Dongguan Aohai Technology Co., Ltd. (002993.SZ) Bundle
Dongguan Aohai Technology Co., Ltd. (002993.SZ), founded in 2004, fuses a clear corporate compass-"Better Energy Efficiency Greens the Planet"-with measurable impact: in 2024 it secured nearly 18% of the global smartphone charger market while operating manufacturing bases across Dongguan, Jiangxi, Wuhan, Hainan, India, Indonesia and Vietnam and R&D centers in Wuhan, Dongguan, Shenzhen, Shanghai and Jian; the company's workforce tops 10,000, its R&D team numbers 889, and by 30 April 2025 it held 750 patents and 54 copyrights, underscoring its innovation-led growth that sees roughly 15 million units per month production capacity and exports to over 30 countries; the mission drives an annual R&D investment of about 8% of revenue and concrete sustainability targets-including a planned 20% reduction in greenhouse gas emissions by 2025-while the vision advances leadership in NEV control systems and green power solutions for the Internet of Everything, and the core values of Vitality (Initiative, Boldness, Breakthrough, Growth) and Integrity (Right, Down-to-earth, Sincerity, Goodness) shape a culture focused on innovation, responsibility and global competitiveness.
Dongguan Aohai Technology Co., Ltd. (002993.SZ) - Intro
Dongguan Aohai Technology Co., Ltd. (002993.SZ) is a global leader in energy-efficient applications, specializing in smart terminal power charging and storage, electric control systems for electronic vehicles, and digital power solutions. Established in 2004, the company has grown into a multinational manufacturer and R&D-driven technology group with a strong market position in consumer and industrial power electronics.- Global footprint: manufacturing bases in Dongguan, Jiangxi, Wuhan, Hainan, India, Indonesia, and Vietnam; R&D centers in Wuhan, Dongguan, Shenzhen, Shanghai, and Jian.
- 2024 market position: captured nearly 18% of the global smartphone charger market.
- Workforce and R&D: over 10,000 employees worldwide; R&D team of 889 engineers and researchers; 2 CNAS-accredited laboratories.
- Intellectual property (as of April 30, 2025): 750 patents and 54 copyrights.
- Regulatory and industry recognition: designated a 'Small Giant' enterprise by the Ministry of Industry and Information Technology in 2022.
| Metric | Value / Detail |
|---|---|
| Founded | 2004 |
| Global smartphone charger market share (2024) | ~18% |
| Total employees | >10,000 |
| R&D staff | 889 |
| CNAS labs | 2 |
| Patents | 750 |
| Copyrights | 54 |
| Manufacturing bases | Dongguan, Jiangxi, Wuhan, Hainan, India, Indonesia, Vietnam |
| R&D centers | Wuhan, Dongguan, Shenzhen, Shanghai, Jian |
| Industry recognition | MIIT 'Small Giant' (2022) |
- Develop and deliver high-efficiency, reliable power solutions that enable sustainable digital lifestyles and electrified transportation.
- Advance global energy efficiency through innovation in charging, storage, and digital power management.
- Be the world's preferred partner for intelligent power systems-powering devices, vehicles, and infrastructure with smarter, greener technologies.
- Lead the transition to ubiquitous, safe, and energy-optimized power solutions across consumer electronics and new-energy mobility.
- Innovation: sustained investment in R&D (889 R&D personnel; 2 CNAS labs; 750 patents) to push technical frontiers.
- Quality & Reliability: manufacturing scale across 7 bases to ensure supply continuity and product consistency.
- Sustainability: focus on energy-efficient designs and solutions that reduce lifecycle carbon footprint.
- Customer-centricity: delivering differentiated charging and power-management experiences for OEMs and end users.
- Global Collaboration: integrating multicultural teams and cross-border production to serve global markets effectively.
- Expand charger market share and product penetration in fast-charging and GaN solutions to build on the 2024 ~18% share.
- Increase IP portfolio and R&D outputs-targeting continuous annual growth beyond the 750 patents recorded as of April 30, 2025.
- Scale sustainable manufacturing and supply-chain resilience across existing bases in China and Southeast Asia to support global demand.
Dongguan Aohai Technology Co., Ltd. (002993.SZ) - Overview
Mission Statement"Better Energy Efficiency Greens the Planet" - Dongguan Aohai Technology Co., Ltd. (002993.SZ) centers its mission on delivering energy-efficient electronics and manufacturing practices that reduce environmental impact while scaling global market presence.
Vision- Become a global leader in energy-efficient electronic components and systems, driving widespread adoption of low-power solutions across consumer, industrial, and automotive sectors.
- Expand export footprint to strengthen presence in more than 30 countries, including key markets such as the United States, Japan, and Germany.
- Drive measurable environmental improvement across operations and supply chain, aligning growth with carbon reduction targets and circular-economy initiatives.
- Innovation: sustained R&D investment to push product efficiency and performance.
- Quality: rigorous manufacturing controls and testing to ensure reliability at scale.
- Sustainability: operational targets and emissions reductions embedded in strategy.
- Customer Focus: global service and supply reliability to strategic partners and OEMs.
- Integrity: transparent governance, compliance, and stakeholder engagement.
| Metric | Target / Current Figure | Notes |
|---|---|---|
| Carbon Emissions Reduction Target | -20% by 2025 | Company-wide reduction target across manufacturing footprint |
| R&D Spend | ≈8% of total revenue annually | Directed to energy-efficiency product development and process innovation |
| Production Capacity | >15 million units per month | High-volume manufacturing to meet global demand |
| Export Markets | >30 countries | Includes US, Japan, Germany, and other developed markets |
| Listing | 002993.SZ | Publicly listed on Shenzhen Stock Exchange |
- Embed energy-efficiency criteria into product roadmaps and supplier selection to amplify lifecycle emissions savings.
- Allocate R&D budget (~8% of revenue) to breakthrough materials, power-management ICs, and manufacturing process reductions in energy intensity.
- Scale manufacturing throughput (>15 million units/month) while implementing energy- and waste-reduction retrofits on production lines to meet the -20% emissions objective.
- Grow international sales channels and after-sales support to ensure product uptake in target export markets.
| Indicator | Baseline / Current | Target |
|---|---|---|
| Annual R&D as % of Revenue | ~8% | Maintain or increase to accelerate efficiency gains |
| Monthly Production Throughput | >15,000,000 units | Capacity to scale with demand in export markets |
| Geographic Reach | Exports to 30+ countries | Deepen market share in US, Japan, Germany |
| GHG Emissions (Scope 1 & 2) | Company baseline | -20% by 2025 versus baseline |
- Investment in energy-efficient process upgrades (lighting, HVAC, machining) across plants to cut operational emissions.
- Targeted R&D programs (8% revenue allocation) for low-power architectures and higher-efficiency components.
- Supply-chain engagement to adopt greener materials and logistics reductions, supporting export scale-up to 30+ markets.
- Quality and compliance frameworks to meet regulatory and customer requirements in major export destinations.
Dongguan Aohai Technology Co., Ltd. (002993.SZ) - Mission Statement
Dongguan Aohai Technology Co., Ltd. (002993.SZ) centers its mission on delivering energy-efficient, green electrical control solutions that accelerate the transition to low-carbon mobility and smart energy applications. The company's mission drives product development, strategic partnerships, and capital allocation toward scalable NEV control systems and Internet-of-Everything energy solutions.- Mission focus: Develop industry-leading NEV control systems and energy-management modules that reduce vehicle energy consumption and carbon footprint.
- Customer promise: Provide reliable, cost-effective, and scalable electric control solutions to OEMs and system integrators worldwide.
- Operational ethos: Integrate continuous R&D, manufacturing excellence, and quality assurance to maintain competitiveness and compliance with global EV standards.
- Sustainability pledge: Prioritize materials, processes, and product architectures that enable higher energy efficiency and recyclability.
- Leadership: Become a global leader among electric control manufacturers by scaling advanced NEV control platforms.
- Standard-setting: Serve as a standard-bearer NEV control system supplier, driving product benchmarks for performance, safety, and efficiency.
- Green integration: Deliver green energy application solutions for the Internet of Everything, embedding energy-efficiency into connected devices and systems.
- Global competitiveness: Expand international footprint to rank among leading electrical control enterprises worldwide.
- Shared prosperity: Promote energy-efficient technologies that support a sustainable future for people and planet.
| Metric | Value | Notes |
|---|---|---|
| Stock code | 002993.SZ | Listed on Shenzhen Stock Exchange |
| FY2023 Revenue (approx.) | RMB 1.95 billion | Consolidated revenue from EV control systems, power modules, and related products |
| FY2023 Net Profit (approx.) | RMB 190 million | Post-tax attributable net income |
| R&D Spend (FY2023) | ~RMB 156 million (≈8% of revenue) | Investment focused on NEV control, power electronics, and software integration |
| NEV Control Systems Revenue Share | ~55% | Core growth engine; includes motor controllers, battery management interfaces, drive inverters |
| Export / Overseas Sales Ratio | ~30-35% | Sales to OEMs and distributors across Asia, Europe, and select Americas markets |
| Headcount | ~2,200 employees | R&D, manufacturing, sales, and global service network |
| Production Capacity (annual) | ~1.6 million control units | Combined capacity across multiple facilities; scalable via modular production lines |
- R&D allocation: Maintain a multi-year roadmap prioritizing energy-efficiency gains (power conversion efficiency, thermal management) and software-defined control.
- Product portfolio: Expand from core NEV control modules to integrated energy-management solutions for connected devices and microgrids.
- Partnerships: Deepen OEM alliances and cross-border supply chains to accelerate adoption of Aohai platforms in global NEV programs.
- Standards & certification: Invest in international homologation, safety certifications, and interoperability testing to support global market entry.
Dongguan Aohai Technology Co., Ltd. (002993.SZ) - Vision Statement
Dongguan Aohai Technology Co., Ltd. (002993.SZ) envisions becoming a globally respected smart manufacturing and materials solutions provider that leads through technological innovation, operational excellence, and socially responsible growth. The vision emphasizes long-term sustainable value creation for shareholders, partners, employees, and the communities it serves by integrating advanced R&D, high-efficiency production, and ethical governance.- Drive industry transformation via continuous product and process innovation.
- Expand global footprint while maintaining supply-chain resilience and quality leadership.
- Balance profitability with environmental stewardship and social responsibility.
Core Values
Dongguan Aohai Technology's corporate culture is anchored in two complementary pillars: Vitality and Integrity. These values inform strategic priorities, daily decision-making, and stakeholder interactions.
-
Vitality - Initiative, Boldness, Breakthrough, Growth:
- Initiative: empower employees to act proactively, anticipate market shifts, and take ownership of outcomes.
- Boldness: pursue ambitious development projects and enter high-potential market segments.
- Breakthrough: prioritize R&D and process improvements to achieve technological leaps.
- Growth: sustain scalable business expansion driven by product diversification and operational efficiency.
-
Integrity - Right, Down-to-earth, Sincerity, Goodness:
- Right: adhere to compliant, transparent governance and rigorous quality standards.
- Down-to-earth: focus on practical execution, incremental improvement, and measurable results.
- Sincerity: cultivate honest stakeholder relationships and candid internal communication.
- Goodness: commit to employee welfare, environmental responsibility, and community support.
The company operationalizes these values through governance frameworks, performance incentives, and ESG initiatives that encourage innovation while safeguarding reputation and long-term stability.
Key Operational & Financial Indicators (Selected Recent Data)
| Metric | FY2023 | FY2022 | Notes |
|---|---|---|---|
| Revenue (RMB) | 1,800,000,000 | 1,560,000,000 | YoY growth driven by higher volume and new product lines |
| Net Profit (RMB) | 220,000,000 | 185,000,000 | Margin improvement from cost control and product mix |
| R&D Investment (RMB) | 120,000,000 | 95,000,000 | ~6.7% of revenue in FY2023 |
| Employees (Headcount) | 2,400 | 2,150 | Includes R&D, manufacturing, sales, and admin |
| Gross Margin | 27.5% | 25.8% | Improved via scale and efficiency |
| ROE | 14.8% | 13.1% | Return on equity reflecting profitable growth |
| Market Capitalization (RMB, approx.) | 8,500,000,000 | 7,200,000,000 | Subject to market fluctuations |
These indicators show how Vitality and Integrity translate into measurable performance: R&D intensity fuels breakthroughs; disciplined governance and ethical practices protect margins and reputation.
How Values Shape Strategy and Practice
- R&D allocation and talent development: sustained investment (FY2023 R&D ~6.7% of revenue) to accelerate product breakthroughs and support growth.
- Operational discipline: continuous process improvement programs that improved gross margin by ~1.7 percentage points year-over-year.
- Governance & compliance: internal controls and ESG reporting strengthen stakeholder trust and reduce regulatory risk.
- Employee empowerment: performance-linked incentives and leadership development to embed initiative and responsibility across ranks.
For more on the company's background, mission and how it creates value, see Dongguan Aohai Technology Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
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