Breaking Down Zhejiang Weiming Environment Protection Co., Ltd. Financial Health: Key Insights for Investors

Founded in 1999 and listed on the Shanghai Stock Exchange since 2015, Zhejiang Weiming Environment Protection Co., Ltd. has grown into a leading environmental service provider with over 1,500 employees, reporting RMB 1.25 billion in revenue and RMB 120 million net profit in 2022-numbers that underscore its expanding footprint across waste treatment, air and water management, and new energy materials; with certifications like ISO 9001, ISO 14001 and OHSAS 18001, an annual R&D investment of about 8% of revenue (≈RMB 70 million) and plans to commit over RMB 50 million to future innovation, Weiming's mission to balance economic growth and ecological safety is manifest in tangible achievements such as a 2023 Hangzhou recycling facility processing 200,000 tons annually with recovery rates above 85%, a stated aim to capture 15% domestic market share and grow revenue ~20% annually, targets to cut carbon emissions by 30% in five years and to sustain core values-integrity, innovation (allocating ~15% of revenues to R&D initiatives), collaboration, customer-centricity (95% satisfaction in 2022) and sustainability (a 25% emissions reduction vs. 2020)-that drive its vision of becoming a global supplier in environmental protection.

Zhejiang Weiming Environment Protection Co., Ltd. (603568.SS) - Intro

• Founded: 1999
• Shanghai Stock Exchange listing: 2015 (603568.SS)
• Employees: >1,500 (2022)
• 2022 Revenue: RMB 1.25 billion
• 2022 Net Profit: RMB 120 million
• 2023 Hangzhou recycling capacity: 200,000 tons/year; >85% material recovery
• Certifications: ISO 9001, ISO 14001, OHSAS 18001

• Provide end-to-end waste treatment and resource recovery solutions
• Advance air and water quality management through data-driven operations
• Drive renewable energy integration across operations and client projects

• Environmental Stewardship - prioritize measurable reductions in pollution and resource use
• Innovation - continual investment in technology, process optimization, and new energy materials
• Integrity - transparent governance, regulatory compliance, and safety-first operations
• Customer Focus - tailored solutions for municipal, industrial, and commercial clients
• Sustainability & Shared Value - align business growth with community and ecosystem benefits

• Scale Recycling & Recovery: leverage the Hangzhou facility to expand annual processing toward 300,000 tons within 3-5 years while maintaining ≥85% recovery rates
• Margin & Profitability: target mid-single-digit organic revenue growth and incremental margin improvement via equipment manufacturing synergies
• R&D & New Energy Materials: allocate capex to accelerate commercialization of advanced materials and reduce reliance on commodity inputs
• Compliance & Certifications: maintain and expand ISO/OHSAS certifications and strengthen EHS performance metrics

Zhejiang Weiming Environment Protection Co., Ltd. (603568.SS) - Overview

• Mission: Deliver industry-leading environmental technologies and services that ensure ecological safety and efficient resource utilization.
• Strategic focus: Innovation-driven sustainable solutions for wastewater and solid-waste treatment, circular-economy practices, and pollution control.
• R&D emphasis: Strengthening core technologies and product upgrades to reduce environmental impact while improving operational efficiency for customers and municipalities.

• Smart tech: IoT sensors, cloud analytics, AI process control, and predictive maintenance for treatment plants.
• Environmental impact: Notable gains in energy efficiency and lifecycle emissions reduction from retrofits and new installations.
• Service model: Turnkey engineering, O&M contracts, and performance-based service agreements with municipal and industrial clients.

• Government engagement: Participant in provincial and municipal environmental upgrade programs and national pollution-control campaigns.
• Project footprint: Dozens of municipal treatment upgrades and industrial wastewater systems delivered or under construction across eastern and central China.
• CSR & recognition: Awards and certifications tied to environmental performance, quality management, and social responsibility.

Zhejiang Weiming Environment Protection Co., Ltd. (603568.SS) - Mission Statement

• Deliver industry-leading water, air and waste treatment technologies tailored for municipal and industrial clients.
• Prioritize sustainability in product design, manufacturing and lifecycle services to minimize environmental footprint.
• Drive customer-centric solutions with rapid response, after-sales support and continuous improvement.

Vision Statement

• Achieve a 15% market share in the domestic environmental protection sector.
• Target international expansion with projected annual revenue growth of 20%.
• Invest over RMB 50 million annually in research and development, launching at least five new products each year.
• Implement smart manufacturing solutions to improve production efficiency and quality.
• Reduce carbon emissions by 30% over the next five years through eco-friendly materials and improved waste management.
• Allocate RMB 10 million to employee skill development, aiming to increase employee satisfaction by 25% within two years.
• Reach a customer satisfaction rate of 90% via enhanced feedback mechanisms and a 15% improvement in customer support infrastructure by 2024.

Core Values

• Innovation - continuous R&D investment and deployment of smart manufacturing to stay at the technology frontier.
• Sustainability - measurable emissions reductions, circular-material adoption, and lifecycle responsibility.
• Customer Focus - high-touch service, rapid response, and a 90% target satisfaction rate.
• Integrity - transparent governance, regulatory compliance and ethical supply-chain practices.
• People-First - investment in talent and training with targeted RMB 10 million allocation for skill development.

Targets, Investments and Metrics (Planned / Target)

For a deeper look at the company's background and how it generates revenue, see Zhejiang Weiming Environment Protection Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

Zhejiang Weiming Environment Protection Co., Ltd. (603568.SS) - Vision Statement

• Integrity - foundational to all decisions, with governance frameworks, third‑party audits, and transparent reporting to stakeholders.
• Innovation - continuous investment in R&D to commercialize higher-efficiency treatment technologies and digital monitoring platforms.
• Collaboration - strategic partnerships with government bodies, NGOs, and academic institutions to accelerate policy-aligned solutions.
• Customer-Centricity - tailoring solutions and service models to client operational needs, supported by a 95% reported customer satisfaction rate in 2022.
• Sustainability - committing to measurable emission reductions, resource recovery, and lifecycle thinking in project design.

• R&D intensity - ~15% of revenue (≈RMB 480 million in 2023) focused on next-generation membranes, biological treatment optimization, and digital process controls.
• Governance & Integrity - regular disclosures, internal compliance functions, and third-party verification of environmental metrics.
• Partnerships - joint programs with provincial environmental bureaus and NGOs for pilot projects and community engagement.
• Customer outcomes - service-level agreements and performance guarantees supporting a 95% satisfaction rate in 2022.
• Emissions trajectory - a 25% reduction in carbon emissions vs. 2020, driven by energy-efficient upgrades and increased use of recovered resources.

• Annual sustainability report with verified emissions and resource-recovery metrics.
• Targeted R&D pipeline milestones tied to 15% revenue allocation each year.
• Customer satisfaction monitoring with service-improvement action plans to sustain >90% satisfaction.