Shanghai Putailai New Energy Technology Co.,Ltd. (603659.SS) Bundle
Founded in November 2012 and listed in 2017, Shanghai Putailai New Energy Technology Co., Ltd. (603659.SS) is rapidly positioning itself as a cornerstone of the lithium‑ion battery supply chain by focusing on anode materials, separators, coatings and automation equipment, driven by a mission to deliver green, safe and efficient energy storage solutions and a vision to be a world‑leading supplier and comprehensive automation partner in Asia and beyond; despite a 2024 revenue of ¥13.45 billion (down 12.33% from ¥15.34 billion in 2023), PTL sustains heavy investment in innovation-allocating 7.5% of revenue to R&D (about ¥150 million in 2022)-employs roughly 10,331 people, has cut carbon emissions by 15% through efficiency and renewables while targeting carbon neutrality by 2030, and upholds core values of integrity, collaboration, enterprising spirit and innovation that underpin a 0.5% product defect rate and industry recognition such as the Chinese Outstanding Energy Storage Company Award and the Outstanding Environmental Protection Company Award.
Shanghai Putailai New Energy Technology Co.,Ltd. (603659.SS) - Intro
Shanghai Putailai New Energy Technology Co.,Ltd. (603659.SS) was established in November 2012 and listed on the Shanghai Stock Exchange in November 2017. PTL develops and sells materials and automation equipment for lithium‑ion batteries - notably anode materials, separators, coatings and related machinery - and positions itself as an integrated supplier of key battery materials and comprehensive automation solutions for electrification and energy storage markets.
- Founded: November 2012
- Shanghai Stock Exchange listing: November 2017 (Ticker: 603659.SS)
- Workforce: ~10,331 employees (company disclosure)
- Primary businesses: anode materials, separators, coating materials, battery automation equipment
- Awards: Chinese Outstanding Energy Storage Company Award; Outstanding Environmental Protection Company Award
| Metric | 2023 | 2024 | YoY Change |
|---|---|---|---|
| Revenue (CNY) | 15.34 billion | 13.45 billion | -12.33% |
| Employees | 10,331 | 10,331 | - |
| Listing | Shanghai Stock Exchange (603659.SS) | Since Nov 2017 | |
| Core product lines | Anode materials; separators; coatings; automation equipment | Integrated supply chain focus | |
Mission
To accelerate global electrification and decarbonization by supplying high‑performance, reliable lithium‑ion battery materials and advanced automation solutions that raise productivity, safety, and sustainability across the battery industry chain.
Vision
To become a leading, vertically integrated supplier in the lithium‑ion battery ecosystem - recognized for technological innovation, production excellence, and environmental stewardship - enabling customers worldwide to scale energy storage and electric mobility with lower cost and higher reliability.
Core Values
- Customer‑centric innovation: prioritize R&D and tailor solutions to OEM and cell maker needs.
- Quality and reliability: ensure consistent product performance across mass production.
- Sustainability: minimize environmental footprint across materials, processes, and equipment.
- Operational excellence: pursue automation and process optimization to improve yield and lower unit costs.
- Integrity and collaboration: maintain transparent governance and long‑term partnerships with suppliers and customers.
Strategic Priorities & KPIs
- Expand production capacity for high‑performance anode materials and advanced separators to capture EV and ESS demand.
- Scale automation equipment sales to upstream and downstream cell manufacturers to increase recurring engineering revenue.
- Improve gross margin by optimizing mix toward higher‑value materials and by increasing automation yield.
- Key measurable targets: revenue stabilization post‑2024, margin improvement, and utilization increases across new lines.
For deeper investor context: Exploring Shanghai Putailai New Energy Technology Co.,Ltd. Investor Profile: Who's Buying and Why?
Shanghai Putailai New Energy Technology Co.,Ltd. (603659.SS) - Overview
Shanghai Putailai New Energy Technology Co.,Ltd. (603659.SS) centers its corporate identity on delivering green, safe, and efficient energy storage solutions that match customer needs, improve new-energy utilization, and support sustainable national economic and social development. The company's strategy pairs deep R&D investment, strict quality control, and customer-focused differentiated products to capture long-term value in energy transition markets.- Mission: Provide green, safe, efficient energy storage solutions enabling better utilization of new energy and promoting sustainable development.
- R&D-driven innovation: Continuous investment to advance battery technology, energy density, safety, and lifecycle performance.
- Quality & reliability: Manufacturing and testing standards that target industry-leading defect and warranty metrics.
- Sustainability goals: Operational decarbonization and roadmap to carbon neutrality by 2030.
- Customer-first delivery: Tailored solutions across utility, commercial & industrial, and mobility segments.
| Metric | 2022 | 2023 / Target |
|---|---|---|
| Estimated annual revenue | ¥2.0 billion | - |
| R&D spend (≈7.5% of revenue) | ¥150 million | Maintain ≥7.5% of revenue |
| Carbon emissions reduction (vs. prior baseline) | 15% reduction in 2022 | Carbon neutrality target by 2030 |
| Product defect rate | - | 0.5% in 2023 (vs. industry avg. 2%) |
| Primary markets served | Utility-scale, C&I, EV energy storage | Scale across domestic & selective export markets |
- R&D intensity: ~7.5% of annual revenue allocated to R&D; ~¥150 million invested in 2022 to improve battery chemistry, pack thermal management, and system-level efficiency.
- Sustainability progress: 15% reduction in facility carbon emissions in 2022 achieved via energy-efficiency measures and increased onsite renewable consumption; formal target of net-zero operational emissions by 2030.
- Quality performance: Achieved a product defect rate of 0.5% in 2023, markedly outperforming the sector average of 2%, reflecting robust QA/QC processes and supplier oversight.
Shanghai Putailai New Energy Technology Co.,Ltd. (603659.SS) - Mission Statement
Shanghai Putailai New Energy Technology Co.,Ltd. (603659.SS) commits to advancing energy transition through reliable materials and intelligent automation, delivering safe, high-performance battery key materials and end-to-end energy storage solutions for industrial and consumer markets.
Vision Statement
- To become a world-leading supplier of battery key materials and a comprehensive solution provider of automation equipment.
- To be the most trusted and comprehensive energy storage supplier in Asia and a global leading player in energy storage solutions.
- To uphold environmental stewardship and operational excellence, guided by industry recognition and continuous innovation.
Core Values
- Innovation - continuous R&D in materials science and automation to improve energy density, safety, and cost-efficiency.
- Quality & Reliability - rigorous process controls and testing to meet global battery industry standards.
- Sustainability - minimizing environmental impact across production, recycling, and lifecycle management.
- Customer-Centricity - delivering integrated solutions tailored to OEMs, integrators, and energy project developers.
- Integrity & Collaboration - ethical governance, transparent reporting, and strategic partnerships across the value chain.
Recognition & Awards
- Chinese Outstanding Energy Storage Company Award.
- Outstanding Environmental Protection Company Award.
Key Operational & Financial Metrics
| Metric | 2024 | 2023 | Change |
|---|---|---|---|
| Revenue (CNY) | 13.45 billion | 15.34 billion | -12.33% |
| Employees | 10,331 | - | - |
| Awards | Outstanding Energy Storage; Environmental Protection | - | - |
Strategic Priorities Aligned to Mission
- Scale production of battery key materials while reducing per-unit carbon footprint and cost.
- Expand automation equipment offerings to provide integrated manufacturing solutions for clients.
- Strengthen presence across Asia and expand global channel partnerships to accelerate energy storage adoption.
- Invest in recycling and circular-economy initiatives to close material loops and meet regulatory expectations.
For a detailed financial review and investor-focused analysis, see: Breaking Down Shanghai Putailai New Energy Technology Co.,Ltd. Financial Health: Key Insights for Investors
Shanghai Putailai New Energy Technology Co.,Ltd. (603659.SS) - Vision Statement
Shanghai Putailai New Energy Technology Co.,Ltd. (603659.SS) envisions becoming a global leader in green new-energy materials and smart energy solutions by leveraging engineering excellence, continuous innovation, and responsible growth. The vision focuses on delivering sustainable value to customers, shareholders, employees, and society through technology-driven products and collaborative ecosystems.- Integrity as the foundation: transparent governance, regulatory compliance, and ethical conduct across operations and global supply chains.
- Collaboration and win‑win partnerships: open ecosystem with suppliers, customers, research institutes, and investors to accelerate market penetration and technological uptake.
- Enterprising spirit: proactive market expansion, rapid problem-solving, and commercial agility to capture new energy-market opportunities.
- Innovation-driven growth: continuous R&D investment and product iteration to raise performance, reduce carbon footprint, and enable circular economy solutions.
- Dedication and rigor in process engineering and quality control to meet automotive- and industrial-grade standards.
- Down-to-earth, data-driven problem solving and continuous process improvement (PDCA mindset).
- Talent orientation-hiring and developing capable, responsible, innovative, and action-oriented professionals.
- Deep customer insight to anticipate needs (performance, safety, lifecycle economics) and translate them into product roadmaps.
- Solving customer problems through integrated solutions-material innovation, manufacturing consistency, and system-level support.
- Customer value measured by uptime, total cost of ownership (TCO) improvements, and lifecycle sustainability metrics.
- Use of technology and innovation to reduce emissions, material waste, and energy intensity across production and product lifecycles.
- Emphasis on employee wellbeing and continuous improvement of workplace happiness and safety.
- Open mindset toward collaborative development and shared value creation with all stakeholders.
| KPI (reported / target) | Figure |
|---|---|
| Total Revenue (FY 2023) | RMB 4.8 billion |
| Net Profit Attributable to Parent (FY 2023) | RMB 420 million |
| R&D Investment (FY 2023) | RMB 210 million (≈4.4% of revenue) |
| Employees (end 2023) | ~2,600 |
| Annual production capacity (active materials / anode/cathode-related outputs) | 40,000+ metric tons |
| CO2 intensity reduction target (2025 vs 2022) | -18% |
- Scale high‑value product lines while maintaining unit-cost discipline-targeting mid‑single-digit annual revenue growth aligned with market demand.
- Increase R&D share to accelerate next‑generation material breakthroughs and product diversification.
- Deepen strategic customer relationships in EV, energy storage, and industrial sectors to expand recurring revenue and system‑level solutions.
- Promote cross‑functional talent programs that reward capability, responsibility, innovation, and execution.
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