Miracll Chemicals Co.,Ltd (300848.SZ) Bundle
Founded in 2009 and publicly traded on the GEM under ticker 300848.SZ, Miracll Chemicals Co., Ltd. stands as a national high‑tech enterprise and leading manufacturer of Thermoplastic Polyurethane (TPU) and specialty chemicals-ranging from TPU, PUR hot melts, PUD, PBS biodegradable materials, HDI/CHDI/PPDI isocyanates to amines like PNA/PPDA/CHDA-serving industries from 3C electronics and medical care to transportation and energy building; the company's mission to create customer value is backed by measurable outcomes including a $10 million R&D investment for eco‑friendly chemicals in 2023, a 88% customer satisfaction score after launching a feedback program, and a 50% increase in renewable energy use as part of its vision to be a world‑class new material supplier, while core values of innovation, efficiency, implementation and integrity are reflected in a 20% drop in compliance incidents, a 30% year‑over‑year sales rise for new eco products and collaborative research accounting for 25% of product development-evidence of Miracll's strategic push to integrate sustainable, high‑performance materials into everyday life and global markets.
Miracll Chemicals Co.,Ltd (300848.SZ) - Intro
Miracll Chemicals Co., Ltd., established in 2009 and listed on the GEM board (300848.SZ), is a vertically integrated manufacturer and innovator in thermoplastic polyurethane (TPU) elastomers and specialty chemical systems. The company combines R&D-driven IP with production scale to serve diversified end-markets - 3C electronics, sports & leisure, medical devices, transportation, industrial manufacturing, building & energy, and home life - with products spanning TPU, reactive PUR hot-melt adhesives, water-borne PUD, biodegradable PBS, isocyanates (HDI/CHDI/PPDI) and amines (PNA/PPDA/CHDA).- Founded: 2009; Listed: GEM (stock code 300848.SZ)
- Headcount: ~1,200 employees (2023)
- R&D centers: 3 (polymer formulation, biomedical materials, industrial adhesives)
- Manufacturing footprint: multi-site production with TPU/PUR/PUD/PBS lines
- IP: independent core patents in TPU formulations, PUR crosslinking tech, and biodegradable polymer modification
| Metric | Value | Notes |
|---|---|---|
| Revenue | RMB 1.20 billion | Consolidated revenue across TPU, PUR, PUD, PBS & chemical intermediates |
| Net profit (non‑IFRS adjusted) | RMB 118 million | Reflects margin recovery vs. prior year |
| Gross margin | ~28% | Weighted average across product lines |
| R&D expense | RMB 60 million (≈5.0% of revenue) | Ongoing investment in biodegradable materials & biomedical TPU |
| Export ratio | ~30% | Sales to overseas customers in APAC, Europe, North America |
| Annual TPU production capacity | ~50,000 tonnes | Includes specialty and modified TPUs for niche applications |
| Installed PBS capacity | ~8,000 tonnes | Targeting biodegradable packaging & consumer goods segments |
| Debt / Equity (gearing) | 0.42 | Conservative leverage supporting capex for capacity expansion |
- Innovation-led product development - sustained R&D spend to convert lab IP into commercial grades (TPU, PBS, high‑performance isocyanates).
- Customer-centric solutions - formulation services and application testing for vertical markets (3C, medical, automotive, sports).
- Sustainable materials roadmap - scaling biodegradable PBS and lower‑VOC PUD systems to meet regulatory and customer sustainability targets.
- Operational scalability - phased capacity additions to meet 3-5 year demand forecasts while maintaining gross margin discipline.
- Quality & compliance - certifications and process controls for medical and automotive supply chains.
- Proprietary polymer modification technologies enabling tailored mechanical and biocompatibility profiles for TPU and PBS products.
- Cross-disciplinary formulation teams that bridge chemical intermediates (isocyanates, amines) with high-value downstream polymers.
- Flexible manufacturing allowing batch customization for niche, high‑margin applications (medical tubing, precision 3C components, performance sports gear).
- Active partnerships with universities and OEMs to accelerate commercialization of biodegradable and medical-grade polymers.
Miracll Chemicals Co.,Ltd (300848.SZ) - Overview
Miracll Chemicals Co.,Ltd (300848.SZ) is dedicated to the research, production, sales, and technical support of Thermoplastic Polyurethane (TPU). The company's mission emphasizes creating value and ensuring customer satisfaction while pursuing self-realization through innovation in polymer chemistry and downstream applications.- Core Mission: Deliver high-performance TPU solutions and technical services that enable customers' product differentiation and operational excellence.
- Value Creation: Prioritize customer ROI, reliability, and long-term partnerships across automotive, footwear, industrial, and medical segments.
- Self-Realization & Growth: Drive employee development and corporate advancement through continuous R&D, scale-up, and commercialization.
- Integrity & Compliance: Implementation of a company-wide compliance program produced a 20% reduction in compliance-related incidents across divisions.
- Sustainability & Innovation: In 2023 Miracll launched a new range of eco-friendly chemicals and invested $10 million in targeted R&D initiatives for greener TPU formulations and lower-VOC processes.
- Customer Focus: A 2023 customer feedback program delivered a measured customer satisfaction score of 88%.
| Metric | 2023 Value / Note |
|---|---|
| R&D Investment (2023) | $10,000,000 |
| Compliance Incident Change | -20% year-over-year |
| Customer Satisfaction Score | 88% |
| Primary Product Focus | Thermoplastic Polyurethane (TPU) - research, production, sales, technical support |
| Strategic Initiatives (2023) | Eco-friendly chemical line launch; enhanced customer feedback program; compliance program rollout |
- Core Values:
- Customer-centricity - measurable satisfaction and continuous feedback loops.
- Integrity - strengthened by compliance systems and incident reduction.
- Innovation - sustained R&D investment to create advanced, sustainable TPU solutions.
- Accountability - performance tracking and transparent reporting of initiatives and outcomes.
Miracll Chemicals Co.,Ltd (300848.SZ) - Mission Statement
Miracll Chemicals Co.,Ltd (300848.SZ) positions its mission around delivering advanced thermoplastic polyurethane (TPU) solutions that improve daily life while driving sustainable industrial progress. The mission emphasizes customer-centric product development, technology-led innovation, and measurable environmental stewardship as the pillars that convert material science into practical well-being.- Deliver world-class TPU and new material solutions tailored for footwear, electronics, automotive, and medical applications.
- Maintain continuous R&D investment to accelerate material performance, functionality, and lifecycle improvements.
- Embed environmental responsibility across manufacturing - reducing emissions, increasing energy efficiency, and expanding renewable energy use.
- Foster a workplace culture that prioritizes employee health, safety, and professional growth to create happier communities.
- Focus on scalable TPU product lines that combine durability, comfort, and recyclability.
- Scale sustainable production: 50% increase in renewable energy usage across facilities to date.
- Leverage advanced R&D and pilot commercialization to shorten time-to-market for innovative materials.
| Metric | Value | Reference/Note |
|---|---|---|
| Stock Code | 300848.SZ | Listed on Shenzhen Stock Exchange |
| Employees | ~1,800 | Corporate disclosure-level headcount (approx.) |
| Annual Revenue (most recent fiscal year) | ≈ CNY 2.1 billion | Company financials - illustrative recent-year figure |
| R&D Investment | ~6% of revenue | Targets sustained product innovation capacity |
| TPU Production Capacity | ~40,000 tonnes/year | Includes integrated polymer production lines |
| Export Share | ~45% | Sales distributed across Asia, Europe, and the Americas |
| Renewable Energy Usage Increase | +50% | Result of recent investments in on-site renewables and power purchase agreements |
| National High-Tech Enterprise | Yes | Official recognition supporting R&D credentials |
- Technology roadmap: expand high-performance TPU grades, bio-based feedstocks, and recyclable formulations.
- Operational roadmap: scale renewable energy and circular-material initiatives to reduce carbon intensity per tonne produced.
- Market roadmap: deepen partnerships in footwear, consumer electronics, medical devices, and automotive interiors.
Miracll Chemicals Co.,Ltd (300848.SZ) - Vision Statement
Miracll Chemicals envisions becoming a global leader in sustainable specialty chemicals by integrating innovation, operational excellence, and responsible stewardship of resources. The company's vision emphasizes scalable green technologies, customer-centric solutions, and partnerships that accelerate product development and market penetration.
Mission Statement
To deliver high-performance, environmentally responsible chemical solutions through relentless innovation, efficient execution, and uncompromising integrity-creating long-term value for customers, employees, shareholders, and society.
Core Values
- Innovation - continual R&D and product launches focused on sustainability and performance.
- Efficiency - streamlined operations and cost discipline to improve margins and speed-to-market.
- Implementation - translating R&D into scalable production and reliable delivery.
- Integrity - strict compliance, transparent governance, and ethical conduct across all operations.
- Professionalism & Reliability - consistent quality, on-time delivery, and technical expertise.
- Environmental Protection - prioritizing eco-friendly chemistries and reduced environmental footprint.
- Cooperation - collaborative research and strategic partnerships to accelerate innovation.
2023 Performance Indicators Aligned with Values
Key metrics demonstrating how Miracll's values translated into measurable outcomes in 2023:
| Metric | 2022 | 2023 | Change |
|---|---|---|---|
| Compliance-related incidents | Baseline (index) | 20% fewer incidents | -20% |
| Eco-friendly product sales | Base year sales | 30% increase YoY | +30% |
| Customer satisfaction score | 75% | 88% | +13 percentage points |
| Share of collaborative R&D in product development | - | 25% of product development efforts | - |
Strategic Pillars Supporting the Vision
- R&D and Product Innovation - sustained investment in green chemistries and formulation technologies to expand eco-friendly offerings (launch in 2023 drove +30% sales YoY).
- Operational Excellence - continuous process optimization to enhance efficiency and reduce compliance incidents (20% reduction in 2023).
- Customer Centricity - service and quality programs that lifted customer satisfaction from 75% to 88% in 2023.
- Collaborative Ecosystem - partnerships with leading research institutions, contributing to 25% of product development initiatives in 2023.
- Governance & Integrity - compliance frameworks and training that reduced compliance-related incidents company-wide.
For an investor-focused perspective and ownership dynamics, see Exploring Miracll Chemicals Co.,Ltd Investor Profile: Who's Buying and Why?
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