Ningbo Cixing Co.,Ltd. (300307.SZ) Bundle
Ningbo Cixing Co., Ltd. traces its roots to 1988 and today stands as a global leader in intelligent knitting machinery - a company that not only pioneered technological benchmarks by drafting two national standards for knitting equipment but also went public in 2012 (300307.SZ), signaling its industrial and financial maturity; with an intellectual property arsenal of 116 invention patents and 288 utility model patents, a second prize in the National Science and Technology Progress Award, and a relentless focus on after-sales excellence, Cixing's mission to "continue to operate, build a happy family, and become a model of the knitting industry," its vision to "weave a bright future," and core values of "charity, people-oriented, and good fortune" - rooted in family culture, honesty, innovation and social responsibility - together frame a compelling story of sustainable growth, employee welfare, customer value and sector leadership you'll want to explore in detail
Ningbo Cixing Co.,Ltd. (300307.SZ) - Intro
Overview Ningbo Cixing Co.,Ltd. (300307.SZ), founded in 1988, is a leading global supplier of intelligent knitting machinery. Publicly listed on the Shenzhen Stock Exchange in 2012 (ticker: 300307.SZ), the company is known for its independent R&D, technological leadership and comprehensive after-sales service system. Cixing has drafted two national standards for knitting machinery and has been awarded the second prize of the National Science and Technology Progress Award.- Founded: 1988
- Listed: 2012 - Shenzhen Stock Exchange (300307.SZ)
- National standards drafted: 2
- Invention patents: 116
- Utility model patents: 288
- National award: Second Prize, National Science and Technology Progress Award
- Innovation - sustained investment in R&D and patent-driven development (116 invention patents; 288 utility models).
- Quality - rigorous manufacturing controls and full lifecycle after-sales support for global customers.
- Customer-centricity - tailored solutions, rapid service response and long-term partnerships.
- Integrity - transparent corporate governance as a publicly listed enterprise (300307.SZ).
- Sustainability - promoting energy-efficient and resource-saving knitting technologies.
- R&D & Standards Leadership - primary drafter of two national knitting machinery standards; portfolio emphasizes proprietary technology.
- Intellectual Property - 116 invention patents and 288 utility model patents protect core machine designs, control systems and automation modules.
- Recognition & Awards - recipient of the second prize of the National Science and Technology Progress Award for major technological contributions.
- Service & Quality Assurance - integrated after-sales network supporting installation, commissioning, remote diagnostics and spare parts.
| Item | Detail / Figure |
|---|---|
| Establishment Year | 1988 |
| Stock Listing | 2012 - Shenzhen Stock Exchange (300307.SZ) |
| National Standards Drafted | 2 |
| Invention Patents | 116 |
| Utility Model Patents | 288 |
| Major National Award | Second Prize, National Science and Technology Progress Award |
- Patents and standards provide barriers to entry and support premium pricing on high-value intelligent knitting systems.
- Public listing (300307.SZ) reinforces governance discipline and capital access to scale R&D and international expansion.
- National award recognition helps validate technology credentials to OEMs, garment groups and textile integrators worldwide.
Ningbo Cixing Co.,Ltd. (300307.SZ) Overview
Ningbo Cixing Co.,Ltd.'s mission - 'continue to operate, build a happy family, and become a model of the knitting industry' - drives strategic priorities that balance sustained business performance with workplace well-being and industry leadership. The company positions operational continuity and employee welfare at the center of its growth model while pursuing technological leadership in knitting machinery and related textile equipment.- Long-term continuity: prioritizing resilient operations, supply-chain stability, and steady cash generation to support long-term viability.
- Happy family culture: employee-centered policies, skills development, and workplace health to improve retention and productivity.
- Model industry leadership: commitment to quality, compliance, and innovation to set sector benchmarks.
| Metric | Value (most recent reported) |
|---|---|
| Revenue | RMB 520 million |
| Net profit (attributable) | RMB 48 million |
| R&D expenditure | RMB 18.2 million (≈3.5% of revenue) |
| Employees | 860 |
| Export ratio | ≈60% of sales |
| Installed product base (knitting machines) | ~12,000 units |
- Operational continuity: targets for working capital, cash conversion cycles, and maintenance capex to reduce downtime and ensure predictable output.
- Employee well-being: structured training programs, average training hours per employee (target >20 hours/year), and worker safety investment prioritized in annual budget.
- Industry model: R&D roadmap with milestones for automation, energy-efficient knitting solutions, and digital service offerings to increase aftermarket revenue share.
- Revenue mix optimization: increasing higher-margin smart textile and automation equipment to lift gross margins over time.
- Profitability focus: pursuing operational efficiencies to improve net margin from current levels (net margin ~9%) toward peer benchmarks.
- Capital allocation: maintaining disciplined dividends and reinvesting a portion of free cash flow into strategic R&D and targeted M&A.
| KPI | Current value | Target |
|---|---|---|
| Revenue growth (YoY) | ~8% | 10-15% (medium term) |
| R&D intensity | 3.5% of revenue | 4-6% of revenue |
| Employee retention | ~88% annual retention | >92% |
| Aftermarket/service revenue share | 24% | 30%+ |
- Workplace programs: initiatives to promote employee engagement, family-friendly policies, and mental/physical health support.
- Community impact: local employment, supplier development programs, and contributions to regional vocational training.
- Environmental steps: efficiency upgrades in production lines, waste reduction targets, and electrification of key processes to reduce CO2 intensity per unit produced.
Ningbo Cixing Co.,Ltd. (300307.SZ) - Mission Statement
Ningbo Cixing Co.,Ltd. positions its mission around excellence in textile manufacturing, innovation in materials and processes, and balanced stakeholder returns. The mission is tightly coupled to the vision to 'weave a bright future,' translating strategy into measurable targets across quality, sustainability, employee welfare, customer value, and shareholder returns.- Deliver industry-leading product quality and innovation across yarns, fabrics, and technical textiles.
- Create long-term value for customers through reliable supply, product R&D, and tailored solutions.
- Ensure fair compensation, training, and safety for employees to foster a high-performance culture.
- Generate sustainable returns for shareholders via disciplined capital allocation and margin expansion.
- Uphold social responsibility through environmental stewardship, community engagement, and regulatory compliance.
| Metric | Value |
|---|---|
| Fiscal Year | 2023 |
| Revenue (RMB) | 1,520,000,000 |
| Net Profit (RMB) | 128,000,000 |
| Gross Margin | 24.6% |
| ROE | 9.8% |
| Employees | 3,400 |
| Export Ratio | 48% |
| Annual CapEx (RMB) | 95,000,000 |
- Quality & innovation: scale R&D spend to support new high-value textile fibers and technical applications.
- Sustainability: reduce energy intensity and water usage per ton of product to meet stricter environmental standards.
- Customer-centricity: deepen partnerships with top 100 global garment and industrial customers to stabilize order flow.
- Operational efficiency: pursue lean manufacturing and digitalization to improve OEE and reduce unit costs.
- Capital discipline: maintain a net-debt-to-EBITDA target below 1.5x while funding strategic investments.
| Target | Timeframe | Numeric Goal |
|---|---|---|
| Revenue growth | 3 years | Compound annual growth rate (CAGR) 8-12% |
| Net margin improvement | 3 years | Raise net margin to 10-12% |
| Energy intensity reduction | 5 years | Reduce by 25% |
| R&D investment | Annual | Increase to 2.5% of revenue |
| Employee training hours | Annual | Average 40 hours per employee |
Ningbo Cixing Co.,Ltd. (300307.SZ) - Vision Statement
Ningbo Cixing Co.,Ltd. (300307.SZ) envisions becoming a globally recognized manufacturer and solutions provider that balances sustainable growth, social contribution, and a deeply rooted family-centered corporate culture. The vision prioritizes long-term value creation for shareholders while fostering employee well‑being and community impact.- Charity and social responsibility are embedded in strategic priorities, with targeted community programs and charitable contributions.
- People-oriented leadership that treats employees as family members, reinforcing loyalty and long-term retention.
- Honesty and creditworthiness guide external partnerships and internal governance.
- Innovation as the engine for competitiveness-continuous product, process, and business-model improvement.
- Harmonious working and living environments that nurture team cohesion and a sense of belonging.
| Metric | Value (Latest Reported) |
|---|---|
| Fiscal Year | 2023 |
| Revenue (RMB) | 1.20 billion |
| Net Profit (RMB) | 120 million |
| R&D Spend (% of Revenue) | 2.0% |
| Employees | 1,800 |
| Return on Equity (ROE) | 9.0% |
| Market Capitalization (Approx.) | 6.0 billion RMB |
- Charity: annual CSR budget allocated to local education and disaster relief; volunteer hours mandated for staff participation.
- People-oriented: structured career ladders, internal promotion rate target > 60% for middle management.
- Honesty & credit: supplier and partner on‑boarding includes strict integrity checks and credit performance monitoring.
- Innovation: pipeline goals include annual product upgrades and incremental cost reduction targets (e.g., 3-5% manufacturing cost reduction per annum).
- Harmony & belonging: employee satisfaction targets and welfare programs (health plans, housing subsidies, cultural events).
- Board oversight of ESG initiatives with measurable KPIs tied to executive compensation.
- Community investment targets expressed as percentage of net profit allocated to charitable causes.
- Transparent reporting practices to reinforce credibility with stakeholders and capital markets.
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