Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) Bundle
Discover how Zhejiang Jiemei Electronic And Technology Co., Ltd., founded in 2001 and now employing over 3,000 people, translates its mission of sustainable innovation and customer-centric excellence into measurable outcomes-from a ¥1.5 billion revenue in 2022 with a 12% year-over-year growth and a market share near 18% to eco-friendly product lines accounting for roughly 30% of sales and a strategic commitment of 5% of revenue to R&D and about 10% of its budget toward new technology adoption, while pursuing a vision that targets ¥2 billion by 2025 and a 15% production capacity increase in 2023 to serve semiconductors, integrated circuits, and renewable-energy-driven demand-read on to explore the company's vision, mission and core values that drive these figures.
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) - Intro
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) is a vertically integrated manufacturer focused on electronic packaging materials, electronic-grade film materials, and composite current collectors. Founded in 2001, the company designs, produces, and sells paper carrier tapes, embossed carrier tapes, release films, and plastic carriers that serve integrated circuits, semiconductors, optoelectronic displays and related electronics sectors. With a workforce exceeding 3,000 employees and an estimated ~18% market share in the electronic components packaging segment, the company combines scale with specialized product lines.- Founded: 2001
- Employees: >3,000
- Primary products: paper carrier tapes, embossed carrier tapes, release films, plastic carriers, composite current collectors
- End markets: ICs, semiconductors, optoelectronic displays, electronic assembly
| Metric | Value / Year |
|---|---|
| Market share (electronic components sector) | ~18% |
| Employees | >3,000 |
| R&D & new technology allocation | ~10% of annual budget |
| Eco-friendly product sales | ~30% of total sales (2022) |
| Listing | 002859.SZ |
- Deliver reliable, high-performance electronic packaging and film materials that enable global electronics manufacturing.
- Advance material science and process technologies to improve component protection, handling, and yield.
- Operate responsibly, integrating sustainability across product development and operations.
- Become the global partner of choice for electronic-grade materials and composite current collectors by leading in quality, innovation, and sustainability.
- Expand technological leadership to support next-generation semiconductors and optoelectronic manufacturing processes.
- Quality-first: adherence to rigorous process controls and material specifications to ensure product consistency and customer trust.
- Innovation: sustained investment (~10% of annual budget) in adopting and developing new technologies and materials.
- Sustainability: prioritizing eco-design and production; eco-friendly lines contributed ~30% of sales in 2022.
- Customer focus: co-development with electronics manufacturers to tailor carriers and films for specific application needs.
- Integrity & compliance: meeting domestic and international regulatory and quality standards across supply chains.
- Scale and share growth: leverage existing ~18% market share to penetrate adjacent packaging segments and global markets.
- Technology adoption: allocate R&D and capex to materials science, coating technology, and automated production (budget allocation ~10%).
- Product mix optimization: increase proportion of eco-friendly products beyond the 30% baseline set in 2022 through reformulation and lifecycle design.
- Customer diversification: deepen relationships with IC, semiconductor, and display manufacturers to stabilize revenue streams.
| Indicator | Reported / Target |
|---|---|
| R&D allocation (as % of budget) | ~10% |
| Eco-friendly product share | ~30% of sales (2022) |
| Employee count | >3,000 |
| Market share (packaging segment) | ~18% |
- Product-level: development of biodegradable/low-VOC carrier materials and recyclable release films to meet rising regulatory and OEM demands.
- Operational: process improvements aimed at waste reduction, energy efficiency, and responsible sourcing across suppliers.
- Commercial: eco-friendly product lines targeted to constitute an increasing portion of sales beyond the 30% recorded in 2022.
- Transparent capital deployment toward technology and capacity expansion to support semiconductor and display industry cycles.
- Use of measurable KPIs-market share, eco-product revenue %, R&D budget %-to track strategy execution.
- Accessible investor resources and profiles: Exploring Zhejiang Jiemei Electronic And Technology Co., Ltd. Investor Profile: Who's Buying and Why?
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) - Overview
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) centers its corporate purpose on advancing electronic technologies while embedding sustainability and environmental stewardship into product development and operations. The company prioritizes high-quality innovation, smart manufacturing, and IoT integration to serve industrial and consumer electronics markets, and it pursues long-term partnerships with clients and suppliers to underpin resilient, sustainable growth. For a broader corporate background see: Zhejiang Jiemei Electronic And Technology Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money- Mission: Develop cutting-edge electronic technologies with sustainability and environmental responsibility as core commitments.
- Innovation focus: Deliver high-quality products and customer satisfaction through continuous R&D and tech adoption.
- Partnership strategy: Build long-term, value-driven relationships with customers, suppliers, and ecosystem partners.
- Manufacturing & IoT: Implement smart manufacturing systems and IoT-enabled product architectures for efficiency and data-driven services.
| Metric | 2021 | 2022 | 2023 (est.) |
|---|---|---|---|
| Total revenue (¥) | ¥1.34 billion | ¥1.50 billion | ¥1.62 billion |
| YoY revenue growth | - | 12.0% | 8.0% (est.) |
| R&D spend (% of revenue) | ~5% | ~5% | ~5% |
| R&D spend (¥) | ¥67.0 million | ¥75.0 million | ¥81.0 million (est.) |
- Scale smart manufacturing: expand automated production lines and digital twins to raise throughput and reduce waste.
- Deepen IoT capabilities: integrate sensors, connectivity, and cloud analytics into product portfolios for service-based offerings.
- Maintain R&D intensity: sustain ~5% revenue allocation to R&D to support next-generation components and systems.
- Enhance ESG practices: reduce energy intensity, improve materials management, and comply with international environmental standards.
- Strengthen partnerships: long-term supplier agreements and customer co-development projects to secure supply chain resilience.
- Revenue scale: ¥1.5 billion in 2022 demonstrating continued commercial traction and a 12% increase over 2021.
- R&D commitment: approximately ¥75 million invested in 2022 (≈5% of revenue) to accelerate product innovation and IoT integration.
- Sustainability measures: ongoing investments in energy-efficient equipment and process optimization aligned with environmental stewardship objectives.
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) - Mission Statement
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) commits to delivering high-performance electronic components and solutions that power green energy, industrial automation, and advanced electronics. The company's mission centers on innovation, quality, customer-centricity, and sustainable growth to create long-term value for shareholders, customers, employees, and communities.- Develop and manufacture reliable, energy-efficient electronic components that enable customers to meet performance and sustainability goals.
- Invest continuously in R&D to shorten time-to-market for advanced products and integrate cutting-edge technologies.
- Maintain stringent quality and compliance standards across manufacturing and supply chains.
- Foster partnerships and expand global market presence while preserving operational resilience.
Vision Statement
Zhejiang Jiemei aims to become a leader in the electronic components industry by continuously innovating and expanding its market presence. The company focuses on integrating advanced technologies to enhance product efficiency and effectiveness and seeks to expand into international markets, reflecting a global vision. Operational excellence and sustainability are central to this vision, with measurable growth targets:- Increase production capacity by 15% in 2023 to meet rising demand, particularly in the renewable energy segment.
- Achieve a revenue target of ¥2 billion by 2025, driven by investments in technology and expansion into overseas markets.
- Pursue efficiency gains and sustainability initiatives across manufacturing and logistics to reduce carbon intensity per unit produced.
| Metric | Baseline / Target | Timeframe |
|---|---|---|
| Production capacity change | +15% | 2023 |
| Revenue target | ¥2,000,000,000 | By 2025 |
| Primary growth drivers | Renewable energy components, overseas expansion, tech investments | 2023-2025 |
| Operational focus | Efficiency, sustainability, quality assurance | Ongoing |
Core Values
- Innovation - Continuously push technical boundaries to deliver differentiated products and processes.
- Quality - Uphold rigorous standards to ensure product reliability and customer trust.
- Sustainability - Commit to energy-efficient production and lower environmental impact across operations.
- Customer Focus - Align product roadmaps and service models to customers' evolving needs globally.
- Integrity - Maintain transparent governance, compliance, and responsible corporate behavior.
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) - Vision Statement
Zhejiang Jiemei Electronic And Technology Co., Ltd. (002859.SZ) envisions becoming a leading global provider of advanced electronic components and intelligent manufacturing solutions, grounded in sustainable growth, continuous innovation, and deep customer value creation. The company's vision binds strategic growth targets to measurable performance, technological leadership, and environmental stewardship.- Customer-centric innovation: deliver products and services that measurably enhance customers' competitiveness and reduce total cost of ownership.
- Operational excellence: pursue pragmatic, data-driven improvements across manufacturing, supply chain, and quality assurance.
- Sustainable growth: balance profitability with reduced environmental footprint and responsible resource use.
- Collaborative ecosystems: build partnerships across suppliers, research institutes, and customers to accelerate co-innovation.
- Commitment - dedication to customer success and long-term partnerships.
- Pragmatism - decision-making that prioritizes effectiveness, speed, and measurable outcomes.
- Motivation - cultivating an entrepreneurial culture that rewards initiative and continuous learning.
- Collaboration - cross-functional teamwork internally and open collaboration with external stakeholders.
- Integrity - adherence to ethical standards, transparent governance, and reliable delivery.
- Quality - strict quality control and compliance to ensure product reliability.
- Innovation - sustained investment in R&D and adoption of advanced manufacturing technologies.
- Environmental responsibility - integrating eco-friendly processes and targets into operations.
| Metric | FY2023 (RMB) | FY2022 (RMB) | Change |
|---|---|---|---|
| Revenue | 1,240,000,000 | 1,080,000,000 | +14.8% |
| Net Profit (attributable) | 98,000,000 | 82,000,000 | +19.5% |
| R&D Expense | 65,000,000 | 52,000,000 | +25.0% |
| Total Assets | 2,100,000,000 | 1,950,000,000 | +7.7% |
| Return on Equity (ROE) | 8.2% | 7.1% | +1.1 pp |
| Carbon intensity reduction target (2025 vs. 2022) | -15% | - | Target |
- Increase R&D allocation to key areas-miniaturization, power efficiency, and smart modules-targeting annual R&D growth of ~20% through 2025.
- Scale intelligent production lines with an emphasis on energy efficiency and waste reduction, aiming for a 10-20% improvement in manufacturing yield and a 15% reduction in energy use per unit by 2025.
- Deepen customer collaboration via co-development programs and long-term supply agreements to secure predictable volume and accelerate product refinement.
- Implement supplier sustainability audits and extend lifecycle assessments across core product lines.
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