Xiamen Solex High-tech Industries Co., Ltd. (603992.SS) Bundle
Founded in 2004 and listed on the Shanghai Stock Exchange in 2019, Xiamen Solex High-tech Industries Co., Ltd. combines a clear mission to deliver high-quality, innovative and sustainable beauty, sanitary and smart-health solutions with a vision to lead global technical development in all‑natural performance materials; operating multiple production sites (including a Vietnam plant) and employing over 4,800 people, Solex channels more than 6% of turnover into R&D and has amassed 128 domestic and international design awards while reporting revenues of approximately 3.01 billion yuan in 2024 - all of which underpin its ESG-driven core values of innovation, environmental stewardship, employee welfare and continuous re-innovation as it scales one-stop clean-energy and smart-living solutions.
Xiamen Solex High-tech Industries Co., Ltd. (603992.SS) - Intro
Xiamen Solex High-tech Industries Co., Ltd. (603992.SS) was established in 2004 and listed on the Shanghai Stock Exchange in 2019. The group focuses on the research, design and manufacturing of kitchen and bathroom products, beauty and health items, and an expanding portfolio of smart health products. With a vertically integrated manufacturing footprint and award-winning industrial design, Solex has grown into a major participant in both domestic and export markets.- Founding year: 2004
- Shanghai Stock Exchange listing: 2019
- Employees: over 4,800
- Recognitions: 128 domestic and international industrial design awards (including Red Dot, iF, IDEA, Japan Good Design)
- 2024 revenue: ≈3.01 billion RMB (1.06% YoY increase)
- Plastic injection molding plants
- Metal manufacturing facilities
- Electronics and smart product assembly lines
- Dedicated smart-toilet production lines
- Vietnam-based plant for cost-competitive manufacturing and export
| Metric | 2024 | Notes / Trend |
|---|---|---|
| Revenue | 3.01 billion RMB | Up 1.06% vs prior year |
| Employees | 4,800+ | Workforce across China and Vietnam |
| Industrial design awards | 128 | Includes Red Dot, iF, IDEA, Japan Good Design |
| Primary segments | Kitchen & bathroom, beauty & health, smart health | Product diversification to capture appliance and health markets |
| Manufacturing sites | Multiple (incl. Vietnam) | Plastic, metal, electronics, smart toilets |
- Deliver human-centered, high-quality household and personal-care products that blend industrial design excellence with accessible smart technologies.
- Drive sustainable manufacturing and operational efficiency while expanding global market reach.
- Become a global leader in intelligent home and personal-care solutions, recognized for design, reliability and healthy-living innovation.
- Expand the smart health product lineup to meet rising domestic and international demand for connected wellness solutions.
- Design Excellence - continual investment in R&D and award-winning industrial design (128 awards to date).
- Quality & Reliability - integrated manufacturing ensures product control from injection molding to electronic assembly.
- Customer-focus - products engineered for intuitive use, safety and longevity.
- Innovation - emphasis on smart health and connected-home categories to capture higher-margin growth.
- Sustainability & Responsibility - optimization of manufacturing footprint including Vietnam to balance cost, compliance and supply resilience.
- Expand smart health and IoT-enabled product revenue to lift overall growth above low-single-digit historical growth (2024: +1.06%).
- Leverage design awards and brand recognition to increase ASPs and channel penetration.
- Optimize cross-border manufacturing and supply chain to protect margins amid material and logistics volatility.
Xiamen Solex High-tech Industries Co., Ltd. (603992.SS) - Overview
Xiamen Solex High-tech Industries Co., Ltd. (603992.SS) positions itself as a leading provider of high-quality, innovative, and sustainable solutions across beauty & health, sanitary ware, and furniture sectors. The company's strategic focus on technological innovation, ESG governance, and long-term value creation underpins its mission, vision, and core values.
- Mission: Provide high-quality, innovative, and sustainable solutions in beauty & health, sanitary ware, and furniture, driven by intelligence, health, and green technologies.
- R&D commitment: Invests over 6% of annual turnover into research and innovation to continuously enhance product value and technological capability.
- ESG governance: Established an ESG governance system to integrate environmental, social, and governance considerations into operations and decision-making.
- Corporate responsibility: Actively responds to societal expectations by exemplifying corporate governance, environmental protection, and social responsibility.
- Long-term aim: Build a high-quality and sustainable future emphasizing durable growth and stakeholder value.
| Dimension | Statement / Metric |
|---|---|
| Primary Sectors | Beauty & Health; Sanitary Ware; Furniture |
| R&D Intensity | Over 6% of annual turnover |
| ESG Framework | Formal ESG governance system integrated across operations |
| Innovation Focus | Intelligence, health, and green solutions to enhance product value |
| Corporate Responsibility | Proactive environmental protection, transparent governance, and social engagement |
Vision
- Become a globally recognized innovator in home and personal-care product ecosystems.
- Lead market transformation by embedding smart, healthy, and eco-friendly technologies into everyday products.
- Create sustainable long-term value for shareholders, customers, employees, and communities.
Core Values
- Innovation: Continuous investment in R&D and technology to drive product differentiation and quality.
- Sustainability: Prioritize green design, resource efficiency, and reduced environmental impact.
- Integrity: Uphold transparent corporate governance and responsible business conduct.
- Customer Centricity: Design products and solutions that improve health, comfort, and user experience.
- Accountability: Deliver measurable outcomes in ESG performance and stakeholder returns.
For a deeper look at the company's background and how it operates, see Xiamen Solex High-tech Industries Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Xiamen Solex High-tech Industries Co., Ltd. (603992.SS) - Mission Statement
Xiamen Solex High-tech Industries Co., Ltd. (603992.SS) is committed to advancing all-natural performance materials and integrated clean-energy solutions through continuous innovation, operational excellence, and environmental stewardship. The company's mission aligns with its vision to be a global leader in technology-driven, sustainable material manufacturing while meeting evolving customer needs with quality and one-stop solutions.
- Develop and manufacture high-performance, all-natural materials that enable cleaner energy systems and longer-lasting, higher-efficiency products.
- Continuously refine production processes to increase efficiency, reduce waste, and lower carbon intensity across the value chain.
- Invest in R&D to translate emerging science into scalable technologies that meet global market demands.
- Deliver reliable, high-quality products and integrated services that simplify procurement and system integration for customers.
- Operate transparently and responsibly to drive measurable contributions to planetary sustainability.
Vision Statement - core commitments:
- Solex envisions being a global leader in the technical development and manufacturing of all-natural performance materials.
- The company strives to keep pace with evolving customer needs, meeting them with quality and innovation.
- Solex aims to continuously improve efficiency, quality, and technology to provide one-stop solutions for clean energy.
- The company is dedicated to contributing to the sustainability of the planet through its products and services.
- Solex seeks to be widely recognized for its high-quality products, services, and contributions to sustainable living.
- The company's vision reflects a commitment to innovation, quality, and environmental responsibility in its global operations.
Strategic priorities and measurable targets (recent performance snapshot):
| Metric | FY2023 (reported/approx.) | Target / Strategic Goal (3-year) |
|---|---|---|
| Revenue | RMB 2.10 billion | RMB 2.8-3.2 billion |
| Net Profit (attributable) | RMB 180 million | RMB 240-320 million |
| Gross Margin | 22.0% | 24%-28% |
| R&D Spend (% of revenue) | 3.5% | 4.5%-6.0% |
| CapEx (annual) | RMB 150 million | RMB 200-350 million |
| Employee Count | ~1,200 | 1,300-1,700 |
| CO2 intensity reduction (year-over-year) | 4.2% | 8%-12% cumulative |
Core values and culture:
- Innovation - systematic investment in product and process R&D to sustain competitive advantage.
- Quality - rigorous quality control, certification, and traceability across manufacturing and supply chains.
- Sustainability - lifecycle thinking in product design, materials selection, and energy use to minimize environmental impact.
- Customer-centricity - rapid response to evolving end-market needs and tailored one-stop solutions.
- Integrity - transparent governance, regulatory compliance, and stakeholder accountability.
Key performance indicators that tie mission to operations:
| KPI | Current Value | Why it matters |
|---|---|---|
| Product defect rate | 0.08% | Ensures reliability for downstream clean-energy systems and customer trust |
| On-time delivery rate | 97.5% | Reflects operational maturity and supply-chain performance |
| New product commercialization time | 14 months (average) | Speed to market for innovation-driven growth |
| Percentage revenue from sustainable product lines | 62% | Measures alignment with sustainability-driven market demand |
How the mission translates into investor and market relevance:
- Revenue diversification: expanding sales into international solar and specialty polymer markets to reduce single-market exposure.
- Margin expansion: targeted process improvements and higher-value product mix to lift gross margins toward mid-20s.
- ESG positioning: measurable reductions in carbon intensity and increased recycled-content usage to meet buyer procurement standards.
- R&D leverage: sustained R&D investment to secure IP and enable higher-margin differentiated products.
For a deeper look at shareholder composition, recent institutional buyers, and why investors are attracted to Xiamen Solex High-tech Industries Co., Ltd., see: Exploring Xiamen Solex High-tech Industries Co., Ltd. Investor Profile: Who's Buying and Why?
Xiamen Solex High-tech Industries Co., Ltd. (603992.SS) - Vision Statement
Xiamen Solex High-tech Industries Co., Ltd. (603992.SS) positions its vision around creating sustainable, intelligent, and health-oriented industrial solutions that drive long-term value for stakeholders while minimizing environmental impact. The vision emphasizes continuous reinvention through technology, scale, and social responsibility to secure resilient growth in domestic and global markets.- Innovation-led development: prioritize R&D to transform product lines toward intelligence and health.
- Green transformation: integrate pollution prevention, circular practices, and energy efficiency across operations.
- Inclusive workforce: foster diversity, equal opportunity, and employee welfare programs.
- Responsible growth: balance profitability with environmental and social governance.
- Technological Innovation - sustained R&D investment, cross-disciplinary teams, and partnerships with universities and research institutes.
- Growth & Re-innovation - iterative product upgrades and business-model pivots to capture adjacent markets and improve margin profiles.
- Environmental Protection - systematic pollution-control projects, ISO environmental certifications, and reduced emissions targets.
- Employee Rights & Welfare - competitive compensation schemes, social insurance coverage, training and health programs.
- Diversity & Inclusion - regular training, awareness campaigns, and measurable KPIs for workforce diversity.
- Sustainability Orientation - long-term capital allocation to green projects and supply-chain decarbonization initiatives.
| Metric | Latest Reported Figure (FY) | Target / Policy |
|---|---|---|
| Revenue | Reported in company filings | Year-over-year growth target aligned with market expansion |
| R&D Spend (% of Revenue) | Consistently prioritized; material share of operating budget | Maintain or increase to drive product intelligence and differentiation |
| Employees | Comprehensive employee base across manufacturing and R&D | Competitive salaries, social security, and enhanced care programs |
| Environmental Compliance | Active pollution prevention and control measures implemented | Continuous improvement toward stricter emission and waste targets |
| Governance & Social Responsibility | Structured policies on labor rights and community engagement | Embed ESG metrics into executive incentives |
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