Breaking Down Qingdao Gon Technology Co., Ltd. Financial Health: Key Insights for Investors

Founded on December 22, 2000 with a registered capital of RMB 271.25 million, Qingdao Gon Technology Co., Ltd. has evolved into a vertically integrated chemical-materials leader-restructured in 2011 and listed on the Shenzhen Stock Exchange as 002768.SZ (June 30, 2015)-building a full-chain R&D system (nearly 500 patents) across green petrochemicals, organic polymer modified materials and biodegradable products; the company reported RMB 19.22 billion in revenue for 2024 after a 19.6% CAGR (FY2022-FY2024), supplies flame‑retardant, weatherproof and specialty plastic alloys to customers like Hisense and Midea, operates automated smart factories recognized with Qingdao's "Advanced Smart Factory" certification in 2025, and reached a market capitalization of about RMB 14.1 billion by December 2025 while maintaining a majority-controlling shareholder structure that supports long-term, sustainability- and innovation-driven expansion

Qingdao Gon Technology Co., Ltd. (002768.SZ): Intro

• Established: December 22, 2000 (registered capital: RMB 271.25 million)
• Restructuring & renaming: 2011 - from Qingdao Gon Technology Development Co., Ltd. to Qingdao Gon Technology Co., Ltd.
• IPO: Listed on Shenzhen Stock Exchange (002768.SZ) on June 30, 2015
• Industry positioning by 2024: vertically integrated cluster - green petrochemicals, polymer-modified materials, biodegradable materials
• Digital & smart manufacturing award: 'Advanced Smart Factory' certification from Qingdao City, 2025
• Market capitalization (Dec 2025): ≈ RMB 14.1 billion

• Share structure: publicly traded on SZSE; shareholding mix includes founders/management, strategic investors and public float. (Major holder names and percentages fluctuate by filing; refer to latest disclosure for exact stakes.)
• Corporate governance: board of directors and supervisory committee as required for A-share listed companies; periodic disclosures filed with Shenzhen Stock Exchange.

• Mission: deliver advanced chemical-material solutions emphasizing environmental performance, product innovation and industrial integration.
• Strategic pillars: vertical integration across feedstock-to-materials, technology-driven product development, expansion into biodegradable and green-chemicals markets, and digital/Industry 4.0 manufacturing.
• Capabilities: in-house R&D, production capacity for polymer-modified and biodegradable materials, and ongoing digital transformation (recognized by the 2025 smart factory award).

• Upstream feedstock procurement: secures petrochemical intermediates and specialty monomers.
• In-house processing & formulation: polymer modification, compounding, functionalization and biodegradable polymer production.
• Product portfolio: specialty additives, modified polymer materials, biodegradable resins and allied chemical intermediates for industrial and consumer applications.
• Go-to-market: direct sales to industrial OEMs, distributors and downstream compounders; tailored formulations for specific industrial segments.
• Supporting functions: R&D labs, quality control, and smart manufacturing systems implemented across plants.

• Product sales: primary revenue from sale of specialty chemical products and polymer-modified materials to industrial customers.
• Value-added formulations and customization: higher-margin bespoke formulations and technical services for clients.
• Scale & integration benefits: vertical integration reduces input costs and captures margin across steps from intermediates to finished materials.
• New growth avenues: biodegradable materials and green-chemicals offerings target premium pricing and regulatory-driven demand growth.

• Operates in sectors sensitive to environmental regulation and industrial policy (green chemistry, biodegradables), positioning for policy tailwinds in China.
• Listed-company disclosures and financial statements are filed with Shenzhen Stock Exchange; investors should consult filings for up-to-date financial metrics and major-shareholder details.

Qingdao Gon Technology Co., Ltd. (002768.SZ): History

Founded and headquartered in Qingdao, Qingdao Gon Technology Co., Ltd. grew from a regional industrial technology firm into a publicly traded company focusing on advanced materials, manufacturing equipment and related technology services. The company completed its A-share listing on the Shenzhen Stock Exchange under ticker 002768.SZ, enabling broader capital access and market liquidity.

• Listing: Shenzhen Stock Exchange, stock code 002768.SZ
• Total issued share capital (as of June 30, 2015): RMB 271,250,000 (271,250,000 A Shares)
• Controlling shareholders' stake (as of June 30, 2015): ~56.41% of A Shares

Ownership Structure

• The majority stake (~56.41%) is held by the controlling shareholders, providing stable, centralized governance and strategic control.
• The remaining ~43.59% comprises public float and other investors, offering liquidity and market-driven valuation.
• Since listing, the ownership structure has been relatively stable, supporting long-term decision-making and alignment with corporate objectives.

How It Works & How It Makes Money

• Core operations: R&D, production and sales of advanced materials and industrial equipment, plus after-sales services and technical consulting.
• Revenue streams:
  • Product sales (materials, equipment)
  • Engineering and installation contracts
  • Service and maintenance agreements
  • Licensing and technology transfer
• Margin drivers: proprietary technologies, scale manufacturing, service contracts, and strategic customer partnerships.

Mission & Strategic Orientation

• Mission: to advance industrial capabilities through technology-driven materials and equipment solutions that improve efficiency and sustainability.
• Strategic focus: continued R&D investment, expansion of high-value product lines, and leveraging public listing for capital to fund growth.

Further reading: Mission Statement, Vision, & Core Values (2026) of Qingdao Gon Technology Co., Ltd.

Qingdao Gon Technology Co., Ltd. (002768.SZ): Ownership Structure

• Mission and values: focus on R&D of new chemical materials and advanced manufacturing processes, committing to quality improvement and industry leadership in organic polymer modified materials.
• Environmental sustainability: integration of green petrochemical materials and biodegradable product lines to reduce lifecycle environmental impact.
• Vertical integration: controls the industrial chain from raw materials → intermediates → finished formulations to improve margin capture and quality control.
• Digital transformation: investment in factory automation, MES/ERP integration and data-driven production - highlighted by the 2025 Advanced Smart Factory certification.
• Customer-centricity: tailored product portfolios for home appliances, automotive, electronics and other industrial customers.

• How it makes money: manufacturing and sales of polymer-modified materials, specialty additives, green petrochemical intermediates and biodegradable polymer products; revenue mix split across B2B long-term contracts and spot sales to OEMs and distributors.
• Competitive levers: product customization for vertical customers (appliances, automotive, electronics), cost control via upstream integration, premium pricing for specialty/eco-friendly grades, and productivity gains from smart factory automation.

Qingdao Gon Technology Co., Ltd. (002768.SZ): Mission and Values

• Full‑chain R&D system spanning monomers, resins, modified materials and finished products; portfolio supported by nearly 500 patents.
• Vertically integrated manufacturing: upstream monomer synthesis, midstream polymerization and compounding, downstream molding and finishing.
• Automated production and digital process control to achieve consistent product properties and production scale‑up.

• R&D platform: multidisciplinary teams (polymer chemistry, process engineering, application engineering) run pilot reactors and materials labs to shorten lead time from concept to product.
• Advanced reactors & automation: proprietary reactor designs for controlled polymerization, plus PLC/DCS integrated fully automated control systems for safety and repeatability.
• Scale & capacity: multiple production lines capable of continuous polymerization and batch modification to serve both high‑volume OEM contracts and specialty custom orders.
• Quality systems: first‑rate internal test laboratories and a strict QA/QC regime covering incoming raw materials, in‑process controls, and final product acceptance testing.

• Long‑term supply and technical partnerships with leading domestic appliance OEMs (e.g., Hisense, Midea) that anchor large, recurring purchase contracts and co‑development projects.
• Customer applications: components and materials for air‑conditioners, washing machines, and automotive parts (structural components, housings, seals, and modified engineering plastics).
• Channel & export: direct OEM supply plus distribution to downstream processors; selective exports to Asia and Europe for specialized grades.

• Patent base: nearly 500 granted patents supporting formulations, process routes and reactor designs.
• Manufacturing assets: multiple automated lines and innovative reactor units enabling continuous and batch polymerization modes.
• Testing & QC: dedicated laboratories for rheology, mechanical testing, thermal analysis and chemical characterization to meet OEM specifications.
• Customer concentration: long‑term contracts with household appliance giants provide volume stability and R&D collaboration channels.

• Mission: to deliver advanced chemical materials and engineered polymer solutions that enable reliable, energy‑efficient appliance and automotive products.
• Values: innovation via R&D investment, vertical integration for supply security, quality assurance through rigorous testing, and close customer collaboration for application performance.

Qingdao Gon Technology Co., Ltd. (002768.SZ): How It Works

• Primary product categories:
  • Modified plastic particles (base resins and compounded masterbatches)
  • Modified plastic products (injection-molded and extruded components)
  • Functional plastic plates (sheets and panels for structural and decorative use)
• Key product functions:
  • Flame-retardant alloys
  • Weatherproof and UV-stable formulations
  • Reinforced (glass/particle) composites
  • Heat-resistant grades
  • High-brightness/appearance-enhanced compounds
• End-market diversification:
  • Home appliances (housings, internal components)
  • Automotive (interior/exterior parts, under-hood components)
  • Electronics (enclosures, insulating parts)
  • Construction (functional plates, architectural panels)

• Raw-material procurement → in-house compounding/modification → sale of tailored pellets and semi-finished products to contract manufacturers and OEMs.
• Higher-margin downstream processing (custom molded parts, functional plates) and proprietary additive packages raise per-unit profitability.
• Long-term supply agreements and technical partnerships with appliance, auto and electronics customers stabilize volumes and support premium pricing for specialized grades.

• Specialty additives and proprietary alloy recipes command price premiums versus commodity resins.
• Value-added products (functional plates, precision-molded components) shift sales mix toward higher-margin lines.
• Multi-industry exposure reduces dependency on any single cyclical sector, smoothing top-line volatility.

• R&D in flame retardancy, heat resistance and appearance enhancement enabling entry into regulated and premium segments.
• Capacity expansions and vertical integration of compounding/processing to capture incremental margin.
• Customer diversification across appliances, automotive, electronics and construction to scale volumes.

Qingdao Gon Technology Co., Ltd. (002768.SZ): How It Makes Money

• Core product sales: polymer modifiers, emulsions, resins and specialty additives sold domestically and exported to international customers.
• High-end application solutions: customized R&D and formulation services for clients in coatings, adhesives and advanced materials (higher margin).
• Vertical integration: upstream raw-material processing and downstream formulation reduce costs and capture value across the chain.
• Licensing & technical service fees: technology transfer and process optimization for industrial partners.
• Smart factory premium: efficiency gains from intelligent manufacturing raise throughput and lower per‑unit production cost.

• Technology leadership - recognized R&D credentials underpin product premium and faster new‑product commercialization.
• Sustainability & smart manufacturing - 2025 green factory and smart factory certifications lower compliance risk and improve unit economics.
• Expansion into high‑end application markets - strategy focuses on moving up the value chain where margins and technical barriers are higher.
• Integrated industrial chain - vertical integration supports cost control and stable supply for rapid capacity scaling.