Breaking Down NBTM New Materials Group Co., Ltd. Financial Health: Key Insights for Investors

Since its founding in 1958 as Ningbo Powder Metallurgy Factory and its 2004 Shanghai listing under 600114.SS, NBTM New Materials Group has evolved into a cornerstone of China's powder metallurgy sector, supplying Press & Sinter, SMC and MIM parts for new energy, 5G, automotive and consumer electronics while backing its reach with over ¥800 million invested in logistics and distribution in the past five years; in 2024 the company reported revenue of ¥5.14 billion (up 33.20% year‑on‑year) and net income of ¥397 million (a 100.59% increase), guiding a mission to 'Converge the power of PM, create a green future' through sustained R&D-about 20% of revenue (~¥400 million in 2023)-and a vision to 'Be the leader of global PM' with an ambition of roughly 15% annual growth while maintaining core values of innovation, perfection, integrity, sustainability, customer focus and teamwork; explore how these concrete figures and strategic pillars shape NBTM's path and market positioning.

NBTM New Materials Group Co., Ltd. (600114.SS) - Intro

• Founded: 1958 (Ningbo Powder Metallurgy Factory)
• SSE Listing: 2004 - ticker 600114
• Key product lines: P&S, SMC, MIM
• Primary end markets: new energy, 5G, consumer electronics, automotive, appliances

• Integrity - transparent governance and responsible manufacturing
• Innovation - sustained R&D investment to advance materials and processes
• Customer Focus - tailored solutions and reliable supply chains
• Quality - stringent controls across production, testing, and delivery
• Sustainability - resource-efficient production and lower lifecycle emissions

• Expand SMC product capacity to capture demand from EV motors and energy-efficient appliances.
• Scale MIM capabilities to serve miniaturized components in 5G and consumer electronics.
• Invest in automated production and logistics - cumulative ¥800M+ invested to enhance distribution reach and reduce lead times.
• Strengthen partnerships with OEMs in automotive and new energy sectors to secure long-term supply agreements.
• Increase R&D intensity to improve material magnetic permeability, reduce sintering cycle times, and lower carbon intensity per unit.

• Strong 2024 earnings growth and doubling net income reflect improving margins and demand leverage.
• Stock price ¥30.53 and market cap ¥19.28 billion (12 Dec 2025) indicate notable investor confidence in growth trajectory.
• Large logistics investment (¥800M+) signals prioritization of market responsiveness and distribution coverage.

NBTM New Materials Group Co., Ltd. (600114.SS) - Overview

NBTM New Materials Group Co., Ltd. (600114.SS) centers its corporate identity on a concise mission: 'Converge the power of PM, create a green future.' This mission captures the company's strategic integration of powder metallurgy (PM) technologies with sustainability goals, targeting new energy and high-end manufacturing segments through materials innovation and value-added services.

• Core mission emphasis: integrate powder metallurgy to enable greener, energy-efficient components and systems for electrification and advanced machinery.
• Primary customer focus: new energy (EV powertrain, battery systems) and high-end manufacturing (precision components for aerospace, robotics, industrial automation).
• Environmental alignment: develop low-emission production processes, recyclable material solutions, and components that improve system-level energy efficiency.

Operational and investment priorities reflect the mission in measurable terms. In 2023, NBTM allocated 20% of revenue-approximately ¥400 million-to research and development, signaling high R&D intensity compared with many peers in the materials sector. That R&D spend implies total 2023 revenue of roughly ¥2.0 billion, illustrating the company's willingness to trade near-term margin for long-term technological leadership.

• Technology & innovation strategy:
  • Heavy investment in PM process optimization, additive manufacturing hybridization, and alloy development.
  • Collaborations with OEMs and research institutes to accelerate application validation in EV and industrial platforms.
• Sustainability commitments:
  • Material selection and process engineering to reduce carbon intensity of parts.
  • Focus on recyclability and longer component lifecycles to align with global decarbonization trends.

The mission has been consistently maintained, guiding capital allocation, R&D priorities, and go-to-market efforts to align technological advancement with environmental responsibility. For additional context on the company's historical positioning, governance, and how it creates economic value, see: NBTM New Materials Group Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

NBTM New Materials Group Co., Ltd. (600114.SS) - Mission Statement

• Deliver world-class PM products and solutions that meet evolving customer requirements across automotive, aerospace, electronics, and industrial markets.
• Invest substantially in R&D to shorten development cycles and commercialize advanced materials with improved performance and environmental profiles.
• Operate with a strong ESG mindset-reducing emissions, minimizing waste, and ensuring safe working conditions across all facilities.

• Be the leader of global PM: position NBTM as a frontrunner in the worldwide powder metallurgy industry, targeting a sustained annual revenue growth of 15% through product innovation, market expansion, and strategic partnerships.
• Lead in R&D of advanced materials: prioritize materials that improve component life, reduce weight, and enhance energy efficiency while complying with stricter environmental regulations.
• Customer focus and environmental protection: integrate customer feedback loops and lifecycle assessments to align product roadmaps with sustainability goals.
• Technological advancement: scale additive manufacturing, high-performance alloys, and precision PM processes to expand the product mix and gross margin profile.
• Global expansion: increase overseas sales channels and production presence to capture targeted market share in North America, Europe, and Southeast Asia.

• Scale manufacturing capacity with flexible lines to support 15% CAGR and new-product ramp-up.
• Forge partnerships with OEMs, research institutes, and additive-manufacturing firms to accelerate commercialization.
• Deploy digital tools (process analytics, predictive maintenance) to raise yield and reduce production variability.

NBTM New Materials Group Co., Ltd. (600114.SS) - Vision Statement

• Innovation: 'Challenge impossibility' - target to increase R&D intensity to at least 8-10% of annual revenue and to launch 15+ new product families within five years.
• Perfection: 'Keep Improving forever' - continuous yield and quality improvement programs aiming for >99.5% first-pass yield across core product lines.
• Integrity & Accountability - zero-tolerance policy on compliance breaches, with annual third-party audits and board-level ESG oversight.
• Sustainability - commit to reducing carbon intensity and water use per unit of product by 30% vs. a 2020 baseline by 2030.
• Customer Focus - measure customer satisfaction (CSAT) targets of ≥90% and net promoter score (NPS) improvement year-over-year.
• Teamwork - cross-functional teams and shared KPIs to improve project throughput and reduce time-to-market by 25%.

• Ethics & Compliance: mandatory annual training for 100% of employees, whistleblower protections, and transparent board reporting.
• Sustainable Operations: investment portfolio prioritizes low-carbon process upgrades and circular resource use; capex allocation of ~RMB 400-600 million annually toward sustainability and capacity upgrades.
• Customer Excellence: dedicated service centers, technical support teams, and SLAs that reduce response times by 40% vs. prior period.
• Collaborative Workforce: incentive structures tied to team KPIs, regular cross-department innovation sprints, and an internal mobility program covering >200 transfers/year.

• Revenue growth vs. prior year
• R&D spend as % of revenue and patent filings per year
• Environmental KPIs: CO2 per ton product, water use per ton, waste recycling rate
• Quality KPIs: first-pass yield, customer defect rate, on-time delivery
• Employee metrics: engagement score, internal promotion rate, safety incident frequency