Breaking Down Zhejiang Yonghe Refrigerant Co., Ltd. Financial Health: Key Insights for Investors

Discover how Zhejiang Yonghe Refrigerant Co., Ltd., founded in 2004 and restructured in 2012, leverages its sprawling operations-over 1.8 million square meters of industrial land and nearly 3.33 million square meters for mining and mineral processing-to drive a mission of safe, environmentally friendly, high-quality fluorine materials and refrigerants under the flagship brand ICELOONG, exported to more than 100 countries, guided by ISO 9001/14001/45001 certifications, a high-tech R&D center established in 2014, and core values of "Never Give Up, Enterprise in Harmony" that propel its vision "For the Benefit of mankind by fluorine."

Zhejiang Yonghe Refrigerant Co., Ltd. (605020.SS) - Intro

Zhejiang Yonghe Refrigerant Co., Ltd. (605020.SS) is a vertically integrated fluorine-chemical manufacturer founded in 2004 and restructured in 2012. The company produces refrigerants, fluoropolymers, fire‑suppression clean agents and related specialty chemicals under its flagship brand ICELOONG, serving HVACR, specialty chemical and fire‑safety markets globally.

• Founded: 2004 (restructured 2012)
• Flagship brand: ICELOONG - exported to >100 countries and regions
• Certifications: ISO 9001, ISO 14001, ISO 45001
• High‑tech R&D center established: 2014

Mission

• Provide high‑purity, compliant fluorine chemical solutions that ensure safety and efficiency across refrigeration and fire‑protection industries.
• Drive sustainable industry transition by developing lower‑GWP refrigerants and environmentally responsible fluorine products.
• Create long‑term value for stakeholders through compliant, high‑quality production and global market expansion.

Vision

• Become a globally recognized leader in sustainable fluorine chemistry and refrigeration solutions.
• Lead innovation in low‑global‑warming‑potential (GWP) refrigerants and advanced fluoropolymers enabling energy‑efficient, safe systems worldwide.
• Scale responsibly-balancing industrial growth with environmental stewardship and regulatory compliance.

Core Values

• Safety & Compliance - rigorous adherence to international safety and environmental standards (ISO certifications as baseline).
• Quality - consistent product purity and performance backed by ISO 9001 systems and laboratory control.
• Innovation - sustained R&D investment via the company's high‑tech R&D center (est. 2014) to commercialize advanced refrigerants and fluoropolymers.
• Sustainability - commitment to reducing environmental impact through product portfolios and production practices.
• Global Partnership - export footprint to over 100 markets, prioritizing long‑term customer relationships and market diversification.

Strategic Focus Areas & KPIs

• Production footprint optimization - leverage ~1.8M m² industrial land and ~3.33M m² mining/processing area to secure feedstock supply and scale capacity.
• R&D commercialization - convert lab innovations from the 2014‑era R&D center into low‑GWP refrigerant product lines and specialty fluoropolymers.
• Regulatory alignment - maintain and expand ISO and industry certifications; proactively address global HFC phase‑down and chemical regulations.
• Market expansion - deepen penetration in existing >100 export markets while targeting higher‑value segments (automotive, medical, semiconductors).

For a detailed company narrative including history, ownership, mission and how the business generates revenue, see: Zhejiang Yonghe Refrigerant Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money

Zhejiang Yonghe Refrigerant Co., Ltd. (605020.SS) - Overview

Zhejiang Yonghe Refrigerant Co., Ltd. (605020.SS) positions itself as a leading manufacturer of fluorine new materials and refrigerant products with a mission to provide society with safe, environmentally friendly, and high-quality products that benefit mankind. This mission drives product design, regulatory alignment, and market strategy across R&D, production, and sales.

• Safety-first product development: strict process controls, product testing, and occupational safety metrics that reduce workplace incidents year-over-year.
• Environmental responsibility: phased replacement of high-GWP refrigerants with low-GWP alternatives and investment in emissions-control technologies.
• Quality focus: ISO/TS and industry-specific certifications, automated production lines, and customer-satisfaction metrics guiding continuous improvement.
• Societal benefit: products aimed at improving energy efficiency in HVACR systems and reducing lifecycle environmental impact.

The mission has influenced Yonghe's strategic decisions in the following ways:

• Portfolio shift toward low-global-warming-potential (GWP) refrigerants and fluorinated intermediates aligned with global regulatory trends (e.g., Kigali Amendment compliance paths).
• Capital allocation to green manufacturing and safety systems, with a growing share of capex directed to emissions control and R&D for next-generation fluorine materials.
• Market expansion into high-growth ASEAN and Middle East HVACR markets where demand for energy-efficient refrigerants is increasing.

Key operational and impact metrics (select years shown):

Core values derived from the mission:

• Safety: ensuring product and workplace safety through process controls and certification.
• Environmental stewardship: continuous reduction of GWP in products and emissions in operations.
• Quality & Reliability: meeting stringent quality standards and customer requirements globally.
• Innovation: sustained investment in R&D to develop advanced fluorine materials and low-GWP refrigerants.
• Responsibility to society: aligning product strategy with public welfare and energy-efficiency goals.

Selected strategic indicators tied to mission and values:

Research & development and product pipeline highlights that operationalize the mission:

• Development of next-generation low-GWP blends and hydrofluoroolefin (HFO)-based refrigerants targeted at commercial HVACR and refrigeration markets.
• Advanced fluorinated intermediates for electronics and foaming agents with lower environmental footprints and higher purity specifications.
• Collaborations with universities and industrial partners to accelerate commercialization and regulatory acceptance globally.

Market and investor context: ongoing financial and operational performance is discussed in depth in this piece: Breaking Down Zhejiang Yonghe Refrigerant Co., Ltd. Financial Health: Key Insights for Investors

Zhejiang Yonghe Refrigerant Co., Ltd. (605020.SS) - Mission Statement

Yonghe's vision is 'For the Benefit of mankind by fluorine.' This succinct statement anchors Zhejiang Yonghe Refrigerant Co., Ltd. (605020.SS) to a long-term commitment: to apply fluorine chemistry and related technologies to deliver social, environmental, and industrial value. The vision expresses both a technical specialization and a public-oriented purpose that guides strategy, R&D priorities, and market positioning.

• Specialization: Fluorine-centered chemical solutions across refrigerants, intermediates, and specialty fluorochemicals.
• Societal benefit: Prioritizing safe, energy-efficient, and lower-global-warming-impact products.
• Continuity: A consistent guiding statement that informs strategic investments and corporate culture.

The mission derived from this vision translates into measurable strategic thrusts:

• Technology leadership: sustained investment in fluorine R&D and production process innovation.
• Market responsibility: compliance with global environmental standards and proactive product stewardship.
• Customer-driven solutions: developing application-specific fluorochemical products for HVACR, refrigeration, and industrial uses.
• Global reach: expand exports while maintaining domestic leadership in China's refrigerant market.

Key operational and strategic levers used to realize the vision include:

• Targeted R&D programs focusing on low-GWP refrigerants and fluorinated intermediates.
• Quality and safety systems to manage fluorine chemistry risks and ensure regulatory compliance.
• Partnerships with OEMs and downstream integrators to accelerate market adoption of advanced fluorochemical products.

Representative performance and commitments aligned to the mission (illustrative operational indicators):

• R&D projects prioritized for low-global-warming-potential (low-GWP) refrigerants; multi-year pipelines maintained.
• Quality certifications and safety investments to mitigate hazardous-chemistry risks across production lines.
• Commercial focus on moving higher-margin specialty fluorochemicals to increase resilience against commodity cyclicality.

For further context on investors and market positioning, see: Exploring Zhejiang Yonghe Refrigerant Co., Ltd. Investor Profile: Who's Buying and Why?

Zhejiang Yonghe Refrigerant Co., Ltd. (605020.SS) - Vision Statement

• Never Give Up - a commitment to resilience: persist through market cycles, regulatory shifts, and technical challenges to sustain continuous improvement and market relevance.
• Enterprise in Harmony - collaborative, ethical, and stakeholder-aligned growth: integrate employee welfare, partner cooperation, and corporate social responsibility into strategic decisions.

• Scale manufacturing while improving unit economics through process optimization and capacity utilization.
• Invest in low-GWP (global warming potential) refrigerant R&D and conversion pathways to align with global regulations (Kigali Amendment, regional phase-down schedules).
• Expand channel and geographic reach to diversify revenue and mitigate single-market concentration risk.
• Strengthen ESG metrics-emission intensity, waste reduction, and workplace safety-embedding harmony into measurable targets.

• Capital allocation: prioritize projects with resilient cash returns and alignment to low‑GWP product lines.
• People & culture: training programs, safety KPIs, and cross‑functional teams to reinforce 'Never Give Up' persistence and 'Enterprise in Harmony' collaboration.
• Supply‑chain strategy: multi‑sourcing and long‑term supplier partnerships to ensure continuity under shocks.
• Stakeholder engagement: transparent reporting, community programs, and regulatory compliance as expressions of harmonious enterprise conduct.