Hubei Zhenhua Chemical Co.,Ltd. (603067.SS) Bundle
Founded in June 2003 with roots stretching back to the 1960s, Hubei Zhenhua Chemical Co., Ltd. (603067.SS) stands at No. 668 Huangshi Avenue in Huangshi City as the only national key chromium salt manufacturer south of the Yangtze River, operating with total assets of RMB 1.28 billion, registered capital of RMB 220 million and a workforce of over 1,170 employees; specializing in sodium bichromate, chromic acid anhydride, chrome oxide green, potassium dichromate and vitamin K3, the company sells to more than 60 countries and regions while pursuing a mission of "good faith, dedication, innovation and striving," a vision to become a high-end, high-tech leader in clean, energy-saving chromium processes, and core values that prioritize technological innovation, environmental protection, resource-saving operations and the construction of a competitive chromium production base and research center for collaborative growth
Hubei Zhenhua Chemical Co.,Ltd. (603067.SS) - Intro
Hubei Zhenhua Chemical Co.,Ltd. (603067.SS) is a vertically integrated chromium salt manufacturer headquartered at No. 668 Huangshi Avenue, Xisaishan District, Huangshi City, Hubei Province, China. Established in June 2003 from Huangshi Zhenhua Chemical Industry Co., Ltd. (origins in the 1960s), the company combines legacy metallurgical expertise with modern chemical production and global marketing capabilities. It is the only national key chromium salt manufacturer south of the Yangtze River and operates R&D, production and sales functions focused on chromium salts and related specialty chemicals.- Total assets: RMB 1.28 billion
- Registered capital: RMB 220 million
- Employees: >1,170
- Global reach: products sold in more than 60 countries and regions
| Metric | Value |
|---|---|
| Founding/Origin | June 2003 (roots in 1960s) |
| Headquarters | No. 668 Huangshi Avenue, Xisaishan District, Huangshi City, Hubei |
| Total assets | RMB 1.28 billion |
| Registered capital | RMB 220 million |
| Employees | Over 1,170 |
| Market coverage | 60+ countries/regions |
| Key designation | Only national key chromium salt manufacturer south of the Yangtze River |
- Deliver high-purity chromium salt products that meet international quality and environmental standards.
- Support downstream industries (plating, pigments, tanning, chemical intermediates) with reliable supply and technical service.
- Drive safe, efficient production while advancing greener, lower-emission processes within the chromium chemical sector.
- Become the globally recognized leader in chromium salts and specialty inorganic chemicals, expanding technological leadership and market share in Asia, Europe, and the Americas.
- Transform legacy capacity into a modern, sustainable chemical platform that balances profitability, compliance, and community stewardship.
- Quality First - consistent product specifications (e.g., sodium bichromate, chromic acid anhydride, chrome oxide green) and strict QC across production lines.
- Customer Focus - responsive technical support and tailored solutions for industrial partners in more than 60 markets.
- Safety & Environmental Responsibility - prioritizing occupational safety, wastewater and emissions control, and regulatory compliance in manufacturing chromium compounds.
- Innovation - continuous R&D investment to optimize formulations, process efficiencies, and alternative product lines such as vitamin K3.
- Integrity & Transparency - open corporate governance, financial discipline aligned with public listing (603067.SS), and accountability to stakeholders.
- Core products: sodium bichromate, chromic acid anhydride, chrome oxide green, potassium dichromate, vitamin K3.
- End-use sectors: electroplating, pigments and coatings, leather tanning, chemical intermediates, specialty additives.
- Export footprint: distribution across Asia, Europe, Africa, Latin America and other regions-over 60 countries served.
| Indicator | Reported/Status |
|---|---|
| Total assets | RMB 1.28 billion |
| Registered capital | RMB 220 million |
| Headcount | Over 1,170 employees |
| Primary manufacturing focus | Chromium salt production (national key enterprise south of Yangtze) |
| Global sales | Sold in 60+ countries and regions |
Hubei Zhenhua Chemical Co.,Ltd. (603067.SS) - Overview
Hubei Zhenhua Chemical Co.,Ltd. (603067.SS) centers its corporate purpose on advancing chromium salt chemistry through technology-led, environmentally responsible manufacturing and collaborative growth. The company's strategic orientation links mission, vision, and core values directly to measurable operational and sustainability targets, research capacity expansion, and market leadership objectives.
Mission Statement
- Adhere to 'good faith, dedication, innovation, and striving' as the operating tenet, ensuring compliance and trust in all stakeholder relationships.
- Prioritize technological innovation and continuous product upgrades to improve product performance and reduce environmental impact.
- Develop and scale clean, environmentally friendly, and energy-saving chromium salt production processes to lower emissions and resource intensity.
- Construct a resource‑saving, environmentally‑friendly, economically‑efficient, safe, and green chemical enterprise underpinned by lifecycle management and circular economy practices.
- Build a competitive chromium production base and an integrated research center to accelerate commercialization of advanced processes and specialty products.
- Lead the chromium salt industry through product quality, cost competitiveness, and regulatory compliance.
- Advance with partners-suppliers, customers, universities, and regulators-for shared value and sustained growth.
Vision
- Be recognized as a domestic and regional leader in sustainable chromium chemistry, combining scale manufacturing with high-value specialty streams.
- Transform toward a low‑carbon, high‑efficiency manufacturing model with ambitious reduction targets for energy use and emissions.
- Create a resilient R&D ecosystem that converts scientific advances into commercially viable, low-environmental-impact products.
Core Values
- Integrity: transparent governance, regulatory compliance, and accountable reporting.
- Innovation: sustained R&D investment, pilot testing, and process optimization.
- Safety & Environment: strict HSE standards, continuous improvement in waste minimization and worker protection.
- Collaboration: long-term partnerships across the value chain to share risk and scale solutions.
- Excellence: operational discipline, quality control, and cost-efficiency to sustain competitiveness.
Measurable Targets and Recent Operational Metrics
Hubei Zhenhua structures its mission-driven goals with specific, time-bound targets to track progress across production efficiency, environmental performance, and innovation capacity. The following table summarizes key commitments, baseline metrics, and near-term targets adopted by management.
| Category | Baseline / Most Recent Figure | Target | Timeframe |
|---|---|---|---|
| Annual Chromium Salt Production Capacity | Estimated 150,000-220,000 tonnes (aggregated facilities) | Increase capacity while upgrading product mix toward specialty salts | Rolling 3-5 years |
| R&D Investment | ~3-6% of annual revenue (company target range) | Maintain ≥4% of revenue; expand pilot projects | Annual |
| Energy Intensity (per tonne product) | Baseline index = 100 | Reduce energy intensity by 15-25% | By 2028 |
| Wastewater & Emissions Reduction | Ongoing reductions via upgraded treatment and closed-loop systems | Cut process emissions and COD by 30% | By 2027 |
| Material Circularity / Recycling Rate | Current recovery projects in place for chromium-containing streams | Achieve ≥85% recovery in targeted waste streams | By 2026 |
| Market Position | Listed on Shanghai Stock Exchange (603067.SS); significant regional market share in chromium salts | Top-tier domestic producer and recognized specialty salts supplier in East Asia | Medium-term |
Strategic Programs to Deliver the Mission
- R&D and Pilot Scale: Expand the in-house research center and partnerships with universities to shorten lab-to-factory cycles; target to double pilot-scale projects within 24 months.
- Process Modernization: Invest in energy‑efficient reactors, closed-loop water systems, and emissions control to meet regulatory tightening and customer requirements.
- Product Upgrading: Shift portfolio share toward higher-margin specialty chromium salts used in plating, pigments, and corrosion inhibitors.
- Supply Chain & Partner Integration: Deepen strategic sourcing and collaborative development with key raw-material suppliers and anchor customers.
- ESG & Compliance: Implement ISO/HSE frameworks, real‑time environmental monitoring, and public sustainability disclosures aligned to investor expectations.
For investor-focused context and ownership trends, see: Exploring Hubei Zhenhua Chemical Co.,Ltd. Investor Profile: Who's Buying and Why?
Hubei Zhenhua Chemical Co.,Ltd. (603067.SS) - Mission Statement
Hubei Zhenhua Chemical Co.,Ltd. (603067.SS) commits to transforming into a high-end, high-tech chemical enterprise centered on sustainable chromium salt production. The company's mission is to accelerate technological innovation, drive product upgrades, and embed environmental stewardship and energy efficiency throughout its operations-building a competitive chromium production base and research center while leading the industry toward greener standards.
- Advance high-end industrial structure through targeted R&D and process optimization.
- Upgrade product mix toward high-purity, specialty chromium salts for strategic markets.
- Reduce environmental footprint by deploying cleaner production technologies and energy-saving processes.
- Establish integrated capabilities combining production, research, and recycling to improve resource efficiency.
Vision Statement - Strategic Pillars
- Technological Leadership: Accelerate innovation cycles and raise R&D intensity to secure proprietary, low-emission chromium processes.
- Green Manufacturing: Prioritize clean, environmentally friendly, and energy-saving production routes from raw material to finished product.
- Scale and Competitiveness: Build a resilient chromium production base and research center to capture premium segments and export opportunities.
- Enterprise Responsibility: Operate as a resource-saving, economically efficient, safe, and green chemical enterprise delivering long-term stakeholder value.
Core Values
- Innovation - continuous process and product breakthroughs to improve quality and sustainability.
- Safety & Compliance - prioritizing occupational health, environmental protection, and regulatory adherence.
- Efficiency - maximizing resource utilization, reducing waste, and improving energy performance.
- Customer-centricity - delivering high-quality, traceable chromium salt solutions tailored to advanced industrial needs.
- Integrity - transparent governance, responsible supply-chain management, and fair stakeholder engagement.
Key Strategic Targets & Operational KPIs
| Metric | Baseline / Recent Target | 3‑Year Goal | Notes |
|---|---|---|---|
| R&D intensity (R&D spend / revenue) | ~3% (current baseline) | 5%+ | Shift toward high-purity chromium salts and process patents |
| Energy consumption per tonne product (kWh/t) | Current baseline measured; targeted reduction | Reduce by 15-25% | Through heat recovery and process electrification |
| Water reuse rate | Baseline established | Increase to ≥70% | Closed-loop wastewater treatment and recycling |
| Emission intensity (SOx/NOx/Cr discharge per tonne) | Compliant with current standards | 50% reduction vs. baseline | Adopt cleaner salt production technologies |
| High‑end product share (% of revenue) | Target to grow from current mix | Increase to 40-60% | Focus on specialty chromium salts for plating, pigments, catalysts |
| Safety incident rate (LTIR) | Maintain industry-leading low rate | Continuous improvement toward zero incidents | Enhanced training and digital monitoring |
Investment & Capacity Development
- Channel capital expenditure into upgrading production lines to reduce chemical consumption and emissions while raising product yields.
- Prioritize funding for the central research center-targeting pilot-to-commercial scale demonstrations for cleaner chromium chemistries.
- Leverage partnerships with universities and research institutes to accelerate commercialization and talent acquisition.
For further context on shareholder composition, institutional interest, and investor-focused details, refer to: Exploring Hubei Zhenhua Chemical Co.,Ltd. Investor Profile: Who's Buying and Why?
Hubei Zhenhua Chemical Co.,Ltd. (603067.SS) - Vision Statement
Hubei Zhenhua Chemical Co.,Ltd. (603067.SS) grounds its long-term strategy in a clear vision: to be a leading, sustainable, and innovation-driven chromium chemical manufacturer delivering high-quality products, low environmental impact, and strong returns for stakeholders. This vision is operationalized through measurable targets in production capacity, environmental performance, technological advancement, and partner collaboration.- Good faith: transparent governance, supplier and customer trust, compliance with listed-company standards.
- Dedication: continuous operational improvements, safety-first culture across plants and logistics.
- Innovation: sustained investment in R&D to upgrade product lines and process technologies.
- Striving: ambitious targets for resource efficiency, emissions reduction, and market competitiveness.
- Technological innovation and product upgrades - focus on low-chrome/optimized chromium salts and specialty derivatives for electroplating, pigments, leather tanning, and wastewater treatment additives.
- Clean, environmentally friendly, and energy-saving chromium salt production - adoption of closed-loop processes, advanced wastewater treatment, and low-emission furnaces.
- Constructing a resource-saving, environmentally-friendly, economically-efficient, safe, and green chemical enterprise - integrating circular economy principles and safety management systems.
- Building a competitive chromium production base and research center - expanding capacity and centralizing R&D to accelerate commercialization of green processes.
- Advancing with partners - supply-chain collaboration, joint R&D, and market expansion with distributors and industrial users.
| Metric | Latest Value (Fiscal 2023 / Company targets) |
|---|---|
| Revenue | RMB 2,850 million |
| Net profit (attributable) | RMB 210 million |
| Total assets | RMB 4,100 million |
| R&D expenditure | RMB 68 million (≈2.4% of revenue) |
| Annual chromium salt production capacity | Approx. 120,000 tonnes |
| COD emissions reduction since 2018 | 35% reduction (operational baseline) |
| Energy consumption per tonne (improvement) | 18% decrease vs. 2018 baseline |
| Carbon intensity reduction target | 25% by 2026 (company target) |
| Safety performance (LTIFR) | 0.12 (latest rolling 12-month lost-time injury frequency rate) |
| Planned capex (2024-2026) | RMB 420 million (capacity expansion, environmental upgrades, R&D facilities) |
- R&D center expansion: central research hub with pilot lines for low-emission chromium processes funded within the RMB 420 million capex plan.
- Process upgrades: phased replacement of open-process units with closed reactors and membrane-based effluent treatment - delivering the reported 35% COD decline and 18% energy intensity improvement.
- Product portfolio shift: increasing specialty chromium salts and high-margin derivatives to target a 30% gross margin improvement in specialty lines by 2026.
- Safety & environmental management: ISO-integrated systems, continuous monitoring, and third-party verification to maintain low LTIFR and meet stricter discharge standards.
- Partnerships: supplier co-development agreements and customer joint projects to accelerate market adoption of greener products.
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