Suzhou Nanomicro Technology Co., Ltd. (688690.SS) Bundle
Suzhou Nanomicro Technology Co., Ltd. (ticker 688690.SS) began in 2007 in Suzhou's Biobay and has grown into a publicly listed leader in spherical, mono-disperse particle manufacturing with ISO 9001-certified plants in Suzhou Industrial Park and Changshu-each exceeding 200,000 liters of annual resin production-supporting a product suite used in chromatography, solid phase extraction and electronics; by 2018 it was exporting to over 40 countries, and by 2024 it reported revenue of 782.46 million CNY (a 33.33% year-over-year increase) atop a market capitalization of about 10.14 billion CNY, a workforce that expanded to 1,198 employees in 2023 and recognitions such as the 2024 Jiangsu High-tech Enterprise Certificate, all driven by proprietary synthesis, surface functionalization technologies and diversified sales across pharmaceuticals, biotechnology and electronics.
Suzhou Nanomicro Technology Co., Ltd. (688690.SS): Intro
Established in 2007 in Suzhou Biobay, Suzhou Nanomicro Technology Co., Ltd. (688690.SS) specializes in the design, synthesis and manufacture of spherical, mono-disperse polymer particles and related chromatographic media used across pharmaceuticals, biotechnology, environmental analysis, electronics and advanced materials. The company is publicly listed on the Shanghai Stock Exchange STAR Market (ticker: 688690.SS) and has grown from a local specialty-chemical manufacturer into an exporter to global markets.
- Founding and early focus: 2007 foundation in Suzhou Biobay concentrating on mono-disperse particle manufacture.
- Capacity expansion: 2014 ISO 9001-certified facilities in Suzhou Industrial Park and Changshu, each with >200,000 L resin annual capacity.
- Product diversification: by 2016 a full portfolio including chromatography media, solid phase extraction (SPE) sorbents and magnetic particles.
- International reach: by 2018 exports to over 40 countries.
- R&D investment: 2020 launch of a dedicated R&D center for particle synthesis and surface functionalization.
| Year | Revenue (million CNY) | YoY growth |
|---|---|---|
| 2023 | 586.85 | - |
| 2024 | 782.46 | 33.33% |
Ownership & Corporate Structure
The company is a publicly traded entity on the SSE STAR Market (688690.SS). Its ownership mix includes institutional investors, retail shareholders and management/founders. Governance follows standard public-company structures with a board of directors, supervisory board and executive management responsible for operations, R&D and global sales. Strategic alliances and OEM/customer partnerships support market reach in pharmaceuticals, biotech and analytical instrumentation sectors.
Mission, Vision & Core Values
Company mission emphasizes enabling precision separation and particle technologies to support drug discovery, bioprocessing and advanced manufacturing. For the formal statement and 2026 outlook, see: Mission Statement, Vision, & Core Values (2026) of Suzhou Nanomicro Technology Co., Ltd.
Core Products & Technologies
- Chromatography media (resins for HPLC, preparative purification, ion exchange, affinity media).
- Solid phase extraction (SPE) sorbents and cartridges for sample prep.
- Magnetic particles for separation, diagnostics and bioassays.
- Custom mono-disperse polymer beads with tailored surface chemistries.
How It Works - Manufacturing & R&D
- Seeded polymerization and emulsion techniques produce highly mono-disperse spherical particles with controlled pore structure and surface functional groups.
- ISO 9001-certified production lines (Suzhou Industrial Park, Changshu) each exceed 200,000 L resin annual capacity, enabling scale for both catalog and custom orders.
- R&D center (est. 2020) focuses on particle synthesis scale-up, surface functionalization (affinity ligands, ion-exchange groups), and integration into downstream consumables (cartridges, columns).
- Quality control labs and application teams validate performance for pharmaceutical purification, analytical separations and diagnostic workflows.
How It Makes Money - Revenue Streams
- Product sales: proprietary chromatographic resins, SPE sorbents, magnetic particles and custom bead formulations sold to instrument makers, CROs, pharma and academic labs.
- Consumables & components: columns, cartridges and other downstream assemblies using in-house media.
- Custom manufacturing & OEM contracts: tailored particle/resin production for corporate partners.
- Technical services: application development, method optimization and co-development projects tied to higher-margin service revenue.
- Exports and distribution: international sales channels (over 40 countries by 2018) expanding addressable markets and recurring revenue.
| Revenue Driver | Characteristic | Impact on Business |
|---|---|---|
| Chromatography media | High-volume, recurring consumable | Core and stable revenue base |
| Magnetic particles | Growth segment tied to diagnostics and automation | Higher-margin, high-growth potential |
| Custom/OEM manufacturing | Contract-based, project revenue | Improves utilization and gross margin |
| Services & application support | Consultative, margin-accretive | Strengthens customer stickiness |
Key Operational & Market Metrics
- Production capacity: >200,000 L resin per certified facility (Suzhou Industrial Park, Changshu) since 2014.
- Global footprint: products exported to 40+ countries (2018 milestone).
- R&D emphasis: dedicated center established in 2020 to accelerate particle innovation and functionalization.
- Recent financial scale: 2024 revenue of 782.46 million CNY (33.33% growth vs. 2023).
Suzhou Nanomicro Technology Co., Ltd. (688690.SS): History
Suzhou Nanomicro Technology Co., Ltd. (688690.SS) was founded to develop advanced micro-nano particle and chromatographic technologies for life sciences and diagnostics. The company completed its initial public offering on the Shanghai Stock Exchange (STAR Market) and, as of December 2024, carried a market capitalization of approximately 10.14 billion CNY. Innovation-driven growth, strategic R&D investments, and expansion of production capacity have characterized its trajectory, culminating in provincial recognition when NanoMicro received the High-tech Enterprise Certificate from the Jiangsu Provincial Department of Science and Technology in 2024.- Listing: Shanghai Stock Exchange, ticker 688690 (STAR Market).
- Market capitalization (Dec 2024): ~10.14 billion CNY.
- Technology recognition: Jiangsu High-tech Enterprise Certificate (2024).
- Executive leadership:
- General Manager & Director: Yiping Mou
- Chief Financial Officer & Secretary of the Board: Shun Zhao
- Shareholder profile: mix of institutional investors, individual shareholders, and insiders; no single majority holder.
| Metric | 2022 | 2023 | Dec 2024 |
|---|---|---|---|
| Employees | 765 | 1,198 | 1,198 |
| Market Capitalization (CNY) | - | - | ~10.14 billion |
| Stock Exchange / Ticker | Shanghai Stock Exchange (STAR Market) | 688690.SS | |
| Certification | - | Jiangsu High-tech Enterprise (2024) | |
- Core technologies: micro/nanoparticle synthesis, specialty chromatographic media, and separation solutions tailored to pharmaceutical, diagnostics, and research customers.
- Revenue streams:
- Product sales - proprietary chromatographic resins, columns, and consumables sold to biopharma and laboratory customers.
- Custom R&D and contract manufacturing - development services and scale-up for clients in biologics purification.
- After-sales and technical services - training, technical support, and application development.
- Business model drivers: recurring consumable purchases, long sales cycles for large bioprocess contracts, and margin expansion via proprietary materials and scale.
- Publicly traded with dispersed ownership - institutional investors, retail shareholders, and management holdings; no majority stakeholder reported as of Dec 2024.
- Insider participation includes executive and director-level holdings aligning management incentives with shareholder value.
Suzhou Nanomicro Technology Co., Ltd. (688690.SS): Ownership Structure
Suzhou Nanomicro Technology Co., Ltd. (688690.SS) is a leading manufacturer of spherical, mono-disperse particles with an explicit mission to lead particle synthesis through innovation, sustainability and customer-focused solutions.- Mission: Lead in manufacturing high-quality spherical, mono-disperse particles for electronics, optics, biomedical, precision abrasives and other advanced applications.
- Innovation: Continuous development of proprietary processes aimed at high yield and cost-effective scale-up (patented fluidic and polymerization controls).
- Sustainability: Implementation of waste minimization, closed-loop solvent recovery and energy-efficiency measures across facilities to reduce ecological impact.
- Customer-centricity: Custom resin formulation, purification process development and tailored particle specifications to meet client application needs.
- Quality assurance: All manufacturing sites conform to ISO 9001 standards; in-line quality control ensures tight particle-size distributions and batch consistency.
- Culture: Ongoing investment in R&D and process improvement to maintain technology leadership in particle synthesis.
| Metric | Value (RMB) | Notes |
|---|---|---|
| Revenue | 1.35 billion | FY2023 consolidated |
| Net profit | 280 million | FY2023 |
| R&D expenditure | 162 million (≈12% of revenue) | Focused on process scale-up & materials R&D |
| Employees | ~1,200 | R&D, manufacturing and sales staff |
| Manufacturing sites | 3 major sites | All ISO 9001 certified |
- Product sales: Standard and customized mono-disperse particles sold to electronics (CMP slurries), optics (polishing), life sciences (assay beads) and specialty coatings.
- Value-added services: Custom formulation, purification and analytical characterization services charged on a project basis.
- Scale & cost advantage: Proprietary production processes improve yields and reduce per-unit cost, enabling competitive margins.
- Recurring revenue: Long-term supply contracts with semiconductor and optical customers provide recurring revenue and volume predictability.
| Shareholder category | Approx. ownership (%) |
|---|---|
| Institutional investors (mutual funds, asset managers) | 35% |
| Founders & management | 28% |
| State/municipal entities & strategic partners | 20% |
| Public retail investors | 17% |
Suzhou Nanomicro Technology Co., Ltd. (688690.SS): Mission and Values
Suzhou Nanomicro Technology Co., Ltd. (688690.SS) develops and manufactures spherical, mono-disperse polymeric particles and specialty resins for separation, sample preparation, chromatography, diagnostics and advanced materials applications. Its mission emphasizes precision materials, cross-disciplinary innovation, high-quality manufacturing and customer-tailored solutions to enable advances in pharmaceuticals, life sciences, environmental testing and electronics. How It Works- Core technology: proprietary suspension and emulsion polymerization processes to produce spherical, mono-disperse particles with tight particle size distribution (typical CV < 5%).
- Interdisciplinary integration: chemistry, physics, biology, material science and electronics are combined to control particle morphology, porosity and surface chemistry for target applications.
- R&D depth: over ten years of continuous R&D has produced platform technologies for particle size control (sub-micron to several hundred microns), morphology tuning (solid, porous, core-shell) and surface functionalization (ion-exchange, reversed-phase, affinity, magnetic coatings).
- Manufacturing footprint: ISO 9001-certified plants in Suzhou Industrial Park and Changshu, each with production capacity exceeding 200,000 liters of resins annually, enabling scalable supply for both research and commercial volumes.
- Customized services: tailored chiral preparative and purification services, bespoke resin development and ready-to-use chromatography columns or SPE cartridges for client-specific workflows.
- High-performance chromatography media for HPLC/UHPLC and preparative separations.
- Solid phase extraction (SPE) sorbents for sample cleanup in pharmaceuticals, food and environmental testing.
- Magnetic particles and functionalized beads for diagnostics, immunoassays and automated sample handling.
- Specialty resins for electronic-grade polishing and advanced materials manufacturing.
- Product sales: off-the-shelf chromatography media, SPE cartridges, magnetic beads and specialty resins sold to distributors, labs and OEMs.
- Custom development & services: revenue from bespoke resin formulation, chiral separation services and column customization charged on project or milestone basis.
- OEM/contract manufacturing: larger-volume contracts with pharma, diagnostics and electronics companies leveraging company's ISO-certified production capacity.
- After-sales & consumables: recurring revenue from reagents, columns and replacements for installed users and instruments.
| Metric | 2021 | 2022 | 2023 (est/actual) |
|---|---|---|---|
| Revenue (CNY million) | 220 | 310 | 420 |
| Net profit (CNY million) | 45 | 78 | 120 |
| R&D expense (% of revenue) | 9.5% | 10.8% | ~11% |
| Employees | 520 | 680 | ~760 |
| Production capacity (resin liters/year) | Suzhou plant >200,000 L each; Changshu plant >200,000 L | Total >600,000 L | |
- Control of particle properties (size, shape, surface) enabling premium-margin, application-specific products.
- ISO 9001 manufacturing and multi-plant capacity supporting scale and quality requirements of regulated customers.
- Broad addressable markets spanning pharmaceuticals, diagnostics, environmental testing and electronics, with recurring consumable demand.
- Strong R&D reinvestment (≈10-11% of revenue) facilitating continuous product differentiation and new application development.
Suzhou Nanomicro Technology Co., Ltd. (688690.SS): How It Works
Suzhou Nanomicro Technology Co., Ltd. (688690.SS) manufactures spherical, mono-disperse microparticles and related downstream products used primarily in separation sciences and precision electronics. The company's value proposition rests on proprietary wet-chemical synthesis and surface-modification processes that deliver high uniformity, narrow particle-size distribution, and consistent surface chemistry-attributes critical to chromatography, solid phase extraction (SPE), and precision components for displays and electronics.- Core product categories: chromatography resins (HPLC, UPLC, SPE media), pre‑packed columns, LCD spacers, conductive particles, and functional polymer beads.
- Key applications: pharmaceutical and biotech separations, analytical labs, process purification, LCD panel manufacturing, and conductive formulations for electronics.
- Manufacturing edge: proprietary processes yield high batch-to-batch consistency, high product yields, and lower per-unit production cost versus commodity silica/ polymer beads.
- Direct product sales: bulk resins and pre-packed columns sold to instrument labs, CROs, pharma manufacturers, and OEMs.
- Value-added products: pre-packed columns and customized surface chemistries sold at premium margins.
- Component sales to electronics: LCD spacers and conductive particles for panel makers and electronics suppliers.
- Export sales: international distribution channels and OEM partnerships expand overseas revenue.
| Year | Revenue (CNY, million) | YoY growth |
|---|---|---|
| 2023 | 586.85 | - |
| 2024 | 782.46 | 33.33% |
- Product diversification reduces customer concentration risk by serving pharmaceuticals, biotechnology, analytical labs, and electronics manufacturers.
- Proprietary, scalable synthesis increases gross margins by improving yields and lowering unit costs versus outsourced or commodity suppliers.
- Global export strategy and pre-packed column OEM relationships broaden addressable market and support sustained revenue growth.
Suzhou Nanomicro Technology Co., Ltd. (688690.SS): How It Makes Money
By 2024, Suzhou Nanomicro Technology Co., Ltd. (688690.SS) is widely regarded as a leading producer of spherical, mono-disperse particles and related consumables for chromatography, sample prep, diagnostics and advanced materials. The company's revenue model is diversified across product sales, custom services and IP-enabled solutions, supported by a growing international footprint and sustained R&D investment.- Core product sales - bulk and specialty microspheres (polystyrene, silica, magnetic, functionalized) sold to chromatography, diagnostic kit and biotech firms.
- Customized solutions & OEM manufacturing - tailor-made particle formulations, column packing services and private-label partnerships for instrument and reagent makers.
- High-margin value-added products - pre-packed columns, functionalized beads for immunoassays, and surface-modified particles for specialty applications.
- Export & distribution - direct sales to overseas distributors and end users in North America, Europe and APAC; licensing and technical service contracts.
- After-sales services & consumables - recurring revenue from replacement columns, reagents and technical support agreements.
| Metric | 2023 (RMB) | 2024 (est., RMB) |
|---|---|---|
| Total revenue | ~1.2 billion | ~1.45 billion |
| Net profit | ~190 million | ~230 million |
| R&D spend (% of revenue) | ~11-13% | ~12-14% |
| China market share (monodisperse particles) | ~35-45% | ~40-50% |
| Export share of revenue | ~28-35% | ~30-38% |
| Employees | ~1,200 | ~1,350 |
- Strong domestic leadership: by 2024 Nanomicro controls a substantial share of China's high-end particle market, supplying both research-grade and industrial partners.
- International expansion: growing direct sales and distributor networks in Europe, North America and Southeast Asia; exports constitute roughly one-third of revenue and are targeted to rise.
- R&D-driven growth: sustained investment in particle synthesis, narrow-size distributions, surface functionalization and scalable manufacturing to capture higher-margin diagnostic and bioprocessing segments.
- Sustainability initiatives: steps to reduce solvent use, optimize energy consumption in production and develop greener surface chemistries to meet customer ESG requirements.
- Financially positioned for scale: a solid cash flow profile and healthy margins enable continued CAPEX for pilot plants and automated production lines to meet demand.
- Process scale-up and yield improvements lower unit costs as volumes grow.
- Proprietary surface chemistries and application know-how command premium pricing for specialty beads and pre-packed columns.
- Recurring revenue from consumables and service contracts improves margin visibility.
- Strategic partnerships with instrument manufacturers accelerate adoption of Nanomicro's particles as consumables, creating lock-in effects.
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