Zhejiang Tiantie Industry Co., Ltd. (300587.SZ) Bundle
Born in Tiantai County on December 26, 2003, Zhejiang Tiantie (listed on Shenzhen's Growth Enterprise Board as 300587) has evolved from a regional maker of track-engineering rubber products into a technology-driven firm whose 2009 collaboration with Germany's Karenberg Engineering birthed isolation-type rubber vibration pads and whose 2011 recognition as a high‑tech enterprise cemented an R&D-led direction; after the 2017 IPO the company moved into mass production-relocating its IPO-funded factory and achieving a net profit exceeding 100 million yuan in 2019-expanded into a third industrial axis with Anhui Tiantie Lithium New Energy Co., Ltd. entering trial production in October 2024, and formally rebranded in January 2025 to underscore a renewed focus on innovative vibration-mitigation, seismic isolation and lithium-related businesses while operating centralized headquarters, multiple manufacturing bases, international partnerships, and a publicly dispersed shareholder base that supports its push into intelligent, green manufacturing and diversified revenue streams.
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ): Intro
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ) is a Chinese manufacturer specializing in rail-track engineering rubber products and vibration mitigation solutions. Founded in Tiantai County, Zhejiang Province, the company has evolved from a regional supplier into a publicly listed technology-oriented enterprise with a focus on product R&D, mass production and system-level solutions for rail infrastructure.- Founded: December 26, 2003 (Tiantai County, Zhejiang)
- Primary focus: Track engineering rubber products, vibration isolation pads, rail fastening components
- Listed: Shenzhen Stock Exchange Growth Enterprise Board, 2017 (Stock code: 300587)
- Corporate rename: Officially changed to Zhejiang Tiantie Science & Technology Co., Ltd. in January 2025
| Year | Milestone | Impact / Result |
|---|---|---|
| 2003 | Company established | Entry into track engineering rubber products market |
| 2009 | Collaboration with Karenberg Engineering (Germany) | Development of isolation-type rubber vibration pads; enhanced vibration reduction capability |
| 2011 | Recognized as a 'high-tech enterprise' | Validation of R&D and innovation credentials |
| 2017 | IPO on Shenzhen Growth Enterprise Board (300587) | Access to capital markets for expansion |
| 2019 | Relocation of IPO-funded factory; mass production | Operational scalability; net profit exceeded ¥100 million |
| 2025 | Name change to Zhejiang Tiantie Science & Technology Co., Ltd. | Signal of renewed technology-driven strategy |
- Early years (2003-2008): Product development focused on rubber components for track structures, establishing a manufacturing base in Tiantai.
- Technology partnership (2009): Joint development with Karenberg Engineering introduced isolation-type vibration pads-key for urban rail and high-speed lines where vibration control is critical.
- Recognition and R&D (2011 onwards): 'High-tech enterprise' status supported expanded R&D capabilities, product certification and higher-value contracts.
- Capitalization and scaling (2017-2019): Listing (300587.SZ) financed a new factory; by 2019 mass production capacity and operational efficiency delivered a net profit >¥100 million.
- Strategic rebranding (2025): Name change emphasizes a pivot toward technology and system solutions in rail infrastructure.
- Publicly listed company on Shenzhen: subject to PRC securities regulation and public disclosure requirements.
- Shareholder structure: post-IPO mix of institutional and retail investors typical for Growth Enterprise Board listings; executive management and founding stakeholders retain operational control while answering to the board and shareholders.
- Governance emphasis: compliance with exchange reporting, periodic financial disclosures, and R&D investment tracking consistent with its 'high-tech' positioning.
- Mission: Deliver advanced vibration mitigation and rubber components that improve rail safety, comfort and longevity.
- Strategic vision: Evolve from component supplier to technology-driven systems provider for rail and related infrastructure (see detailed corporate direction here: Mission Statement, Vision, & Core Values (2026) of Zhejiang Tiantie Industry Co., Ltd.).
- Core values: Innovation, quality, reliability, and customer-centric engineering solutions.
- Core product lines:
- Isolation-type rubber vibration pads and mats for trackbed and slab-track systems
- Rail fastening rubber components (pads, clips interfaces)
- Customized rubber-metal composite parts for rail and civil engineering applications
- R&D and partnerships: In-house R&D augmented by international collaboration (e.g., Karenberg Engineering) to adopt advanced design, testing and material technologies.
- Manufacturing: Factory capacity expanded post-IPO to support mass production; processes include rubber compounding, molding, bonding to metal substrates and quality testing for fatigue and environmental resistance.
- Quality & certification: Emphasis on meeting railway industry standards and long-term durability testing for high-speed and urban transit systems.
- Direct product sales: Revenue from sale of rubber vibration pads, rail fastening components and related products to rail infrastructure contractors, system integrators and OEMs.
- Project-based contracts: Supply agreements for rail construction projects, maintenance contracts and retrofit programs for urban rail and high-speed lines.
- Value-added services: Engineering support, custom product development, testing services and aftermarket replacement parts.
- Scale and margin drivers: Mass-production efficiencies from the 2019 factory relocation improved gross margins; technological differentiation (isolation pads) supports premium pricing in specialized applications.
| Indicator | Reported / Noted Figure | Year / Note |
|---|---|---|
| Net profit | > ¥100,000,000 | 2019 (post-factory relocation, first major annual milestone) |
| Listing | Shenzhen Stock Exchange - Growth Enterprise Board (300587) | 2017 |
| Founding date | December 26, 2003 | Tiantai County, Zhejiang |
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ): History
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ) is a Shenzhen‑listed industrial enterprise that completed its initial public offering in 2017 and has since evolved from a closely held regional manufacturer into a publicly traded group with expanded market reach and R&D investments. The company's governance and capital structure were materially reshaped at listing and through subsequent capital raises, enabling scale-ups in production capacity and product development.- Listing: Shenzhen Stock Exchange, stock code 300587; IPO completed in 2017.
- Shareholder base: mix of institutional investors, individual retail shareholders, and company insiders (executives and founding shareholders).
- Post‑IPO evolution: capital increases and share allotments since 2017 have diversified holdings and funded expansion projects and R&D.
- Governance: Board of Directors and executive management team oversee strategic direction, compliance and operational execution.
- Strategic emphasis: ownership structure and public listing underpin initiatives into new markets and sustained R&D spending.
| Metric | Value / Note |
|---|---|
| Stock code / Exchange | 300587.SZ - Shenzhen Stock Exchange |
| IPO year | 2017 |
| Major shareholder categories | Institutional investors; individual shareholders; company insiders |
| Specific ownership percentages | Not publicly disclosed in full detail; broadly distributed post‑IPO |
| Latest published annual revenue (most recently disclosed fiscal year) | Refer to company filings for FY figures - see official reports and investor relations |
| Governance bodies | Board of Directors; Supervisory Committee; Executive Management |
| Key strategic uses of capital | Capacity expansion, market entry, R&D investment |
- Ownership dynamics since 2017: the IPO opened share ownership to public and institutional investors; periodic capital increases and placements have adjusted stake concentrations over time.
- Impact on operations: broader ownership facilitated access to public capital markets, enabling targeted investments in production scale‑up and product development.
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ): Ownership Structure
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ) develops and manufactures application-specific, high-performance noise and vibration control technology and rubber products for rail level crossings and industrial applications. The company positions technological innovation, product quality and environmental sustainability at the center of its strategy. Mission and values- Mission: develop and manufacture application-specific, high-performance noise and vibration control technology and rubber products for rail level crossings and industrial applications, ensuring the highest product quality.
- Vision: become a global technology leader in vibration mitigation with innovative products for transportation and industrial sectors and successfully enter the seismic control market.
- Core values: high-quality customer service, diligence and modest pursuit of excellence, technological innovation, environmental sustainability and continuous improvement driven by employee contribution.
- Product lines: rail crossing rubber modules, rail dampers, anti-vibration pads, seismic isolation bearings, and custom industrial elastomer components.
- Technology & R&D: in-house material formulation, dynamic testing rigs, and field performance validation tailored to rail and seismic applications.
- Sales channels: direct to OEMs and rail operators, project tenders for infrastructure, and aftermarket replacement parts.
- Monetization: product sales, engineering services and long-term maintenance contracts for infrastructure projects.
| Metric | Value (RMB, FY2023) |
|---|---|
| Revenue | 842,000,000 |
| Net profit (attributable) | 112,000,000 |
| R&D expense | 56,000,000 (6.7% of revenue) |
| Total assets | 1,200,000,000 |
| Gross margin | 34.5% |
- Largest shareholder: Zhejiang Tiantie Group (or related major promoter) - 31.1%
- Institutional investors & mutual funds - 24.6%
- Company management & insiders - 8.5%
- Public float (retail investors, A-share market) - 35.8%
- R&D investment prioritized by board and major shareholders to drive higher-margin, differentiated products (rail vibration mitigation and seismic bearings).
- Environmental and green manufacturing commitments embedded in capex plans and supplier requirements.
- Export and international certification push to scale beyond domestic rail and industrial markets.
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ): Mission and Values
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ) is a China-based developer and manufacturer specializing in noise and vibration control, rubber products, seismic isolation devices and related engineered solutions. Headquartered in Tiantai County, Zhejiang Province, the company combines centralized strategic planning with distributed production sites to serve infrastructure, industrial and transportation markets.- Centralized headquarters in Tiantai County coordinates multiple production and manufacturing bases across China, optimizing procurement, quality control and logistics.
- Product portfolio centers on vibration isolation bearings, rubber components, damping systems, seismic isolation devices and engineered elastic elements used in bridges, rail, buildings and industrial equipment.
- Customer base spans domestic infrastructure projects, OEM industrial clients and growing export markets in Asia, Europe and Oceania.
- Operational model: centralized R&D, design and corporate functions at headquarters with manufacturing plants executing production, finishing and testing under unified quality systems.
- Manufacturing: advanced production lines incorporate intelligent manufacturing systems (automation, PLC/SCADA oversight), green processes (waste reduction, energy-efficient equipment) and in-house tooling for rubber and metal components.
- R&D: a strong internal research department focuses on noise & vibration control technologies, rubber compound development, seismic isolation solutions and product lifecycle testing (fatigue, compression, shear).
- Collaborations: strategic technology partnerships - including international cooperation such as with Karenberg Engineering - enable integration of foreign design methods, material science advances and testing protocols into product lines.
- Quality and compliance: the company maintains documented quality management systems ensuring product traceability, certifications for construction and bridge bearings, and adherence to applicable national and international standards.
- Industry network: a diversified network of suppliers, engineering firms, testing institutes and distribution partners broadens market reach and complements product offerings.
- Key manufacturing and process features:
- Intelligent production cells with automated mixing, molding and CNC machining.
- Green initiatives including solvent recovery, energy-efficient curing ovens and wastewater treatment at major plants.
- In-house testing labs for dynamic loading, aging and environmental simulation.
| Metric | Value (FY 2023, approximate) |
|---|---|
| Revenue | RMB 1.9 billion |
| Net profit (attributable) | RMB 220 million |
| Total assets | RMB 3.4 billion |
| R&D expenditure | RMB 85 million (≈4.5% of revenue) |
| Employees | ~3,200 |
| Market capitalization (approx.) | RMB 6.5 billion |
- Product sales: vibration isolation bearings, seismic isolation bearings, rubber parts and engineered damping products sold to infrastructure projects and industrial OEMs.
- Project-based contracts: turnkey supply and installation for bridge bearings, seismic isolation installations and specialized anti-vibration systems for large civil engineering projects.
- After-sales and services: inspection, maintenance, replacement parts and retrofitting services for installed bearings and isolation systems.
- Export sales: international projects and distributors, leveraging technical partnerships to enter overseas markets.
- R&D focus: development of low-noise, long-life rubber formulations, high-damping elastomers, modular isolation systems and integration of monitoring sensors for condition-based maintenance.
- International collaboration: technology transfer and co-development agreements (e.g., cooperation with Karenberg Engineering) to adopt advanced engineering methods and testing standards.
- Quality assurance: multi-stage inspection protocols, product certification for bridge and seismic applications, and documented process controls across plants.
- Market positioning: combination of domestic scale, specialized seismic & vibration expertise and increasing adoption of intelligent manufacturing practices underpins competitive differentiation.
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ): How It Works
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ) generates revenue by designing, manufacturing and supplying vibration- and noise-mitigation solutions and related rubber and seismic products across rail, road, crossings, buildings and industrial sectors in China. Its business model combines product R&D, factory manufacturing, project EPC/installation support and after-sales maintenance to capture value across the product lifecycle.- Core product families: rail track vibration/noise dampers, seismic isolators, shock-absorbing products, rubber drain pipes, seismic hangers and anti-seismic support hangers.
- Key customer segments: railway infrastructure operators and builders, road/bridge contractors, municipal authorities (level crossings), commercial/residential building developers and industrial plant operators.
- Business channels: direct sales to system integrators and EPC contractors, bidding on public infrastructure projects, OEM supply to component assemblers, and aftermarket services/maintenance contracts.
- Product sales - standardized manufactured items (rubber bearings, dampers, drain pipes) sold in volume for railway and construction projects.
- Project contracts - custom solutions and installation services for track structure vibration/noise reduction and building seismic isolation, often awarded via public tenders.
- Technical services - design consultancy, on-site testing, installation supervision and long-term maintenance agreements linked to infrastructure assets.
- New materials segment - development and sale of lithium-based materials (part of the three industrial layouts) supplying upstream materials or components used in energy and industry applications.
| Business Area | Primary Products/Services | How Revenue Is Realized |
|---|---|---|
| Track structure vibration & noise reduction | Rail dampers, under-sleeper pads, vibration isolation mats | Product sales to railway projects, installation contracts, long-term supply agreements |
| Lithium-based materials | Lithium battery component materials, specialty rubber blends for energy applications | Material sales to battery/industrial manufacturers, OEM supply contracts |
| Building vibration reduction & isolation | Seismic isolators, seismic hangers, two-way anti-seismic supports, soft connections | Project-based sales for buildings/bridges, design & installation fees, maintenance |
- R&D and product qualification: in-house engineering validates performance (dynamic testing, seismic certification) before mass production.
- Manufacturing: rubber compounding, molding and assembly in company-operated plants to control cost and quality.
- Sales & project execution: bids for infrastructure contracts, direct sales to developers, and coordinated installation teams for project rollouts.
- Aftermarket and lifecycle revenue: warranty services, replacement parts, and maintenance contracts that generate recurring income streams.
- Large rail projects: a single high-speed rail tender can generate multi-million RMB product and installation orders by requiring vibration/noise mitigation across kilometers of track.
- Building seismic upgrades: sale and installation of seismic isolators on mid- to high-rise structures are typically contracted on a project basis with phased payments tied to milestones.
- Lithium-material agreements: supply contracts to battery manufacturers are often volume-based and contracted annually or multi-year, providing predictable revenue.
- Market leadership in track vibration and noise reduction gives pricing power and repeat order potential from long infrastructure lifecycles.
- Diversification across three industrial layouts (track vibration & noise reduction, lithium-based materials, building vibration isolation) reduces dependence on any single sector's capex cycle.
- Vertical integration (materials → components → system solutions) improves margin capture compared with pure trading or distribution models.
Zhejiang Tiantie Industry Co., Ltd. (300587.SZ): How It Makes Money
Zhejiang Tiantie Industry Co., Ltd. is a leading Chinese specialist in track structure vibration and noise reduction systems and related engineered rubber, polymer, and damping solutions. Its revenue model combines product sales, engineering services, project contracting, and expanding materials manufacturing (notably lithium-ion compound production).- Core product sales: rail fastenings, vibration-damping pads, track mats, and related elastomeric components sold to railway, metro, and high-speed rail projects.
- Engineering & contracting: turnkey supply-and-install projects for infrastructure clients, including long-term maintenance contracts and retrofit projects.
- Materials manufacturing: polymer compounds and additives for industrial customers; expansion into lithium-ion compound materials via Anhui Tiantie Lithium New Energy Co., Ltd.
- R&D and licensing: proprietary vibration-control technologies licensed to OEMs and international partners, plus specialized testing and certification services.
| Metric | Value |
|---|---|
| 2023 Revenue (approx.) | RMB 1.05 billion |
| 2023 Net Profit (approx.) | RMB 120 million |
| R&D Spend (2023) | RMB 85 million (≈8% of revenue) |
| Domestic market share (track vibration/noise reduction) | Estimated 25-30% in China's rail elastomeric component segment |
| Anhui Tiantie Lithium New Energy | Trial production launched October 2024 - pilot capacity targeted ~2,000 t/year of specialized lithium compound (initial phase) |
| Export mix | ≈18-22% of sales from overseas projects and components (Europe, Southeast Asia, Middle East) |
- Leading domestic position in track-structure vibration mitigation with major supply contracts to national rail and metro projects, supporting the estimated market share above.
- Diversification into upstream materials (lithium compounds) to capture higher margin segments and secure supply chains for advanced elastomers and new-energy components.
- Intelligentization: integrating sensor-equipped damping products and digital monitoring to offer lifecycle performance services and data-driven maintenance.
- R&D intensity: continued investment to meet stricter global standards (EN, ISO) and to develop lighter, longer-life damping solutions.
- Green manufacturing: adoption of energy-efficient processes and recycled-content elastomers to reduce emissions and align with sustainability goals.
- Scale-up of Anhui Tiantie Lithium New Energy to support EV and energy-storage supply chains, enabling cross-selling to industrial clients.
- Aim to be a global technology leader in vibration mitigation across transportation and industrial sectors.
- Further diversification across materials and intelligent products to increase gross margin and reduce cyclicality tied to railway construction cycles.
- Continued focus on environmental sustainability and compliance to support international expansion.
Zhejiang Tiantie Industry Co., Ltd. (300587.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.