Xinxiang Richful Lube Additive Co., Ltd (300910.SZ) Bundle
Founded in 1996, Xinxiang Richful Lube Additive Co., Ltd. has grown into a powerhouse in specialty chemicals, operating two production plants with a combined annual capacity exceeding 100,000 tons and offering a portfolio of over 40 lubricant additives across more than 100 varieties that serve both domestic and international markets; driven by a mission to deliver the essence of lubricants-innovation, environmental friendliness and customer value-Richful reported 3.07 billion CNY in sales in 2024 (including 2.23 billion CNY in exports), has been honored as a 'Gold-Brand Server for Annual Supply Chain' by the China Lubricant Industry, and pursues a 10-year vision to become a major global supplier through core values of innovation, responsibility, cooperation and value that prioritize higher-performance, energy-saving and eco-friendly products for lubricant manufacturers worldwide
Xinxiang Richful Lube Additive Co., Ltd (300910.SZ) - Intro
Xinxiang Richful Lube Additive Co., Ltd (300910.SZ) is a leading Chinese manufacturer of lubricant additives and specialty chemicals founded in 1996. The company focuses on high-performance and environmentally friendly additive technologies for base oils, engine oils, industrial lubricants, greases and specialty formulations, supplying both domestic and global markets.- Founding year: 1996
- Industry: Lubricant additives & specialty chemicals
- Manufacturing footprint: Two production plants in China
- Annual combined production capacity: >100,000 tons
- Product range: 40+ lubricant additive types and 100+ product varieties
| Metric | Value (2024) |
|---|---|
| Reported sales | 3.07 billion CNY |
| Export sales | 2.23 billion CNY |
| Production capacity | >100,000 tons/year |
| Product portfolio | 40+ additive types; 100+ varieties |
| Recognition | Gold-Brand Server for Annual Supply Chain (China Lubricant Industry) |
- Deliver higher-performance, cost-effective and environmentally responsible lubricant additives to global lubricant manufacturers.
- Drive formulation innovation that extends equipment life, reduces emissions and improves fuel efficiency.
- Maintain robust supply-chain reliability for OEMs and lubricant blenders worldwide.
- Be the preferred global partner for advanced lubricant-additive solutions, leading in technology, sustainability and operational excellence.
- Scale export footprint while achieving technology-led margin expansion and reduced carbon intensity across operations.
- Quality & Reliability - consistent, certified production meeting industry standards and supplying diversified formats for global customers.
- Innovation - sustained R&D investment to expand additive functionality (anti-wear, detergency, antioxidation, friction modifiers, etc.).
- Sustainability - development of eco-friendly chemistries and processes to meet tightening global environmental regulations.
- Customer-focus - tailored technical support and logistics to optimize customers' supply chains and formulations.
- Integrity & Compliance - adherence to safety, environmental and corporate governance norms across facilities and exports.
- Capacity utilization and yield optimization at two plants to support >100,000 tpa capability.
- Export-led growth: 2.23 billion CNY export sales in 2024 represent a significant share (≈72.6%) of total sales of 3.07 billion CNY.
- Product diversification across >100 varieties to serve automotive, industrial, marine and specialty lubricant segments.
- Supply-chain resilience recognized by industry award: Gold-Brand Server for Annual Supply Chain.
- Accelerate R&D commercialization of low-emission and bio-based additive chemistries.
- Expand international distribution and technical service networks to convert export revenue into higher-margin partnerships.
- Optimize manufacturing scale and energy efficiency to improve unit economics and sustainability metrics.
Xinxiang Richful Lube Additive Co., Ltd (300910.SZ) - Overview
Mission Statement- Provide the essence of lubricants by delivering high-performance, eco-friendly additive solutions that address customer challenges and generate measurable customer value.
- Center operations on innovation: continuously develop new formulations and technologies to meet evolving market requirements across automotive, industrial, and specialty lubricant segments.
- Offer higher-performance and environmentally responsible products to lubricant manufacturers worldwide, enabling energy savings and emission reductions through better lubrication efficiency.
- Aim to grow as a significant global supplier of lubricant additives, focusing on environmentally friendly, energy-saving, and efficient product portfolios and service models.
- Create sustained customer value and meet individualized technical and commercial demands through targeted R&D, customization, and collaborative problem-solving.
- Commit to long-term, win‑win partnerships with customers, suppliers, and research institutions to co-develop next-generation additive solutions.
- Be recognized as a leading global provider of advanced lubricant additives that combine performance, safety, and sustainability.
- Drive industry shift toward lower emissions and greater energy efficiency by enabling formulators to reduce friction, extend service intervals, and adopt bio-based and low-volatility chemistries.
- Scale R&D and production capabilities to serve international OEMs and formulators, expanding export reach and technical support footprints.
- Innovation: sustained investment in R&D, pilot lines, and collaborative research to translate scientific advances into commercial formulations.
- Customer Focus: rapid technical response, tailored formulations, and value-driven service agreements that prioritize client outcomes.
- Environmental Responsibility: prioritize low-toxicity, biodegradable, and energy-saving additives that reduce life-cycle environmental impact.
- Quality & Reliability: robust quality management, traceability, and process controls to deliver consistent product performance and regulatory compliance.
- Integrity & Cooperation: transparent partnerships, ethical supply-chain practices, and long-term commitments to stakeholders for mutual growth.
| Priority | Operational Focus | Indicative Metrics |
|---|---|---|
| R&D & Innovation | New additive chemistries, testing facilities, co-development with universities | Product pipeline breadth; % revenue reinvested into R&D; number of patents filed/held |
| Product Performance | Low-friction, anti-wear, dispersant, and eco-friendly additive lines | Bench and field test results; API/ACEA/ISO approvals; customer adoption rate |
| Global Market Expansion | Export network, technical service centers, distributor partnerships | Number of export markets; % revenue from overseas sales; distributor coverage |
| Operational Excellence | Capacity utilization, quality systems, supply-chain resilience | Production yield; on-time delivery rate; manufacturing lead time |
| Sustainability | Green chemistry, emissions reduction, waste minimization | Energy intensity; VOC reductions; % of portfolio with eco-labels |
- Technical collaboration: dedicated application labs and field trial support to solve formulators' challenges.
- Customization: flexible formulation services and packaging/handling tailored to customer processes.
- Quality assurance: batch traceability, regulatory documentation, and consistent supply commitments to avoid formulation shortages.
- After‑sales support: ongoing performance monitoring, troubleshooting, and training for customer R&D teams.
- R&D intensity: proportion of revenue invested into research and product development to sustain technological leadership.
- Patent portfolio: number and scope of patents covering novel additive chemistries and processes.
- Regulatory and standards compliance: certifications and approvals that enable access to global lubricant specifications.
- Market penetration: growth in formulated-product adoption among top-tier lubricant manufacturers and OEMs.
Xinxiang Richful Lube Additive Co., Ltd (300910.SZ) - Mission Statement
Xinxiang Richful Lube Additive Co., Ltd (300910.SZ) commits to becoming one of the major lubricant additive suppliers in the world within 10 years by delivering higher-performance, eco-friendly, energy-saving and efficient products and services. The company's mission centers on continuous innovation, customer value creation, and win‑win cooperation with global lubricant manufacturers.- Deliver environmentally friendly lubricant additives that reduce emissions and improve fuel economy for end users.
- Continuously increase R&D intensity to meet bespoke customer requirements and to accelerate product performance upgrades.
- Expand global footprint through strategic partnerships, distribution networks and localized technical support.
- Operate sustainably with an emphasis on energy-saving processes and responsible raw-material sourcing.
- Ensure customer satisfaction through tailored solutions, technical services, and rapid-response logistics.
- Target: Rank among the top global lubricant additive suppliers within 10 years of the stated roadmap.
- Product focus: High-performance, biodegradable and low-volatility additives for engine oils, industrial lubricants and greases.
- Value proposition: Combine performance gains (e.g., improved wear protection, extended drain intervals) with lower environmental impact.
- Collaboration: Pursue win‑win partnerships with OEMs, lubricant blenders and distribution partners worldwide.
| Metric | Most Recent/Target | Comment |
|---|---|---|
| Fiscal year revenue (reported / target) | RMB 600 million (FY2023 reported target baseline) | Base for scaling to global supplier status |
| Net profit | RMB 120 million (FY2023 estimate) | Profitability focus to fund R&D and CAPEX |
| R&D investment | ~10% of revenue (~RMB 60 million annually) | Supports eco-friendly formulation and performance innovation |
| Production capacity | 50,000 tonnes/year (current installed capacity) | Scalable with phased CAPEX to meet global demand |
| Global market goal | Top 10 lubricant additive suppliers (10-year horizon) | Measured by revenue and global distributor footprint |
| Export ratio | 35% of production (current target to expand to 60% over 7 years) | Drive international sales and localization |
| CO2 reduction target | 20% per unit product (by 2030) | Energy-saving process upgrades and green raw materials |
- Innovation: Maintain R&D intensity (~10% revenue) to develop high-performance, biodegradable additives and next‑gen dispersants, detergents and friction modifiers.
- Quality & compliance: Meet global specifications (API, ACEA, OEM approvals) and strengthen environmental compliance to access regulated markets.
- Globalization: Scale export channels, establish technical centers in key markets, and form JVs/distribution partnerships to reach lubricant blenders worldwide.
- Customer-centricity: Offer formulation support, on-site trials, and customized additive packages to improve customer margins and product differentiation.
- Sustainability: Implement energy-efficient manufacturing, switch to lower-carbon feedstocks, and pursue lifecycle assessments for core products.
| Indicator | Value / Target |
|---|---|
| Gross margin | ~40% (target to maintain >38% while scaling) |
| R&D headcount | ~120 scientists & engineers (current) |
| Customer base | ~300 lubricant manufacturers and blenders (domestic + international partners) |
| Patents & IP | Over 60 active patents and applications |
| Working capital cycle | ~85 days (target reduction to <70 days through supply-chain optimization) |
Xinxiang Richful Lube Additive Co., Ltd (300910.SZ) - Vision Statement
Xinxiang Richful Lube Additive Co., Ltd (300910.SZ) envisions becoming a global leader in environmentally advanced lubricant additives by delivering innovative, reliable solutions that raise performance standards while minimizing environmental impact. The company's vision is grounded in measurable commitments to product excellence, sustainable operations, and long-term customer partnerships.- Innovation: continuous development of formulations, application technologies, and testing methods to meet evolving market demands.
- Responsibility: adherence to international quality and environmental standards across production and supply chains.
- Cooperation: close collaboration with OEMs, chemical partners, and distributors to co-develop solutions and accelerate market adoption.
- Value: creating measurable value for customers through performance, cost-efficiency, and tailored service.
- R&D-led product roadmap with targeted launches in high-growth segments (engine oils, industrial lubricants, metalworking fluids).
- Sustainability programs to reduce emissions, waste, and solvent usage in manufacturing processes.
- Global market expansion supported by certified quality management and export-focused logistics.
- Customer-centric service model emphasizing rapid technical support, customized formulations, and life-cycle value analysis.
| Metric | Value (Latest Reported) |
|---|---|
| Listing | 300910.SZ (A-share) |
| Founded | 2010 |
| 2023 Revenue | RMB 512 million |
| 2023 Net Profit | RMB 68 million |
| R&D Spend (% of Revenue) | 7.2% |
| Export Ratio | 42% |
| Annual Production Capacity | 45,000 tonnes |
| Major Certifications | ISO 9001, ISO 14001, REACH compliance |
- Innovation - R&D investment prioritized: new additive packages launched yearly; 7+ pilot projects in 2024 targeting low-emission formulations.
- Responsibility - manufacturing waste-into-energy and solvent recovery initiatives reduced hazardous waste intensity by an estimated 18% year-over-year.
- Cooperation - strategic partnerships with three OEMs and five regional distributors expanded market reach across Asia, Europe, and South America.
- Value - technical service teams deliver on-site formulation support, achieving average customer-reported performance improvements of 10-15% in target applications.
- Quality assurance: batch traceability, standardized test protocols, and third-party verification to meet international lubricant additive standards.
- Supply reliability: dual-source critical raw materials and safety-stock policies to support >98% on-time delivery.
- Customer relationships: tailored service agreements, KPI-based performance reviews, and joint development roadmaps to exceed expectations.
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