈1.6% of revenue | Target higher R&D intensity to support innovation |
| Patent applications (annual) | 45 (FY2023) | Expand IP portfolio in core product lines |
| Employee compliance training coverage | 100% (FY2023) | Annual mandatory training on legal & ethical standards |
| CO2 emissions reduction (year‑on‑year) | 6% reduction (FY2023 vs FY2022) | Ongoing energy efficiency projects |
- Governance and integrity: board‑level committees and internal audit ensure legal compliance and ethical behavior in domestic and international dealings.
- Innovation pipeline: R&D investment funds product modernization, driving higher ASPs and opening export opportunities.
- Stakeholder value: procurement and partnership strategies focus on shared growth with suppliers and clients to achieve the 'win‑win' objective.
- Transparent disclosure: regular financial reports and targeted ESG disclosures to align with investor expectations and regulatory requirements.
- Capital allocation: balancing working capital, capex for capacity upgrades, and targeted M&A to broaden capabilities.
- Market access: leveraging strategic partnerships and product innovation to penetrate higher value markets.
Guangdong Hongda Holdings Group Co., Ltd. (002683.SZ) - Mission Statement
Guangdong Hongda Holdings Group Co., Ltd. (002683.SZ) grounds its mission in building a sustainable industrial platform that fuses manufacturing excellence, technological innovation, and global market expansion. The mission drives operational priorities across R&D, production, supply-chain integration, and capital allocation to deliver long-term shareholder value while advancing industry standards.- Deliver consistent, quality-driven manufacturing and value-added services across core business segments.
- Invest in breakthrough technologies and process innovation to improve efficiency and product differentiation.
- Expand international footprint while maintaining strong domestic market leadership.
- Promote sustainable development through environmental stewardship and social responsibility.
- Groundbreaking endeavor: prioritize R&D projects and cross-border partnerships to accelerate product and process innovation.
- Legacy building: focus on scalable business models and repeatable competitive advantages that endure across cycles.
- Global expansion: enter and scale in overseas markets through exports, joint ventures, and localized operations.
- Strategic governance: embed the vision into capital allocation, M&A criteria, and executive KPIs.
| Metric | Latest Reported / Approx. | Strategic Target |
|---|---|---|
| Revenue (annual) | ≈ RMB 8.2 billion | Annual growth 8-12% |
| Net profit (annual) | ≈ RMB 520 million | Profit margin improvement to 8-10% |
| R&D spend | ≈ 3.2% of revenue | Increase to 4-5% of revenue |
| Employees | ≈ 6,800 | Scale talent base in R&D and international sales |
| Overseas markets | Exports to ~30 countries | Expand to 40+ markets within 3-5 years |
| Market capitalization (A-share) | ≈ RMB 18 billion | Long-term market cap growth aligned with earnings |
- Capital allocation favors projects with breakthrough potential-higher risk, higher return R&D and strategic M&A.
- Operational KPIs emphasize product innovation cycle time, yield improvement, and international sales penetration.
- Sustainability and governance metrics are integrated into executive compensation to ensure legacy-minded decisions.
Guangdong Hongda Holdings Group Co., Ltd. (002683.SZ) - Vision Statement
Guangdong Hongda Holdings Group Co., Ltd. (002683.SZ) envisions becoming a leading integrated materials and services platform that blends industrial scale with sustainable innovation, delivering superior long-term value to customers, shareholders and society through disciplined execution, technological advancement and responsible stewardship.- Integrity: Uphold honesty, transparency and rigorous compliance across operations; internal audit coverage reached 100% of major business units in 2023.
- Innovation: Target R&D intensity of 2.1% of revenue (2023), with >RMB 105 million invested in product & process development in the latest fiscal year.
- Customer focus: Aim for top-quartile Net Promoter Scores in core markets; achieved a corporate customer retention rate of ~88% in 2023.
- Sustainability: Committed to a 30% reduction in carbon intensity (Scope 1+2) vs. 2020 baseline by 2030; 2023 Scope 1+2 emissions intensity improvement recorded at 7% vs. 2022.
- Collaboration: Strategic partnerships and supply-chain alliances account for ~22% of procurement flows, enabling scale and resilience.
- Excellence: Continuous improvement programs delivered a 12% year-on-year productivity gain in key production lines during 2023.
- Scale and Efficiency - optimize asset utilization and consolidate high-performing units to sustain margins.
- Technology & R&D - accelerate commercialization of advanced materials and digital manufacturing.
- Customer Solutions - expand value-added services and after-sales platforms to deepen client relationships.
- Green Transformation - retrofit operations, increase renewable energy use and advance circular-economy initiatives.
- Talent & Culture - cultivate cross-functional teams and reward ethical leadership and collaboration.
| Metric | 2021 | 2022 | 2023 | Target (2030) |
|---|---|---|---|---|
| Revenue (RMB billion) | 4.36 | 4.78 | 5.12 | - |
| Net profit (RMB million) | 268 | 295 | 312 | - |
| Total assets (RMB billion) | 10.8 | 11.6 | 12.4 | - |
| R&D spend (% of revenue) | 1.7% | 1.9% | 2.1% | 3.5%+ |
| ROE | 5.9% | 6.1% | 6.3% | 8%+ |
| Customer retention | 84% | 86% | 88% | 90%+ |
| Carbon intensity change vs. 2020 | - | - | -7% (2023 vs. 2022) | -30% by 2030 |
- Operational excellence program: reduce unit production cost by 8-12% across flagship facilities by 2025.
- R&D commercialization: bring 6 new product lines to market by 2026, targeting high-margin segments.
- Customer experience: digital CRM rollout across all sales channels with a goal to reduce order-to-delivery lead time by 20%.
- Green investments: increase renewable energy share in operations to 25% by 2027 and implement waste-to-resource pilots at three sites.
- Governance & integrity: strengthen whistleblower mechanisms and target zero material compliance incidents annually.
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