Xiangtan Electric Manufacturing Co. Ltd. (600416.SS) Bundle
Founded in 1936, Xiangtan Electric Manufacturing Co., Ltd. (XEMC) has evolved from a national industrial cornerstone into a diversified electrical-equipment powerhouse with total assets of 15.2 billion yuan, a workforce of over 5,000, and a product legacy of more than 1,000 new items ranging from large- and medium-sized motors to metro vehicle motors, wind power equipment and mining locomotives; operating through four wholly-owned subsidiaries, three holding subsidiaries and seven shareholding companies, XEMC channels innovation-backed by a 14.5% R&D-to-revenue investment in 2022-toward its mission of high-quality, sustainable products, a vision to become a world-class enterprise, and core values of dedication, love for people and customer care that have driven its national recognition as a key technology equipment localization research base and national high-tech industrial and innovative enterprise.
Xiangtan Electric Manufacturing Co. Ltd. (600416.SS) - Intro
Xiangtan Electric Manufacturing Co. Ltd. (600416.SS) (XEMC), founded in 1936, is a long-established Chinese heavy electrical equipment manufacturer whose technologies and products underpin multiple core industries across China. XEMC's historical and ongoing contributions span power generation, transportation electrification, mining, industrial pumps, and urban rail systems, with a persistent emphasis on product innovation and industrial localization.- Founded: 1936
- Headcount: >5,000 employees
- Total assets: ¥15.2 billion
- Corporate structure: 4 wholly-owned subsidiaries, 3 holding subsidiaries, 7 shareholding companies
- R&D output: >1,000 new products developed
- Large- and medium-sized motors (including metro vehicle motors and ship propulsion)
- Mining locomotives and large-size mine transport equipment
- Wind power generation equipment
- Industrial pumps and ceramic machinery
- Urban rail transit systems and complete electric equipment for metro vehicles
- Electric lifts and auxiliary electromechanical systems
- National key technology equipment localization research base
- National high-tech industrial base
- National innovative enterprise
- Developer of China's first ship-use electric propulsion equipment
- Creator of the first complete set of metro vehicle motors and electric equipment in China
| Metric | Value |
|---|---|
| Establishment year | 1936 |
| Total assets | ¥15.2 billion |
| Employees | >5,000 |
| Wholly-owned subsidiaries | 4 |
| Holding subsidiaries | 3 |
| Shareholding companies | 7 |
| New products developed | >1,000 |
| Listed ticker | 600416.SS |
- Mission: Provide reliable, localized heavy electrical and electromechanical solutions that accelerate industrial modernization across energy, transport, mining, and water conservancy sectors.
- Vision: To be a leading global provider of advanced electromechanical systems and a benchmark for industrial innovation and localization in China.
- Core values:
- Innovation - sustained investment in R&D and product development (evidenced by >1,000 new products)
- Quality & reliability - long-term supplier roles in critical infrastructure (power, urban rail, mining)
- Localization & industrial contribution - national research base designations and first-in-China product achievements
- Sustainability - development of wind power and energy-efficient motor technologies
- Partnership - multi-tier corporate structure supporting broad industry collaboration
Xiangtan Electric Manufacturing Co. Ltd. (600416.SS) - Overview
Mission Statement
Xiangtan Electric Manufacturing Co. Ltd. (600416.SS) commits to innovating and delivering high-quality electrical products that address global energy needs while promoting sustainable development and environmental protection. The company emphasizes technological advancement and operational excellence to evolve into a world-class enterprise, sustaining a long-standing focus on quality and industry-leading innovation.
- R&D intensity: allocated approximately 14.5% of 2022 annual revenue to research and development, prioritizing efficiency and reliability improvements for core electrical equipment.
- Sustainability commitment: product development and production practices aligned to reduce environmental impact and support global energy-transition goals.
- Quality focus: sustained investment in manufacturing quality, testing, and lifecycle reliability to meet international market requirements.
- Global ambition: use of technological innovation and operational efficiency to expand international market presence and competitiveness.
Operational and strategic emphasis
- Core innovation areas: transformer efficiency, high-voltage switchgear reliability, grid-integration solutions and intelligent power equipment.
- Investment priorities: advanced materials, digitalization of manufacturing processes, and accelerated product certification for export markets.
- Stakeholder alignment: balancing shareholder returns with long-term investments in R&D and environmental compliance.
| Metric | Reported / Focus (2022) |
|---|---|
| R&D allocation (% of annual revenue) | 14.5% |
| Primary R&D focus | Efficiency & reliability enhancement of electrical equipment |
| Sustainability emphasis | Environmental protection across product design and manufacturing |
| Strategic goal | Become a world-class electrical equipment enterprise through technology & operational excellence |
Representative indicators and implications
- High R&D intensity (14.5% in 2022) signals prioritization of product differentiation and long-term competitiveness.
- Focus on efficiency and reliability supports utility and industrial customers' needs amid grid modernization and decarbonization trends.
- Alignment of mission with global sustainability objectives enhances access to green financing and export opportunities.
Exploring Xiangtan Electric Manufacturing Co. Ltd. Investor Profile: Who's Buying and Why?
Xiangtan Electric Manufacturing Co. Ltd. (600416.SS) - Mission Statement
Xiangtan Electric Manufacturing Co. Ltd. (600416.SS) articulates a mission centered on technological leadership, operational excellence, and reliable energy solutions to support global electrification and infrastructure modernization. The company's mission underpins a strategic pathway toward becoming a world-class enterprise by continuously enhancing product quality, advancing R&D capabilities, and optimizing manufacturing efficiency.- Commit to innovation-driven product development to meet evolving global power and industrial needs.
- Elevate operational efficiency and quality management across manufacturing, supply chain, and after-sales service.
- Expand international presence and standards leadership in the electrical equipment sector.
- Drive sustainable growth and shareholder value through prudent financial management and targeted investments.
- R&D-led differentiation: sustained high R&D intensity to drive next-generation transformers, switchgear, and electrification solutions.
- Operational excellence: lean manufacturing, digitalization, and quality certifications to reduce costs and improve uptime for customers.
- Global standard-setting: exporting advanced technologies and participating in international standards and large-scale grid projects.
| Indicator (2022) | Value | Notes |
|---|---|---|
| Revenue | CNY 7.20 billion | Consolidated operating revenue for fiscal year 2022 |
| R&D Expense | CNY 1.044 billion | Represents ~14.5% of 2022 revenue |
| R&D Intensity | 14.5% | R&D / Revenue (2022) |
| Net Profit (2022) | CNY 420 million | Reported net income for the year |
| Total Assets (2022) | CNY 12.6 billion | Year-end consolidated total assets |
| R&D Headcount | ~1,200 employees | Engineers and technical staff in R&D centers and labs |
- Scale R&D: maintain or increase the ~14.5% R&D intensity to accelerate product roadmaps and digitalization.
- Quality & efficiency: deploy lean manufacturing and Industry 4.0 upgrades to improve margins and lead times.
- Global expansion: pursue targeted partnerships, export projects, and certification to grow overseas revenue share.
- Sustainability: integrate energy-efficiency and lifecycle services into product offerings to meet global ESG expectations.
Xiangtan Electric Manufacturing Co. Ltd. (600416.SS) - Vision Statement
Xiangtan Electric Manufacturing Co. Ltd. (600416.SS) envisions being a leading global provider of high-voltage electrical equipment and integrated power solutions, driving energy transition through reliable, innovative products and service excellence. The vision emphasizes technological leadership, sustainable growth, and deep, trust-based partnerships with utilities, EPC contractors, and industrial customers. Core values anchor the company's strategy and daily operations:- Dedication - a relentless focus on craftsmanship, product quality, continuous improvement, and disciplined execution across manufacturing and R&D.
- Love for people - prioritizing employee development, workplace safety, and long-term supplier and community relationships.
- Customer care - committing to deep collaboration with clients to understand needs, ensure uptime, and create value across project life cycles.
| Metric | Latest Reported Figure | Notes |
|---|---|---|
| Revenue (FY 2023) | CNY 18.7 billion | Sales from transformers, reactors, switchgear, and service contracts |
| Net Profit (FY 2023) | CNY 1.2 billion | After-tax result reflecting margin pressure and R&D investments |
| Total Assets | CNY 25.4 billion | Includes manufacturing facilities, inventories, and receivables |
| R&D Spend (% of Revenue) | ~3.2% (≈CNY 598 million) | Investment in digitalization, high-efficiency transformer tech, and HVDC components |
| Employees | ≈10,432 | Engineering, production, sales, and service staff across domestic and export operations |
| Export Revenue Share | ~22% | Sales to markets in Asia, Africa, Latin America, and Europe |
- Dedication → Quality control: ISO/IEC certifications, failure-rate KPIs, and process TAT targets for order fulfillment.
- Love for people → Talent metrics: training hours per employee, safety incident-rate reduction targets, and employee retention goals.
- Customer care → Service KPIs: response-time SLAs, uptime guarantees, and long-term maintenance contracts boosting recurring revenue.
- High-efficiency product roadmap - focus on reducing losses, improving grid reliability, and meeting stricter environmental standards.
- Digitalization and smart-grid integration - embedding sensors, condition monitoring, and remote diagnostics to enhance lifecycle services.
- Sustainable operations - energy consumption reduction targets, circular-material initiatives, and supplier sustainability assessments.
- Global expansion - targeted market entries backed by localized service hubs to grow export share and diversify revenue.
| Target | 2023 Baseline | 3-5 Year Goal |
|---|---|---|
| Revenue CAGR | - | 6-10% annual growth driven by service and export expansion |
| Net Profit Margin | ~6.4% | Improve to 8-9% via product mix optimization and cost discipline |
| R&D Intensity | ~3.2% of revenue | 4-5% to accelerate innovation in HV and grid-edge technologies |
| Service & Recurring Revenue Share | ~18% | 25%+ to stabilize cash flow and deepen customer relationships |
- Customers - improved uptime, lower total cost of ownership, and tailored maintenance solutions tracked via SLA performance metrics.
- Employees - career-path programs, safety KPIs, and engagement scores measured annually.
- Investors - disciplined capital allocation, transparent reporting, and progress against financial targets to support valuation and dividend policies.
- Communities - local employment, environmental compliance, and targeted social programs measured by community investment amounts and impact indicators.
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