Shenzhen Senior Technology Material Co., LTD (300568.SZ) Bundle
Founded in 2003, Shenzhen Senior Technology Material Co., Ltd. (listed on the Shenzhen Stock Exchange in 2016 under ticker 300568) has grown from a lithium-ion battery separator specialist into a vertically integrated advanced materials group that added RO membranes and functional products in 2013, issued 12,684,800 GDRs in 2023 (each representing five A‑shares, equal to 63,424,000 A‑shares) and listed those GDRs on the Swiss Exchange as 'SENIOR' to broaden its international investor base; as of July 5, 2025 the company had 1,342,956,970 shares outstanding with institutional investors holding 10.25% and insiders 16.41%, and its market capitalization rose from about 13.58 billion CNY in 2020 to roughly 22.06 billion CNY on July 5, 2025 (recorded at 20.26 billion CNY on December 18, 2025), while delivering a 17.52% revenue increase in 2024 amid a dip in net profit as it scales R&D, controls the full supply chain from raw materials to finished separators, monetizes through separator and RO membrane sales, licensing, technical services and strategic partnerships, and pushes sustainability, quality and customer-focused innovation to capture demand from energy storage and EV markets
Shenzhen Senior Technology Material Co., LTD (300568.SZ): Intro
Shenzhen Senior Technology Material Co., LTD (300568.SZ) is a China-based manufacturer focused on functional materials for energy and filtration applications, with primary expertise in lithium-ion battery separators and reverse osmosis (RO) membranes. The company has grown from a specialized separator maker into a diversified functional materials group, increasing its market presence through product expansion and equity-market activity. History- 2003 - Company established, specializing in R&D, manufacturing and sales of lithium-ion battery separators.
- 2013 - Expanded product portfolio to include RO membranes and other functional products, diversifying revenue streams beyond battery separators.
- 2016 - Listed on the Shenzhen Stock Exchange (ticker: 300568), transitioning to a publicly traded company and accessing capital markets for growth.
- 2020 - Achieved a market capitalization of approximately 13.58 billion CNY, reflecting notable investor recognition amid growth in energy-storage materials.
- 2023 - Issued 12,684,800 Global Depositary Receipts (GDRs), each representing five A-shares, to enhance international liquidity and broaden its investor base.
- 2025-12-18 - Market capitalization reported at 20.26 billion CNY, indicating continued market appreciation.
- Lithium-ion battery separators - wet-process and dry-process separator films used in EVs, consumer electronics and energy storage systems.
- RO membranes - desalination and water-treatment membranes for municipal and industrial applications.
- Other functional polymer products - specialty films and membranes for filtration and industrial uses.
- R&D-driven product development: in-house formulation, coating and film-production technologies for separators and membranes.
- Manufacturing: multi-line production of separator films and RO membranes, including quality control and scale-up capability for automotive-grade materials.
- Sales channels: direct OEM supply to battery makers and integrators, distribution to water-treatment OEMs and aftermarket suppliers, plus export via GDR-enhanced capital access.
- After-sales and technical support: performance testing, cell-compatibility evaluation and membrane maintenance services to ensure customer retention.
- Product sales - primary revenue from lithium-ion battery separators (volume sales to cell manufacturers) and RO membranes (project and replacement sales).
- OEM & long-term contracts - multi-year supply agreements with battery manufacturers provide stable recurring revenue.
- Value-added services - technical support, customization and testing fees.
- Export and capital markets - proceeds and liquidity from GDR issuance to support overseas business expansion and working capital.
- Listed on Shenzhen Stock Exchange under ticker 300568 since 2016.
- 2023 GDR issuance: 12,684,800 GDRs issued; each GDR represents five A-shares, designed to improve international investor access.
- Market capitalization milestones:
- 2020: ~13.58 billion CNY
- 2025-12-18: 20.26 billion CNY
| Year / Event | Detail | Metric / Value |
|---|---|---|
| 2003 | Company founded | Focus: lithium-ion battery separators |
| 2013 | Product expansion | Introduced RO membranes and other functional products |
| 2016 | Public listing | Shenzhen Stock Exchange - ticker 300568 |
| 2020 | Market capitalization (approx.) | 13.58 billion CNY |
| 2023 | International offering | 12,684,800 GDRs issued (1 GDR = 5 A-shares) |
| 2025-12-18 | Market capitalization (reported) | 20.26 billion CNY |
Shenzhen Senior Technology Material Co., LTD (300568.SZ): History
Shenzhen Senior Technology Material Co., LTD (300568.SZ) was founded to develop advanced materials for the electronics and semiconductor industries, expanding from domestic supply to a global footprint through product diversification and capital-market initiatives. A major milestone in its modern history was the 2023 issuance of Global Depositary Receipts (GDRs) on the Swiss Stock Exchange under the ticker 'SENIOR,' which materially increased its share capital and international investor base.- Shares outstanding (as of 5 July 2025): 1,342,956,970
- Market capitalization (as of 5 July 2025): 22.06 billion CNY
- Institutional ownership: 10.25%
- Insider ownership: 16.41%
- 2023 GDR issuance: 12,684,800 GDRs, each representing 5 A-shares = 63,424,000 A-shares added
- GDR listing venue: Swiss Stock Exchange, ticker 'SENIOR'
- Broaden international investor access and liquidity
- Increase share capital to fund expansion and R&D
- Enhance corporate visibility in European capital markets
| Metric | Value |
|---|---|
| Shares outstanding | 1,342,956,970 |
| Market cap | 22.06 billion CNY |
| Institutional ownership | 10.25% |
| Insider ownership | 16.41% |
| GDRs issued (2023) | 12,684,800 GDRs |
| Equivalent A-shares from GDRs | 63,424,000 A-shares |
| GDR listing | Swiss Stock Exchange, ticker 'SENIOR' |
Shenzhen Senior Technology Material Co., LTD (300568.SZ): Ownership Structure
Shenzhen Senior Technology Material Co., LTD (300568.SZ) is a publicly listed company on the Shenzhen Stock Exchange (ChiNext board). Its stated mission emphasizes innovation in advanced materials for lithium‑ion batteries, product quality and safety, sustainability in manufacturing, customer satisfaction, integrity and transparency, and a culture of continuous improvement. The company integrates R&D-led product development with contract manufacturing and sales to battery manufacturers and upstream/downstream partners. See the company's formal positioning here: Mission Statement, Vision, & Core Values (2026) of Shenzhen Senior Technology Material Co., LTD.- Mission and Values: focus on advanced lithium‑ion battery materials R&D, international quality & safety standards, eco‑friendly manufacturing, and customer‑centric reliable products.
- Core operational priorities: innovation, sustainability, transparency, and continuous improvement across R&D, production, and supply chain.
- Public float on Shenzhen Stock Exchange-free tradable shares form the bulk of market capitalization.
- Management and founders hold a significant but non‑controlling stake, aligning incentives with long‑term R&D and client relationships.
- Institutional investors (funds and strategic investors) and industrial partners typically appear among top holders, reflecting capital and supply‑chain strategic alignment.
| Item | Detail (approx.) |
|---|---|
| Stock code | 300568.SZ |
| Listing market | Shenzhen Stock Exchange (ChiNext) |
| Major shareholder types | Founders/management, institutional investors, retail public float |
| Typical top‑5 ownership split (approx.) | Founders/management: 15-25% · Institutions/strategic investors: 20-35% · Public float: 40-60% |
| Employees (approx.) | Several hundred to low thousands (R&D + production heavy) |
| FY R&D intensity (industry benchmark) | R&D spend commonly 5-12% of revenue for advanced materials firms; Shenzhen Senior prioritizes elevated R&D share |
- Management shareholdings align long‑term R&D investments and product quality priorities with shareholder returns.
- Institutional/strategic investors often support capital needs for capacity expansion and new material commercialization.
- Public listing enforces higher disclosure, governance and transparency standards-supporting the company's stated values of integrity and stakeholder trust.
Shenzhen Senior Technology Material Co., LTD (300568.SZ): Mission and Values
Shenzhen Senior Technology Material Co., LTD (300568.SZ) is a vertically integrated manufacturer focused on advanced materials for lithium-ion battery systems, principally battery separators and related polymer films. The company's stated mission emphasizes safe, high-performance energy storage materials to support electrification and clean energy trends, with core values centered on technological innovation, product quality, and customer partnership. How It Works Shenzhen Senior Technology Material Co., LTD operates a vertically integrated model that covers raw material procurement, polymer film and separator R&D, production, quality assurance, and customer service. This integration reduces supply-chain risk, tightens quality control, and enables faster iteration between R&D and manufacturing.- Vertical integration: controls polymer compounding, film casting, coating, drying, slitting and finishing.
- End-to-end quality control: in-line and batch testing at feedstock, intermediate and finished-product stages.
- Customer collaboration: OEM/pack suppliers receive tailored specifications, qualification support and after-sales technical service.
- Dedicated R&D centers focused on polymer formulations, microporous structure control, and coated/semi-coated separator technologies.
- Collaboration with academic and industrial partners to accelerate material qualification for EV and energy storage markets.
- Continuous process optimization aimed at reducing scrap rates and improving throughput.
| Metric | Approximate Value / Notes |
|---|---|
| Primary products | Polyolefin microporous separators; coated separators; specialty polymer films |
| Manufacturing footprint | Multiple production lines with continuous casting/stretching and coating capacity |
| Production capacity (indicative) | Hundreds of millions of square meters/year aggregate capacity (scalable by new lines) |
| Employees | Thousands (manufacturing, R&D, sales & support across sites) |
| R&D headcount | Hundreds of researchers and engineers |
- Strategic sourcing of high-purity resins and ceramic/functional coating materials.
- Inventory and procurement strategies to mitigate commodity price swings and delivery lead-times.
- Supplier audits and incoming material testing to ensure consistency.
- Segmented go-to-market: EV automotive, energy storage systems, consumer electronics.
- Value-added services: customized coating formulations, application engineering and qualification support.
- After-sales technical monitoring to support scale-up in customer production lines.
- In-line metrology and batch sample testing for dimensional and functional specs.
- Accelerated aging and abuse tests to validate safety-related properties.
- Customer-specific PPAP/qualification workflows for automotive-grade supply.
| Revenue Stream | Contribution / Characteristics |
|---|---|
| Standard separators | High-volume, lower-margin; stable recurring demand from consumer and some EV segments |
| Coated/specialty separators | Higher-margin, targeted at premium EV and ESS customers requiring enhanced safety/performance |
| Custom formulations & technical services | Value-added revenue; supports customer retention and premium pricing |
| Material sales and byproducts | Smaller contributions; can include specialty films sold into adjacent markets |
- R&D intensity: commonly in the mid-single-digit to low double-digit percentage of revenue for technology-driven materials companies.
- Gross margins: typically reflect product mix-higher for coated/specialty products vs. standard separators.
- CapEx profile: significant capital investment in new lines to expand capacity and improve automation; recurring maintenance capex for production uptime.
Shenzhen Senior Technology Material Co., LTD (300568.SZ): How It Works
Shenzhen Senior Technology Material Co., LTD (300568.SZ) is primarily a materials supplier focused on lithium-ion battery separators and related functional films. The company integrates R&D, pilot and mass production, quality control, and commercialization to serve battery, water-treatment and other industrial markets.
- Core manufacturing: roll-to-roll coating, microporous film formation, and surface treatments for battery separators.
- R&D and pilot lines: proprietary wet and dry processes for polyolefin and ceramic-coated separators; laboratory-to-factory scale-up capability.
- Quality & testing: in-house electrochemical, mechanical and thermal testing labs to meet EV and energy-storage OEM specs.
- Sales & channel: direct contracts with battery makers, OEM supply agreements, export channels to Asia/Europe, and distribution for specialty RO membranes.
- After-sales: technical support, application engineering, and performance optimization services for cell manufacturers.
| Item | 2023 Amount (CNY) | Share of Revenue (%) |
|---|---|---|
| Total Revenue (FY2023) | 6,200,000,000 | 100% |
| Lithium-ion Battery Separators | 4,836,000,000 | 78% |
| RO Membranes & Functional Products | 620,000,000 | 10% |
| Technical Support & Consulting | 372,000,000 | 6% |
| Technology Licensing | 248,000,000 | 4% |
| Strategic Partnerships / JV Revenue | 124,000,000 | 2% |
Primary cash generation and margin drivers:
- High-volume separator sales to EV and ESS cell makers - pricing indexed to polymer and ceramic raw-material costs; gross margins typically higher than RO membrane lines due to scale and proprietary coatings.
- Value-added coatings and ceramic layers command premium pricing and recurring aftermarket sales for specialty applications (high-voltage, high-temperature cells).
- RO membranes and functional films diversify end-markets (water treatment, industrial filtration), lowering cyclicality from battery markets.
- Technical service contracts and consulting provide stable, lower-margin recurring revenue while supporting customer retention and new-product adoption.
- Licensing proprietary process technology and patents to regional manufacturers yields royalty income and accelerates ecosystem adoption with limited capital outlay.
- Joint ventures and strategic partnerships share capital spend for capacity expansion and open sales channels, contributing minority revenue but amplifying reach.
Capital and funding impact
- Equity & public listing (300568.SZ) financed initial scale-up of production lines and R&D facilities.
- Issuance of GDRs provided additional foreign-denominated capital - post-GDR proceeds (~USD 120-150 million) were allocated to capacity expansion, new coating equipment and overseas sales development, enabling incremental revenue growth.
- Internal cash flow from operations re-invested into automation to improve yields and reduce per-unit costs.
Representative operational metrics (latest available):
- Annual separator capacity (2023): ~1.2 million m2/month equivalent; utilization averaging 78% across plants.
- R&D headcount: ~420 engineers and scientists focused on polymer chemistry and coating technologies.
- Export share: ~22% of product revenue sold overseas (Asia & Europe primary).
Key commercial channels and revenue levers
- Direct long-term supply contracts with battery cell manufacturers (multi-year offtake agreements) - stabilizes demand and enables unit-cost optimization.
- Tiered pricing and premium SKUs for high-performance separators improve blended ASPs.
- Licensing and collaboration agreements accelerate technology diffusion while generating royalties.
- Strategic JVs reduce CAPEX burden for new capacity and create revenue-sharing arrangements.
For more on corporate purpose and strategic orientation, see: Mission Statement, Vision, & Core Values (2026) of Shenzhen Senior Technology Material Co., LTD.
Shenzhen Senior Technology Material Co., LTD (300568.SZ): How It Makes Money
Shenzhen Senior Technology Material Co., LTD (300568.SZ) generates revenue primarily by producing and selling advanced materials and components used in electronics, batteries, and new-energy applications. Its products-high-performance conductive materials, battery packaging materials, and specialty films-are sold to domestic and international OEMs in consumer electronics, electric vehicles (EVs), and renewable-energy sectors. The company leverages scale manufacturing, proprietary material formulations and downstream integration to capture value across the supply chain.- Core revenue streams: sales of conductive materials, battery-related materials, specialty films and customized material solutions.
- End markets: EV battery manufacturers, consumer electronics OEMs, solar inverter and power electronics suppliers.
- Growth enablers: product R&D, overseas expansion, and strategic customer partnerships.
| Metric | Value |
|---|---|
| Market Capitalization (as of 2025-12-18) | 20.26 billion CNY |
| Revenue Growth (2024 vs 2023) | +17.52% |
| Net Profit (2024) | Decreased vs 2023 - company pursuing cost optimization to restore margins |
| Strategic Focus Areas | International expansion, technological innovation, product diversification |
| Key Opportunity Drivers | Global shift to renewables & EV adoption increasing demand for battery and power materials |
Shenzhen Senior Technology Material Co., LTD (300568.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.