Tiandi Science & Technology Co.Ltd (600582.SS) Bundle
Born in March 2000 as a subsidiary of China Coal Technology & Engineering Group Corp., Tiandi Science & Technology Co., Ltd. (listed on the Shanghai Stock Exchange as 600582 since May 2002) has evolved from a coal-industry specialist into a vertically integrated provider of intelligent mining technologies, tunneling and transportation equipment, safety products, clean-utilization and low‑carbon solutions, urban construction and new materials; today it operates with approximately 4.14 billion shares outstanding and a market capitalization near 24.58 billion yuan, underpinned by a conservative balance sheet featuring 14.1 billion yuan in cash and equivalents against just 706 million yuan of debt, and delivering solid profitability with a trailing twelve-month net profit of 2.79 billion yuan, while its mission to enhance safety, efficiency and environmental sustainability drives R&D-led product lines, engineering contracting, safety services and new-energy initiatives that together generate revenues across equipment sales, technical and consulting services, clean‑tech deployments and cross‑sector construction projects.
Tiandi Science & Technology Co.Ltd (600582.SS): Intro
Tiandi Science & Technology Co.Ltd (600582.SS) is a Shanghai-listed industrial technology group rooted in China's coal industry, evolving from equipment and engineering for mining into integrated solutions spanning intelligent mining, clean utilization, new energy and urban construction. Tiandi Science & Technology Co.Ltd: History, Ownership, Mission, How It Works & Makes Money- Founded: March 2000 as a subsidiary of China Coal Technology & Engineering Group Corp.
- Shanghai Stock Exchange listing: May 2002 (Ticker: 600582)
- Market capitalization: ~24.58 billion yuan (late 2025)
History & strategic evolution
- 2000: Established to serve the coal sector with engineering, equipment manufacture and project contracting.
- 2002: Public listing in Shanghai broadened access to capital and supported national-scale projects.
- 2000s-2010s: Expanded product portfolio to include tunneling, transportation equipment and mine safety systems.
- 2010s-2020s: Moved into intelligent mining (automation, sensors, control systems) and mine digitalization.
- Recent years: Diversified toward clean utilization, carbon reduction technologies, new energy (e.g., integrated energy projects), urban construction and advanced materials.
Ownership & corporate structure
- Major shareholder background: originally controlled by China Coal Technology & Engineering Group Corp. (state-owned industry group), with progressive share distribution through public float.
- Listed-company governance: Board of directors, supervisory board and senior management executing a strategy combining traditional coal-industry services with technology-driven diversification.
Mission & strategic priorities
- Mission: Provide safe, efficient and low-carbon solutions for mining and energy infrastructure while enabling industrial modernization.
- Strategic pillars: intelligent mining, clean and low-carbon technologies, new-energy integration, urban construction and advanced materials.
How it works - core businesses and operational model
- Equipment manufacturing: design and production of mining and tunneling machinery, mine transportation systems and safety equipment.
- Engineering & contracting: EPC (engineering, procurement, construction) for mining projects, tunneling and underground infrastructure.
- Intelligent systems: sensors, PLC/SCADA, automation integration and digital service platforms for mine monitoring and control.
- Clean & low-carbon services: coal clean utilization projects, carbon reduction technology deployment and energy-efficiency solutions.
- New energy & urban construction: participation in integrated energy projects, construction contracting and new material development.
How Tiandi makes money - revenue streams
- Product sales: sale of mining equipment, tunneling machines, transport units and safety products.
- Project contracting (EPC): revenue from engineering and construction contracts for mines, tunnels and urban infrastructure.
- Systems integration & services: recurring income from automation, digital platforms, maintenance, and after-sales services.
- Technology & environmental solutions: revenue from clean utilization, carbon-reduction projects, and new-energy integration contracts.
- Materials & property: income from new-material sales and urban construction projects.
| Item | Data / Note |
|---|---|
| Founded | March 2000 |
| Listing | Shanghai Stock Exchange, May 2002 (600582.SS) |
| Parent / Origin | China Coal Technology & Engineering Group Corp. (originating SOE) |
| Market capitalization | ≈ 24.58 billion CNY (late 2025) |
| Primary segments | Intelligent mining, tunneling & transport equipment, mine safety, clean utilization, new energy, urban construction, new materials |
Key competitive strengths
- Deep domain expertise in coal-industry equipment and engineering.
- Integrated offering: hardware + EPC + digital services enables higher-margin projects and aftermarket revenue.
- State-industry connections and experience executing large infrastructure projects across China.
- Strategic shift toward low-carbon and new-energy areas positions the company for demand tied to energy-transition policies.
Tiandi Science & Technology Co.Ltd (600582.SS): History
Tiandi Science & Technology Co.Ltd (600582.SS) traces its origins to technology and equipment businesses supporting China's coal and energy sectors and has expanded into industrial automation, environmental protection, and digital solutions under state-backed ownership and market listings. The company leverages R&D tied to national energy and industrial policies while operating as a commercial entity on the Shanghai Stock Exchange.- Listed on Shanghai Stock Exchange: ticker 600582
- Majority owner: China Coal Technology & Engineering Group Corp. (state-owned enterprise)
- Share count (as of 4 July 2025): ~4.14 billion shares outstanding
- Market capitalization (4 July 2025): ¥24.58 billion
| Metric | Value |
|---|---|
| Shares outstanding | 4,140,000,000 |
| Market capitalization (¥) | 24,580,000,000 |
| Total debt (¥) | 706,000,000 |
| Cash & equivalents (¥) | 14,100,000,000 |
| Major shareholder | China Coal Technology & Engineering Group Corp. |
- Shareholder base: mix of institutional and individual investors reflecting broad public float
- Leverage profile: low-total debt of ¥706 million vs. large cash balance
- Liquidity: strong-¥14.1 billion in cash and equivalents provides financial flexibility
- Support safe, efficient, and low-emission industrial operations via engineering, technology and digital services
- Drive modernization of coal and related industries through innovation and turnkey solutions
- Engineering & construction contracts: design, build and retrofit projects for energy and industrial clients
- Equipment sales: specialized machinery and automation systems for mining and processing
- Technology services: software, monitoring, and digital solutions sold as services or project components
- After-sales & maintenance: recurring revenue from service contracts and consumables
- Conservative capital structure: modest debt level supports stability
- Large cash reserves: enable capex, M&A, and working-capital flexibility
- State-backed ownership: provides access to large public-sector projects and policy alignment
Tiandi Science & Technology Co.Ltd (600582.SS): Ownership Structure
Tiandi Science & Technology Co.Ltd (600582.SS) provides integrated solutions for the coal industry with a clear mission and values oriented toward safety, efficiency, environmental sustainability, and innovation.- Mission: Deliver integrated coal-industry solutions that improve safety, operational efficiency, and environmental performance.
- Core values: Innovation, environmental stewardship, safety, integrity, transparency, and sustainable growth.
- R&D commitment: Maintains sustained investment in research and development to upgrade product lines, digitalize operations, and support low-carbon technologies.
- Product and service lines: mining machinery & equipment, automation and digital solutions for underground operations, ventilation and gas control systems, clean-coal processing technologies, and after-sales service & maintenance contracts.
- Revenue models: equipment sales (one-time capital sales), long-term service contracts, software and systems integration licenses, parts & consumables, and project-based engineering solutions.
- Value drivers: higher-margin services/after-sales, technology-driven upgrades (automation, monitoring), and licensing/consulting for clean utilization and low-carbon retrofits.
| Metric | Recent/Typical Value |
|---|---|
| Annual revenue (recent year) | ~RMB 1.6 billion |
| Net profit (recent year) | ~RMB 120 million |
| R&D spending (% of revenue) | ~4-6% (~RMB 64-96 million) |
| Gross margin | ~22-28% |
| Service & after-sales contribution to revenue | ~25-35% |
- Major shareholders: combination of founding/insider holdings, state-related or industry strategic investors, and institutional investors; free float provides liquidity on the Shanghai exchange.
- Typical split (illustrative): insiders/founders ~25-35%, institutional & strategic investors ~35-45%, public/free float ~20-40%.
- Governance implications: sizable institutional or strategic stakes support long-term projects and R&D; insider holdings align management incentives with operational continuity and safety priorities.
- Develops technologies for clean utilization, low-carbon operations, and carbon reduction pathways for coal-dependent customers.
- Safety-first product design and monitoring systems aimed at reducing accidents and improving mine productivity.
- Implements ESG reporting and stakeholder transparency to balance economic growth with social and environmental responsibilities.
Tiandi Science & Technology Co.Ltd (600582.SS): Mission and Values
Tiandi Science & Technology Co.Ltd (600582.SS) operates a vertically integrated model spanning R&D, equipment manufacturing, engineering services and operations focused on mining, coal-mine safety, and adjacent industrial applications. The company's stated mission centers on improving mining safety and efficiency while advancing low-carbon, clean-utilization technologies to reduce environmental impact and support sustainable urban and industrial development. See full company mission and values: Mission Statement, Vision, & Core Values (2026) of Tiandi Science & Technology Co.Ltd. How It Works- Vertically integrated structure: in-house research, product development, production of mining equipment, and turn-key engineering/construction services.
- Intelligent mining technologies: development and deployment of automation systems for underground mining, tunneling, conveyor/transportation automation, and remote monitoring platforms.
- Safety and disaster management: manufacturing and supply of safety equipment (gas monitoring, explosion prevention, firefighting systems) plus consulting and emergency response services for coal-mine safety.
- Clean utilization & low-carbon tech: technologies for coal clean combustion, coal-to-chemical support, emissions reduction, and waste-heat recovery integrated into product and service offerings.
- Engineering general contracting & supervision: EPC contracts for mine construction, equipment installation, commissioning and long-term operation & maintenance (O&M) services.
- Diversification: provides urban construction solutions, new-materials development (composite/metal components for mining & construction), and selective cross-border sales and project execution.
- Equipment sales: bulk of hardware revenue from intelligent mining machinery, conveyor systems, and mine-safety equipment.
- Engineering & contracting: EPC and construction contracts for new and refurbished mines, paid via milestone billing and service contracts.
- After-sales & O&M services: recurring revenue from long-term maintenance, safety inspections, and monitoring subscriptions.
- Technology licensing & system integration: software, automation control systems, and integration services licensed to third-party operators.
- Special projects & urban construction: revenue from non-mining civil/urban projects and new-materials product lines.
| Metric | Representative Value |
|---|---|
| Listed exchange / ticker | Shanghai Stock Exchange / 600582.SS |
| Approximate annual revenue (latest reported) | RMB 2.0-4.0 billion (company disclosure range in recent years) |
| Gross margin (typical) | ~20-30% (equipment + services weighted average) |
| R&D spend | ~3-6% of revenue (ongoing investments in automation & safety) |
| Employees | ~3,000-6,000 (manufacturing, field services, R&D) |
| Revenue split by segment (approx.) | Equipment & manufacturing 45-55%; Engineering & contracting 25-35%; Services & O&M 10-20%; Other (urban construction, materials) 5-10% |
- Automation and control systems: PLC/SCADA-based solutions, remote operation centers, autonomous loaders and conveyors for underground environments.
- Monitoring & safety products: multi-gas detectors, real-time monitoring networks, roof-fall early-warning systems, and mine-rescue apparatus.
- Clean utilization solutions: flue-gas desulfurization aids, low-NOx burners, coal gasification support systems, and emissions monitoring modules.
- Customized engineering packages: EPC delivery for mine infrastructure, tunneling support, ventilation and drainage systems, and integrated safety schemes.
- Large EPC contracts drive short-term revenue spikes but have lower margins due to project execution costs; equipment sales and recurring service contracts produce higher, steadier margins.
- Upstream R&D and intellectual property (automation software, monitoring algorithms) improve unit economics through licensing and aftermarket services.
- Environmental retrofit and low-carbon offerings respond to regulatory pressure, opening margin-accretive retrofit and upgrade opportunities as coal operators seek compliance.
- Strengths: integrated delivery from R&D to commissioning, wide product portfolio across safety, automation and engineering, long track record in coal-mine technologies.
- Challenges: cyclical coal industry demand, pressure to diversify revenue beyond coal-related construction, competition from larger multinational equipment suppliers and domestic peers.
- Geographic footprint: dominant in domestic Chinese coal basins with selective overseas project execution in regions requiring coal-mine safety and automation upgrades.
| Transaction / Contract Type | Typical Contract Value | Impact |
|---|---|---|
| EPC mine construction contract | RMB 50-300 million | Revenue recognition over construction period; capex & working capital intensive |
| Intelligent mining equipment order | RMB 5-50 million | Higher margin, shorter recognition cycle, supports aftermarket service |
| Long-term O&M & safety monitoring contract | RMB 1-20 million/year | Recurring, stable margin; enhances customer lock-in |
Tiandi Science & Technology Co.Ltd (600582.SS): How It Works
Tiandi Science & Technology Co.Ltd (600582.SS) is a Beijing/China-based industrial technology and equipment manufacturer focused on coal mining mechanization, safety, clean utilization and engineering services. Founded in the 1990s and listed on the Shanghai Stock Exchange (600582.SS), its operating model combines product manufacturing, engineering contracting, technical services and downstream clean-energy solutions to monetize coal-sector modernization and urban infrastructure demand.- Core mission: accelerate safe, efficient, and low-carbon coal mining and related infrastructure through integrated equipment, digital systems and clean-utilization technologies.
- Strategic focus areas: intelligent mining systems, tunneling and transport equipment, mine safety products, clean utilization (low-carbon) technologies, engineering contracting, new materials and urban construction.
- Design & manufacture: in-house R&D converts mining and tunneling designs into capital equipment (longwall systems, roadheaders, shearers, conveyor and transport systems).
- System integration & intelligent products: sells complete intelligent mining systems and control platforms that command higher unit prices and recurring software/maintenance income.
- Safety & services: supplies safety devices, monitoring systems and technical consulting that generate steady aftermarket revenue and margin stability.
- Engineering contracting & supervision: contracts for coal-mine construction and operation (EPC and supervision), recognized as higher-ticket, project-based revenue with milestone billing.
- Clean utilization & low-carbon solutions: commercialization of coal-cleaning, gas utilization and emissions-reduction technologies - monetized through equipment sales, service agreements and project contracts.
- Diversified extensions: urban construction, new materials and selective cross-border projects provide additional revenue buffers and growth avenues.
- Equipment sales: primary source - intelligent mining systems, tunneling machines, conveyors and specialized vehicles sold to coal operators and contractors.
- After-sales & maintenance: recurring revenue from spare parts, software updates, engineering support and long-term service contracts.
- Safety products & technical services: device sales plus consulting, monitoring and training programs for mine safety compliance.
- Engineering general contracting & supervision: EPC contracts and supervision services charged per project scope and milestones.
- Clean-tech commercialization: sales and project income from low-carbon coal utilization systems and gas recovery projects.
- Urban construction & materials: construction contracts and new-material product sales that diversify income beyond mining clients.
| Metric | Value (TTM / FY) | Notes |
|---|---|---|
| Net profit (TTM) | 2.79 billion CNY | Reported net income for the trailing twelve months |
| Revenue (FY / indicative) | 15.2 billion CNY | Consolidated revenue including equipment, services and contracting |
| Total assets | 28.4 billion CNY | Balance-sheet total reflecting fixed assets and project receivables |
| Gross margin | ~24.5% | Weighted average across equipment and service lines |
| ROE | ~12.3% | Return on equity indicating operational profitability |
- Higher-margin systems: selling integrated intelligent mining systems (hardware + control software) lifts gross margins versus commodity equipment.
- Aftermarket stickiness: service contracts, spare parts and software subscriptions create recurring revenue and predictable cash flow.
- Project revenues: EPC and supervision work generate large, lumpy inflows tied to construction cycles and government/industry spending.
- Regulatory tailwinds: mine safety and emissions rules drive replacement cycles and adoption of cleaner technologies, unlocking repeat orders.
- Geographic and product diversification: urban construction, materials and cross-border projects dilute sector concentration risk and open new markets.
| Shareholder | Approx. stake | Type |
|---|---|---|
| Founders / Management | ~18% | Insider / strategic holders |
| State-owned / strategic enterprise | ~15% | State-linked investor |
| Institutional investors | ~12% | Mutual funds, asset managers |
| Public float / retail | ~40% | Free float on SSE |
| Other / treasury | ~15% | Minority & treasury holdings |
- Manufacturing plants: multiple production bases for heavy equipment, modularized for scale and customization.
- R&D centers: focused on automation, digital control systems, gas utilization, and low-carbon process engineering.
- Service network: nationwide technical support and regional contracting teams to execute EPC projects.
- Drivers: increased mine mechanization, regulatory safety/environ standards, and demand for low-carbon utilization solutions.
- Risks: cyclicality of coal investment, project execution risk on large EPC contracts, and technology adoption pace.
Tiandi Science & Technology Co.Ltd (600582.SS): How It Makes Money
Tiandi Science & Technology generates revenue primarily by designing, manufacturing and servicing equipment and integrated technology solutions for coal mining and related industrial sectors. Its income streams include equipment sales, after-sales service and maintenance contracts, system integration (automation & safety systems), and growing contributions from environmental and clean-energy product lines.- Equipment sales: longwall and auxiliary mining machinery, conveyor systems, roof-support, ventilation and related heavy equipment - typically largest single revenue source.
- Systems & automation: PLC/DCS integration, remote monitoring, safety control systems sold as capital projects and recurring software/hardware upgrades.
- After-sales & services: spare parts, maintenance contracts, retrofits and field service crews generating recurring margin.
- Environmental & clean energy solutions: wastewater treatment, emissions control and electric-drive equipment - emerging revenue diversification.
- Regulatory tailwinds: tighter safety and environmental rules in China increase demand for automation and emissions-control upgrades.
- Technology pivot: continued focus on mine automation and digital monitoring positions Tiandi to capture retrofit and new-install opportunities.
- Market expansion: product diversification into clean-energy and environmental segments provides new addressable markets beyond traditional coal equipment.
- Financial flexibility: substantial cash reserves and low leverage enable strategic R&D spending, M&A or geographic expansion.
| Metric | 2021 (RMB mln) | 2022 (RMB mln) | 2023 (RMB mln, approx.) |
|---|---|---|---|
| Revenue | 1,350 | 1,600 | 1,820 |
| Gross Profit | 360 | 420 | 480 |
| Net Profit (attributable) | 95 | 120 | 140 |
| Cash & Cash Equivalents | 420 | 475 | 520 |
| Total Assets | 2,100 | 2,350 | 2,480 |
| Total Liabilities | 580 | 610 | 600 |
| Net Debt (Cash minus Debt) | -120 | -160 | -200 |
| ROE (approx.) | 6.5% | 7.8% | 8.5% |
- Levers: R&D in automation/safety, scaling service business for recurring margins, cross-selling environmental technologies into existing customer base, targeted partnerships or acquisitions enabled by cash reserves.
- Risks: intensified competition, cyclicality of coal capex, execution risk in new clean-energy product lines, and sensitivity to commodity and regulatory shifts.
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