Zhejiang Yongjin Metal Technology Co., Ltd: history, ownership, mission, how it works & makes money

From its start as a cold-rolled stainless steel mill in Lanxi in August 2003 to its Shanghai listing as 603995.SS in December 2019, Zhejiang Yongjin Metal Technology Co., Ltd. has grown into a diversified metals group-rebranding as Yongjin Technology Group in August 2023-that reported an annual production capacity exceeding 2.8 million tonnes by 2022 and employs roughly 4,119 staff; with international moves such as May 2024 trial production at Tan Viet in Vietnam and a March 2024 second-phase project that includes a 180,000-ton 300-series 2B wide-width line, over 320 patents (including 70 invention patents), advanced 20-high reversible cold-rolling mills, and customers like Huawei and Midea, Yongjin combines heavy industrial scale, R&D-led product diversification (stainless steel strips, titanium alloys, metal-laminated composites, stainless-steel water pipes) and geographically distributed production bases to generate revenue through domestic sales, exports and subsidiary operations across China, Vietnam and planned sites such as Thailand.

Zhejiang Yongjin Metal Technology Co., Ltd (603995.SS): Intro

• Founded: August 2003 in Lanxi Economic Development Zone, Zhejiang Province.
• Stock market listing: December 2019 - listed on the Shanghai Stock Exchange (ticker 603995.SS).
• Rebranding: August 2023 - renamed Yongjin Technology Group Co., Ltd. to reflect broader business scope.

• Primary products: cold-rolled stainless steel coils and sheets, 2B/BA surface finishes, wide-width products, downstream processed components for industrial, architectural, and consumer markets.
• Manufacturing footprint: large-scale cold rolling, annealing/pickling, surface finishing, slitting/cut-to-length, and coating lines integrated with quality-control labs.

• Parent listing: publicly traded entity 603995.SS; ownership comprises institutional investors, management holdings, and retail investors (standard A-share structure).
• Subsidiaries/highlight: Tan Viet Metal Technology Co., Ltd. (Vietnam project) - multi-phase expansion to add 180,000 tpa 300-series 2B wide-width capacity in Phase II.

• Raw materials: procures stainless steel slabs/coils and alloying inputs (nickel, chromium) from domestic and international suppliers.
• Process flow: cold rolling → annealing/pickling → surface finishing (2B/BA) → slitting / cut-to-length → dispatch to distributors and downstream OEMs.
• Capacity scale: group annual production capacity exceeded 2.8 million tonnes by 2022, enabling economies of scale in procurement and energy use.

• Primary sales: branded stainless steel coil and sheet sales to industries such as household appliances, construction, automotive components, and industrial equipment.
• Value-added processing: premium margins from wide-width 2B lines, precision slitting, surface treatments, and custom processing orders.
• Geographic expansion: overseas production (Tan Viet) reduces logistics cost and supports regional sales growth in Southeast Asia.
• Downstream integration: sales to distributors and OEMs plus technical service contracts for material specification and application support.

• Positioning: large-scale cost-competitive stainless steel producer with growing high-value wide-width and 300-series offerings and international manufacturing footprint.
• Strategic focus: capacity expansion, downstream value capture, regional diversification (Vietnam), and technology-led product quality improvements.

Zhejiang Yongjin Metal Technology Co., Ltd (603995.SS): History

Zhejiang Yongjin Metal Technology Co., Ltd (603995.SS) began as a family-founded industrial enterprise focused on metal components and evolved into a publicly listed manufacturer serving automotive, machinery and infrastructure markets. Over successive expansions it built multiple production bases in China and established international subsidiaries to support exports and OEM partnerships. The company's corporate governance and capital structure were adapted for public markets to enable larger-scale investment and professional management.

• Public listing: Shanghai Stock Exchange, ticker 603995.SS.
• Ownership: primarily founding members and key management, with shares held by institutional and retail investors.
• Workforce: approximately 4,119 employees across manufacturing, R&D, sales and admin functions.
• Operations: multiple domestic production bases and overseas subsidiaries serving global customers.

Strategic ownership and governance enable Zhejiang Yongjin Metal Technology to align long-term industrial investments with shareholder returns while scaling production capability. See more on corporate intent and values: Mission Statement, Vision, & Core Values (2026) of Zhejiang Yongjin Metal Technology Co., Ltd.

Zhejiang Yongjin Metal Technology Co., Ltd (603995.SS): Ownership Structure

• Mission: Be the most competitive global stainless-steel enterprise through continuous technological innovation and operational excellence.
• Core values: Unity, Efficiency, Practicality, Development; environmental protection; R&D-driven product leadership; global market presence.
• Sustainability focus: green manufacturing practices, energy-efficient production lines, and increasing use of recyclable inputs.

• Primary products: stainless steel sheets, coils, precision-rolled plates, and value-added processed components sold to appliance, construction, automotive and industrial clients.
• Revenue streams: domestic wholesale and distribution, direct OEM supply contracts, customized processing services, and export sales to Asia, Europe, and the Americas.
• Margins: value-added processing (precision rolling, surface treatment, customized fabrication) commands higher gross margins than commodity coil/plate sales.
• Scale advantages: integrated production chain and regional production bases reduce unit costs and support competitive bidding for large OEM contracts.

• Listed entity: Shanghai Stock Exchange (stock code 603995.SS) with a mix of state-affiliated, institutional, and retail shareholders.
• Major shareholders: founding management and associated holding companies plus institutional investors (collective stake typically concentrated among top 5 shareholders; management and controlling shareholders hold strategic voting control for long-term planning).
• Governance: board with independent directors, periodic disclosures via annual and quarterly reports, and commitments to ESG improvements reflected in capital allocation to cleaner production and R&D.

• Production footprint: domestic manufacturing hubs plus overseas production/service bases to shorten lead times and serve local OEMs; export sales ~35% of turnover.
• Technological investments: continuous upgrade of rolling mills, surface-treatment lines, and automation-R&D spend ~2.1% of revenue supports new alloys and process technologies.
• Environmental investment: capex allocation to energy recovery, effluent treatment, and waste recycling to meet tightening regulatory standards and customer ESG requirements.

Zhejiang Yongjin Metal Technology Co., Ltd (603995.SS): Mission and Values

• Multiple production bases across China, including Zhejiang, Jiangsu, Fujian and Guangdong provinces, enabling regional supply flexibility and reduced logistics lead times.
• International subsidiaries in Vietnam and announced plans for a plant in Thailand to serve ASEAN markets and diversify production footprint.
• Advanced equipment such as 20-high reversible cold-rolling mills, continuous annealing lines and precision slitting/leveling lines to produce high-quality stainless steel coil, strip and sheet products.
• Robust R&D capability with over 320 patents (including ~70 invention patents) used to improve metallurgy, surface treatments and downstream processing techniques.
• Strict quality control systems aligned with international standards and rigorous internal inspection protocols across incoming material, in-process and final product stages.

• Raw-material procurement and incoming inspection (chemistry, coil flatness).
• Cold-rolling on high-precision mills (including 20-high reversible mills) to targeted gauges and mechanical properties.
• Annealing and pickling to achieve required corrosion resistance and surface quality.
• Surface finishing, slitting, leveling and downstream stamping/processing for customer-specific components.
• Final inspection, packaging and logistics tailored for electronics, medical, automotive and appliance OEMs.

• Electronic information: precision stainless strip for connectors, casings and shielding.
• Medical equipment: surgical components, implant-adjacent parts and device housings requiring tight tolerances and biocompatible finishes.
• Automotive components: trim, structural strips and specialty parts where corrosion resistance and formability are critical.
• Household appliances: panels, bands and functional strips for consumer appliances.

• Sales of stainless steel coil, strip and sheet (standard and customized grades).
• Value-added processing services (slitting, stamping, surface finishing) billed at higher margins than commodity coil sales.
• Long-term contracts with OEMs and supply agreements that provide recurring revenue and volume stability.
• Geographic expansion (Vietnam subsidiary and planned Thailand plant) aimed at capturing export markets and reducing tariff/logistics costs.

Zhejiang Yongjin Metal Technology Co., Ltd (603995.SS): How It Works

• Raw material sourcing: procurement of nickel‑chromium, cold‑rolled coils and alloy inputs from domestic and international suppliers to stabilise costs and grades.
• Primary processing: cold rolling and annealing lines that produce stainless‑steel strips and sheets in widths and gauges for appliance, electronics and industrial customers.
• Value‑added processing: precision slitting, polishing, surface treatment, and lamination for high‑tolerance applications (e.g., electronic housings, medical components).
• Downstream fabrication: stainless‑steel water pipes, welded components and assemblies for construction and infrastructure projects.
• R&D and new materials: development of titanium alloys and metal‑laminated composites, supported by company labs and pilot lines to target aerospace, automotive and energy sectors.
• Global production footprint: operating subsidiaries and plants (notably in Vietnam and Thailand) for localised production, export facilitation and tariff/lead‑time optimisation.

• Procurement → Melting/Cold rolling → Annealing/Finishing → Value‑added processing → Quality control → Logistics/Distribution

• Core product sales: cold‑rolled stainless‑steel strips and sheets sold to appliance makers, electronics, automotive, and industrial equipment manufacturers-these represent the principal revenue stream.
• Subsidiary operations: overseas units such as Yongjin Metal Technology (Vietnam) Co., Ltd supply precision stainless plates/strips both as export hubs and contract manufacturers for international clients.
• Diversification: titanium alloy products and metal‑laminated composites generate incremental margin opportunities in higher‑value segments.
• Construction/Infrastructure: stainless‑steel water pipes and fittings are marketed to building, plumbing and municipal customers, providing stable demand cycles.
• International sales & localised production: Thai and Vietnamese plants support exports and domestic sales, reducing logistics costs and improving service to Southeast Asian customers.
• Strategic partnerships: long‑term contracts with large OEMs - including supply relationships with companies such as Huawei and Midea - supply volume stability and recurring purchase orders.

• Margin levers: product mix (commodity strips vs. precision/laminates), raw‑material cost pass‑through, production capacity utilisation and yield improvements on cold‑rolling lines.
• Working capital: inventory of coils and finished rolls is significant; tight procurement and JIT deliveries to customers reduce cash conversion cycle pressure.
• Capex focus: investment in slitting lines, surface treatment equipment and overseas plant expansions to increase capacity and lower unit costs.
• Customer concentration & contracts: large OEM customers provide order visibility but create negotiation leverage; long‑term contracts and strategic partnerships help stabilise volumes.

• Vertical integration-reduces intermediate margins paid to suppliers and improves quality control.
• Geographic diversification-Vietnam and Thailand plants enable local fulfilment and export advantages.
• Product diversification-expansion into titanium and composites lifts ASPs (average selling prices) and opens new markets.
• Large OEM partnerships-volume contracts with firms like Huawei and Midea yield predictable revenue streams and co‑development opportunities.

Zhejiang Yongjin Metal Technology Co., Ltd (603995.SS): How It Makes Money

• Core product lines: precision cold-rolled stainless steel, wide-width cold-rolled stainless steel, coated stainless products, and emerging titanium alloy products.
• Revenue streams: domestic B2B sales, exports to Southeast Asia/Europe, specialty alloy contracts, toll-processing and value-added finishing services.
• R&D & tech licensing: process improvements and proprietary surface treatments sold as premium services.

• Market position & competitive edge:
  • Recognized leader in China's stainless steel sector for precision and wide-width cold-rolled products, holding double-digit market shares in both subsegments.
  • Diversification into titanium alloys and coated solutions commands higher margins vs commodity stainless products (premium spreads of 8-15% on specialty lines).
  • Exports and regional manufacturing in Vietnam/Thailand reduce logistics cost and tariff exposure while broadening customer base.
• Technology, R&D & sustainability:
  • R&D investments (~RMB 192M in 2023) target lower scrap rates, surface-quality improvements and higher-yield cold rolling-driving gross margin expansion.
  • Environmental upgrades (RMB 280M) support green manufacturing credentials sought by European and high-end domestic buyers; helps secure long-term contracts.
• Revenue model levers:
  • Scale and product mix: shifting sales toward higher-margin specialty alloys and value-added finishes.
  • Geographic expansion: aiming to raise export share from 22% to 30% over the medium term via SEA plants and distributors.
  • Vertical integration & services: toll processing, custom finishing and technical partnerships increase customer stickiness and recurring revenue.