Breaking Down Shanghai Highly (Group) Co., Ltd. Financial Health: Key Insights for Investors

Founded in 1954, Shanghai Highly (Group) Co., Ltd. (600619.SS) has grown into a global leader in core components for white goods and new energy vehicles-operating across more than 12 countries and regions with a workforce of roughly 14,000, nearly 40 manufacturing bases and over 20 R&D centers worldwide; serving upwards of 200 million users in 165 countries and regions, Highly pairs its mission to "improve lifestyles and protect environments" with a service promise-"Highly compressor, cooling and heating throughout your life"-while pursuing a vision to lead automotive thermal management, advocate green mobility and expand global specialization, all driven by core values of Innovation, Endeavor, Open-mindedness and Shared-growth that prioritize sustainable technological advancement and customer-centered execution.

Shanghai Highly Co., Ltd. (600619.SS) - Intro

• To lead sustainable thermal and motion solutions through continuous innovation, delivering reliable, energy-efficient products that improve daily life and accelerate electrification in mobility.

• To be the world's preferred partner for compressors, thermal management systems and HVAC solutions - recognized for cutting-edge technology, global manufacturing excellence and measurable environmental stewardship.

• Innovation: persistent investment in R&D to drive material, component and system-level breakthroughs.
• Quality & Reliability: zero-compromise manufacturing and testing practices across nearly 40 production sites.
• Customer-centricity: designing scalable solutions for OEMs across white goods, HVAC and new-energy vehicle sectors.
• Sustainability: reducing energy consumption and greenhouse gas footprint across product lifecycles.
• Global Collaboration: integrating multi-country engineering and manufacturing teams for speed-to-market.

• Scale EV thermal-management content per vehicle via partnerships with global OEMs and tier-1 suppliers.
• Expand low-GWP refrigerant-compatible compressor platforms and energy-efficient HVAC modules for residential and commercial markets.
• Increase R&D intensity across electrification, materials science (lightweighting) and system efficiency (heat-pump advances).
• Grow manufacturing localization to shorten supply chains and meet regional demand elasticity.

• Prioritizing product energy-efficiency improvements and life-cycle emissions reduction through design and materials selection.
• Governance aligned to listed-company disclosure norms (600619.SS) with growing emphasis on ESG reporting and cross-border compliance.

Shanghai Highly Co., Ltd. (600619.SS) - Overview

• Mission: "Improve lifestyles and protect environments" - positioning HVAC solutions as contributors to urban comfort, energy efficiency and environmental protection.
• Technical ambition: "Expert in heating and cooling technology" - R&D-driven growth to lead in compressors, heat pumps and system integration.
• Service philosophy: "Highly compressor, cooling and heating throughout your life" - a lifetime-service framing that guides after-sales, spare parts and end-user support.
• Strategic focus: Professionalized sustainable development and technological advancement in the HVAC industry, with specialization and international industry layout to drive long-term growth.

• Product innovation and R&D investment to maintain leadership in compressor and heat-pump technologies.
• Energy- and emissions-reduction programs in manufacturing and product lifecycles to support environmental commitments.
• Service extension and channel development to increase lifetime customer value and brand loyalty.
• Export and international footprint expansion consistent with a specialized international industry layout.

• Quality-first manufacturing standards and long-term customer-service frameworks reflecting a longstanding industry presence.
• R&D-led product roadmaps and cross-functional teams to accelerate technology adoption and efficiency improvements.
• Compliance and ESG integration into strategy, supplier management and product-design specifications.

Shanghai Highly Co., Ltd. (600619.SS) - Mission Statement

• Core mission: design, manufacture, and supply heat exchangers, condensers, evaporators, and integrated thermal modules tailored for ICE, hybrid, and pure electric vehicles.
• Sustainability mission: reduce vehicle energy consumption and emissions through higher-efficiency thermal systems and adoption of low-GWP refrigerants.
• Customer mission: partner with OEMs and tier‑1 suppliers to deliver scalable, cost-competitive modules for global platforms.

• Leadership focus: attain market leadership in key thermal components (radiators, condensers, EV battery thermal modules) through product performance and scale.
• Green mobility: prioritize designs that lower HVAC and battery cooling energy draw to extend EV range and reduce lifecycle CO2.
• Comfort and safety: integrate cabin climate solutions and thermal safety features to enhance passenger experience.
• Internationalization: expand production footprint and customer base across Asia, Europe, and the Americas to diversify revenue and capture global OEM programs.

• Product mix target: progressive increase in revenue share from EV/battery thermal products as electrification accelerates.
• R&D intensity: sustained investment to shorten development cycles and meet OEM qualification timelines.
• Capacity scaling: phased plant buildouts and automation investments to serve global platform volumes and achieve cost targets.

• New facilities and capacity - capital projects prioritized to support high-volume EV programs and reduce per-unit cost through scale.
• Emerging market expansion - targeted sales and engineering presence in growth markets to capture electrification demand.
• Product diversification - modular platform approach enabling rapid variant development for ICE, hybrid, and BEV applications.

Shanghai Highly Co., Ltd. (600619.SS) - Vision Statement

• Innovation: cultivate new ideas, approaches, and processes to maintain product and service differentiation.
• Endeavor: pursue efficient execution, continuously try harder, and outperform industry peers.
• Open-mindedness: encourage timely, effective communication; respect differences; enable argumentation that sparks new ideas.
• Shared-growth: act agilely around customer needs, share internal resources, and maximize collective benefits across stakeholders.

• Structured innovation pipeline - idea intake, rapid prototyping, and stage-gate reviews to accelerate new ideas into revenue-generating products.
• Performance metrics tied to execution - SLA-driven manufacturing targets, on-time delivery rates, and first-pass quality yield improvements.
• Communication norms - open forums, cross-departmental reviews, and dissent-friendly decision forums to surface better solutions.
• Customer-centric agility - dedicated account teams, flexible order fulfillment, and shared-resource playbooks to maximize customer value and internal efficiency.