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.
| 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 |
| Website | www.mingzhi-tech.com |
| securities@mingzhi-tech.com | |
| 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 |
| 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 |
| 2020 | 2019 | 2018 | |
|---|---|---|---|
| Assets | |||
| 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 |
| Liabilities | |||
| 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 |
| 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 |
| 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% |
All information contained herein is provided by the underlying company itself and is for informational purposes only, and nothing contained herein should be construed as investment advice, either on behalf of a particular security or an overall investment strategy. The Shanghai Stock Exchange does not guarantee its accuracy and reliability and shall under no circumstance be responsible or liable for any error or for any loss directly or indirectly arising from any inaccuracy or omission or from any decision, action or non-action based on or in reliance upon the information herein.
Users may view and download the information herein for personal and non-commercial use free of charge subject to the laws of the People's Republic of China and the Legal Statement. No part of the information herein may be copied, downloaded, stored in a retrieval system or transmitted in any form or by any means, rented, displayed, performed, reproduced, photocopied, altered, sold, broadcast, published or otherwise in whole or in part in any manner for commercial purposes, without the prior written consent of the Shanghai Stock Exchange.
Users are hereby reminded that the Legal Statement represents your legally binding agreement with the Shanghai Stock Exchange. By accessing or using this website, you are also signifying your agreement with and acceptance of all the contents in the Legal Statement. The Shanghai Stock Exchange reserves the right to amend and interpret the Legal Statement.