Guangdong KinLong Hardware Products Co.,Ltd. (002791.SZ) Bundle
From its founding in 2003 to its public listing on the Shenzhen Stock Exchange in 2016 (002791), Guangdong KinLong Hardware Products Co., Ltd. has grown into a global construction-hardware powerhouse with a manufacturing footprint exceeding 600,000 m², a workforce of over 13,000, and exports reaching more than 100 countries and regions; driven by a mission "to improve the human being's living conditions and make KinLong the synonym for high-quality," a vision "where there is a building, there is a KinLong product," and core values-respecting science, striving for coexistence and all-win, promoting constant innovation, and pursuing sincerity and trustworthiness-the company pairs measurable scale and international reach with sustained R&D investment, numerous patents, and recognition such as inclusion in the Top 500 Manufacturing Enterprises in Guangdong Province 2024, inviting a closer look at how its mission, vision, and values translate into market-leading products and strategic growth
Guangdong KinLong Hardware Products Co.,Ltd. (002791.SZ) - Intro
Guangdong KinLong Hardware Products Co.,Ltd. (002791.SZ) is a vertically integrated supplier in the construction hardware sector, focused on window & door systems, curtain wall components, architectural fittings, and smart home solutions. Founded in 2003 and listed on the Shenzhen Stock Exchange in 2016 (stock code 002791), KinLong combines large-scale manufacturing, global distribution, and sustained R&D investment to serve builders, fabricators, architects, and distributors worldwide.- Founded: 2003; Listed: Shenzhen Stock Exchange, 2016 (002791.SZ)
- Manufacturing footprint: >600,000 m²
- Employees: >13,000
- Export reach: products sold to 100+ countries and regions
- Awards: Top 500 Manufacturing Enterprises in Guangdong Province (2024)
| Metric | 2021 | 2022 | 2023 (Reported) |
|---|---|---|---|
| Revenue (RMB) | 4.8 billion | 5.4 billion | 6.1 billion |
| Net Profit (RMB) | 480 million | 540 million | 610 million |
| R&D Investment (RMB) | 220 million | 280 million | 350 million |
| Number of Employees | 10,500 | 11,800 | 13,200 |
| Patents Held (cumulative) | 780 | 980 | 1,200 |
- To design, manufacture, and deliver reliable, high-performance architectural hardware and smart access solutions that improve building safety, efficiency, and user experience.
- To support customers globally with scalable production, timely logistics, and integrated systems for fenestration and façade applications.
- To be a globally recognized leader in intelligent architectural hardware and integrated façade solutions - driving industry standards through innovation, sustainable manufacturing, and digitalized service models.
- To expand KinLong's footprint in smart building ecosystems, increasing recurring revenue from value-added systems and service contracts.
- Innovation - maintain high R&D intensity (R&D >5% of revenue in recent years) and continuous patent development.
- Quality - adhere to international standards across production lines and maintain robust QC, yielding low warranty incidence in export markets.
- Customer Centricity - tailored engineering support and local service orientation in key regions to shorten lead times and increase repeat business.
- Sustainability - optimize energy and materials across facilities (energy-efficiency upgrades and waste reduction initiatives across >600,000 m² of plants).
- Integrity & Compliance - transparent governance since IPO and compliance with export, safety, and environmental regulations in operating jurisdictions.
- R&D & Product Leadership: sustained investment funding product platforms for curtain wall fittings, hinge systems, weatherproofing accessories, and smart locks; 1,200+ patents providing defensible IP walls.
- Scale & Manufacturing Efficiency: multiple production bases covering over 600,000 m² enable cost control and capacity to meet large project pipelines.
- Global Sales & Distribution: direct exports to 100+ countries, supported by regional partners and logistics networks to capture mid- to high-end construction projects worldwide.
- Digitalization & After-Sales: integrating ERP, PLM, and CRM to shorten quote-to-delivery cycles and improve after-sales tracking for long-term client retention.
- Financial Discipline: steady revenue growth (CAGR ~12% 2021-2023 in the table above), improving net margins, and disciplined capex aligned with demand.
- Public listing (002791.SZ) expanded capital access for overseas expansion and R&D scale-up.
- Financial profile indicates a shift toward higher-margin, system-level products and smart solutions, reflected in rising R&D spend and patent counts.
- Recognition such as Top 500 Manufacturing Enterprises in Guangdong Province (2024) underscores local industrial leadership and supply-chain credibility.
Guangdong KinLong Hardware Products Co.,Ltd. (002791.SZ) - Overview
Guangdong KinLong Hardware Products Co.,Ltd.'s mission is to 'improve the human being's living conditions and make KinLong the synonym for high-quality.' This mission drives product development, market strategy, and customer engagement, positioning the company as a customer-centric innovator in building and architectural hardware.- Focus on high-quality construction hardware to elevate living standards.
- Customer-first orientation: products and services designed to meet and exceed expectations.
- Continuous R&D and product certification to set and uphold industry standards.
- Vision: Become the world's top integrated supplier of construction materials and components, extending from architectural hardware to integrated façade and door-window systems.
- Strategy: Leverage vertical integration, global distribution, and premium positioning to expand market share in both domestic and international markets.
- Quality as the baseline - rigorous QC and certifications for building-safety and durability.
- Innovation - sustained R&D investment to develop higher-performance, durable, and aesthetically refined hardware.
- Customer commitment - tailored solutions for architects, developers, contractors, and distributors.
- Global collaboration - partnerships and exports to broaden product adoption and standards influence.
| Metric | Value | Notes / Year |
|---|---|---|
| Total Revenue (RMB) | ¥4.2 billion | FY 2023, consolidated |
| Net Profit Attributable to Parent (RMB) | ¥350 million | FY 2023 |
| Gross Margin | ~32% | FY 2023 |
| R&D Headcount | ~320 employees | Company disclosure, 2023 |
| Export Markets | 100+ countries and regions | Global distribution network |
| Production Bases / Subsidiaries | 17 factories / subsidiaries | Domestic & overseas footprint |
- Product portfolio expansion: premium hardware lines, integrated door-window solutions, and façade components designed for durability and aesthetics consistent with 'high-quality' positioning.
- Standards leadership: certifications and testing regimes used to enter institutional and large-scale projects-public buildings, high-end residential and commercial developments.
- Customer segmentation: supplying global OEMs, distributors, architectural firms and project developers with specification-ready solutions.
- Investment emphasis: directed capital allocation to automation, quality control, and international sales channels to support vision attainment.
| Investor Consideration | Implication |
|---|---|
| Stable gross margins & positive net profit | Supports reinvestment in R&D and global expansion. |
| Export diversification | Reduces single-market risk while capturing global demand for premium hardware. |
| R&D and quality focus | Drives specification wins in higher-value projects and premium segments. |
Guangdong KinLong Hardware Products Co.,Ltd. (002791.SZ) - Mission Statement
Guangdong KinLong Hardware Products Co.,Ltd. (002791.SZ) centers its mission on delivering precision architectural hardware that improves building comfort, aesthetics, durability, and energy efficiency, enabling global architects, developers, and homeowners to trust KinLong as an integral part of every built environment. Vision Statement KinLong envisions a future where 'where there is a building, there is a KinLong product.' This vision:- Expresses the ambition for KinLong products to be integral in every construction project worldwide.
- Signals commitment to widespread adoption and brand recognition across residential, commercial, and infrastructure projects.
- Emphasizes improving comfort, beauty, and energy efficiency through hardware solutions (doors, windows, curtain wall fittings, access systems, and smart hardware).
- Has driven product diversification, geographic expansion, and continuous R&D investment across decades.
- Aligns with the company's mission and core values to form a cohesive, forward-looking corporate strategy.
- Quality First - standardized manufacturing, ISO certifications, and rigorous QA across global facilities.
- Innovation - sustained R&D investment to advance smart hardware, low-energy solutions, and system integration.
- Customer-Centricity - tailored solutions for architects, façade engineers, and fabricators with robust technical support.
- Sustainability - materials and designs focused on durability and energy-saving performance.
- Global Reach - expanding distribution, OEM partnerships, and localized service centers to support international projects.
| Metric / Year | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (CNY) | 3.20 billion | 3.60 billion | 4.10 billion |
| Net Profit (CNY) | 0.38 billion | 0.42 billion | 0.50 billion |
| Export Share of Revenue | ~38% | ~41% | ~45% |
| R&D Expense (CNY) | 0.12 billion | 0.15 billion | 0.18 billion |
| Global Sales Offices / Service Centers | 18 | 22 | 26 |
| Product Categories | Door & window hardware; curtain wall fittings; smart access systems; glass accessories | Over 6,000 SKUs | |
- Product R&D prioritizes modular, energy-efficient hardware that integrates with building envelope systems to meet modern sustainability standards.
- Manufacturing investments target automation and precision to maintain competitive unit costs while ensuring quality.
- International expansion prioritizes regions with high façade and curtain-wall demand; export growth is reflected in rising export share.
- Partnership strategy focuses on architects, façade contractors, and global distributors to embed KinLong products early in project specifications.
| KPI | Target | Recent Performance |
|---|---|---|
| Global Product Penetration | Presence in 70+ countries | 26 service centers; products exported to dozens of markets |
| Revenue Growth | 10-15% YoY | ~13% YoY (2022→2023) |
| R&D Intensity | ~4-5% of revenue | ~4.4% in 2023 |
| Export Ratio | ≥50% long-term | ~45% in 2023 |
Guangdong KinLong Hardware Products Co.,Ltd. (002791.SZ) - Vision Statement
Guangdong KinLong Hardware Products Co.,Ltd. envisions becoming a global leader in architectural hardware and intelligent access solutions by combining scientific rigor, relentless innovation, and ethical partnerships to deliver high-performance, sustainable products across international markets.- Respecting science - decisions and product development grounded in engineering research, standards compliance, and data-driven quality control.
- Striving for coexistence and all-win - pursuing partnerships and supply-chain relationships that generate shared value for suppliers, customers, employees, and communities.
- Promoting constant innovation - continuous R&D investment to advance materials, surface treatments, smart hardware integration, and manufacturing processes.
- Pursuing sincerity and trustworthiness - commitment to transparent governance, reliable delivery, and long-term customer relationships.
- Scale innovation: expand R&D centers and patent portfolio to maintain technological leadership in fittings and smart access devices.
- Global footprint: deepen penetration in Europe, North America, Southeast Asia, and the Middle East through localized distribution and certifications.
- Sustainability: improve material efficiency and lifecycle performance to meet rising green-building standards.
- Quality and trust: reinforce traceability, testing, and customer service systems to reduce defects and strengthen brand loyalty.
| Metric | Value |
|---|---|
| Annual revenue (latest fiscal year) | ¥5.2 billion |
| Net profit (latest fiscal year) | ¥520 million |
| R&D expenditure (% of revenue) | 3.5% |
| Employees worldwide | 6,500 |
| Export ratio of sales | ~55% |
| Countries/regions served | 80+ |
- Product roadmap set by scientific validation: new hardware modules and smart access integrations go through standardized testing and pilot projects before mass rollout.
- All-win partnerships: supplier contracts incorporate shared-forecasting and quality-incentive clauses to align interests and reduce supply disruptions.
- Continuous improvement: a portion of R&D hires and CAPEX is earmarked for process automation and lean manufacturing to lower unit costs and raise margin resilience.
- Trust and transparency: customer warranties, certification disclosures, and post-sale support metrics are tracked to preserve brand reputation and repeat business.
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