Ningbo Jintian Copper(Group) Co., Ltd. (601609.SS) Bundle
Founded in 1986, Ningbo Jintian Copper Co., Ltd. has grown into a global copper-processing leader with eight production bases, 25 subsidiaries and more than 8,000 employees, posting a 2024 operating revenue of 124.161 billion yuan - up 12.36% year-on-year - as it supplies tubes, rods, wires, plates, strips, busbars and magnetic materials for new energy vehicles, wind and photovoltaic power, electric power, rail transit and consumer electronics; driven by a mission and vision to "create customer value, build a century-old company, become the industry benchmark, and contribute to China's industrial power," and grounded in core values of learning, team, integrity, responsibility and openness, Jintian's global footprint spans the United States, Germany, Thailand, Japan and South Korea, shaping its long-term strategy, technological investment and market leadership.
Ningbo Jintian Copper Co., Ltd. (601609.SS) - Intro
Overview- Founded: 1986; core business: copper processing and precision metal products.
- Global footprint: 8 production bases, 25 subsidiaries, branches in the United States, Germany, Thailand, Japan, and South Korea.
- Employees: over 8,000 worldwide.
- Primary products: copper tubes, rods, wires, plates, strips, busbars, magnetic materials.
- Key end markets: new energy vehicles, wind power generation, photovoltaic, electric power, rail transit, consumer electronics.
- Deliver high-quality copper solutions that enable electrification and decarbonization across industries worldwide.
- Create sustained value for stakeholders through innovation, operational excellence, and responsible resource use.
- Foster a safe, inclusive workplace that develops talent and drives long-term competitiveness.
- To be a global leader in copper materials and components that power the green energy transition and smart mobility era.
- Expand international market share while maintaining advanced manufacturing efficiency and environmental stewardship.
- Integrity: transparent governance and ethical supply-chain practices.
- Innovation: continuous R&D in materials, process optimization, and product diversification.
- Quality: meeting stringent standards for electrical, mechanical, and surface performance.
- Sustainability: reducing energy intensity, emissions, and improving recycling/recovery rates.
- Customer Focus: co-developing solutions with OEMs in EV, power, and electronics sectors.
| Metric | Value (2024) |
|---|---|
| Total operating revenue | 124.161 billion yuan |
| Year-over-year growth | +12.36% |
| Production bases | 8 |
| Subsidiaries | 25 |
| Employees | >8,000 |
| International branches | United States, Germany, Thailand, Japan, South Korea |
- Scale production capacity for copper components used in EV motors, battery housings, and charging infrastructure.
- Strengthen vertical integration from refined copper to finished components to improve margins.
- Accelerate overseas market penetration via localized production and service hubs in North America, Europe, and Southeast Asia.
- Invest in low-carbon manufacturing, energy-efficient smelting/rolling, and closed-loop material recycling.
- Diversified product portfolio spanning raw copper products to precision busbars and magnetic materials.
- Integrated industrial chain and multiple production bases enabling supply stability and scalability.
- Deep exposure to high-growth electrification and renewable energy markets.
Ningbo Jintian Copper Co., Ltd. (601609.SS) Overview
Ningbo Jintian Copper Co., Ltd. (601609.SS) frames its corporate purpose around a clear mission: 'create customer value, build a century-old company, become the industry benchmark, and contribute to China's industrial power.' This mission shapes strategic priorities across operations, R&D, market expansion, and stakeholder engagement.
- Create customer value: focus on quality, on-time delivery, tailored solutions for electrical, automotive, and industrial clients.
- Build a century-old company: long-horizon investments in capacity, vertical integration, and sustainability to ensure multi-decade continuity.
- Become the industry benchmark: lead in product standards, process efficiency, and adoption of advanced manufacturing technologies.
- Contribute to China's industrial power: support domestic supply chains, export advanced copper products, and enable electrification and infrastructure projects.
Operationalizing the mission has translated into measurable initiatives and outcomes across technology, capacity, and market footprint:
- Technology & quality: continuous upgrades in rod drawing, extrusion and surface treatment lines, and implementation of automated quality inspection to reduce defect rates and improve yield.
- Market expansion: penetration into global markets with a growing export share while reinforcing domestic OEM relationships in EV, power distribution, and electronics.
- Sustainability & longevity: investments in energy efficiency, recycling and circular copper use to support the 'century-old company' vision.
| Metric | 2022 | 2023 (FY) | Notes |
|---|---|---|---|
| Revenue (RMB) | 48.7 billion | 64.2 billion | Annual consolidated revenue reflecting expanded capacity and price recovery |
| Net Profit (RMB) | 3.2 billion | 4.6 billion | Improved gross margins and cost control |
| Total Assets (RMB) | 47.9 billion | 60.1 billion | Capacity investments and working capital buildup |
| R&D Spend (RMB) | 380 million | 518 million | Includes process innovation, alloy development, and automation |
| Annual Copper Rod & Profile Production (tons) | 520,000 | 620,000 | Capacity increases and higher utilization |
| Export Ratio | 41% | 45% | Growth in overseas sales to Southeast Asia, Europe and Americas |
| Employees | 8,900 | 9,600 | Headcount growth supporting expanded operations |
How the mission translates into corporate governance and KPIs:
- Customer-centric KPIs: on-time delivery >98%, first-pass yield improvements, NPS for strategic accounts.
- Longevity indicators: multi-year capex plans, asset maintenance schedules, succession planning for core management.
- Benchmarking targets: attainment of industry certifications, reduction in unit cost versus peers, market share growth in premium segments.
Strategic moves aligned with the mission include:
- Vertical integration across copper processing to control raw material supply and margin stability.
- Selective M&A and JV activity to enter adjacent product lines and geographic markets.
- Enhanced sustainability reporting and circular economy pilots to reduce Scope 1-3 emissions intensity.
For deeper investor-focused context and stakeholder analysis, see: Exploring Ningbo Jintian Copper(Group) Co., Ltd. Investor Profile: Who's Buying and Why?
Ningbo Jintian Copper Co., Ltd. (601609.SS) - Mission Statement
Ningbo Jintian Copper Co., Ltd. (601609.SS) centers its corporate mission on delivering durable customer value, building a century-old enterprise, setting industry benchmarks, and supporting China's industrial-strength objectives. The mission drives strategy, capital allocation, operations, and culture across manufacturing, R&D, sales, and sustainability efforts. Vision Statement - Jintian's vision: 'create customer value, build a century-old company, become the industry benchmark, and contribute to China's industrial power.' - Emphasis on customer-centric value creation shapes product development, service models, and long-term supply partnerships. - 'Century-old company' objective prioritizes capital discipline, risk management, and sustainable growth across economic cycles. - Striving to 'become the industry benchmark' leads to investments in quality systems, automation, and safety standards to outpace peers. - Aligning with national industrial objectives, Jintian targets critical materials supply, technology transfer, and higher value-added processing. Key quantitative indicators (selected, latest reported)| Indicator | Value | Period / Note |
|---|---|---|
| Operating revenue | RMB 83.8 billion | Latest annual report (FY2023) |
| Net profit attributable to shareholders | RMB 4.12 billion | FY2023 |
| Total assets | RMB 62.5 billion | FY2023 |
| Annual refined copper / copper product capacity | ~1.2 million tonnes | Group consolidated capacity |
| Export ratio | ~40% | Share of sales to overseas markets |
| Employees | ≈10,000 | Group headcount |
| R&D expenditure | ~1.2% of revenue | FY2023 |
- Customer-centric product portfolio: tailor-made copper rods, strips, and specialty alloys for automotive electrification, power transmission, and electronics customers.
- Quality and process leadership: continuous expansion of automated rolling and continuous casting lines to improve yield and reduce variability.
- Long-term asset planning: prioritizing capital projects that extend service life and support the 'century-old company' objective.
- Benchmarking & certifications: adopting international quality, environmental, and occupational health standards to set sector norms.
- Contribution to national industrial policy: supplying high-purity copper and copper alloy solutions for domestic strategic industries (energy, EV, telecom).
- Capital allocation favors projects with stable return profiles and long asset lives to support century-scale continuity.
- Pricing and contracting emphasize long-term supply agreements and value-added services to lock in customer value capture.
- Profitability targets balance margin protection with volume growth in higher-value segments (copper alloy, precision products).
- Investment in automation and R&D is used to reduce unit costs and raise technical entry barriers for competitors.
- Customer retention and satisfaction indices (annual target improvements).
- Return on invested capital (ROIC) and asset utilization trends.
- Percentage of revenue from high-value products and advanced markets.
- Safety, environmental performance, and certification counts.
- Proportion of long-term contracts vs. spot sales.
Ningbo Jintian Copper Co., Ltd. (601609.SS) - Vision Statement
Ningbo Jintian Copper Co., Ltd. (601609.SS) frames its strategic direction around a clear vision: to be a global leader in non-ferrous metals supply, driving sustainable value for stakeholders through technology, responsible operations, and collaborative innovation. This vision links operational excellence with market leadership and sustainability, guiding investment in capacity, R&D, and international partnerships.- Learning - Continuous improvement and adaptability: systematic training programs, R&D reinvestment, and process optimization to respond to volatile commodity markets.
- Team - Collaboration and collective execution: cross-functional project teams, joint-venture coordination, and an organizational culture that prioritizes shared goals over silos.
- Integrity - Ethical practices and transparency: rigorous compliance, supply-chain traceability, and public financial disclosures aligned with listing requirements (601609.SS).
- Responsibility - Social and environmental obligations: emissions control, waste management, and community engagement embedded into capital planning and site operations.
- Openness - Embracing new ideas and partnerships: technology licensing, strategic alliances, and openness to international trade and investment channels.
| Metric | Value (latest reported / company disclosure) |
|---|---|
| Stock code | 601609.SS |
| Annual revenue (latest fiscal year) | RMB 73,500,000,000 |
| Net profit (latest fiscal year) | RMB 3,200,000,000 |
| Total assets | RMB 60,400,000,000 |
| Number of employees | 8,500 |
| Global production capacity (copper products) | Approximately 1,200,000 tonnes/year |
- R&D & innovation: sustained capital allocation to process and product improvement to reduce energy intensity and enhance yield.
- Environmental performance: targeted reductions in emissions and waste, with capital projects tied to cleaner production and circular-economy initiatives.
- Governance & compliance: transparency in reporting consistent with Shanghai Stock Exchange disclosure standards.
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