Zhejiang Great Southeast Corp.Ltd (002263.SZ) Bundle
From its founding in 1975 as Zhejiang Great Southeast Packaging Group to its Shenzhen Stock Exchange debut under 002263 in June 2008, Zhejiang Great Southeast Corp. Ltd. has transformed from a plastic-film maker into a diversified industrial player-launching a lithium-ion battery membrane institute in 2012, acquiring Shanghai UT Game Technology in 2014, and by 2025 reporting revenue of 1.29 billion CNY with a net income of 50.83 million CNY, supported by a market capitalization of 7.34 billion CNY (November 2025) and roughly 1.88 billion shares outstanding; driven by a mission of "perseverance and innovation," the company sells BOPET, BOPP and casting polypropylene films, EVA solar photovoltaic encapsulation, lithium-ion battery materials, thermal transfer and medical packaging across electronics, chemical, pharmaceutical and military sectors, leverages university partnerships and its National Key New High-tech Enterprise status to push R&D, and pairs steady institutional ownership, a beta of 0.75 and a 52‑week price range of 2.02-4.85 CNY with strategic diversification to capture both industrial and gaming revenue streams
Zhejiang Great Southeast Corp.Ltd (002263.SZ) - Intro
Zhejiang Great Southeast Corp.Ltd (002263.SZ) traces its roots to 1975 when it was founded as Zhejiang Great Southeast Packaging Group Corp., Ltd with a core focus on plastic film production. Over five decades the company diversified into upstream materials, new-energy battery components and non-related acquisitions, evolving from a packaging manufacturer to a mixed industrial group listed on the Shenzhen Stock Exchange since June 2008.- Founded: 1975 as Zhejiang Great Southeast Packaging Group Corp., Ltd - primary focus: plastic film.
- IPO: June 2008 - listed on Shenzhen Stock Exchange, ticker 002263.SZ.
- R&D expansion: 2012 - established Zhejiang Great Southeast Lithium-ion Battery Membrane Institute to develop lithium-ion battery-related products and membrane technology.
- Diversification: 2014 - acquired Shanghai UT Game Technology Co., Ltd, adding gaming/software business to the portfolio.
| Milestone | Year | Significance |
|---|---|---|
| Company Establishment | 1975 | Entry into plastic film and packaging production |
| Public Listing | 2008 (June) | Access to public capital markets; ticker 002263.SZ |
| Lithium-ion Battery Membrane Institute | 2012 | Pivot toward battery materials and new-energy product development |
| Acquisition of Shanghai UT Game Technology | 2014 | Strategic diversification into gaming/technology |
| Reported FY Revenue | 2025 | 1.29 billion CNY |
| Reported FY Net Income | 2025 | 50.83 million CNY |
| Market Capitalization (Nov) | 2025 | 7.34 billion CNY |
- Core manufacturing sales - production and sale of plastic films, packaging materials and related polymer products to packaging, industrial and consumer clients.
- Battery-materials segment - R&D, production and sale of lithium-ion battery membranes and related components developed through the 2012 institute; supplies to battery and EV supply-chain manufacturers.
- Technology & services - revenues from subsidiaries such as Shanghai UT Game Technology Co., Ltd (game development, licensing, platform services), contributing non-manufacturing recurring and project-based income.
- OEM/ODM and upstream integration - vertical integration into raw-material processing raises margins and reduces input cost volatility.
- Trading & ancillary services - trading of materials, after-sales services and technical support for industrial clients.
| Metric | 2025 |
|---|---|
| Revenue | 1.29 billion CNY |
| Net income | 50.83 million CNY |
| Market capitalization (Nov 2025) | 7.34 billion CNY |
| Primary business segments | Packaging & film manufacturing; lithium-ion battery membranes; gaming/technology |
- Listed entity: publicly traded on Shenzhen Stock Exchange (002263.SZ); ownership distributed among institutional and retail investors per periodic disclosures.
- Corporate governance: board and executive management oversee diversified operations spanning manufacturing, new-energy materials R&D and technology investments.
- Strategic positioning: leveraging manufacturing heritage while investing in battery-materials R&D and selective acquisitions to diversify revenue streams and capture higher-growth markets.
Zhejiang Great Southeast Corp.Ltd (002263.SZ): History
Zhejiang Great Southeast Corp.Ltd is a Shenzhen Stock Exchange-listed industrial company with roots in Zhejiang province. Over decades it evolved from a regional manufacturer into a diversified group serving domestic and export markets, expanding product lines and production capacity through reinvestment and strategic partnerships. Key corporate milestones include public listing and scaling of production in the 2000s, followed by capital allocation toward modernization and market expansion into the 2010s-2020s. For a detailed company overview and context, see Zhejiang Great Southeast Corp.Ltd: History, Ownership, Mission, How It Works & Makes Money.- Ticker: 002263.SZ (Shenzhen Stock Exchange)
- Shares outstanding: ~1.88 billion
- Market capitalization: 7.34 billion CNY (Nov 2025)
- Enterprise value: 6.24 billion CNY
- 52‑week price range: 2.02-4.85 CNY
- Beta: 0.75 (less volatile than market)
- Insider ownership: not publicly disclosed; notable institutional holdings
| Metric | Value |
|---|---|
| Shares outstanding | 1.88 billion |
| Market cap (Nov 2025) | 7.34 billion CNY |
| Enterprise value | 6.24 billion CNY |
| 52‑week range | 2.02 - 4.85 CNY |
| Beta | 0.75 |
Zhejiang Great Southeast Corp.Ltd (002263.SZ): Ownership Structure
Zhejiang Great Southeast Corp.Ltd's mission - 'perseverance and innovation' - drives its product development, export focus and technology investments. The company's stated values emphasize resilience, continuous improvement and industry leadership.
- Recognitions: One of the 500 Most Excellent Comprehensive Industrial Enterprises of China; designated a National Key New High‑tech Enterprise.
- Brand awards: 'LvHai (Green Sea)' and 'Xishi' named famous Chinese trademarks in 2006.
- Industry status: Honored as one of the Leading Enterprises in China's Plastic Packaging Industry and listed among the Top 20 Advanced Export Enterprises.
| Item | Metric / Value |
|---|---|
| Latest reported annual revenue (2022) | CNY 4,512,000,000 |
| Net profit (2022) | CNY 220,000,000 |
| Total assets (end 2022) | CNY 6,800,000,000 |
| Return on equity (ROE, 2022) | 6.5% |
| Export share of sales | Approx. 28% of revenue |
Ownership and governance align with the company's mission by concentrating strategic control while maintaining public-market liquidity:
- Largest shareholder: Zhejiang Great Southeast Group Co., Ltd. - 36.12% (strategic controlling shareholder).
- Institutional and retail free float - ~63.88% (traded on Shenzhen Stock Exchange, 002263.SZ).
- Management and board: industry-experienced executives with R&D and export emphasis, supporting the National Key New High‑tech Enterprise status.
How the company converts mission into money:
- Core business: design, manufacture and sale of plastic packaging products, film materials and related technical services.
- Revenue drivers: large-scale domestic industrial and consumer packaging contracts, branded products (LvHai, Xishi), and export sales to Asia, Europe and the Americas (~28% export share).
- Profit drivers: scale manufacturing, branded premium products, process automation and incremental high‑margin technical/eco‑friendly product lines driven by R&D investments.
For more detailed history, ownership and financials: Zhejiang Great Southeast Corp.Ltd: History, Ownership, Mission, How It Works & Makes Money
Zhejiang Great Southeast Corp.Ltd (002263.SZ): Mission and Values
Zhejiang Great Southeast Corp.Ltd (002263.SZ) positions itself as an integrated plastics and new-energy materials manufacturer focused on high-performance film solutions for packaging, electronics, and energy applications. The company combines polymer film manufacturing with downstream applications in photovoltaics and lithium-ion energy storage, leveraging industry-academic collaborations and a dedicated R&D institute.- Core mission: deliver high-quality functional films that enable advanced packaging, renewable energy, and medical solutions while advancing sustainable manufacturing practices.
- Strategic values: innovation through partnership, product quality and reliability, customer-centric customization, and environmental compliance.
- Raw materials: petrochemical-derived resins (PET, BOPP, PP, EVA) feed continuous film lines.
- Core film processes: biaxial orientation (BOPET/BOPP), casting (CPP), extrusion coating and lamination.
- Value-added steps: surface treatment, metallization, adhesive coating, precision slitting and clean-room packaging for medical/solar applications.
| Product | Primary Applications | Notes / Technology |
|---|---|---|
| BOPET film | Packaging, electrical insulation, capacitor substrates, optical films | High tensile strength, dimensional stability; used in electronics and packaging |
| EVA photovoltaic encapsulation film | Solar PV module lamination | Designed for durability, weather resistance and low ionic contamination |
| Lithium-ion battery membranes & components | Battery separators/coatings for energy storage | R&D hub established Dec 2012 to develop battery-related films |
| BOPP capacitor film & CPP | Capacitors, flexible packaging, labels | Cost-effective, high dielectric strength variants |
| Thermal transfer films & chemical packaging | Printing transfers, industrial chemical containment | Specialty coatings for adhesion and thermal stability |
| Medical packaging solutions | Sterile barrier films, blister backs | Clean-room processing and regulatory compliance |
- R&D institute: Zhejiang Great Southeast Lithium-ion Battery Membrane Institute established in December 2012 to accelerate battery membrane and related material development.
- Academic partnerships: collaborative programs with technology universities such as Zhejiang Technology University for material science, process engineering and pilot-scale validation.
- Technology focus areas: enhanced encapsulants for PV longevity, coated separators for higher safety and cycle life in lithium-ion cells, and barrier films for medical sterility.
- Sale of base films (BOPET, BOPP, CPP) to converters and OEMs - volume-driven revenue with moderate margins.
- Specialty films (EVA encapsulants, coated battery membranes) - higher-margin, technology-differentiated products sold under longer-term supply agreements.
- Value-added processing and custom solutions (lamination, metallization, medical packaging) - contract manufacturing and premium pricing.
- New energy segment (battery components, PV films) - strategic growth area tied to renewable energy and EV trends.
| Metric | Representative Value |
|---|---|
| Listed ticker | 002263.SZ (Shenzhen) |
| R&D institute established | December 2012 |
| Product segments | BOPET, BOPP, CPP, EVA encapsulation, lithium-ion battery membranes, thermal transfer, medical packaging |
| Business model | Manufacturing + value-added processing + technology licensing/partnerships |
| Strategic markets | Packaging, consumer electronics, capacitors, photovoltaics, lithium-ion batteries, medical devices |
Zhejiang Great Southeast Corp.Ltd (002263.SZ): How It Works
Zhejiang Great Southeast Corp.Ltd (002263.SZ) is an integrated materials manufacturer and diversified industrial group whose core business is polymer film production and downstream packaging and specialty-materials applications. The company captures value across a vertically integrated chain-from resin/polymer processing and film casting to functional films for electronics, photovoltaics, batteries and medical use-and has diversified into new energy and select digital entertainment assets since the 2014 acquisition of Shanghai UT Game Technology Co., Ltd.- Primary manufacturing hubs produce BOPET (biaxially oriented polyethylene terephthalate) film, BOPP (biaxially oriented polypropylene) film, EVA encapsulation film for solar modules, casting polypropylene (CPP) film, thermal transfer film and specialty chemical packaging films.
- Downstream processing includes surface treatment, coating, metallization and slitting to customer specifications for electronics, capacitor, photovoltaic, battery and medical-packaging customers.
- Non-film revenue lines include new energy resources (battery materials and lithium-ion cell-related products) and gaming/content monetization via the 2014 acquisition.
- Product sales: direct sales of polymer films and coated/treated film products to OEMs and converters in electronics, electrical components (capacitors), photovoltaics, lithium-ion battery manufacturers, pharmaceuticals and medical-packaging firms.
- Value-added services: custom coating, metallization, lamination and slitting services that earn higher margins than commodity film sales.
- New energy & battery materials: sale of EVA encapsulation film for solar PV modules and materials/components for lithium-ion batteries that capture demand from the renewable energy chain.
- Cross-segment synergies: internal supply of specialty films to the company's own downstream converters and external partners, improving utilization and margin capture.
- Digital/gaming revenue: post-2014 income from Shanghai UT Game Technology Co., Ltd - mobile/online game monetization, IP licensing and platform services.
| Segment | Main Products | Approx. % of Revenue | Notes |
|---|---|---|---|
| Polyester film (BOPET) | BOPET film for electronics, packaging, metallized film | 30-40% | High-volume base business; used in capacitors, displays and packaging |
| Photovoltaic & EVA | EVA encapsulation film for solar modules | 15-25% | Growth driven by solar module demand and utility-scale deployment |
| Battery-related materials | Films/components for lithium-ion batteries | 10-20% | Targets EV and stationary storage supply chains |
| BOPP & CPP | Capacitor film, casting polypropylene film, thermal transfer films | 10-15% | Packaging and industrial applications |
| Chemical & Medical packaging | Sterile barrier films, chemical packaging films | 5-10% | Higher-margin specialty medical films |
| Digital & gaming | Game operations, licensing, platform services | 1-5% | Introduced after 2014 acquisition; variable monthly/quarterly revenue |
- Capacity utilization: plant throughput and utilization rates directly scale revenue-BOPET and EVA lines are high-capex, high-operating-leverage assets.
- Raw-material spreads: margins sensitive to PET/PP resin feedstock prices; the firm manages exposure via procurement and some vertical integration.
- Product mix shift: moving sales toward higher-value functional films (photovoltaic encapsulants, battery films, medical barrier films) lifts average selling prices and gross margins.
- Geographic & customer diversification: sales across electronics, chemical, pharmaceutical, military and energy sectors reduce single-market concentration risk.
| Metric | Approximate Value |
|---|---|
| Installed film production capacity (aggregate) | Several hundred kilotonnes/year (combined BOPET/BOPP/CPP lines) |
| Typical gross-margin range | 10-22% (varies by product; specialty films higher) |
| Typical operating-margin range | 4-12% (improved when specialty mix increases) |
| Key end-markets | Electronics, photovoltaics, lithium-ion batteries, pharmaceuticals/medical, packaging, military |
- Expand high-margin specialty-film capacity (EVA encapsulants, battery films, medical laminates).
- Increase vertical integration into battery materials and module-level supply for renewable-energy customers.
- Optimize pricing and cost through feedstock sourcing, energy efficiency and improved yield in film casting/stretching processes.
- Monetize digital assets selectively while focusing core investment on advanced materials and new-energy applications.
Zhejiang Great Southeast Corp.Ltd (002263.SZ): How It Makes Money
Zhejiang Great Southeast Corp.Ltd generates revenue primarily through sales of industrial coatings, specialty chemicals, and downstream value-added services for manufacturing and construction sectors. The company combines product sales, technical services, and selective M&A to expand capacity and market share.- Core revenue streams: coatings and chemical product sales, formulation services, and aftermarket/maintenance contracts.
- Supporting income: licensing, technology partnerships, and proceeds from strategic acquisitions.
- Competitive advantages: diversified product mix, R&D-driven formulations, and established distribution channels in domestic markets.
| Metric | Value (2024 or latest) |
|---|---|
| Market Capitalization (Nov 2025) | 7.34 billion CNY |
| Revenue (2024) | 1.32 billion CNY |
| Revenue Change (YoY) | -0.65% |
| Net Income (2024) | 50.83 million CNY |
| 52‑Week Range | 2.02 - 4.85 CNY |
| Beta | 0.75 |
- Market position & outlook: With a market cap of 7.34 billion CNY and a beta of 0.75, the stock exhibits lower volatility vs. the broader market while maintaining meaningful scale in its sector.
- Financial resilience: Positive net income of 50.83 million CNY in 2024 despite a modest revenue decline indicates operational profitability and cost control.
- Growth drivers: continued investment in R&D, targeted acquisitions to broaden product lines, and expansion into higher-margin specialty segments are expected to support future revenue and margin improvement.
Zhejiang Great Southeast Corp.Ltd (002263.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.