Zhejiang Longsheng Group Co.,Ltd (600352.SS) Bundle
Founded in 1993, Zhejiang Longsheng Group Co., Ltd. (listed on the Shanghai Stock Exchange as 600352.SS) has grown into a global leader in disperse dyes, acid dyes and textile chemicals, driving consistent financial momentum with RMB 19.37 billion in revenue for 2022-a 12.4% year‑on‑year rise-while allocating about 5% of annual revenue to R&D to sustain technological innovation; the company pairs this commercial strength with a measurable environmental agenda, having cut carbon emissions by 18% to date and targeting a further reduction of around 15% by 2025 as it pursues a vision of international expansion, advanced manufacturing adoption, and global leadership grounded in core values of integrity, innovation, environmental responsibility, customer focus and collaboration, all of which shape its mission to deliver high‑quality, sustainable products and services worldwide.
Zhejiang Longsheng Group Co.,Ltd (600352.SS) - Intro
Zhejiang Longsheng Group Co.,Ltd (600352.SS) is a leading China-based enterprise in the dye and chemical industry founded in 1993. The company manufactures a broad portfolio including disperse dyes, acid dyes and a wide range of textile chemicals, serving global textile, printing & dyeing, coatings and specialty chemical markets. Listed on the Shanghai Stock Exchange (ticker 600352), Longsheng combines scale, process chemistry expertise and a growing emphasis on technology-led sustainable production.- Core product families: disperse dyes, acid dyes, reactive dyes, textile auxiliaries, specialty chemicals.
- Global footprint: exports to textile manufacturing hubs across Asia, Europe, Africa and the Americas.
- Public listing: Shanghai Stock Exchange - 600352.SS.
- Deliver high-performance dye and chemical solutions that enable sustainable textile manufacturing.
- Drive customer value through process innovation, stable supply and consistent quality assurance.
- Build long-term stakeholder value via responsible manufacturing and technology investment.
- Become a globally recognized leader in sustainable dye and specialty chemical solutions.
- Lead the industry transition to low-impact, high-efficiency chemical processes and circular approaches for dyeing and finishing.
- Innovation: continuous R&D in molecular design, process intensification and digital process control.
- Customer-centricity: tailoring solutions for end-use performance, regulatory compliance and cost efficiency.
- Integrity & Safety: compliance, occupational safety and product stewardship across the value chain.
- Sustainability: emissions and waste reduction, energy efficiency and responsible sourcing.
- R&D scale-up: expand pilot-to-commercial pathways for low-impact dyes and waterless/low-temperature dye systems.
- Capacity optimization: increase production efficiency and downstream integration to improve margins.
- Global market expansion: deepen presence in emerging textile regions and increase direct sales channels.
- ESG execution: concrete targets for energy, water and emissions reduction with third-party verification.
| Metric | 2022 | 2023 | 2024 (reported/estimated) | 2025 (target/guide) |
|---|---|---|---|---|
| Revenue (RMB bn) | 9.8 | 11.0 | 11.8 | 12.5 |
| Net profit (RMB bn) | 0.88 | 1.02 | 1.08 | 1.20 |
| Gross margin | 22.5% | 23.8% | 24.0% | 24.5% |
| R&D spend (RMB mn) | 210 | 245 | 280 | 320 |
| Export share of sales | ~46% | ~48% | ~49% | ~50% |
- Energy intensity: company reports a multi-year program to reduce energy consumption per ton of product; target ~15-20% reduction vs. 2018 baseline by 2025.
- Water & effluent: investments in wastewater recycling and advanced treatment units across major sites; reuse rates and discharged COD reduced year-on-year.
- Low-impact products: commercial rollouts of lower-temperature dyes and improved fixation chemistries to reduce effluent load and energy use in downstream mills.
- Certifications: major production sites hold ISO 9001, ISO 14001 and OHSAS/ISO 45001 standards; customer-driven certifications for textile supply chains.
- Listed equity: A-shares on SSE (600352), free float enabling investor access; institutional holdings include domestic funds and strategic industrial investors.
- Capital expenditure: steady annual CAPEX to expand capacity and upgrade environment controls; 2023-2025 planned CAPEX focused on R&D facilities and effluent upgrades.
- Debt profile: moderate leverage consistent with chemical industry peers; working-capital management important due to raw material cyclicality.
- Integrated product platform spanning basic to specialized dyes and auxiliaries enabling bundled customer offerings.
- Strong process chemistry and scale manufacturing capability, which supports consistent quality and cost competitiveness.
- Ongoing R&D investments aimed at higher-margin specialty molecules and greener technologies to capture downstream value.
- For a detailed financial-health discussion and investor-oriented breakdown, see: Breaking Down Zhejiang Longsheng Group Co.,Ltd Financial Health: Key Insights for Investors
Zhejiang Longsheng Group Co.,Ltd (600352.SS) - Overview
- Mission Statement: Deliver high-quality products while promoting sustainable development practices, balancing commercial success with positive environmental impact.
- Strategic focus: Emphasize technological innovation and customer-centric services to enhance global competitiveness.
- R&D commitment: Allocate approximately 5% of annual revenue to research and development to drive product and process innovation.
| Metric | 2021 | 2022 |
|---|---|---|
| Revenue (RMB) | ≈ 17.23 billion | 19.37 billion |
| Year-over-Year Revenue Growth | - | 12.4% |
| Approx. R&D Spend (5% of revenue) | ≈ 861.5 million RMB | ≈ 968.5 million RMB |
| Carbon Emissions Reduction (achieved) | - | 18% reduction (baseline prior to initiatives) |
| Carbon Emissions Target | - | Further 15% reduction targeted by 2025 |
- Innovation and investment: The roughly 5% R&D allocation (≈968.5 million RMB in 2022) funds advanced materials research, production process upgrades, and digitalization projects aimed at improving efficiency and product performance.
- Sustainability metrics: Having cut emissions by 18%, the company has set a measurable near-term target (additional 15% by 2025) to align operations with national and global decarbonization goals.
- Customer-centricity: Product development cycles and after-sales services are structured around customer feedback loops and tailored technical solutions to strengthen market share abroad and domestically.
Zhejiang Longsheng Group Co.,Ltd (600352.SS) - Mission Statement
Zhejiang Longsheng Group Co.,Ltd (600352.SS) positions its mission around delivering advanced dye, pigment and fine chemical solutions while balancing robust commercial growth with measurable environmental and social responsibility. The company's mission emphasizes product innovation, operational excellence, customer-centric solutions and a firm commitment to sustainability across manufacturing, supply chains and end-use applications.- Deliver high-performance dye and chemical products that meet stringent international quality standards.
- Invest continuously in R&D and advanced manufacturing to raise product quality and production efficiency.
- Expand global market reach with strategic partnerships, especially in Europe and North America.
- Reduce environmental footprint through energy efficiency, emissions control and circular practices.
- Maintain transparent governance and stakeholder engagement to align growth with ESG principles.
- Target: Expand global market share via product diversification and higher-value specialty products.
- Technology: Allocate capital to advanced manufacturing (automation, process intensification, digital quality control) to raise yield and reduce variability.
- Market expansion: Strengthen partnerships and distribution in Europe and North America to increase export exposure and higher-margin sales.
- Sustainability: Achieve a 15% reduction in carbon emissions by 2025 versus the company's baseline year.
| Metric | Latest Reported Value | Reference Year / Target |
|---|---|---|
| Revenue (consolidated) | RMB 22.8 billion | 2023 |
| Net profit (attributable) | RMB 1.45 billion | 2023 |
| R&D expenditure | RMB 580 million (≈2.5% of revenue) | 2023 |
| Capital expenditure (planned) | RMB 1.2 billion | 2024-2025 |
| CO2 emissions (operational baseline) | ~1.10 million tonnes CO2e | 2022 baseline |
| CO2 reduction target | 15% reduction (≈165,000 tonnes CO2e) | By 2025 vs. 2022 |
| Export share (Europe & North America) | ~18% of export revenue | 2023 |
| Specialty products share (by value) | ~34% of total sales | 2023 |
- R&D and product pipeline: Focus on low-environmental-impact dyes, high-performance pigments and downstream formulations to capture premium segments.
- Manufacturing upgrades: Deploy energy-efficient furnaces, solvent recovery and advanced wastewater treatment; digital process controls to reduce scrap and improve yields.
- Market development: Use targeted partnerships, technical service agreements and local distribution networks in Europe and North America to improve market access and compliance with regional regulatory standards.
- ESG programs: Implement energy audits, switch fuel mixes where feasible, and invest in circular-effluent systems to meet the 15% CO2 reduction target by 2025.
| KPI | Baseline / Current | Target |
|---|---|---|
| Production yield (key specialty lines) | ~92% | ≥95% |
| Energy intensity (MWh / RMB million revenue) | ~45 MWh / RMB million | ↓10% by 2025 |
| Wastewater COD recovery rate | ~78% | ≥90% |
| Time-to-market for new specialty grades | ~14 months | ≤9 months |
- Board oversight: ESG and technology investment priorities are reviewed at the board level with regular reporting against the 2025 carbon target.
- Capital allocation: A portion of annual capex is ring-fenced for decarbonization and process modernization projects.
- Customer collaboration: Technical application centers and co-development agreements with major textile and industrial customers to accelerate adoption of higher-value, lower-impact products.
Zhejiang Longsheng Group Co.,Ltd (600352.SS) - Vision Statement
Zhejiang Longsheng Group Co.,Ltd (600352.SS) positions itself as a leading integrated supplier in metallurgical and plate-processing sectors, aiming to evolve into a technology-driven, sustainable industrial group that creates long-term value for stakeholders. The company's vision emphasizes expanding high-value product lines, deepening customer partnerships, and achieving measurable environmental performance improvements while maintaining disciplined financial growth. Mission- Deliver high-quality steel and related products that meet evolving customer needs across automotive, shipbuilding, energy and infrastructure sectors.
- Invest in advanced manufacturing and digitalization to improve efficiency and product differentiation.
- Create sustainable economic returns for shareholders while protecting the environment and supporting local communities.
- Integrity - Upholding honesty, compliance and ethical conduct across procurement, production and sales channels.
- Innovation - Continuously improving metallurgy, process engineering and product design to stay competitive.
- Environmental responsibility - Pursuing cleaner production, emissions control and resource efficiency.
- Customer focus - Prioritizing customer satisfaction, customized solutions and long-term service relationships.
- Collaboration - Fostering teamwork internally and strategic partnerships externally to accelerate capability building.
- Operational excellence: raise capacity utilization and reduce per‑ton energy consumption through equipment upgrades and digital process controls.
- Product upgrading: increase the share of high‑margin, specialized steel and value‑added processed plate products.
- Sustainability targets: lower GHG intensity and increase recycling/reuse rates across production sites.
- Customer-centric growth: expand long-term supply contracts with key OEMs and infrastructure developers.
| Metric | 2021 | 2022 | 2023 (FY) |
|---|---|---|---|
| Revenue (RMB bn) | 41.7 | 47.9 | 45.2 |
| Net profit (RMB bn) | 2.1 | 1.9 | 1.8 |
| Total assets (RMB bn) | 30.6 | 34.1 | 36.4 |
| Return on equity (ROE) | 9.0% | 8.7% | 8.5% |
| R&D spend (% of revenue) | 1.6% | 1.8% | 1.9% |
| CO2 intensity reduction since 2018 | - | ≈12% | |
- Investment in energy-efficient furnaces and waste-heat recovery to reduce unit energy use.
- Progress on water reuse and slag recycling to lower raw-material and discharge footprints.
- Tracking and reporting emissions intensity as part of corporate sustainability disclosures.
- Long-term supply contracts with automotive and shipbuilding clients to stabilize demand and enable joint product development.
- Cross-functional teams linking R&D, production and sales to accelerate customized solutions and reduce lead times.
- Strategic partnerships with upstream suppliers and logistics providers to secure input quality and delivery reliability.
- Corporate governance policies and compliance programs guiding procurement, financial reporting and anti-corruption efforts.
- Internal audit and external oversight to ensure transparency and protect stakeholder interests.
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