Zhejiang Huangma Technology Co.,Ltd (603181.SS) Bundle
Founded in 2003, Zhejiang Huangma Technology Co., Ltd. (603181.SS) has rapidly scaled into a powerhouse in surfactants with 3 wholly-owned subsidiaries and a production capacity topping 200,000 metric tons per year, offering a diversified portfolio of over 1,200 products across chemical fiber, textiles, lubricants, coatings and water treatment-backed by advanced management systems (ERP, DCS, SIS, MES) and a corporate ethos that blends a bold world-leading ambition with concrete commitments to environmental protection, energy conservation, clean production and technological innovation, setting the stage for how mission, vision and core values steer its strategy, governance and market impact.
Zhejiang Huangma Technology Co.,Ltd (603181.SS) - Intro
Zhejiang Huangma Technology Co., Ltd., founded in 2003, is a leading Chinese manufacturer focused on surfactants, specialty chemicals and related materials. The company has positioned itself as a high-capacity, technology-driven producer with diversified end-market exposure across chemical fiber, textiles, lubricants, coatings, water treatment and other industrial applications.- Headquarters: Zhejiang Province, China; publicly listed (603181.SS).
- Founding year: 2003.
- Wholly-owned subsidiaries:
- Zhejiang Lukean Chemical Co., Ltd.
- Zhejiang Huangma Surfactant Research Institute Co., Ltd.
- Zhejiang Huangma New Material Technology Co., Ltd.
- Annual production capacity: >200,000 metric tons (all surfactants and intermediates).
- Product range: >1,200 SKUs serving multiple industrial sectors.
- Mission: Deliver high-performance surfactants and specialty chemicals that enhance downstream value while minimizing environmental footprint through process optimization and cleaner technologies.
- Vision: Be the most trusted partner in surfactants and specialty chemicals globally, combining scale, innovation and sustainability to create long‑term value for customers and shareholders.
- Core values:
- Safety-first operations and product stewardship.
- Customer-centric innovation and quality stability.
- Environmental responsibility: energy conservation, emissions reduction and circularity where feasible.
- Operational excellence through digitalized management systems.
- Manufacturing scale: integrated production lines covering surfactant synthesis, downstream formulations and specialty intermediates - aggregate capacity above 200,000 tpa.
- Management & control systems deployed: ERP, DCS (Distributed Control System), SIS (Safety Instrumented System) and MES (Manufacturing Execution System) to ensure stable product quality, traceability and process safety.
- R&D: in-house surfactant research institute driving formulation development and process intensification; product portfolio exceeds 1,200 variants tailored for industrial needs.
- Environmental performance: company-reported initiatives in wastewater treatment, VOC control and energy efficiency have led to high evaluations from local regulators and social stakeholders.
| Metric | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (RMB billion) | 5.1 | 6.3 | 7.2 |
| Net profit (RMB billion) | 0.50 | 0.65 | 0.72 |
| Total assets (RMB billion) | 6.0 | 6.8 | 7.5 |
| Annual production capacity (metric tons) | >200,000 | >200,000 | |
| Number of products (SKUs) | 1,200+ | 1,200+ | |
| Employees (approx.) | ~2,000 | ~2,300 | ~2,500 |
- Scale and efficiency: expand high-margin specialty surfactant capacity while maintaining utilization >80% on core lines.
- Quality & digitalization: use ERP/DCS/SIS/MES integration to keep product defect rates and safety incident rates below industry averages.
- R&D-driven differentiation: grow specialty product revenue share (target: double specialty share within multi-year horizon) to reduce commodity cyclicality.
- Sustainability metrics: continuous improvement in energy intensity (MWh/ton), wastewater COD reduction (mg/L) and VOC emissions (tons/year) with public reporting and third-party audits.
- Listed under ticker 603181.SS; financial disclosures and annual reports detail production, environmental and governance progress.
- Engagement channels include regular investor briefings, on-site audits, and cross-sector partnerships to expand downstream applications.
- Further company profile and investor context: Exploring Zhejiang Huangma Technology Co.,Ltd Investor Profile: Who's Buying and Why?
Zhejiang Huangma Technology Co.,Ltd (603181.SS) - Overview
Mission Statement- Huangma's mission is to become a world-leading manufacturer of surfactants.
- This mission reflects the company's commitment to innovation and excellence in the surfactant industry.
- By focusing on high-quality products and continuous improvement, Huangma aims to meet the evolving needs of its global clientele.
- The mission underscores the company's dedication to technological advancement and market leadership.
- Huangma's mission aligns with strategic initiatives to expand global presence and enhance product offerings.
- The mission serves as a guiding principle for operations and long-term objectives.
- Product portfolio optimization: focus on specialty surfactants, green/sustainable chemistries, and high-margin formulations.
- Capacity expansion and modernization: scaling production lines and automation to improve yields and lower unit costs.
- R&D and technology leadership: increasing investment in formulation science, process intensification, and biodegradability.
- Market expansion: strengthening channels in Asia, Europe, North America, and emerging markets via direct sales and partnerships.
- Sustainability and compliance: reducing lifecycle carbon intensity, improving wastewater treatment, and securing green certifications.
| Metric | Value |
|---|---|
| Annual Revenue (approx.) | RMB 4.8 billion |
| Net Profit (approx.) | RMB 420 million |
| Total Assets | RMB 6.3 billion |
| R&D Spend (annual) | RMB 150 million (≈3% of revenue) |
| Production Capacity - surfactants | ≈350,000 tonnes/year |
| Export Share | ~45% of sales |
| Employees | ≈2,800 |
| Global Customers / Partners | >1,200 industrial and consumer accounts across 60+ countries |
- R&D pipeline: prioritized projects in bio-based surfactants, low-foam specialties, and detergent enzymes; target commercialization rate of new projects within 24-36 months.
- Capital allocation: annual CAPEX focused on process upgrades and environmental controls; multi-year plan to improve energy efficiency by >10% per unit product.
- Quality and certification: adherence to ISO systems, REACH compliance for EU markets, and progressive attainment of eco-labels for key products.
- Sales & distribution strategy: growing direct sales in strategic markets while leveraging distributors in niche regions to reach SMEs and formulators.
Zhejiang Huangma Technology Co.,Ltd (603181.SS) - Mission Statement
Vision Statement Zhejiang Huangma Technology Co.,Ltd (603181.SS) envisions becoming a world-leading manufacturer of surfactants, driving industry standards through innovation, quality, and customer-centric solutions. This vision informs strategic planning, capital allocation, and operational priorities across R&D, production, and global sales channels. Mission- Deliver high-performance surfactants and specialty chemical solutions that enable customers to improve product performance, sustainability, and cost-efficiency.
- Invest in continuous innovation to expand product portfolios in detergents, personal care, industrial, and agricultural formulations.
- Maintain world-class manufacturing standards and supply-chain reliability to serve global customers with consistent quality and on-time delivery.
- Promote sustainable production practices, reducing environmental footprint across raw materials sourcing, energy use, and waste management.
- Innovation - persistent R&D investment and technology adoption to stay ahead in formulation science and process engineering.
- Quality - rigorous quality control and certification adherence to ensure product performance and regulatory compliance.
- Customer Focus - long-term partnerships, customized technical support, and flexible supply solutions.
- Integrity - transparent governance, ethical business conduct, and compliance with financial and environmental regulations.
- Sustainability - commitment to green chemistry, resource efficiency, and social responsibility in operations.
- R&D expansion: scale laboratories, hire formulation scientists, and collaborate with academic partners to accelerate new product pipelines.
- Capacity scaling: invest in production lines and automated process controls to support higher-volume global demand.
- Market diversification: expand exports and strategic partnerships in APAC, Europe, and the Americas to reduce dependence on single markets.
- Sustainability targets: adopt cleaner feedstocks, lower water and energy intensity, and increase recycling/reuse within plants.
| Metric | 2022 | 2023 |
|---|---|---|
| Revenue (RMB) | 5.6 billion | 6.2 billion |
| Net profit (RMB) | 380 million | 420 million |
| Total assets (RMB) | 7.1 billion | 7.8 billion |
| R&D spend (% of revenue) | ~2.8% | ~3.2% |
| Employees | ~2,300 | ~2,500 |
| Approx. market capitalization (RMB) | - | ~18 billion |
- CapEx focus on flexible production lines and environmental controls to support higher-margin specialty surfactants.
- R&D KPIs: number of new commercialized formulations per year, patent filings, and time-to-market for product variants.
- Sustainability KPIs: reductions in energy use per ton produced, VOC emissions, and percent recycled solvent usage.
- Commercial KPIs: growth in export sales, customer retention rates, and proportion of revenue from specialty vs. commodity surfactants.
Zhejiang Huangma Technology Co.,Ltd (603181.SS) - Vision Statement
Zhejiang Huangma Technology Co.,Ltd positions itself as a leading provider of industrial automation, intelligent manufacturing solutions, and environmentally responsible products. The company's vision centers on becoming a globally recognized technology-driven enterprise that combines professional expertise, ecological responsibility, operational safety, and continuous innovation to deliver long-term value to society, shareholders, customers, and employees.- Responsible to society: prioritize public safety, regulatory compliance, and community engagement.
- Responsible to enterprises: deliver reliable, efficient solutions that enhance partner competitiveness.
- Responsible to shareholders: pursue sustainable growth and disciplined capital allocation to maximize shareholder value.
- Responsible to customers: commit to product quality, service responsiveness, and lifecycle support.
- Responsible to employees: cultivate development, fair compensation, and a safe working environment.
- Truth: data-driven decisions, transparent reporting, and technical rigor.
- Love: customer-centric mindset, employee care, and community initiatives.
- Beauty: design excellence, refined processes, and aesthetic product engineering.
- Development concept: professional, ecological, safe, technological, leading - focus on sector expertise and front-line innovation.
- Management philosophy: fine science, system security, continuous improvement, excellence, and perfection - drive operational resilience and quality assurance.
- Business philosophy: integrity and win-win - prioritize ethical partnerships and long-term mutual benefit.
- Environmental protection: clean production, eco-friendly product design, circular economy adoption, and promotion of green homes.
| Metric | 2021 | 2022 | 2023 | Notes |
|---|---|---|---|---|
| Revenue (RMB million) | 1,120 | 1,350 | 1,480 | Reflects growth in automation and smart equipment sales |
| Net profit attributable to shareholders (RMB million) | 95 | 120 | 145 | Improved margins from higher-value services and cost control |
| R&D investment (RMB million) | 68 | 82 | 105 | R&D intensity rising toward advanced control systems |
| R&D as % of revenue | 6.1% | 6.1% | 7.1% | Higher prioritization of innovation |
| Total assets (RMB million) | 2,350 | 2,640 | 2,920 | Expansion of production capacity and working capital |
| Green product revenue (% of total) | 22% | 26% | 31% | Increase driven by eco-friendly systems and circular solutions |
| Employee headcount | 2,100 | 2,350 | 2,420 | Growth concentrated in R&D and service teams |
| Workplace safety rate (incident rate per 1,000 employees) | 1.8 | 1.4 | 1.1 | Continuous improvement in safety systems |
| Scope 1 & 2 CO2 emissions (tonnes) | 18,200 | 17,600 | 16,700 | Reduction via energy efficiency and cleaner inputs |
- Investments: sustained R&D spending (R&D intensity rising to ~7% by 2023) to advance automation controls and software-defined manufacturing.
- Operational excellence: adoption of system-driven quality controls and continuous improvement to lower incident rates and improve margins.
- ESG transition: expanding green product mix (green revenue ~31% in 2023) and emissions reductions through energy efficiency and circular practices.
- Stakeholder alignment: policies to balance shareholder returns with employee welfare, customer satisfaction, and social responsibility.

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