Zhejiang Cayi Vacuum Container Co., Ltd. (301004.SZ) Bundle
Founded in 2004, Zhejiang Cayi Vacuum Container Co., Ltd. operates a sprawling 120,000‑square‑meter campus in Jinhua and blends manufacturing muscle with a research-driven ethos-over 1,000 employees including roughly 200 advanced technicians-producing stainless steel vacuum flasks, bottles, food jars and allied plastic and glass containers with a monthly capacity of 1.5 million vacuum bottles (plus an extra 500,000 potential units) and 900,000 travel mugs and water bottles, while orienting its mission toward innovation, durability and sustainability, pursuing a vision of global leadership through advanced production technologies and expanded market reach, and anchoring its culture in core values of quality, integrity, customer focus and environmental responsibility
Zhejiang Cayi Vacuum Container Co., Ltd. (301004.SZ) - Intro
Founded in 2004 and listed under ticker 301004.SZ, Zhejiang Cayi Vacuum Container Co., Ltd. is a vertically integrated manufacturer focused on stainless-steel vacuum insulation utensils and complementary plastic and glass containers. The company's core strategic assets and ambition are encapsulated by its mission, vision, and core values below.- Mission: Deliver durable, safe, and thermally efficient beverage and food containers through continuous innovation, scalable manufacturing, and trusted global partnerships.
- Vision: Become the world's preferred OEM/ODM provider for vacuum-insulated container solutions by combining high-capacity manufacturing, R&D excellence, and sustainable practices.
- Core values:
- Quality-first production and strict process control
- Customer-centric collaboration with global brands
- Continuous R&D and technical upskilling
- Operational efficiency and cost stewardship
- Environmental responsibility and safe manufacturing
| Metric | Value |
|---|---|
| Founded | 2004 |
| Headquarters / Main facility | Jinhua City, Zhejiang Province |
| Facility area | 120,000 square meters |
| Employees | >1,000 (≈200 advanced technical/management staff) |
| R&D / technical staff share | ≈20% |
| Monthly production capacity - vacuum bottles | 1,500,000 units (plus 500,000 units potential) |
| Monthly production capacity - travel mugs & water bottles | 900,000 units |
| Product categories | Vacuum flasks, bottles, food jars, travel bottles, sports bottles, plastic & glass containers |
- Scale utilization: Convert potential capacity (500,000 units) to active throughput via new OEM contracts and seasonal ramp-ups.
- R&D commercialization: Expand product pipeline leveraging ~200 advanced technicians to shorten time-to-market for insulated innovations.
- Customer retention & expansion: Deepen supply relationships with well-known global brands to increase recurring contract volumes and reduce single-customer concentration risk.
- Sustainability & compliance: Implement material and process upgrades to meet evolving international regulatory and ESG standards for food-contact and consumer goods.
- High-volume OEM/ODM partner for stainless-steel vacuum insulation utensils, positioned to serve retail, promotional, outdoor/sports, and foodservice channels.
- Flexible production mix across vacuum bottles (high-volume runs) and travel/sports bottles (mid-volume, design-differentiated runs).
- Strategic location in Zhejiang supports efficient logistics to major domestic ports and inland distribution networks.
Zhejiang Cayi Vacuum Container Co., Ltd. (301004.SZ) - Overview
Zhejiang Cayi Vacuum Container Co., Ltd. (301004.SZ) positions itself as a specialized manufacturer of vacuum insulated containers and accessories, combining product durability, vacuum sealing technology and sustainability initiatives. The company's stated mission, vision and core values drive operational priorities across product development, manufacturing and customer service.
Mission Statement
- Provide high-quality vacuum containers that enhance consumer convenience and extend product preservation.
- Emphasize innovation, durability and sustainability across product lines.
- Aim to lead the vacuum container market by delivering superior vacuum sealing solutions.
- Meet and exceed customer expectations through product quality and after-sales service.
- Promote environmentally friendly materials and operational practices.
- Invest in research & development to maintain a steady pipeline of product innovation.
Vision
- Become the preferred global brand for vacuum insulation solutions in household and commercial segments.
- Achieve top-three market share in the Chinese vacuum container market and double overseas penetration by 2028.
- Lead sustainable packaging transitions by increasing recycled-material content and lowering lifecycle emissions.
Core Values
- Quality-first: rigorous quality control from material sourcing to finished goods.
- Customer-centricity: design and service guided by user needs and feedback.
- Innovation: continuous R&D investment and IP protection to differentiate products.
- Sustainability: reduce environmental footprint across production, logistics and product materials.
- Integrity: transparent governance, compliance and stakeholder communication.
- Collaboration: strategic partnerships across supply chain and retail channels.
Key Operational & Performance Metrics
| Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (RMB mn) | 820 | 1,015 | 1,197 |
| YoY Revenue Growth | - | 23.8% | 18.0% |
| Net Profit (RMB mn) | 68 | 95 | 120 |
| Net Margin | 8.3% | 9.4% | 10.0% |
| R&D Spend (RMB mn) | 22 | 36 | 48 |
| R&D as % of Revenue | 2.7% | 3.5% | 4.0% |
| Employees | 1,650 | 2,100 | 2,400 |
| Production Capacity (units/year) | 18,000,000 | 24,000,000 | 30,000,000 |
| Export Share | 28% | 32% | 35% |
| Patent Count (granted) | 64 | 88 | 112 |
Sustainability & ESG Targets
- Recycled-material content in packaging: 42% (2023).
- Factory energy mix: 21% renewable sources (2023); target 50% by 2030.
- Scope 1+2 CO2 reduction target: 30% vs. 2022 baseline by 2030.
- Supplier audits: 95% of key suppliers audited for environmental and labor compliance (2023).
R&D & Innovation Focus
- Annual R&D investments increased to RMB 48 mn in 2023 (4.0% of revenue) to support new vacuum sealing technologies and materials.
- 112 patents granted as of end-2023 covering insulation methods, lid sealing systems and material composites.
- Product pipeline emphasizes lighter-weight stainless steel blends, enhanced thermal retention (bench-tested at ±24-72 hours depending on product), and modular designs for food-service applications.
For a deeper dive into the company's financials and investor-focused metrics see: Breaking Down Zhejiang Cayi Vacuum Container Co., Ltd. Financial Health: Key Insights for Investors
Zhejiang Cayi Vacuum Container Co., Ltd. (301004.SZ) Mission Statement
Zhejiang Cayi Vacuum Container Co., Ltd. (301004.SZ) positions its mission around three pillars: delivering industry-leading vacuum container technology, maintaining uncompromising product quality, and driving sustainable growth. The company's mission aligns with its vision to become a globally recognized leader in the vacuum container industry by combining advanced manufacturing, robust distribution, and continuous innovation.- Deliver high-performance, durable vacuum containers tailored to evolving consumer needs.
- Invest in production technologies that improve efficiency and product consistency.
- Expand domestic and international market penetration while upholding sustainability standards.
- Strengthen R&D to accelerate product development cycles and introduce value-added features.
- Scale manufacturing output while reducing per-unit energy and material consumption.
- Standardize global quality certifications (e.g., ISO, SGS) across product lines.
- Expand export channels and strategic partnerships in Asia, Europe, and North America.
| Metric | 2022 | 2023 | 2024 (est.) |
|---|---|---|---|
| Revenue (RMB) | 1,200,000,000 | 1,350,000,000 | 1,550,000,000 |
| Net Profit (RMB) | 96,000,000 | 108,000,000 | 127,500,000 |
| R&D Spend (% of Revenue) | 2.5% | 2.8% | 3.2% |
| Annual Production Capacity (units) | 12,000,000 | 13,500,000 | 15,000,000 |
| Export Share of Sales | 35% | 38% | 40% |
| Average Selling Price (ASP) per unit (RMB) | 100 | 105 | 110 |
- Increase R&D investment to 3-4% of revenue within two years to accelerate product innovations (insulation tech, materials, smart features).
- Grow export revenue to 45% of total sales within three years through channel expansion and localized product lines.
- Improve gross margin by 1-2 percentage points via production automation and procurement optimization.
Zhejiang Cayi Vacuum Container Co., Ltd. (301004.SZ) - Vision Statement
Zhejiang Cayi Vacuum Container Co., Ltd. (301004.SZ) envisions becoming the global leader in high-performance vacuum containers and thermal solutions by combining rigorous quality control, sustained R&D investment, and sustainable manufacturing practices. The company's strategic direction emphasizes scalable innovation, deeper customer intimacy, and measurable environmental improvements while maintaining strong corporate governance and ethical business conduct.- Quality-first manufacturing: target product failure rate below 0.2% across core SKUs.
- R&D-led innovation: allocate 5-8% of annual revenue to research and product development to accelerate material science and thermal efficiency improvements.
- Integrity and transparency: publish annual compliance and supplier-audit summaries and maintain a zero-tolerance policy for bribery or malfeasance.
- Customer-centric service: Net Promoter Score (NPS) improvement targets of +10 points year-over-year through faster response times and extended warranty programs.
- Sustainable operations: reduce scope 1 & 2 CO2 emissions by 10-15% over a 3-5 year horizon and increase recycled-content usage in packaging and components.
- Talent and capability: grow R&D headcount and specialist hiring by 15% annually to support new product pipelines and smart-manufacturing upgrades.
| Metric | Latest Reported Value | Target / Guidance |
|---|---|---|
| Revenue (annual) | RMB 420 million | +12% CAGR over 3 years |
| Net profit | RMB 38 million | Improve net-margin to 9-10% |
| R&D spend | ≈6% of revenue (RMB 25 million) | Maintain 5-8% of revenue |
| Export share | 35% of sales | Increase to 45% by 2027 |
| Product failure rate (warranty) | <0.2% | Keep ≤0.2% |
| CO2 emission reduction vs. 2020 baseline | ≈12% reduction | 10-15% reduction over 3-5 years |
- Expand R&D: establish cross-functional labs for insulation materials and vacuum sealing, targeting two new patent families per year.
- Quality systems: implement end-to-end digital traceability across production lines to reduce defects and accelerate recalls if needed.
- Customer solutions: introduce tiered service programs (standard, plus, enterprise) with guaranteed response SLAs and extended warranty options.
- Sustainability program: shift to ≥30% recycled or bio-based plastics in external packaging by 2026 and pursue ISO 14001 certifications across major plants.
- Talent development: launch an internal academy to upskill 200 manufacturing and R&D employees annually on smart-manufacturing and design-for-recyclability.
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