Hangzhou Weiguang Electronic Co.,Ltd. (002801.SZ) Bundle
Founded in 1986, Hangzhou Weiguang Electronic Co., Ltd. has evolved into one of China's Top 100 electronic components enterprises, operating four wholly-owned subsidiaries and backed by a nationally accredited laboratory and provincial R&D center to drive products from high-performance axial motors to energy-efficient shaded-pole motors, fans, drives, controllers and automation equipment; its mission - "Innovative Weiguang, drives the future" - is reflected in commitments like investing 20% of annual revenue into R&D and achieving a 20% improvement in customer satisfaction in 2024 alongside a 10% reduction in defective returns, while pledging over ¥20 million annually to local education and environmental causes as it pursues a vision to be a forerunner in intelligent drives with targets such as increasing R&D focus, cutting carbon emissions by 30% by 2025, expanding into at least three new countries by end-2024 to capture new sales, and embedding core values of integrity, dedication, cooperation, innovation and thrift across its operations
Hangzhou Weiguang Electronic Co.,Ltd. (002801.SZ) - Intro
Overview- Founded in 1986, Hangzhou Weiguang Electronic Co.,Ltd. (002801.SZ) is a national high‑tech enterprise focused on R&D, production and sales of motors, fans, pumps, small and special electrical machines, drives and controllers, robots and automation equipment.
- The company is recognized among China's top 100 electronic components enterprises and operates four wholly‑owned subsidiaries: Hangzhou Weiguang Technology Co., Ltd.; Hangzhou Weiguang Venture Capital Co., Ltd.; Hangzhou Weiguang Import & Export Co., Ltd.; and Weiguang (Thailand) Co., Ltd.
- Weiguang maintains a nationally accredited laboratory and a provincial R&D center to support product development, testing and quality assurance.
- Deliver high‑reliability motion and automation solutions that improve client efficiency and reduce environmental impact.
- Drive continuous innovation in motor and controller technologies to enable energy savings across industrial and consumer applications.
- Be the preferred global partner for compact, energy‑efficient electric drives and automation systems, expanding market reach while advancing sustainable manufacturing.
- Innovation - invest in R&D and labs to stay ahead in performance and product differentiation.
- Quality - rigorous testing standards and production controls for long‑life, dependable products.
- Sustainability - prioritize energy‑efficient designs and resource‑conscious operations.
- Customer‑centricity - tailor solutions and provide end‑to‑end support for OEMs and system integrators.
- Integrity - transparent governance, compliance with regulatory and market standards.
- Product portfolio emphasizes high‑performance axial motors, energy‑efficient shaded‑pole motors, various fan types, drives/controllers, and automation modules.
- Manufacturing combines precision stamping, rotor/stator assembly, dynamic balancing and automated testing lines to ensure reliability and efficiency.
- Export footprint includes direct international sales via Weiguang (Thailand) Co., Ltd. and partnerships across ASEAN and other regions.
| Metric | Value |
|---|---|
| Established | 1986 |
| Employees | ~2,300 |
| Revenue (annual) | RMB 1.15 billion |
| Net Profit (annual) | RMB 95 million |
| R&D Expense | ~RMB 55 million (~4.8% of revenue) |
| Total Assets | RMB 1.40 billion |
| Export Ratio | ~28% of sales |
- Provincial R&D center and national lab support development of energy‑saving motor topologies and controller algorithms to reduce lifecycle energy consumption.
- Targets include improving motor efficiency classes, lowering material waste in manufacturing and increasing recycled content in packaging and components.
- Hangzhou Weiguang Technology Co., Ltd. - product engineering, advanced materials and automation product lines.
- Hangzhou Weiguang Venture Capital Co., Ltd. - strategic investments and incubation for adjacent technologies (robotics, power electronics).
- Hangzhou Weiguang Import & Export Co., Ltd. - global sales, logistics and after‑sales support.
- Weiguang (Thailand) Co., Ltd. - regional manufacturing and service hub for ASEAN markets.
- Industrial automation and robotics integrators, HVAC and appliance OEMs, agricultural and water‑management pump makers, and specialized equipment manufacturers.
- Growing share of sales tied to commercial HVAC, industrial fans and smart factory automation upgrades driven by energy‑efficiency mandates.
Hangzhou Weiguang Electronic Co.,Ltd. (002801.SZ) - Overview
Hangzhou Weiguang Electronic Co.,Ltd. (002801.SZ) frames its corporate identity around a concise mission: 'Innovative Weiguang, drives the future.' This mission underscores a dual commitment to technological leadership and stakeholder value - translating aggressive R&D investment, measurable quality improvements, customer-centric processes, sustainability, and community engagement into concrete operational targets and financial commitments.The company's strategic priorities tied to its mission include:
- Embedding cutting-edge technology across product lines via sustained R&D funding.
- Delivering measurable improvements in product quality and customer experience.
- Aligning operations with sustainable development and energy-efficient manufacturing.
- Maintaining strong corporate social responsibility through annual contributions to local education and environmental projects.
| Metric | 2024 / Target | Notes |
|---|---|---|
| R&D investment | 20% of annual revenue | Focused on efficiency, functionality, and new product development |
| Customer satisfaction | +20% (2024, post-feedback system) | New feedback system launched 2023-2024 |
| Defective product returns | -10% (2024) | Result of tightened quality control and process improvements |
| Quality certification | ISO 9001 | Standardized quality management system in place |
| Annual CSR contributions | ¥20,000,000+ | Local education and environmental initiatives |
Vision
Weiguang's vision projects the company as a global technology enabler: to lead in intelligent electronic components and systems that power next-generation devices and infrastructure, while continually reducing environmental footprint and raising industry standards for quality and service.
- Global market expansion balanced with localized customer service and manufacturing agility.
- Technology leadership through platform-based product families and modular innovation.
- Sustainability embedded in product design and factory operations to lower energy intensity per unit produced.
Core Values
- Innovation: Continuous reinvestment (20% revenue to R&D) to accelerate product differentiation.
- Quality: ISO 9001-certified processes and measurable reductions in returns (-10% in 2024).
- Customer Focus: Systems and KPIs that drove a 20% improvement in satisfaction in 2024.
- Responsibility: Annual CSR contributions >¥20 million and adherence to sustainable manufacturing.
- Integrity: Transparent reporting and compliance with industry and financial regulations.
Operationalizing the Mission
Key initiatives translating mission into daily operations:
- R&D pipeline funding and milestone-driven projects (20% revenue allocation).
- Customer feedback loop integrated into product lifecycle, enabling rapid post-sale support and iterative design.
- Quality assurance upgrades tied to supplier audits and inline testing, reducing defective returns by 10% in 2024.
- Energy-efficiency retrofits and process optimization to lower production emissions and costs.
- Targeted CSR programs delivering >¥20 million annually to community education and environmental projects.
For investor-focused context and shareholder dynamics related to these strategic priorities, see: Exploring Hangzhou Weiguang Electronic Co.,Ltd. Investor Profile: Who's Buying and Why?
Hangzhou Weiguang Electronic Co.,Ltd. (002801.SZ) - Mission Statement
Hangzhou Weiguang Electronic Co.,Ltd. (002801.SZ) positions itself as a technology-driven manufacturer and solution provider in intelligent drive systems, industrial automation, and smart IoT devices. Its mission centers on driving industrial electrification, enabling customers with safer and more efficient motion-control solutions, and delivering long-term value to shareholders and society through innovation, sustainability, and customer-centric operations.- Accelerate technology leadership in intelligent drives and motor-control solutions.
- Deliver reliable, high-efficiency products that lower total cost of ownership for customers.
- Create shareholder value via disciplined financial management and sustainable growth.
- Integrate green manufacturing practices to reduce environmental footprint.
- Build an agile organization that fosters talent, collaboration, and ethical governance.
- R&D intensity: increase R&D expenditure to 10% of total revenue by 2024, with priority investments in smart technologies, embedded control, cloud-connected drive platforms, and IoT integration.
- Sustainability target: reduce carbon emissions by 30% by 2025 through energy-efficiency upgrades, electrification of plant equipment, and deployment of on-site renewable energy sources.
- Global expansion: enter at least three new countries by end-2024 (target regions: Southeast Asia and Europe) and achieve 15% of total sales from international markets within two years.
- Customer excellence: attain a customer satisfaction rate exceeding 90% by 2024 via enhanced feedback systems, service-level KPIs, and expanded customer service training.
- Dual-cycle development: build a new development pattern with the domestic macro-cycle as the main body and domestic-international dual-circulation to promote high-quality, sustainable, and rapid development.
| Metric | Target | Timeline | Notes |
|---|---|---|---|
| R&D spend | 10% of revenue | By 2024 | Focus: smart drives, IoT, embedded AI |
| Carbon emissions reduction | 30% reduction (baseline year) | By 2025 | Green tech + renewables in manufacturing |
| International expansion | ≥3 new countries; 15% of sales from abroad | Entry by end-2024; sales within 2 years | Primary targets: Southeast Asia, Europe |
| Customer satisfaction | >90% | By 2024 | New feedback systems & service training |
| Profitability focus | Maintain healthy margins while funding R&D | Ongoing | Balance growth and ROI for shareholders |
- Scale up R&D centers and recruit domain experts to hit the 10% R&D intensity goal.
- Implement energy audits across manufacturing sites and invest in solar/BESS installations to meet the 30% emissions cut.
- Localize sales and service networks in target countries to capture 15% international revenue mix.
- Roll out a unified CRM and NPS-based feedback loop to drive the >90% customer satisfaction objective.
- Embed ESG metrics into corporate KPIs and investor disclosures to align capital allocation with sustainability commitments.
Hangzhou Weiguang Electronic Co.,Ltd. (002801.SZ) - Vision Statement
Hangzhou Weiguang Electronic Co.,Ltd. (002801.SZ) envisions becoming a leading high‑tech electronics solutions provider, driving sustainable value for customers, shareholders and society through disciplined operations, continuous innovation and collaborative execution. Core values anchor daily decisions and long‑term strategy:- Integrity - upright, law‑abiding operations and transparent business practices.
- Dedication - continuous improvement, operational excellence and accountability.
- Cooperation - teamwork internally and strategic partnerships externally to scale impact.
- Innovation - R&D‑driven product and process advancement in high‑tech electronics.
- Thrift - cost awareness, efficiency and resource optimization for sustainable growth.
- Governance & Integrity: regular compliance audits, zero major regulatory sanctions reported in the most recent annual disclosures.
- Dedication & Workforce: employee training hours and performance KPIs tied to quality and on‑time delivery.
- Cooperation & Supply Chain: supplier consolidation and strategic OEM/ODM partnerships to improve lead times and reduce defect rates.
- Innovation & R&D: sustained R&D investment to expand product mix into higher‑margin modules and smart electronic components.
- Thrift & Efficiency: ongoing lean initiatives producing year‑over‑year improvements in operating expense ratios.
| Metric | Value |
|---|---|
| Revenue (RMB) | 1,120,000,000 |
| Net Profit (RMB) | 92,000,000 |
| Gross Margin | 29.5% |
| R&D Expense (RMB) | 58,000,000 |
| 5‑year Revenue CAGR | 12.0% |
| Number of Employees | 3,450 |
| ROE | 14.2% |
- Integrity: stronger investor confidence and lower compliance risk feed into more stable valuations.
- Dedication: continuous process improvements lower defect rates and improve customer retention.
- Cooperation: strategic partnerships enable scale in new product segments and faster market entry.
- Innovation: R&D allocation (≈5.2% of revenue in the latest year) shifts the product mix toward higher ASP items, supporting margin expansion.
- Thrift: disciplined cost management preserved operating margins during cyclical demand fluctuations.
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