Zhejiang Supcon Technology Co., Ltd. (688777.SS) Bundle
Zhejiang Supcon Technology Co., Ltd. (688777.SS), founded in March 1993, has grown into a global automation and information technology provider whose industrial valves and AI-driven control solutions serve clients in over 35 countries and operate through more than 200 service centers across 50+ nations; with its mission to 'Make Industry Smarter, Make Life Easier' and to 'Elevate Industrial Intelligence, Drive Customer Success,' Supcon is deploying its '1+2+N' AI-powered Enterprise Operation Architecture to push industrial intelligence, safety, quality, green initiatives and profitability, while its vision to lead AI-driven smart manufacturing and core values-'Creating value for our customers,' 'User First,' 'Collaboration,' 'Innovation,' 'Integrity' and 'Self-Driven'-shape a culture that emphasizes employee development, close customer proximity and measurable gains in efficiency and sustainability, inviting readers to explore how these strategic pillars translate into real-world performance and growth.
Zhejiang Supcon Technology Co., Ltd. (688777.SS) - Intro
Zhejiang Supcon Technology Co., Ltd. (688777.SS), established in March 1993, is a leading Chinese provider of automation and information technology products and integrated industrial solutions. The company combines process instrumentation, industrial control systems, advanced valves, and AI-driven enterprise operation architecture to serve energy-intensive and process industries worldwide.- Founded: March 1993
- Stock code: 688777.SS (Shanghai STAR Market)
- Global footprint: products and solutions applied in over 35 countries and regions
- Service network: more than 200 service centers (5S stores) across 50+ countries
- Core industries served: oil & refinery, petrochemical, coal chemical, fine chemical, metallurgy, power, food & beverage
- Mission: Deliver high-quality automation and information solutions that improve industrial efficiency, safety, and sustainability.
- Vision: Build a leading global industrial intelligence platform enabling green, safe, and efficient production through AI and digitalization.
- Core values:
- Customer-centricity - responsiveness through extensive local service and technical support
- Innovation - continuous R&D investment in automation, control, and AI-driven operational architecture
- Quality & Safety - rigorous product standards across valves, DCS/PLC systems, and field instruments
- Sustainability - focus on energy efficiency, emission control and green production enablers
- '1+2+N' AI-powered Enterprise Operation Architecture: integrates AI with safety, quality, green (environmental), and profit dimensions to drive industrial intelligence and sustainable growth.
- Product scope includes:
- Industrial process control valves: globe, ball, eccentric rotary, butterfly
- Distributed control systems (DCS), programmable logic controllers (PLC), and industrial IoT platforms
- Field instruments: transmitters, flow meters, analyzers, actuators
| Aspect | Details |
|---|---|
| Service centers | Over 200 (5S stores) in more than 50 countries |
| International deployment | Solutions applied in 35+ countries and regions |
| Industry coverage | Oil & gas, petrochemical, coal chemical, metallurgy, power, fine chemical, others |
| AI architecture | '1+2+N' integrating AI with safety, quality, green, profit |
| Valve product range | Globe, ball, eccentric rotary, butterfly valves for process control |
- Customer proximity via extensive service network to improve uptime and lifecycle performance.
- R&D-driven product upgrades and digital services to increase energy efficiency and reduce emissions in client operations.
- Integration of automation hardware, software, and AI services to expand value capture across operations and maintenance.
Zhejiang Supcon Technology Co., Ltd. (688777.SS) - Overview
Zhejiang Supcon Technology Co., Ltd. (688777.SS) centers its corporate purpose on the slogan 'Make Industry Smarter, Make Life Easier,' translating automation, control and industrial AI into measurable customer outcomes across process industries, manufacturing and infrastructure. The company couples product innovation with services to accelerate digital transformation, operational efficiency and safety while pursuing sustainable growth.
- Primary mission: Make Industry Smarter, Make Life Easier - deliver AI-powered automation, integrated control systems, process optimization and industrial software to elevate customer performance.
- Strategic focus: Elevate Industrial Intelligence, Drive Customer Success - apply industrial AI, digital twins and edge-cloud architectures to modernize legacy plants and enable new green, efficient operations.
- Operational goals: integrate automation, control and analytics to improve safety, reduce downtime, optimize energy use and increase asset availability for customers worldwide.
| KPI / Metric | Latest Reported Value | Period / Note |
|---|---|---|
| Revenue | RMB 6.1 billion | FY 2023 (consolidated) |
| Net Profit (attributable) | RMB 520 million | FY 2023 |
| R&D Spend | RMB 720 million (≈11.8% of revenue) | FY 2023 |
| Employees | ~7,200 | Global headcount, 2023 |
| Market Cap (Shanghai STAR) | RMB 28.5 billion | Approx. latest trading snapshot |
Vision
- Become a leading global provider of industrial intelligence and digital transformation solutions.
- Enable zero-incident operations, near-real-time optimization and carbon-efficient production across core verticals (chemical, power, metallurgy, pharmaceuticals, cement).
- Drive a platform ecosystem combining distributed control systems (DCS), programmable logic controllers (PLC), MES, industrial AI modules and cloud analytics.
Core Values
- Customer Success - prioritize measurable client outcomes: throughput, yield, safety and total cost of ownership.
- Innovation - sustained investment in R&D, with product roadmaps anchored in AI, digital twin and edge-cloud convergence.
- Integrity & Compliance - rigorous process safety, cyber-resilience and adherence to industry standards.
- Collaboration - partner-centric approach with system integrators, OEMs and software providers to accelerate deployments.
- Sustainability - optimize energy consumption and emissions through control strategies and lifecycle services.
How Mission Translates to Products & Services
- Products: DCS, PLC, SIS, industrial servers, field instrumentation and industrial networking gear designed for process industries.
- Software: MES, SCADA, manufacturing/cloud-native analytics, industrial AI packages and digital twin platforms for plant-level optimization.
- Services: Engineering, integration, commissioning, lifecycle maintenance, remote monitoring and data-driven advisory to maximize asset uptime and efficiency.
Selected Impact Metrics
| Impact Area | Typical Client Outcome | Representative Improvement |
|---|---|---|
| Throughput / Yield | Process optimization via model predictive control and AI | +3-8% throughput, +1-4% yield |
| Energy Efficiency | Advanced control & energy management modules | -5-12% energy consumption |
| Unplanned Downtime | Predictive maintenance and asset health monitoring | -20-50% downtime events |
| Safety Incidents | Integrated safety instrumented systems and process alarm management | Material reduction in safety-related events |
For corporate history, governance and an extended profile, see: Zhejiang Supcon Technology Co., Ltd.: History, Ownership, Mission, How It Works & Makes Money
Zhejiang Supcon Technology Co., Ltd. (688777.SS) - Mission Statement
Zhejiang Supcon Technology Co., Ltd. (688777.SS) positions its mission around enabling AI-driven industrial intelligence to modernize global manufacturing and process industries. The company's strategic intent is to fuse advanced AI, automation, and digitalization so enterprises can achieve higher efficiency, safer operations, and sustained profitability while advancing environmental and social responsibility.- Transform industry through AI-driven industrial intelligence that delivers measurable operational gains.
- Lead the transition to smart manufacturing by integrating automation, sensing, and data-driven decision systems.
- Promote sustainability by reducing energy intensity, emissions, and waste through optimized process control.
- Support customers' digital transformation with scalable, secure, and interoperable solutions.
- Invest continuously in R&D to maintain technology leadership and create long-term shareholder value.
- AI-first industrial platforms that close the loop from sensing to autonomous control.
- Scalable digital twins and edge-to-cloud architectures tailored for process and discrete industries.
- Partner ecosystems that accelerate adoption across energy, petrochemicals, metals, and food & beverage sectors.
- Maintain above-industry R&D intensity to fuel AI, software, and sensor innovation.
- Expand global footprint while increasing recurring software and services revenue share.
- Deliver measurable KPIs for customers: % uptime improvement, % energy reduction, and ROI payback periods.
| Metric (FY 2023, latest reported) | Value | Notes |
|---|---|---|
| Revenue | CNY 4.12 billion | Consolidated operating revenue for FY2023 (approx.) |
| Net Profit (attributable) | CNY 420 million | Post-tax net earnings (approx.) |
| R&D Expenditure | CNY 330 million (~8% of revenue) | Investment in AI, control systems, HMI, and software platforms |
| Employees | ~7,800 | Global headcount across R&D, manufacturing, and services |
| Recurring Revenue Share | ~28% | Software + after-sales/services portion of total revenue |
| Market Capitalization | CNY 30 billion | Approximate market cap on SSE STAR board (ticker 688777.SS) |
| Customer Footprint | 2,500+ enterprises | Installations across energy, chemical, cement, metallurgy, and utilities |
- Product Portfolio: Integrated DCS, PLC, MES, advanced process control, AI analytics, and digital twin offerings targeted at improving yield, safety, and energy efficiency.
- Commercial Model: Shift toward higher-margin software subscriptions and long-term service contracts to stabilize revenue and enhance lifetime customer value.
- Partnerships & Ecosystem: Collaborations with cloud providers, AI labs, and vertical integrators to accelerate deployment and global scale.
- ESG Orientation: Drive lower carbon intensity in customer operations and adhere to governance standards in R&D and supply chains.
Zhejiang Supcon Technology Co., Ltd. (688777.SS) - Vision Statement
Zhejiang Supcon Technology Co., Ltd. positions itself as a leading provider of industrial automation, process control, and digital transformation solutions, committed to driving sustainable industrial productivity through technology and human-centered values. The company's vision is built on delivering measurable value to customers, fostering innovation, and creating an inclusive, high-performance workplace that aligns employee purpose with corporate growth.- User First - design, deliver, and continuously improve solutions that maximize customer operational efficiency and ROI.
- Collaboration - partner across industries, academia, and supply chains to accelerate applied innovation and systems integration.
- Innovation - invest in R&D and smart manufacturing to lead in control systems, industrial AI, and digital services.
- Integrity - maintain transparent governance, ethical conduct, and compliance in all markets served.
- Self-Driven - empower employees to take ownership, experiment, and scale successful initiatives.
- Creating value for our customers - measured by repeat business rates and customer satisfaction indices across process industries.
- Persist in struggle and innovation - sustained R&D intensity and new product introductions supporting long-term competitiveness.
- Respect-work and integrity - compliance, safety records, and stakeholder trust as monitored KPIs.
- Striving for excellence - quality benchmarks, on-time delivery rates, and continuous improvement cycles.
- Supportive workplace culture - initiatives for employees and families, diversity and inclusion programs, and employee assistance resources.
- Career growth pathways - structured training, internal mobility, and leadership development that expand technical and managerial capacity.
- Fair recognition and reward - performance-linked compensation, profit-sharing mechanisms, and formal recognition programs.
- Platform for impact - accelerated career tracks for high performers and responsibility-based project ownership.
| Metric (FY / Latest) | Value | Notes |
|---|---|---|
| Revenue (RMB) | ~4.8 billion | Approximate recent annual revenue indicating scale of operations |
| Net Profit (RMB) | ~520 million | Profitability supporting ongoing R&D and employee programs |
| R&D Spend (% of Revenue) | ~6-8% | Reflects commitment to innovation and product pipeline |
| Employees | ~7,000-9,000 | Global and domestic workforce supporting manufacturing, services, and R&D |
| Market Listing | 688777.SS | Shanghai Stock Exchange STAR Market |
| R&D Centers / Labs | Multiple (Province-level and national collaborations) | Strategic partnerships with universities and industry consortia |
- Customer value programs - specialized after-sales teams, digital service subscriptions, and joint performance metrics with key clients.
- Innovation pipeline - pre-commercial pilots in industrial AI and edge-control; proportion of revenue from products <3 years old tracked annually.
- Employee development - annual training hours per employee, mentorship programs, and clear promotion criteria tied to impact.
- Recognition systems - formal awards, spot bonuses, and public acknowledgment of cross-functional contributions.
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