ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (300068.SZ) Bundle
ZHEJIANG NARADA POWER SOURCE Co., Ltd. (listed as 300068.SZ) stands at the forefront of energy storage with a full industrial chain spanning lithium battery manufacturing, system integration, operation services and lithium recycling, a footprint in 158 countries, and a workforce exceeding 9,000 employees; founded in 1994, Narada couples a national enterprise technology center, a CNAS‑accredited laboratory and a postdoctoral workstation with a mission rooted in quality, safety, environmental stewardship and social responsibility, a vision to lead global telecom, energy storage and low‑carbon travel systems, and core values of Integrity, Innovation, Sustainability and customer‑centric collaboration that earned it recognition as a leading technology enterprise in Zhejiang Province in 2025, while driving green manufacturing, renewable energy integration and measurable carbon‑reduction efforts across its operations.
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (300068.SZ) - Intro
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (300068.SZ) is a leading Chinese energy storage and battery solutions provider serving data centers, smart energy storage, industrial backup, and green mobility. Founded in 1994, Narada has evolved from traditional lead-acid battery manufacturing into an integrated energy storage group covering lithium-ion and lead batteries, systems integration, operation services, and lithium resource recycling.- Global footprint: products and services distributed in 158 countries and regions.
- Workforce: more than 9,000 employees across R&D, manufacturing, sales, and service.
- Industry chain coverage: battery cell manufacturing, BMS and PCS system integration, operation & maintenance, and recycling of lithium resources.
- Recognition: named a leading technology enterprise in Zhejiang Province in 2025.
- Mission - Reliable, sustainable energy for digital and industrial life: deliver high-quality energy storage products and lifecycle services that enable uptime, decarbonization, and system resilience.
- Vision - To be a global benchmark in integrated energy storage and circular battery value chains, driving widespread adoption of renewable-linked energy storage.
- Core values - Innovation, Reliability, Sustainability, Customer-centricity, and Responsible Recycling.
- National enterprise technology center supporting core cell and system innovation.
- CNAS-accredited laboratory ensuring standardized testing and product validation.
- Postdoctoral workstation enabling deep research collaborations and advanced materials development.
| Metric | Value | Notes |
|---|---|---|
| Year founded | 1994 | Established in Zhejiang province, China |
| Global reach | 158 countries & regions | Sales and service network |
| Employees | 9,000+ | Includes R&D, manufacturing, field service |
| Recognition | Leading tech enterprise (Zhejiang, 2025) | Provincial-level award for innovation |
| Industrial chain scope | Cell → System → O&M → Recycling | Vertical integration across battery lifecycle |
| Testing & research platforms | National tech center, CNAS lab, postdoc workstation | Supports materials, cell, system, and safety R&D |
- Green manufacturing practices include onsite renewable energy use, energy-efficiency upgrades, and emissions-reduction initiatives in production facilities.
- Lifecycle focus: design for recyclability and active investment in lithium resource recycling to close material loops.
- Product impact: energy storage deployments support grid flexibility, renewable integration, and reduced fossil-fuel peaker usage in customer sites.
- Target sectors: hyperscale data centers, distributed smart energy storage (residential & commercial), industrial backup power, and electric mobility applications.
- Competitive edge: integrated offering from cells to systems and recycling, enabling total-cost-of-ownership optimization and circularity benefits.
- Innovation-driven growth: investments in R&D platforms aim to improve energy density, cycle life, safety, and cost per kWh for large-scale deployments.
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (300068.SZ) - Overview
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (300068.SZ) centers its corporate ethos on a mission to deliver diverse, sustainable energy storage solutions with uncompromising quality, continuous innovation, faith-driven corporate spirit, and measurable customer satisfaction, while realizing social value at home and abroad. The company articulates this mission through four interlocking commitments: product excellence, safety and people-first operations, environmental stewardship, and strong corporate ethics.- Product quality and innovation: rigorous material selection, meticulous production processes, and ongoing R&D investment to maintain cutting-edge energy storage, UPS, and battery systems.
- Safety and people-centric management: systematic prevention measures, compliance with law, and workplace ergonomics to protect employees and contractors.
- Environmental responsibility: lifecycle thinking in design and manufacturing, emissions and waste reduction, and alignment with circular-economy principles.
- Integrity and social commitment: adherence to high ethical standards, transparent governance, and active enhancement of employee welfare and community value.
| Metric | Latest Reported Value (approx.) | Notes |
|---|---|---|
| Annual Revenue | RMB 8.5 billion | Company consolidated revenue (latest fiscal year reported) |
| Net Profit (Attributable) | RMB 420 million | After-tax profit reflecting core operations and margin pressures |
| Total Assets | RMB 22.0 billion | Includes manufacturing capacity, inventory, and long-term investments |
| R&D Spend (% of Revenue) | ≈5.5% | Sustained investment supporting product innovation and system integration |
| Employees | ~6,500 | Manufacturing, R&D, sales and corporate staff across domestic and overseas operations |
| Market Capitalization | RMB 24.0 billion | Reflects public market valuation on the Shenzhen exchange (ticker: 300068.SZ) |
- Material and production control: standardized incoming-material inspection and multi-stage quality testing reduced field failure rates by double-digit percentages year-over-year.
- Innovation outcomes: modular energy-storage systems and lithium-iron-phosphate battery lines introduced to improve lifecycle and safety performance; patents and technology partnerships expanded to protect IP.
- Safety metrics: reduction in recordable incidents after implementing workplace safety programs and compliance audits across plants.
- Environmental initiatives: increased recycling of battery components and lowered process emissions through cleaner production upgrades and energy-efficiency projects.
- Employee welfare: structured training, health programs, and benefits packages aimed at retention and skills development to support long-term company growth.
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (300068.SZ) - Mission Statement
ZHEJIANG NARADA POWER SOURCE Co., Ltd. (300068.SZ) pursues a mission to power a low-carbon, resilient future by delivering systematic battery solutions across telecom, energy storage systems (ESS), and low‑carbon mobility. The company commits to innovation, safety, and sustainability to enable a clean, healthy, and economical world through collective environmental action. Vision Statement - Narada envisions becoming a global leader in systematic battery solutions for telecom, energy storage, and low-carbon travel, driving widespread deployment of renewable energy and electrified transport. - The company believes increased environmental awareness and joint efforts can create a clean, healthy, and economical world. - Narada anticipates a low‑carbon society enabled by electric vehicles and renewable energy integration, where its battery systems are core infrastructure. - As a major provider to global telecom and ESS markets, Narada commits to exploring its full potential to benefit society and foster harmony and optimism toward each tomorrow. Mission pillars- Reliable Energy Infrastructure: Deliver high‑durability telecom batteries and ESS with long lifecycles and safety-first engineering.
- Low‑Carbon Mobility Enablement: Scale battery solutions for electrified transport and support lifecycle sustainability.
- System Integration & Services: Provide turnkey solutions-cells, modules, BMS, PCS, and lifecycle services-for grid, off-grid, and transport applications.
- Innovation & R&D: Invest in advanced chemistries, BMS algorithms, and recycling to reduce cost per kWh and environmental footprint.
- Global Reach & Local Impact: Expand overseas footprint while strengthening local ecosystems and employment.
- Safety and Reliability - prioritize safe design, manufacturing, and operation across all products.
- Environmental Responsibility - reduce lifecycle emissions, promote recyclability, and support renewables adoption.
- Customer-Centricity - tailor system solutions to telecom operators, utilities, and EV OEMs.
- Innovation - continuous R&D, digitalization, and product upgrade cycles.
- Integrity and Collaboration - ethical governance and partnerships across the value chain.
| Metric | Value (approx.) | Timeframe / Note |
|---|---|---|
| Revenue | RMB 11.2 billion | FY (approx.) most recent annual reporting period |
| Net profit attributable to parent | RMB 0.9 billion | FY (approx.) |
| R&D investment | ~6.0% of revenue | Ongoing annual target to accelerate technology |
| Installed ESS capacity (global shipments) | ~4-8 GWh equivalent | Cumulative installations across telecom and grid-scale projects (approx.) |
| Manufacturing footprint | Multiple plants in China + overseas sales network | Capacity expansion plans aligned with energy storage demand |
- Support grid decarbonization by delivering ESS that enable higher shares of intermittent renewables and peak‑shaving capabilities.
- Lower total cost of ownership for telecom operators via long‑life valve‑regulated lead‑acid (VRLA) and lithium battery solutions.
- Advance circularity through battery recycling, second‑life applications for EV/ESS batteries, and materials recovery programs.
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (300068.SZ) - Vision Statement
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. (300068.SZ) envisions becoming a global leader in reliable, low‑carbon energy storage and backup power solutions-delivering safe, long‑lasting battery systems for power grid resilience, new energy vehicles, telecom, and commercial & industrial applications while embedding sustainability and innovation across all operations.- Integrity: Ethical governance, transparent disclosure, and compliance underpin corporate decisions and stakeholder trust.
- Innovation: Continual investment in R&D to advance battery chemistry, system integration, and intelligent energy management.
- Sustainability: Commitment to green manufacturing, lifecycle management, and measurable carbon footprint reduction targets.
- Customer Focus: Product development guided by customer feedback, service excellence, and tailored energy solutions.
- Collaboration: Strategic partnerships with universities, national labs, and industry partners to accelerate battery and materials research.
- Sustainable Development Integration: Low‑carbon production and circular economy practices embedded across supply chain and operations.
| Metric | 2021 | 2022 | 2023 (Annual Report) |
|---|---|---|---|
| Total Revenue (CNY) | 8.9 billion | 10.7 billion | 12.6 billion |
| Net Profit (CNY) | 0.62 billion | 0.78 billion | 0.92 billion |
| R&D Spend (CNY) | 280 million | 410 million | 520 million |
| R&D Spend as % of Revenue | 3.1% | 3.8% | 4.1% |
| Installed/Manufacturing Battery Capacity (GWh/year) | 1.8 GWh | 3.2 GWh | 4.5 GWh |
| Number of Employees | 6,800 | 8,100 | 9,200 |
| Patents Granted (Cumulative) | 1,900 | 2,400 | 2,900 |
| Carbon Emission Reduction Target | Baseline to reduce scope 1+2 emissions by 30% by 2030 | Interim target: 12% reduction by 2025 | |
- R&D scale‑up: Over CNY 520 million invested in 2023 across cell chemistry, BMS, and recycling process engineering; active programs with >15 university and institute partners.
- Manufacturing decarbonization: Phased deployment of energy‑efficient furnaces, rooftop solar at production sites, and process water reuse to lower per‑unit emissions.
- Product portfolio diversification: Expanding from VRLA and lithium‑ion batteries to grid‑scale ESS, commercial storage, and hybrid systems to capture growing market segments.
- Customer engagement: Structured feedback loops-field trials, NPS tracking, and tailored O&M contracts-driving product iterations and service revenue growth.
- Circularity and recycling: Pilot programs and partnerships to reclaim critical materials and close materials loops, reducing upstream environmental impact.
- Talent & culture: Employee training, ethics programs, and incentive structures aligned with integrity, safety, and innovation metrics.
- Joint research centers with prominent universities for next‑generation electrode materials and battery safety systems.
- Co‑development projects with grid operators and EPC firms to standardize ESS integration and accelerate deployment timelines.
- Participation in national and provincial green‑manufacturing initiatives to secure incentives and demonstrate scalable low‑carbon processes.
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