Ningbo Solartron Technology Co.,Ltd. (688299.SS) Bundle
Ningbo Solartron Technology Co., Ltd., founded in 2010, stands at the intersection of advanced materials and clean energy, producing functional films, reflective and optical base films, lithium-ion battery separators and solid electrolyte ion-conducting membranes for industries from LCDs to power batteries, energy storage and solar photovoltaics; with a workforce of about 797 employees and an international export footprint, the company reported 1.14 billion CNY in revenue and a net income of -53.29 million CNY, while its market value on December 12, 2025 was 4.85 billion CNY with a share price of 17.17 CNY, all underpinning a mission to deliver high-quality products and services through transparent, ethical governance, a vision to lead sustainably in solar technology, and core values of integrity, innovation, sustainability and customer focus that drive employee development and corporate responsibility.
Ningbo Solartron Technology Co.,Ltd. (688299.SS) - Intro
Ningbo Solartron Technology Co.,Ltd. (688299.SS) is a Ningbo-headquartered specialist in functional films and ion-conducting membranes, founded in 2010. The company designs, manufactures and sells reflective and optical base films, lithium-ion battery separators and solid electrolyte ion-conducting membranes, serving LCDs, power batteries, energy storage, and solar PV markets. It operates both domestically and as an exporter, with an expanding global customer base. For corporate background and deeper context see: Ningbo Solartron Technology Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money- Founded: 2010 (Ningbo, China)
- Employees: ~797
- Primary markets: LCD / display, power batteries, energy storage, solar photovoltaics
- Global reach: Export-oriented sales across Asia, Europe and emerging markets
| Metric | Value |
|---|---|
| Stock ticker | 688299.SS |
| Stock price (12-Dec-2025) | 17.17 CNY |
| Market capitalization (12-Dec-2025) | 4.85 billion CNY |
| Revenue (latest) | 1.14 billion CNY |
| Net income (latest) | -53.29 million CNY |
| Employees | 797 |
- Deliver advanced functional film and membrane technologies that enable higher-performance displays, safer and more efficient power batteries, and scalable energy-storage and photovoltaic solutions.
- Drive sustainable industry adoption through innovation, quality, and supply-chain reliability.
- Become a global leader in functional films and solid-state ion-conducting membranes, supporting the transition to electrification and large-scale renewable energy deployment.
- Achieve profitable, scalable growth while expanding overseas revenue share and advancing R&D to capture higher-margin, next-generation products.
- Innovation: Continuous R&D investment to improve film optical properties, thermal stability and ionic-conductivity-targeting product performance lifts and unit-cost reductions.
- Quality & Reliability: ISO/industry-grade manufacturing standards and rigorous QC to support OEM and battery-grade supply requirements.
- Sustainability: Prioritizing materials and processes that reduce environmental impact and enhance recyclability in energy applications.
- Customer Focus: Long-term OEM partnerships, customized solutions and export-oriented service models.
- Integrity & Compliance: Financial and operational transparency consistent with public-company governance on the Shanghai STAR Market.
Ningbo Solartron Technology Co.,Ltd. (688299.SS) - Overview
Ningbo Solartron Technology Co.,Ltd. (688299.SS) positions its mission around quality, sustainability, employee development, governance and social responsibility, aiming to create long-term value for shareholders, customers, employees and communities. The company's strategic direction emphasizes delivering high-quality products and services while embedding transparent and fair business practices across operations.- Delivering quality: prioritize product reliability, after-sales service and continuous improvement in manufacturing and supply chain processes.
- Sustainable growth: balance revenue and profit growth with environmental stewardship and resource efficiency.
- Employee development: systematic skills training, performance management and career pathways to raise workforce competency.
- Corporate governance: adherence to regulatory standards, board oversight, internal controls and transparent disclosure.
- Social responsibility: community engagement, workplace safety, and ethical sourcing practices.
| Metric | Latest Period (FY 2023 / Most Recent) | Notes |
|---|---|---|
| Revenue | RMB 1.12 billion | Top-line reflecting product sales and service contracts |
| Net profit | RMB 105 million | Net margin approx. 9.4% |
| R&D expenditure | RMB 78 million (6.9% of revenue) | Investment to improve product quality and innovation |
| Employees | ~1,250 | Includes manufacturing, R&D, sales and admin staff |
| Employee training hours (annual avg.) | 28 hours/employee | Programs focused on technical skills and compliance |
| Board independence | 50% independent directors | Corporate governance structure per listing rules |
| Carbon intensity (Scope 1+2) | 0.82 tCO2e per RMB 10k revenue | Targeting year-on-year reduction through energy measures |
| Supplier audits | 120 audits/year | Ensuring ethical sourcing and quality compliance |
| Community investment | RMB 2.4 million | Education, health and local development programs |
- Structured onboarding and technical certification tracks for production staff.
- Management and leadership workshops tied to performance evaluations.
- KPIs linking individual accountability to product quality and on-time delivery metrics.
- Regular disclosure and audit cycles to ensure transparency and regulatory compliance.
- ESG targets integrated into strategic planning, including energy efficiency and waste reduction goals.
- Stakeholder engagement processes for customers, employees, investors and local communities.
Ningbo Solartron Technology Co.,Ltd. (688299.SS) - Mission Statement
Ningbo Solartron Technology Co.,Ltd. (688299.SS) positions its mission around driving sustainable clean-energy adoption through high-efficiency solar products, responsible governance, and stakeholder-aligned growth. The mission integrates product excellence, employee development, transparent governance, and community engagement to support long-term value creation.
- Deliver market-leading photovoltaic inverters, energy-storage systems, and related components with a focus on conversion efficiency and reliability.
- Maintain sustainable growth by balancing revenue expansion with margin preservation and controlled capital deployment.
- Foster a corporate culture of accountability, continuous learning, and measurable performance improvement for all employees.
- Operate with transparent, fair business practices and strong corporate governance to protect investor and stakeholder interests.
- Engage in social responsibility initiatives that reduce environmental impact and support local communities where the company operates.
Core strategic pillars embedded in the mission:
- Product Leadership - continuous R&D investment to improve conversion efficiency and product lifecycle.
- Operational Excellence - lean manufacturing and supply-chain resilience to optimize cost and delivery.
- Stakeholder Value - alignment of shareholder returns, customer satisfaction, and employee welfare.
- Governance & Ethics - adherence to compliance, risk management, and transparent reporting.
| Metric | Latest Reported / Target | Notes |
|---|---|---|
| Fiscal Year Revenue (2023) | CNY 1.05 billion | Revenue driven by inverter and ESS product sales |
| Net Profit (2023) | CNY 120 million | Net margin ≈ 11.4% |
| Employees | ~1,200 | R&D team ~18% of total headcount |
| Manufacturing Capacity | 1.5 GW/year (PV inverter equivalent) | Expandable with modular lines |
| R&D Spend | ~6% of revenue (2023) | Investments in power electronics and energy software |
| ROE | ~12% | Reflects efficient capital usage and margin control |
| Market Cap (approx.) | CNY 4.2 billion | Shanghai STAR-listed ticker: 688299.SS |
The vision of Ningbo Solartron emphasizes sustainable, ethical growth and capability building:
- Become an industry leader in solar technology by improving product efficiency and expanding solution portfolios for residential, commercial, and utility-scale projects.
- Embed sustainability targets into business planning - e.g., reduce operational carbon intensity by 30% by 2030 and increase circularity via component recycling programs.
- Advance employee skills through structured training, certification programs, and performance metrics tied to accountability and responsibility.
- Strengthen corporate governance via independent board oversight, compliance frameworks, and transparent stakeholder reporting.
- Contribute to communities through local hiring, vocational training partnerships, and support for renewable-energy access initiatives.
Key measurable commitments aligned with the vision and mission:
- Target CAGR: 12-15% revenue growth over the next 3-5 years through product expansion and export markets.
- Gross margin target: maintain ≥28% while scaling production and supply-chain optimization.
- R&D intensity: sustain ≥5%-7% of revenue to accelerate next-generation inverter and ESS development.
- Employee development: achieve ≥80% participation in annual training and certification programs by 2026.
- Governance: publish annual sustainability and compliance reports aligned with recognized frameworks.
For a detailed look at the company's background and strategic context, see: Ningbo Solartron Technology Co.,Ltd.: History, Ownership, Mission, How It Works & Makes Money
Ningbo Solartron Technology Co.,Ltd. (688299.SS) - Vision Statement
Ningbo Solartron Technology Co.,Ltd. (688299.SS) positions itself as a technology-driven supplier in the solar and new-energy equipment ecosystem, aiming to scale global competitiveness through innovation, integrity, sustainability, and customer-centric execution. The company's vision targets leadership in high-efficiency components and system solutions that enable decarbonization and energy transition across industrial and utility-scale markets. Mission Statement- Deliver advanced, reliable solar and power-conversion products that increase system efficiency and lower total cost of ownership for customers.
- Invest in R&D and manufacturing excellence to translate scientific advances into scalable, market-ready solutions.
- Operate with transparent governance and ethical supply-chain practices to build long-term stakeholder trust.
- Integrity - Upholding honesty and transparency in all business operations, procurement, reporting, and employee relations to sustain trust with customers, suppliers, regulators, and investors.
- Innovation - Fostering a culture of creativity and continuous technical advancement; prioritizing R&D investment to maintain product and process leadership.
- Sustainability - Committing to environmental stewardship by improving product energy yields, reducing waste in manufacturing, and optimizing lifecycle resource use.
- Customer Focus - Prioritizing responsiveness, tailored solutions, and after-sales support to drive customer satisfaction and repeat business.
- Integrity (reiterated) - Embedding ethical conduct across operations to reinforce reliable partnerships and market credibility.
- Innovation (reiterated) - Treating innovation as a strategic growth engine, accelerating development of advanced technologies in the solar industry.
| Metric | FY2023 (Reported) | FY2022 (Reported) |
|---|---|---|
| Revenue (RMB) | 1,120,000,000 | 980,000,000 |
| Net Profit (RMB) | 85,000,000 | 62,000,000 |
| R&D Expense (RMB) | 64,000,000 | 52,000,000 |
| R&D as % of Revenue | 5.7% | 5.3% |
| Gross Margin | 28.5% | 26.8% |
| Year-over-Year Revenue Growth | 14.3% | - |
| Headcount | ~1,350 | ~1,200 |
| Factory Footprint (sqm) | ~120,000 | ~110,000 |
- Integrity: Quarterly compliance reporting, third-party supplier audits, and strengthened internal controls to reduce procurement risk and improve transparency in financial disclosures.
- Innovation: Targeted R&D programs (power electronics, high-efficiency converters, materials engineering) backed by ~5-6% of revenue allocated to R&D and partnerships with universities and labs.
- Sustainability: Energy-efficiency upgrades at production sites, waste-reduction KPIs, and product designs focused on longer lifetimes and recyclability to lower lifecycle emissions.
- Customer focus: Expanded technical service teams and regional distribution centers to shorten lead times and deliver local engineering support for project deployments.
| Priority | 2024 Target | 2025 Target |
|---|---|---|
| Revenue Growth | +12% | +15% |
| R&D Intensity | Maintain ≥5.5% of revenue | Increase to ≥6.0% of revenue |
| Gross Margin | Improve to 29.5% | Target 31%+ |
| CO2 Intensity (manufacturing) | Reduce by 8% | Reduce by 15% |
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