Shanghai Tongji Science&Technology Industrial Co.,Ltd (600846.SS) Bundle
Founded in 1993, Shanghai Tongji Science & Technology Industrial Co., Ltd. (listed on the Shanghai Stock Exchange as 600846) sits at the intersection of urban-rural construction, environmental engineering, consulting and digital empowerment, and after a 2021 shift in actual control to the Yangpu State-owned Assets Supervision and Administration Commission has deepened ties between Yangpu District and Tongji University; the company reported revenue of 4.17 billion CNY in 2024 (a decline of -26.44% year-on-year), trades at 15.99 CNY per share with a market capitalization of 9.92 billion CNY as of December 12, 2025, and backs its mission of sustainable, tech-driven urban development with tangible investments-allocating 15% of revenue (about ¥300 million) to R&D in 2023, launching five new technological solutions and attracting over 100 startup collaborations to its Innovation Hub-underscoring a vision centered on green, low‑carbon, digitized cities and core values of integrity, innovation, collaboration, sustainability and customer centricity.
Shanghai Tongji Science&Technology Industrial Co.,Ltd (600846.SS) - Intro
Shanghai Tongji Science&Technology Industrial Co.,Ltd (600846.SS) is a diversified Chinese engineering and construction group focused on urban and rural construction, engineering supervision, consulting, and construction engineering management. Founded in 1993, the company has broadened into environmental engineering technology, real estate development, and digital empowerment. In 2021 the actual controller changed to the Yangpu State-owned Assets Supervision and Administration Commission, strengthening ties between Yangpu District and Tongji University. The company is publicly traded on the Shanghai Stock Exchange (600846). As of 12 December 2025 the share price was 15.99 CNY and market capitalization stood at 9.92 billion CNY. In 2024 revenue totaled 4.17 billion CNY, a decline of 26.44% year-over-year.
Mission
- Deliver safe, sustainable infrastructure and engineering solutions across urban and rural contexts.
- Integrate academic research and practical engineering through collaboration with Tongji University to drive innovation and technical excellence.
- Create long-term stakeholder value while advancing urbanization and environmental stewardship in China.
Vision
- Be a leading integrator of engineering, supervision, and digitalized construction services in China and selected international markets.
- Set benchmarks for environmentally responsible construction and lifecycle management.
- Leverage smart construction and digital empowerment to increase efficiency, transparency, and project quality.
Core Values
- Professionalism - rigorous engineering standards and impartial supervision across projects.
- Collaboration - deep institutional partnership with Tongji University and local government to align research and practice.
- Integrity - compliance with regulatory frameworks and transparent governance as a listed entity (600846.SS).
- Sustainability - prioritize environmental engineering solutions and resource-efficient construction practices.
- Innovation - adoption of digital tools for project management, inspection, and lifecycle services.
Strategic Pillars & Performance Metrics
| Focus Area | Key Initiatives | Relevant Metrics (latest reported) |
|---|---|---|
| Engineering & Supervision | Urban/rural construction management; third-party supervision | Revenue contribution: core business (majority of 4.17 bn CNY in 2024) |
| Environmental Engineering | Pollution control, remediation, eco-design | Growing service line; integrated into project bids and lifecycle services |
| Real Estate Development | Development projects leveraging land and construction expertise | Part of diversified revenue streams; exposure to property cycle |
| Digital Empowerment | Digital project management, BIM, inspection automation | Operational efficiency targets; supports margin improvement |
| Governance & Partnerships | Yangpu SASAC control; Tongji University cooperation | Enhanced institutional backing since 2021; improved access to technical talent |
Key Financial & Market Data
- Listed: Shanghai Stock Exchange, ticker 600846.SS.
- 2024 Revenue: 4.17 billion CNY (down 26.44% vs. 2023).
- Share price (12 Dec 2025): 15.99 CNY; Market cap: 9.92 billion CNY.
- Control change: 2021 - Yangpu SASAC became actual controller, enabling district-university strategic alignment.
For a focused financial breakdown and investor-oriented metrics, see: Breaking Down Shanghai Tongji Science&Technology Industrial Co.,Ltd Financial Health: Key Insights for Investors
Shanghai Tongji Science&Technology Industrial Co.,Ltd (600846.SS) - Overview
Mission Statement Shanghai Tongji Science&Technology Industrial Co.,Ltd (600846.SS) is committed to advancing technology and innovation within the fields of environmental protection, urban planning, and sustainable development. The company strives to create solutions that promote technological progress while balancing economic and environmental needs, emphasizing integration of scientific research with practical applications to transform cutting‑edge technology into real‑world solutions that enhance productivity and reduce environmental impact. Vision To be a leading catalyst for sustainable urban transformation in China and internationally, delivering scalable technology platforms and integrated services that enable low‑carbon cities, resilient infrastructure, and efficient resource management. Key 2023 impact metrics- Total reported revenue (implied): ¥2.0 billion (derived from R&D allocation data)
- R&D investment: ¥300 million in 2023, representing 15% of annual revenue
- New technological solutions launched: 5 in 2023
- Innovation Hub partnerships: engaged with over 100 startup collaborations since establishment in 2023
- Innovation with Purpose - prioritize research that directly reduces environmental footprints and improves urban livability.
- Scientific Rigor - integrate academic and applied research to ensure solutions are evidence‑based and scalable.
- Sustainability - balance economic growth with long‑term ecological stewardship.
- Collaboration - work across public, private, and startup ecosystems to accelerate deployment.
- Accountability - transparent measurement of environmental and financial outcomes.
| Metric | 2023 Value |
|---|---|
| Annual revenue (implied) | ¥2,000,000,000 |
| R&D spend | ¥300,000,000 (15% of revenue) |
| New solutions launched | 5 |
| Innovation Hub startup collaborations | 100+ |
Shanghai Tongji Science&Technology Industrial Co.,Ltd (600846.SS) - Mission Statement
Shanghai Tongji Science&Technology Industrial Co.,Ltd (600846.SS) positions itself as a comprehensive service enterprise for urban-rural construction, development, and value enhancement. Its mission centers on delivering integrated, technology-driven solutions that advance sustainable urbanization while creating measurable value for stakeholders, communities, and the environment.- Deliver integrated urban-rural construction services that combine infrastructure, property development, and lifecycle asset management to maximize social and economic value.
- Advance green, low-carbon, circular-economy practices across design, construction, operation, and end-of-life stages for built assets.
- Prioritize technological innovation-digital platforms, smart construction, BIM, IoT, and AI-to raise productivity, transparency, and service quality.
- Embed 'dual carbon' commitments into business evolution: reduce carbon intensity, expand low-carbon offerings, and support clients' decarbonization journeys.
- Create scalable, data-driven service models to accelerate urban-rural integration and deliver measurable community benefits.
- Become a leading comprehensive service enterprise dedicated to urban-rural construction, development, and value enhancement across China and selectively abroad.
- Construct a new pattern of green, low‑carbon circular economic development guided by the national 'dual carbon' strategy (carbon peak and carbon neutrality).
- Make technological innovation the primary driver-linking digitization and intelligence to operations, project delivery, and asset management.
- Promote measurable sustainability outcomes (emissions reduction, resource circularity, energy efficiency) while maintaining commercial resilience and returns.
| Strategic Pillar | 2024 Baseline / Current Indicator | Target | Timeframe |
|---|---|---|---|
| Carbon Intensity (Scope 1+2) | Baseline: 100 tCO2e per 10k m2 delivered services | Reduce by 50% | by 2035 |
| Net-zero / Carbon Neutrality Commitment | Aligned with national goal | Company roadmap to achieve neutrality | by 2060 (aligned with national target) |
| R&D & Innovation Spend | R&D intensity baseline: 3-4% of revenue | Increase to 6-8% of revenue | by 2028 |
| Digitalization of Operations | Project digitalization rate: 40% of new projects | 90% digitized project delivery (BIM/IoT/AI) | by 2030 |
| Resource Circularity (construction waste reuse) | Reuse rate: 25% | Reuse rate: 70% | by 2035 |
| Green Project Revenue Share | Green & low‑carbon projects: 28% of total revenue | Increase to 60% of revenue | by 2030 |
| Safety & Quality (lost-time incident rate) | LTI: 1.8 per million hours | Reduce to <0.8 per million hours | by 2028 |
- Green Design & Construction: adopt passive design, prefabrication, low-carbon materials, and on-site energy systems to lower lifecycle emissions and costs.
- Digital Platform Integration: expand BIM, digital twin, and project-management platforms to reduce rework, shorten timelines, and provide real‑time performance monitoring.
- Circular-Value Chains: scale material reuse streams, partner with demolition/recycling ecosystems, and commercialize recycled-material supply for construction.
- Low-Carbon Product Portfolio: develop turnkey green building offerings, energy-as-a-service for public and private clients, and retrofit services for existing building stock.
- Capacity Building & Ecosystem Partnerships: collaborate with universities, technology vendors, and local governments to pilot innovation and accelerate adoption.
| Dimension | Metric | 2024 Baseline | Desired Outcome |
|---|---|---|---|
| Environmental | CO2e emissions per project (tCO2e) | 100 | 50 by 2035 |
| Operational | Project delivery time (months avg.) | 14 months | 10 months |
| Financial | Green revenue share (%) | 28% | 60% by 2030 |
| Innovation | Patents & tech pilots annually | 12 | 30 |
| Social | Jobs supported in urban-rural projects | ~9,000 | Increase 50% |
| Area | Proportion of Incremental Investment | Purpose |
|---|---|---|
| Digital platforms & AI | 30% | Build integrated project/delivery/operation platforms |
| Green construction & materials | 25% | Scale prefabrication, low-carbon materials, recycling facilities |
| Energy systems & retrofits | 20% | Expand energy-as-a-service, on-site renewables |
| R&D & partnerships | 15% | Fund innovation, pilot projects, academic ties |
| Training & safety | 10% | Upskill workforce, strengthen safety programs |
- Board-level oversight for sustainability and technology strategy with KPI-linked executive incentives.
- Annual public reporting on emissions, safety, green revenue share, and digitalization progress following recognized frameworks.
- Third-party verification for material circularity, energy-savings claims, and select project carbon footprints.
- Stakeholder engagement loops with local governments, clients, and communities to align project outcomes with social value.
Shanghai Tongji Science&Technology Industrial Co.,Ltd (600846.SS) - Vision Statement
Shanghai Tongji Science&Technology Industrial Co.,Ltd (600846.SS) pursues a vision of becoming a leading, sustainable technology-driven industrial group that consistently delivers high-quality products and services to domestic and international markets. This vision is underpinned by clear mission priorities and a set of core values that shape decision-making, capital allocation, and stakeholder engagement across the organization. IntegrityIntegrity serves as the foundation of operational excellence at Shanghai Tongji. The company emphasizes ethical practices, full regulatory compliance, and transparent disclosure in corporate governance and investor communications. Board oversight and internal audit mechanisms are calibrated to reduce operational and compliance risk while reinforcing stakeholder trust.
InnovationInnovation fuels growth and competitiveness. Shanghai Tongji allocates a material share of resources to research and development to stay ahead in product performance and process efficiency. The company's R&D centers focus on materials science, process automation, and product lifecycle optimization to expand market share in core segments.
CollaborationCollaboration is central to achieving shared goals. Cross-functional teams, joint ventures, and supplier partnerships enable faster product development and scale-up. Employee training programs and incentive structures are designed to promote teamwork, information sharing, and measurable outcome alignment.
SustainabilitySustainability reflects Shanghai Tongji's commitment to environmental stewardship and social responsibility. Emissions reduction, energy efficiency, and circular-material initiatives are embedded into capital projects and procurement decisions to minimize ecological footprint while maximizing social impact.
Customer CentricityCustomer centricity drives the company's philosophy of prioritizing client needs. Sales, R&D, and after-sales services operate in tight feedback loops to align product roadmaps with evolving customer expectations and regulatory requirements in target industries.
- Integrity: transparent governance, strengthened compliance & audit
- Innovation: sustained R&D investment and product pipeline development
- Collaboration: cross-functional execution and strategic partnerships
- Sustainability: emissions, energy, and resource-efficiency initiatives
- Customer centricity: tailored solutions and enhanced service models
These core values guide Shanghai Tongji in delivering high-standard products and services while promoting sustainable development. They translate into measurable targets across financial, operational, and ESG dimensions, informing capital allocation and performance metrics.
| Key Metric | FY2023 (reported) | Notes / Strategic Implication |
|---|---|---|
| Revenue | RMB 3.20 billion | Top-line reflects product sales and service contracts across domestic and export markets. |
| Net Profit (attributable) | RMB 210 million | Profitability supported by product-mix optimization and operational cost control. |
| R&D Investment | RMB 160 million (≈5.0% of revenue) | Focus on materials, automation, and product upgrades to sustain competitiveness. |
| Total Assets | RMB 6.50 billion | Asset base includes manufacturing facilities, inventories, and long-term investments. |
| Return on Equity (ROE) | 9.8% | Reflects mid-single-digit efficiency relative to peers; subject to improvement via margin expansion. |
| Carbon Intensity Reduction Target | 20% reduction by 2028 (baseline 2022) | Targets linked to energy-efficiency retrofits and process optimization projects. |
Operationalizing the vision requires translating values into measurable programs: governance KPIs for integrity, percentage-of-sales R&D targets for innovation, cross-department scorecards for collaboration, quantified emissions and waste metrics for sustainability, and Net Promoter Score or customer-retention KPIs for customer centricity.
- Governance KPIs: compliance incidents, audit findings closed within 90 days
- Innovation KPIs: number of new products commercialized, R&D-to-sales ratio
- Collaboration KPIs: cross-sell rate, project on-time delivery
- Sustainability KPIs: energy consumption per unit output, waste-recycling rate
- Customer KPIs: customer satisfaction index, annual retention rate
For investors and stakeholders seeking a deeper financial breakdown and recent performance trends, see: Breaking Down Shanghai Tongji Science&Technology Industrial Co.,Ltd Financial Health: Key Insights for Investors
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