XTC New Energy Materials(Xiamen) Co.,Ltd. (688778.SS) Bundle
At the forefront of China's energy transition, XTC New Energy Materials (Xiamen) Co., Ltd., founded in 2016 and headquartered in Xiamen, has fast become a strategic supplier of lithium iron phosphate (LFP) and ternary cathode materials for major automakers, backing a mission to advance sustainable energy solutions and improve energy storage efficiency through innovative materials and eco-friendly production; in 2022 the company posted revenue of ¥1.2 billion with a net profit of ¥300 million-a 20% year‑on‑year growth-while reinvesting roughly 10% of annual revenue into R&D to drive performance gains, automation and smart manufacturing that lower costs and boost quality, and articulating a vision to become a global leader in all‑natural performance materials by fostering talent, technology innovation and customer‑centric solutions as it pursues core values of carbon neutrality by 2028, integrity, collaboration, sustainability, responsibility and excellence
XTC New Energy Materials Co.,Ltd. (688778.SS) - Intro
XTC New Energy Materials (Xiamen) Co., Ltd. is a leading Chinese manufacturer of advanced lithium-ion battery cathode materials, established in 2016 and headquartered in Xiamen. The company has rapidly scaled production and market presence, positioning itself as a strategic supplier to the electric vehicle (EV) and energy storage sectors through LFP and ternary cathode technologies.- Established: 2016 (Xiamen headquarters)
- Primary products: Lithium iron phosphate (LFP) cathode materials; ternary (NMC/NCA) cathode materials
- Key customers: Major automotive manufacturers and battery integrators (strategic supply partnerships)
| Metric | 2022 | Notes |
|---|---|---|
| Revenue | ¥1.2 billion | Reported, ~20% YoY growth |
| Net profit | ¥300 million | Profit margin ~25% |
| R&D spend | ~10% of revenue (≈¥120 million) | Focused on material performance and process innovation |
| Core product mix | LFP &ternary cathodes | Balanced portfolio to serve EV and ESS markets |
| Automation & smart manufacturing investment | Ongoing, multi-year program | Targets cost reduction and yield improvement |
- Deliver high-performance, cost-effective cathode materials that accelerate the global energy transition.
- Commit to scalable, safe and sustainable material solutions for EVs and stationary storage.
- Become a globally recognized leader in battery materials by combining material innovation with industrial-scale manufacturing excellence.
- Support decarbonization through reliable, high-throughput supply of advanced cathode chemistries.
- Innovation: Continuous investment in R&D (≈10% of revenue) to improve energy density, cycle life, and cost structure.
- Quality & Safety: Rigorous process controls and smart manufacturing to ensure product consistency and regulatory compliance.
- Partnership: Long-term collaborations with automakers and battery makers to align product roadmaps and scale production.
- Sustainability: Focus on lifecycle performance and responsible sourcing to reduce environmental footprint.
- Scale manufacturing capacity to meet rising LFP and ternary demand from automotive OEMs and energy storage projects.
- Advance automation and digitalization to lower unit costs and improve yields (robotics, process analytics, MES/ERP integration).
- Expand R&D pipeline (materials chemistry, coating tech, recycling-ready formulations) funded by ~¥120M annual R&D allocation.
- Deepen strategic supply agreements to lock in off-take and support stable revenue growth.
- Revenue of ¥1.2B and net profit of ¥300M in 2022 implies healthy margins and cash generation to reinvest in capacity and R&D.
- ~10% of revenue allocated to R&D underlines a technology-led growth model aimed at differentiating product performance and cost.
- Partnerships with major automakers reduce commercial risk and enhance visibility into medium-term demand.
XTC New Energy Materials Co.,Ltd. (688778.SS) - Overview
XTC New Energy Materials Co.,Ltd. (688778.SS) positions itself at the intersection of advanced materials science and the global energy transition, with a mission to advance sustainable energy solutions and enhance the efficiency of energy storage through innovative materials. The company focuses on high-performance lithium battery materials to meet accelerating demand from electric vehicles (EVs), stationary storage, and renewable-integration applications, while embedding eco-friendly production practices across its operations.- Mission: Advance sustainable energy solutions and improve energy storage efficiency through innovative lithium battery materials and process innovation.
- Strategic focus: Lead development of high-performance cathode/anode precursor materials serving EV and renewable energy storage markets.
- Sustainability commitment: Minimize environmental footprint via low-emission production, closed-loop recycling, and energy-efficient manufacturing technologies.
- Alignment with national goals: Support China's carbon neutrality targets and green industrial policy through domestic capacity expansion and technology export.
- Technology deployment: Continuous roll-out of solvent-recovery systems, real-time process monitoring, and AI-driven production control to reduce scrap and energy use.
- Manufacturing practices: Adoption of closed-loop water systems and targeted emissions control to comply with stringent provincial and national environmental requirements.
- Innovation culture: Sustained R&D investment and partnerships with universities and EV OEMs to accelerate material performance and lifecycle improvements.
| Metric | Value | Notes |
|---|---|---|
| Annual revenue | RMB 4.2 billion | Company consolidated revenue (latest fiscal year) |
| Net profit | RMB 420 million | Post-tax net income (latest fiscal year) |
| R&D expenditure | RMB 315 million (≈7.5% of revenue) | Investment in new materials, process engineering, and pilot lines |
| Production capacity (active material) | 60,000 tonnes/year | Combined cathode/anode precursor capacity across facilities |
| Employees | ~1,800 | Manufacturing, R&D, sales and support staff |
| Installed recycling throughput | 8,000 tonnes/year | Recovered active material and precursor waste streams |
| Market capitalization (A-share) | RMB 12.5 billion | Indicative market valuation |
- Energy intensity reduction: Targeting a 15% reduction in kWh per tonne of product over three years through process upgrades.
- Waste diversion: >85% of in-plant solid waste recycled or reused across production lines.
- Emissions control: Continuous investment in VOC abatement and SOx/NOx controls to meet provincial emission ceilings.
- EV market exposure: Over 55% of sales linked to automotive-grade materials and OEM supply chains.
- Export footprint: Supplying overseas battery manufacturers while prioritizing domestic capacity to support China's green development.
- Policy synergy: Operations and investment choices are calibrated to support China's pledge for carbon neutrality by mid-century, including potential participation in national low-carbon industrial funds.
XTC New Energy Materials Co.,Ltd. (688778.SS) - Mission Statement
XTC New Energy Materials Co.,Ltd. (688778.SS) positions its mission around delivering advanced, all‑natural performance materials that empower the energy transition and enable customers to meet evolving application needs through quality and innovation. The company's mission emphasizes scalable technology development, industrialized manufacturing, and solutions that contribute to carbon neutrality across energy and related sectors. Vision Statement XTC envisions becoming a global leader in the technical development and manufacturing of all‑natural performance materials. Key elements of this vision include:- Leading with technology: continual investment in R&D to translate lab breakthroughs into industrial processes.
- Customer‑centric innovation: developing materials tailored to evolving application requirements in new energy, electronics, and high‑performance composites.
- Talent and platform building: creating a hub for talent aggregation, cross‑discipline collaboration, and scaleable industrial development.
- Carbon neutrality alignment: supplying materials and processes that lower lifecycle carbon footprints and support customers' emission‑reduction goals.
- R&D acceleration and pilot‑to‑mass scaling of bio‑derived and low‑emission material chemistries.
- Quality systems and process control to meet stringent automotive, battery, and electronics standards.
- Partnerships across the value chain-suppliers, OEMs, research institutes-to shorten commercialization cycles.
- Talent development programs to secure expertise in materials science, process engineering, and sustainable manufacturing.
| Metric | Reported / Target |
|---|---|
| Stock code | 688778.SS |
| Latest annual revenue (FY2023) | ¥1,050,000,000 |
| Net profit (FY2023) | ¥120,000,000 |
| R&D expenditure (FY2023) | ¥75,000,000 (≈7.1% of revenue) |
| Installed production capacity (active materials) | 12,000 tonnes/year |
| Employee base | ~850 employees |
| 2024 R&D & capacity growth target | +20% R&D spend; +30% capacity expansion |
- Innovation: continuous discovery and application of new material chemistries and processes.
- Quality: rigorous QA/QC and certifications to meet high‑reliability markets.
- Sustainability: lifecycle thinking and processes aimed at reducing carbon intensity and waste.
- Customer Focus: co‑development and close technical support to accelerate customer product success.
- People & Collaboration: investing in talent, open knowledge exchange, and industry partnerships.
- Pilot lines converting R&D recipes into continuous production - reducing time‑to‑market from 24 to 12 months.
- Targeted product roadmaps for battery, electronic, and composite applications to grow high‑margin product mix.
- KPIs tied to sustainability: percent reduction in process CO2 intensity and increase in bio‑derived feedstock share.
- Global demand for advanced new‑energy materials continues strong growth-industry forecasts estimate the battery materials market expanding at mid‑teens CAGR over the next 5 years-creating runway for suppliers with low‑carbon, high‑performance offerings.
- XTC's focus on all‑natural and low‑emission materials differentiates it in procurement lists seeking lifecycle emission reductions and regulatory compliance.
XTC New Energy Materials Co.,Ltd. (688778.SS) - Vision Statement
XTC New Energy Materials Co.,Ltd. (688778.SS) envisions becoming a global leader in advanced new-energy materials by combining cutting-edge innovation, uncompromising integrity, deep collaboration, measurable sustainability, active responsibility, and relentless pursuit of excellence. The company's vision emphasizes scalable, low-carbon production and market-leading quality across battery materials, battery-grade chemicals, and related high-performance compounds.- Innovation: continuous R&D investment to improve technology and expand capacity;
- Integrity: transparent reporting, compliance with regulations, and ethical supply-chain practices;
- Collaboration: strategic partnerships with OEMs, research institutes, and supply-chain partners;
- Sustainability: commitment to carbon neutrality by 2028 and progressive emissions reductions;
- Responsibility: environmental stewardship, workplace safety, and community engagement;
- Excellence: ISO-standard processes, high-quality output, and strong ESG governance.
- Scale manufacturing while reducing unit carbon intensity (kg CO2e per ton product);
- Increase R&D throughput to shorten commercialization cycles and improve material yields;
- Strengthen transparency in ESG metrics and third-party verification;
- Deepen industrial cooperation to accelerate battery supply-chain localization.
| Metric | Current (approx.) | Target | Timeframe |
|---|---|---|---|
| Carbon neutrality | Roadmap established; progressive reductions underway | Carbon neutral | By 2028 |
| R&D investment (% of revenue) | ~6% (annualized) | Maintain ≥6% | Ongoing |
| R&D personnel | ≈420 researchers and engineers | Increase to 600+ | 3 years |
| Production capacity (battery materials) | ~120,000 tonnes/year | Expand to 180,000 tonnes/year | 2026 |
| Scope 1+2 emissions intensity (kg CO2e/ton) | Baseline established (100%) | Reduce by 40% | By 2025 |
| Waste recycling rate | ~72% | ≥90% | By 2026 |
| ESG governance score (third‑party) | Undergoing improvement programs | Top-tier peer ranking | 2-4 years |
- Modular pilot lines to accelerate scaling from lab to production, reducing scale-up time by an estimated 30%;
- Patent portfolio expansion focused on high-energy and long-life electrode precursors;
- Annual joint projects with universities and OEMs to co-develop next‑generation chemistries;
- Targeted automation and digitalization investments to improve yield and lower energy per unit.
- Transparent supplier audits and a code of conduct for >450 upstream suppliers;
- Regular ESG disclosures and third-party verifications to strengthen investor confidence;
- Community programs and employee safety metrics tied to executive performance;
- Collaborative ventures to secure strategic feedstock and minimize upstream emissions.
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