Brief Introduction

The roots of Suzhou Mingzhi Technology Co. Ltd date back to 2003. Today we have over 800 dedicated employees spread over two divisions: Mingzhi Technology Equipment and Mingzhi Technology Castings.

Mingzhi Technology's Equipment Division is a world-class producer of high-end core shop equipment. From our facilities in China and Europe, we design, develop and produce core shop solutions that include a wide range of core shooters for various processes, sand preparation equipment, gassing units, core handling equipment, core package solutions using sand-precision casting technology, core-boxes and tooling. We engineer comprehensive proposals to meet unique core production requirements for customers worldwide.

The Mingzhi Technology Casting Division is a major supplier of high-end and complex aluminum castings designed and produced out of our quality management and safety certified foundries. In close partnership with our key OEM customers, we deliver castings such as Heat Exchangers for Condensing Boilers, Locomotive and Valve components and Commercial vehicle parts. We offer turnkey casting solutions from design to delivery, as well as core and casting prototype production for customers.

Mingzhi Technology emphasizes technology innovation as a key strategy by applying our know-how in ongoing, growing foundry production demands and foundry equipment development. At Mingzhi, we are forward looking, always keeping our pulse on the trends in the foundry industry to improve our own products and services. For this reason, we continue to develop new casting technologies that are environmentally sound and create constant development to positively impact the future of the foundry industry.

Company Overview

Full name Suzhou Mingzhi Technology Co., Ltd.
Abbreviations MZKJ
Code 688355
Founded 2003-01-14
Listing 2021-05-12
Domicile No. 1999 West Tongxiao Road Suzhou
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No



  2020 2019 2018
Earnings Per Share 1.28 0.87 0.33
R&D expenditure as a % of operating revenue 4.34% 4.24% 5.81%
Operating Revenue 612.47 589.97 470.64
Net Income 117.69 74.12 28.36

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 612.47 589.97 470.64
Operating Costs 371.15 380.88 294.94
Operating Income 138.66 88.45 37.34
Pretax Income 138.71 86.75 38.14
Income Tax 21.01 12.63 9.78
Net Income 117.69 74.12 28.36

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Current Assets-Total 566.76 522.48 501.05
Non-current Assets-Total 216.83 220.33 174.30
Total Assets 783.58 742.82 675.35
Current Liabilities-Total 30,4.09 37,920.47 39,558.22
Non-current Liabilities-Total 2,5.42 2,825.84 428.27
Total Liabilities 32,9.51 40,746.30 39,986.49
Stockholder's Equity
Share Capital 285.87 285.87 55.48
Retained Profits 168.20 49.48 220.00
Total Owners' Equity 454.07 335.35 275.48

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 144.31 65.73 70.79
Net Cash Flows-Investing -61.69 -74.68 -35.97
Net Cash Flows-Financing -48.41 56.92 -31.06

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
Wu Qinfang 42.39 45.92%
Qiu He 42.39 45.92%
Suzhou Zhixin Enterprise Management Partnership (Limited Partnership) 2.62 2.84%
Suzhou Zhiyuan Enterprise Management Partnership (Limited Partnership) 2.61 2.82%
Wujiang Dongyun Venture Capital Co. Ltd 1.85 2.00%
Suzhou Wujiang Chuangxun Venture Capital Co. Ltd 0.46 0.50%
As of 2021-03-31

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