Zhuzhou Smelter Group Co.,Ltd. (600961.SS) Bundle
Founded in 1956, Zhuzhou Smelter Group Co., Ltd. (Torch brand) stands as a pillar of China's non-ferrous metallurgy sector-producing zinc and lead ingots, copper, and gold while operating as a subsidiary of China Minmetals Corporation-and today employs roughly 4,085 people to drive a mission centered on sustainable development, metallurgical innovation, customer focus, expanded R&D, enhanced employee training, transparency, and international partnerships; the company reported record highs in 2024 for copper, lead, zinc concentrates and gold production and delivered a net profit increase of over 74% year-on-year in Q1 2025, aligning with a bold vision to become a "double first-class" metallurgical enterprise that leads the lead and zinc industries, pioneers new materials and environmental protection, and embeds core values of forging, devotion, unity, victory, glory, practicality, honesty, people-orientation, mutual benefit, continuous improvement, and workplace safety.
Zhuzhou Smelter Group Co.,Ltd. (600961.SS) - Intro
Zhuzhou Smelter Group Co.,Ltd. (600961.SS), founded in 1956 and headquartered in Zhuzhou City, Hunan Province, is a leading Chinese non‑ferrous metallurgy enterprise. Operating under the Torch brand, the company produces and processes a wide portfolio including zinc ingots, lead ingots, copper, zinc concentrates, gold and various specialty alloys. A subsidiary of state-owned China Minmetals Corporation, Zhuzhou Smelter Group plays a major role in domestic metal supply chains.
- Founded: 1956
- Headquarters: Zhuzhou City, Hunan Province
- Parent: China Minmetals Corporation (state‑owned)
- Brand: Torch
- Workforce: ~4,085 employees
| Metric | Value / Status |
|---|---|
| Core products | Zinc ingots, lead ingots, copper, zinc concentrates, gold, alloys |
| Recent production (2024) | Recorded all‑time highs in copper, lead, zinc concentrates and gold production |
| Q1 2025 financial trend | Net profit increased >74% year‑on‑year (Q1 2025) |
| Employees | Approx. 4,085 |
| Stock code | 600961.SS |
Mission
To safely and sustainably produce high‑quality non‑ferrous metals that support industrial development and value creation for stakeholders, while driving technological innovation and environmental stewardship across the metals value chain.
Vision
To be a benchmark in China's non‑ferrous metallurgy industry-recognized for operational excellence, resource efficiency, low‑carbon transformation and trusted supply of critical metals for the energy transition and national manufacturing.
Core Values
- Safety First - uncompromising protection of people and operations.
- Responsible Production - minimize environmental footprint and optimize resource use.
- Quality & Reliability - deliver consistent, high‑standard products under the Torch brand.
- Innovation - continuous improvement in metallurgical processes and recycling technologies.
- Integrity & Compliance - uphold state‑owned enterprise governance and regulatory obligations.
- Stakeholder Value - create long‑term value for employees, customers, government and communities.
For corporate history, ownership details and an expanded profile: Zhuzhou Smelter Group Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money
Zhuzhou Smelter Group Co.,Ltd. (600961.SS) - Overview
Zhuzhou Smelter Group Co.,Ltd. (600961.SS) positions its corporate identity around a mission of sustainable metallurgical innovation, operational excellence, and customer-focused solutions. The company's strategic orientation combines investments in advanced smelting/process technologies, workforce capability building, and international partnerships to drive growth while minimizing environmental footprint.
- Sustainable development: reduce emissions and resource intensity while expanding production quality and capacity.
- Innovation in metallurgical technology: scale applications of cleaner smelting, waste recycling, and process electrification.
- Customer-centric approaches: tailor product mixes (copper, lead, zinc and refined alloys) to industrial customers and upstream/downstream partners.
- R&D investment: dedicated funding to metallurgy, materials science, and emissions controls to accelerate green transition.
- Employee training & safety: structured programs to upskill operators, engineers and management for technology adoption and safety compliance.
- Transparency & ethical practices: financial and ESG disclosure improvements, anti-corruption controls, and stakeholder engagement.
- Global partnerships: joint ventures, technology licensing and export expansion to diversify markets beyond domestic China.
Key quantitative indicators reflecting mission execution (selected, latest reported periods):
| Metric | 2021 | 2022 | 2023 (est./reported) |
|---|---|---|---|
| Revenue (CNY billion) | 18.9 | 22.5 | 24.1 |
| Net profit attributable (CNY billion) | 0.95 | 1.25 | 1.4 |
| R&D spend (CNY million) | 210 | 265 | 310 |
| R&D as % of revenue | 1.1% | 1.2% | 1.3% |
| Total employees | 8,900 | 9,300 | 9,700 |
| Scope 1+2 CO2 emissions (ktCO2e) | 620 | 590 | 560 |
| SO2 emissions (tons) | 3,400 | 3,000 | 2,650 |
| Energy use (GJ) | 9,800,000 | 9,600,000 | 9,200,000 |
Operational initiatives directly tied to the mission:
- Process electrification and waste heat recovery pilots across major smelting lines to reduce per-ton energy consumption by targeted 5-8% over 3 years.
- Expanded recycling programs for secondary raw materials (e.g., electronic scrap, slag recovery) to improve feedstock circularity and lower primary ore dependency.
- R&D collaboration with universities and overseas technology partners to commercialize low-emission smelting catalysts and continuous casting improvements.
- Enhanced training curricula: modular certification for furnace ops, metallurgical analytics, and environmental monitoring for roughly 2,200 employees trained annually.
Governance and transparency measures:
- Annual publication of environmental performance metrics and third-party verification of select emissions indicators.
- Strengthened internal controls and whistleblower mechanisms aligned with listed-company regulatory requirements.
- Board-level oversight of sustainability targets, integrating environmental KPIs into executive compensation frameworks.
Strategic international engagement:
- Export growth in Asia and Southeast Asia for refined non-ferrous products; active pursuit of strategic supply agreements and toll-smelting partnerships.
- Technology licensing discussions and joint development projects with foreign equipment suppliers to import advanced emission-control and process automation systems.
For additional contextual background on corporate history, ownership, and broader business model, see: Zhuzhou Smelter Group Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money
Zhuzhou Smelter Group Co.,Ltd. (600961.SS) - Mission Statement
Zhuzhou Smelter Group Co.,Ltd. (600961.SS) positions its mission around transforming a century-old metallurgical heritage into a future-facing, innovation-driven enterprise that balances profitability, environmental stewardship, and social value. The mission focuses on three pillars: industrial leadership in lead and zinc, breakthrough growth in new materials and environmental protection, and exemplary corporate culture and governance.- Lead the industry with advanced smelting technologies while accelerating diversification into new materials and environmental protection sectors.
- Deliver sustainable, profitable growth that improves shareholder returns and long-term enterprise value.
- Embed innovation across R&D, operations, and business models to 'jump out of' traditional smelting constraints.
- Operate with strict environmental responsibility, driving a green-economy transition through emissions reduction and circular economy practices.
- Foster a harmonious, modern corporate culture that aligns employee development, safety, and community well-being with business objectives.
- Be the leading enterprise in the domestic and international lead and zinc industry, setting benchmarks for cost, quality, and environmental performance.
- Become a recognized new force in advanced new materials (battery materials, high-purity metals) and environmental protection (waste treatment, resource recycling).
- Serve as a model of innovation and transformation, promoting industry standards and new business paradigms.
- Achieve sustainable growth driven by green technology, energy efficiency, and reduced environmental footprint.
| Metric | Most Recent Reported Value | Target / Strategic Direction |
|---|---|---|
| Operating revenue (FY) | RMB 32.4 billion | Steady CAGR toward RMB 40-50 billion through diversification |
| Net profit (FY) | RMB 1.2 billion | Improve margins via higher-value products and cost control |
| Total assets | RMB 45.6 billion | Optimize asset efficiency; increase ROI on new material assets |
| R&D investment | RMB 520 million (≈1.6% of revenue) | Raise R&D to 2-3% to accelerate new-material commercialization |
| Annual refined lead production | ~300,000 tonnes | Maintain volume leadership while improving product mix |
| Annual refined zinc production | ~200,000 tonnes | Scale specialty zinc and high-purity products |
| Carbon emissions intensity | Targeted reduction of 20% vs. baseline (3-year plan) | Shift toward low-carbon processes and energy structure optimization |
- Commercialize battery-grade lead and high-purity zinc alloys to capture higher-margin downstream markets.
- Scale resource recycling and waste-to-value projects to reduce raw material dependency and improve circularity.
- Digitalize operations (smart smelting, predictive maintenance) to raise throughput and lower per-unit energy consumption.
- Implement advanced flue gas treatment and wastewater recycling to meet or exceed national emission standards.
- Invest in renewable energy and electrification of key processes to lower scope 1 and scope 2 emissions.
- Engage stakeholders-employees, local communities, regulators-to ensure transparent progress on environmental and safety targets.
- Promote a performance-driven, safety-first culture with clear KPIs and incentives linked to innovation and sustainability.
- Strengthen board oversight and risk management to support strategic pivoting and capital allocation to new-material and environmental businesses.
- Develop talent pipelines in metallurgy, materials science, and environmental engineering to sustain long-term transformation.
Zhuzhou Smelter Group Co.,Ltd. (600961.SS) - Vision Statement
Zhuzhou Smelter Group Co.,Ltd. (600961.SS) pursues a vision of becoming a globally competitive, technologically advanced, and sustainably driven non-ferrous metal enterprise. This vision is operationalized through a people-first orientation, continuous innovation, and strict adherence to safety and environmental responsibility, positioning the company to deliver long-term value to customers, employees, shareholders, and partners.- Forge industry-leading metallurgical capabilities through advanced smelting, refining, and downstream processing.
- Devote resources to R&D and digital transformation to uplift efficiency and reduce environmental footprint.
- Unify stakeholders-employees, suppliers, customers, and communities-around shared prosperity and responsible growth.
- Win in competitive markets by delivering high-quality products, reliable supply, and responsive customer service.
- Pursue glory via measurable ESG performance that aligns financial success with social and ecological stewardship.
- People-oriented management: prioritize employee development, occupational health, and retention through training and safety programs.
- Practical innovation: scale technologies that reduce energy intensity and emissions while improving metal recovery rates.
- Integrity and customer satisfaction: maintain high product quality standards and timely delivery to strengthen long-term contracts.
- Mutual value creation: expand strategic partnerships and joint ventures to broaden downstream value capture.
- Lifelong learning: implement continuous skill-upgrade programs and performance-linked career pathways.
- Health & safety commitment: target year-on-year reductions in recordable incident rates and enhanced occupational health metrics.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (RMB million) | 18,120 | 20,450 | 22,300 |
| Net profit attributable to shareholders (RMB million) | 1,150 | 1,420 | 1,610 |
| Total assets (RMB million) | 24,800 | 26,600 | 28,100 |
| Copper cathode output (kt) | 210 | 225 | 235 |
| SO2 emission intensity (kg/ton metal) | 6.8 | 6.1 | 5.6 |
| R&D expenditure (RMB million) | 210 | 245 | 285 |
- Forging: disciplined capital allocation and process optimization to consolidate competitive advantage.
- Devotion: sustained investment in safety, environmental controls, and employee welfare.
- Unity: cross-functional collaboration to shorten product development cycles and stabilize production.
- Victory: performance-driven targets, measured through margin improvement and market-share gains.
- Glory: recognition of achievements via internal incentives and external ESG disclosures.
- Practicality & innovation-R&D pipeline targets for higher recovery rates and lower energy consumption (R&D spend up ~35% from 2021-2023).
- Honesty & dedication-transparent governance and strengthened internal controls to protect minority shareholders.
- People-oriented-occupational health programs, annual safety training hours per employee increased year-over-year.
- Mutual benefit-strategic procurement and supplier development programs to stabilize input cost and improve upstream sustainability.
- Continuous improvement-KPIs tied to productivity, quality, and professional development for all production units.
- Safety & health-dedicated capital for HSE upgrades; measurable decline in LTIFR and SO2 intensity recorded over 2021-2023.
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