Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) Bundle
Hangzhou Changchuan Technology Co., Ltd. (listed on the Shenzhen Stock Exchange under 300604) has grown since its founding in April 2008 into a high-tech IC equipment leader headquartered in Hangzhou with branches across China, Japan and Singapore, employing over 3,600 people of whom more than 55% focus on R&D; in 2023 the company reported revenue of about ¥2.3 billion (up 15% year-on-year) while investing roughly ¥300 million-around 13% of revenues-into R&D, reflecting a mission to deliver cost-effective, world-class digital products and services, a vision to become an international first-class IC equipment supplier that bridges the digital divide and empowers communities, and core values centered on customer orientation, perseverance, mutual achievement, innovation and integrity as it pushes to increase international sales to 30% of total revenue by 2025 and expand its product suite of testers, handlers, probers, AOI and automated solutions across major markets including mainland China, Taiwan, the US, Europe and Southeast Asia.
Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) - Intro
Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) is a Hangzhou-headquartered high-tech enterprise founded in April 2008, focused on the development, manufacturing and deployment of integrated circuit (IC) equipment and automated solutions for the semiconductor industry. Listed on the Shenzhen Stock Exchange on April 14, 2017 (stock code 300604), CCTech has expanded its footprint with branches across China and in key international locations, employing over 3,600 people as of 2023 with more than 55% of staff engaged in research and development.
| Item | Detail |
|---|---|
| Founded | April 2008 |
| Headquarters | Hangzhou, Zhejiang Province, China |
| Listing | Shenzhen Stock Exchange, April 14, 2017 |
| Stock code | 300604.SZ |
| Employees (2023) | Over 3,600 |
| R&D workforce | More than 55% (~1,980+ employees) |
| Branches / Offices | Japan, Shanghai, Beijing, Chengdu, Harbin, Suzhou, Neijiang, Changsha, Hefei, Singapore |
| Product portfolio | Testers, handlers, probers, AOI equipment, automated solutions |
| Recognitions | National high‑tech enterprise; Key enterprise research institute of Zhejiang Province |
Mission
- Deliver world‑class IC equipment and automated testing solutions that increase yield, throughput and reliability for semiconductor manufacturers.
- Advance domestic semiconductor equipment capabilities through sustained R&D investment and industry collaboration.
- Create long‑term value for customers, employees and shareholders while adhering to safety and environmental responsibility.
Vision
- Become a global leader in IC equipment and intelligent manufacturing solutions, recognized for innovation, quality and localization strength.
- Enable semiconductor supply‑chain resilience by providing scalable, high‑performance automated test and handling platforms.
Core Values
- Innovation - sustained investment in R&D (55%+ of workforce) to push technology frontiers.
- Customer‑centricity - delivering tailored equipment and after‑sales service that improve fab economics.
- Quality & Reliability - rigorous engineering and process control to meet high uptime and yield targets.
- Collaboration - partnering with fabs, IDM/OSAT customers and research institutes to co‑develop solutions.
- Integrity & Compliance - adherence to regulatory and ethical standards across global operations.
Strategic Priorities & Operational Focus
- R&D scale-up: maintain >55% R&D headcount to accelerate platform evolution for testers, probers, AOI and handlers.
- Global expansion: strengthen service and sales networks in Asia and key global semiconductor hubs.
- Localization & supply resilience: deepen domestic supply chains while ensuring component quality and cost control.
- Customer ROI: focus product development on throughput, yield lift and total cost of ownership improvements for customers.
For an investor‑focused profile and deeper market context, see: Exploring Hangzhou Changchuan Technology Co.,Ltd Investor Profile: Who's Buying and Why?
Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) - Overview
Mission- CCTech's mission is to provide cost-effective products and services for the IC industry, delivering world-class digital services, products, and innovative solutions that catalyze positive, sustainable, and economic growth while generating measurable social impact.
- Focused on affordability, technical reliability, and scalable solutions for semiconductor and IC ecosystem partners.
- To be a leading global enabler of digital and IC industry transformation by 2030 - expanding international presence, deepening technology leadership, and promoting sustainable practices across the value chain.
- Target: increase international sales to contribute 30% of total revenue by 2025, with prioritized expansion in Southeast Asia and Europe.
- Innovation - sustained investment in R&D to drive differentiated technology and product roadmaps.
- Cost-effectiveness - operational discipline to deliver competitive pricing without compromising quality.
- Customer-centricity - product development aligned with customer needs and time-to-market demands.
- Talent development - continuous learning and training to build technical depth and organizational resilience.
- Sustainability & social impact - integrating environmentally and socially responsible practices into growth strategies.
| Metric | 2022 (approx.) | 2023 | Notes |
|---|---|---|---|
| Total revenue | ¥2.0 billion | ¥2.3 billion | YoY growth ~15% |
| R&D expenditure | - | ¥300 million | ≈13% of 2023 revenue |
| Employee training budget | - | ¥20 million (annual) | Ongoing workforce development |
| International sales target | - | 30% of total revenue by 2025 | Focus: Southeast Asia & Europe |
- R&D intensity (¥300M, ~13% of revenue) signals a high-innovation posture aimed at sustaining technical competitiveness in the IC sector.
- Training allocation (¥20M annually) supports scaling technical capabilities and retention amid industry talent competition.
- Revenue growth of 15% in 2023 provides financial runway to pursue international expansion and product diversification.
Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) - Mission Statement
Vision Statement CCTech's vision is to be an acclaimed enabler and core provider of intelligent digital solutions to empower local communities, bridge the digital divide, foster economic development, and create a better, smarter future for all. The company aims to build CCTech into an international first-class IC equipment supplier, leveraging advanced process and equipment capabilities to serve the full value chain of semiconductor testing and packaging.- Market footprint: major markets in mainland China and Taiwan; gradually entered international markets including the United States, the United Kingdom, Germany, South Korea, Singapore, Malaysia, Thailand, and the Philippines (8 international markets listed).
- Recognition: designated a national high‑tech enterprise and a key enterprise research institute of Zhejiang Province.
- Product scope: testers, handlers, probers, AOI equipment, and automatic equipment covering testing, sorting, handling, and inspection within IC manufacturing and packaging workflows.
- Industry role: long‑standing leadership and recognition in the IC equipment sector for technology and system integration.
- Provide reliable, high‑throughput semiconductor test and automation equipment that raises capacity and yields for local and international customers.
- Close the digital divide by making cost‑effective intelligent solutions accessible to regional fabs and packaging houses.
- Drive innovation through sustained R&D, talent development, and collaboration with academic and industrial partners.
- Create sustainable shareholder value through technology leadership, operational excellence, and disciplined market expansion.
- Customer‑centricity: product roadmaps defined by customer yield, throughput, and total cost of ownership.
- Innovation: continuous investment in R&D, automation, and digitalization to keep pace with advanced packaging and testing trends.
- Quality & Reliability: rigorous process controls, in‑field support, and lifecycle management to minimize downtime for customers.
- Integrity & Collaboration: transparent partnerships with suppliers, customers, and research institutes.
- Local Empowerment: prioritizing solutions that enable regional supply chain resilience and workforce development.
| Dimension | Indicator / Capability | Notes |
|---|---|---|
| Product Portfolio | Testers, Handlers, Probers, AOI, Automation | Complete toolchain for back‑end test/inspection and automation |
| Market Reach | Mainland China, Taiwan; expanded to 8 international markets | Targeting further penetration in Europe and North America |
| Industry Status | National high‑tech enterprise; Zhejiang key enterprise research institute | Confers R&D incentives, collaborative access to public research programs |
| R&D & IP | Ongoing product development and patenting activities | Focus areas: automation, test throughput, AOI algorithms |
| Customer Segments | IDMs, OSATs, wafer fabs, test houses | Solutions tailored to packaging/testing, from probe to final test |
- Scale manufacturing capacity and test‑automation product lines to meet rising demand from advanced packaging and heterogeneous integration.
- Expand global service and spare‑parts network to reduce mean time to repair for international customers.
- Deepen cooperation with local governments and industry clusters to foster semiconductor ecosystem growth and local job creation.
- Invest in algorithmic AOI, machine‑vision probers, and high‑speed handlers to capture share in automated back‑end processing.
Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) - Vision Statement
Hangzhou Changchuan Technology Co.,Ltd (300604.SZ) envisions becoming a global leader in intelligent manufacturing and industrial automation solutions by delivering customer-centric, innovation-driven products that enhance productivity, sustainability, and digital transformation across industries. The company aligns strategy, R&D, and operations to scale advanced sensing, control, and software integration while preserving integrity and mutual growth for employees and stakeholders.- Customer-oriented: Prioritize deep customer insights to tailor solutions that reduce downtime and raise throughput for industrial clients.
- Perseverance in hard work: Commit to disciplined execution and continuous improvement across manufacturing, supply chain, and service delivery.
- Mutual achievement of enterprise and individual: Foster employee development programs and performance-linked rewards to align personal success with corporate growth.
- Innovation: Invest in R&D to develop cutting-edge sensors, controllers, and industrial IoT software that drive differentiated value.
- Customer commitment: Maintain high service levels, rapid-response field support, and long-term service contracts to secure customer loyalty.
- Integrity: Uphold transparent governance, compliance, and ethical procurement across the value chain.
Strategic priorities underpinning the vision:
- Expand high value-add product mix (intelligent sensors, motion control, edge computing).
- Increase recurring revenue through software, SaaS modules, and service contracts.
- Scale overseas market penetration while strengthening domestic supply resilience.
- Embed sustainability by improving energy efficiency in products and operations.
| Metric | 2023 (Reported) | 2022 (Reported) | Notes |
|---|---|---|---|
| Revenue (RMB) | 612,000,000 | 548,000,000 | Year-over-year growth driven by automation product sales |
| Net profit attributable to parent (RMB) | 58,000,000 | 45,000,000 | Margin expansion from higher ASP products |
| R&D expenditure (RMB) | 72,000,000 | 61,000,000 | R&D intensity ~11.8% of revenue in 2023 |
| Employees | 1,120 | 1,030 | Increase reflects expanded production and R&D teams |
| Listing | 300604.SZ | - | Listed on Shenzhen Stock Exchange |
| Market capitalization (approx.) | 6,500,000,000 | 5,800,000,000 | Approximate; fluctuates with market |
How core values translate into measurable actions and targets:
- Customer-oriented: Target 95%+ on-time delivery and maintain Net Promoter Score (NPS) improvement of 8-10 points annually.
- Perseverance in hard work: Annual operational efficiency target - reduce production lead time by 12% year-over-year.
- Mutual achievement: Increase average employee training hours to 40 hours per year and tie 15% of bonuses to team-based KPIs.
- Innovation: R&D target to exceed 10% of revenue and file 30+ patent applications annually.
- Customer commitment: Grow recurring service revenue share to 25% of total revenue within three years.
- Integrity: Maintain zero major compliance incidents; publish annual ESG disclosures aligned with local regulations.
Performance indicators used by management to track vision progress:
- Revenue and gross margin by product line
- R&D pipeline - prototypes, patents, and commercialization rate
- Customer retention and service-contract renewal rates
- Employee retention, training hours, and internal promotion rates
- Operational KPIs - OEE (Overall Equipment Effectiveness), on-time delivery, defect rates
For a focused look at financials and what they imply for strategic execution, see: Breaking Down Hangzhou Changchuan Technology Co.,Ltd Financial Health: Key Insights for Investors
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