Founded in 2004 and headquartered in Nanjing, CoCreation Grass Co., Ltd has grown from a specialist in artificial turf for sports and landscaping into a diversified green-space solutions provider (including the EdenVert artificial plants line), reporting a 2024 revenue of 2.95 billion CNY (up 19.92% year‑on‑year) and a net income of 511.25 million CNY (up 18.56% y/y), employing 5,098 people as of December 31, 2024 (down 7.86%); publicly listed on the Shanghai Stock Exchange (605099.SS) with ~14.38 billion CNY market capitalization as of November 19, 2025, 402.51 million shares outstanding, insider ownership of 72.31% and institutional holdings of 2.67%, the company leverages a nationwide sales network, customizable products and installation services to serve professional sports clubs, government bodies, schools, commercial and residential customers, and has seen its stock surge 92.17% over the past 52 weeks while analysts forecast ~19.1% annual earnings growth, ~17.7% annual revenue growth and ~18.9% EPS expansion-details that explain how CoCreation monetizes durable, eco‑focused turf and expanded product lines across domestic and international channels.
CoCreation Grass Co., Ltd (605099.SS): Intro
CoCreation Grass Co., Ltd (605099.SS), founded in 2004 and headquartered in Nanjing, China, specializes in the design, manufacture and sale of artificial grass for sports turf and landscaping. In recent years the company has broadened its portfolio to include artificial plants under the EdenVert brand and other related synthetic-fiber landscaping products.
Founded: 2004 (Nanjing, China)
Listed: Shanghai Stock Exchange (605099.SS)
Employees: 5,098 as of Dec 31, 2024 (down 7.86% YoY)
2004: Company established in Nanjing to produce synthetic turf for sports and landscaping.
Expansion phases: scaled production capacity for sports turf, entered municipal landscaping projects, and developed export channels across Asia, Europe and Africa.
Brand diversification: launched EdenVert line for artificial plants and decorative greenery to capture residential/commercial interior and exterior landscaping demand.
Ownership & Corporate Status
Publicly traded: operates as a listed company on the Shanghai exchange under ticker 605099.SS.
Shareholder base: combination of institutional investors, retail shareholders and management holdings (major shareholder details are disclosed in annual reports filed with exchange).
Governance: board-led structure with independent directors consistent with PRC-listed company practices.
Mission, Vision & Core Values
Mission: Deliver durable, low-maintenance artificial turf and greenery solutions that meet sporting, municipal and architectural needs.
R&D and product design: proprietary yarns, pile constructions and backing systems for sport-specific performance (shock absorption, traction) and landscaping realism.
Manufacturing: extrusion of polymer fibers, tufting/heat-setting, coating/backing, quality inspection and cutting/roll finishing.
Distribution & installation: direct sales to large projects, network of contractors/installers, and wholesale/retail channels for smaller consumers.
Aftermarket & services: installation supervision, maintenance guidance, warranty and replacement programs for institutional clients.
How CoCreation Grass Makes Money (Revenue Streams)
Product sales-primary: sports turf (stadia, school fields), landscaping turf (residential, commercial), and EdenVert artificial plants.
Project contracting: end-to-end supply + installation contracts for municipal, commercial and sports projects (higher-margin integrated jobs).
Wholesale & exports: bulk rolls sold to international distributors and construction suppliers.
Value-added services: installation, maintenance contracts and product warranties.
Financial Snapshot & Business Health
Item
2024
Revenue
2.95 billion CNY
Revenue growth (YoY)
+19.92%
Net income
511.25 million CNY
Net income growth (YoY)
+18.56%
Employees (Dec 31, 2024)
5,098 (-7.86% YoY)
Key Competitive Strengths
Diversified end markets (sports, landscaping, interior artificial plants via EdenVert).
Scale of manufacturing and integrated project capabilities enabling competitive pricing on large contracts.
Healthy top-line and profitability growth in 2024 (≈20% revenue growth; ≈18.6% net income growth).
CoCreation Grass Co., Ltd (605099.SS): History
CoCreation Grass Co., Ltd (605099.SS) was founded to develop and supply turfgrass, landscaping solutions and related agritech services to urban development, sports venues and ecological restoration projects across China. Since its IPO on the Shanghai Stock Exchange, the company has expanded from seed and sod production into engineered turf systems, integrated maintenance contracts and technology-enabled monitoring services.
Founded: commercial turf operations and research in the 2010s, IPO on SSE under ticker 605099
Core evolution: from primary production to bundled services (installation, maintenance, tech)
Geographic footprint: nationwide installations with concentration in major urban and sports infrastructure projects
Metric
Value
Ticker
605099.SS
Market Capitalization (as of 2025-11-19)
14.38 billion CNY
Shares Outstanding
402.51 million
Shares Outstanding Change (1 yr)
-0.06%
Insider Ownership
72.31%
Institutional Ownership
2.67%
52‑Week Share Price Change
+92.17%
Ownership Structure
Majority-controlled: insiders (founders, management and affiliated entities) hold 72.31% - a controlling stake that aligns management incentives but concentrates voting power.
Low institutional presence: only 2.67% held by institutions, indicating limited external portfolio investor participation and thinner analyst coverage.
Free float and liquidity: remaining shares (~25.02%) support secondary market trading; strong 52-week price appreciation (92.17%) has increased market attention.
Mission
Deliver resilient, sustainable turf and green infrastructure solutions for urban, sports and ecological projects.
Integrate agronomy, engineering and digital monitoring to reduce lifecycle costs and environmental impact.
Scale quality production while advancing R&D in drought- and wear-resistant grass varieties.
How It Works & Makes Money
CoCreation Grass operates across product manufacturing, project delivery, and ongoing service contracts:
Product sales: seed, sod and engineered turf products sold to contractors, venues and developers.
Project services: design, installation and commissioning for stadiums, parks and urban landscapes - typically higher-margin, fixed-price or milestone-based contracts.
Maintenance & service contracts: recurring revenue from long-term maintenance, irrigation management and performance guarantees.
Technology & monitoring: subscription or service fees for agritech platforms that provide remote monitoring, predictive maintenance and water-use optimization.
R&D licensing and premium varieties: sales of proprietary grass varieties and potential licensing to large-scale landscapers.
CoCreation Grass Co., Ltd (605099.SS) aims to revolutionize green space creation by offering sustainable alternatives to traditional grass. The company focuses on durable, eco-friendly, and visually appealing artificial turf solutions that mimic the look and feel of natural grass while reducing water use and maintenance costs.
Durability: products engineered for heavy-traffic use (sports venues, parks, commercial landscaping).
Eco-efficiency: reduced water consumption and lower pesticide/fertilizer needs versus natural turf.
Aesthetic fidelity: multi-layer fiber technologies and infill systems to reproduce natural grass appearance and resilience.
Client diversity: professional sports clubs, municipal governments, schools, landscape architects, and residential customers.
Product innovation: R&D investment to expand product lines (sports turf, landscaping turf, pet turf, rooftop and indoor solutions).
Mission and values
Mission: deliver premium artificial grass that combines sustainability, performance, and realistic look/feel to replace conventional lawns and support resource-efficient green spaces.
Values: quality, sustainability, customer-centric innovation, and scalability to serve both local and international markets.
Strategic aim: scale operations and distribution to become a global leader in artificial grass products and systems.
How it works & revenue model
Product sales: manufactured turf rolls, modules, and specialty systems sold directly and through distributors.
Project contracting: turnkey installation contracts for stadiums, municipal projects, schools and commercial properties.
After-sales services: maintenance packages, warranty programs, and replacement/infill supply.
OEM and export: supplying international distributors and OEM partners to expand geographic reach.
Operational and financial metrics (representative indicators)
Metric
Typical Indicator / Example
Annual installed area
tens to low hundreds of thousands of m² per year (project-driven volatility)
Product categories
Sports turf, landscaping turf, pet turf, rooftop/indoor turf
CoCreation Grass Co., Ltd (605099.SS): Mission and Values
How It Works
CoCreation Grass manufactures and supplies artificial turf systems and complementary products, focusing on sports fields, landscaping, and vertical/horticultural solutions. Core operational elements:
Manufacturing: extrusion of polyethylene/PP yarns, tufting, backing lamination, quality testing.
Brand portfolio: primary artificial turf lines for sports and landscaping plus the EdenVert branded artificial plants and vertical-greening products.
Sales & distribution: national sales network covering all provincial administrative regions in China with regional sales teams and authorized installers.
Customizable offerings: pile heights, yarn types, shockpad and infill choices tailored to sport or landscape needs.
Nationwide sales and installer network enabling rapid deployment across all provinces.
Brand diversification via EdenVert positions the company in higher-margin decor and interior greening markets.
Focus on sustainability: water-saving (no irrigation), lower maintenance, recyclable backing initiatives to appeal to budget- and eco-conscious clients.
Distribution and Geographic Reach
Sales network spans all provincial administrative regions of China through direct regional teams, authorized dealers, and certified installation partners.
Project pipeline includes municipal sports complexes, school partnerships, commercial real-estate developers, and mass residential communities.
Selected commercial metrics and KPIs tracked by management
CoCreation Grass Co., Ltd (605099.SS): How It Works
CoCreation Grass Co., Ltd (605099.SS) operates as a designer, manufacturer and distributor of artificial turf and related green surface products, combining product sales, customization, installation services and after-sales support to capture value across the entire lifecycle of synthetic landscaping and sports-field projects.
Primary product lines: sports artificial turf (football, rugby, athletics), landscaping turf for residential and commercial use, and artificial plants under the EdenVert brand.
Customer segments: professional sports clubs and stadiums, municipal and government procurement, schools and universities, landscape contractors, property developers and retail/household consumers.
Distribution channels: direct sales to large institutional buyers, a nationwide dealer/installer network, e-commerce and export partnerships spanning multiple international markets.
How it makes money
Product sales - core revenue from sale of synthetic turf systems and EdenVert artificial plants, including raw turf rolls, infill materials and accessories.
Customization & value-adds - higher-margin revenue from bespoke turf specifications, team-branded surfaces, shockpad systems and specialty infill (e.g., sand, rubber, eco alternatives).
Installation services - turnkey installation contracts (site prep, drainage, laying, infill, line-marking and certification), typically invoiced as separate service revenue or bundled into project contracts.
After-sales & maintenance - service agreements for periodic grooming, sanitary treatments and warranty/repair work provide recurring income.
Export & licensing - international sales and licensing/cooperative production agreements expand revenue beyond domestic markets.
Revenue mix (illustrative breakdown)
Revenue Stream
Typical Share of Revenue
Notes
Sports turf product sales
35-45%
Large institutional projects (stadiums, clubs) with multi-year procurement cycles
Landscaping turf & household products
25-35%
Retail, residential landscaping and commercial property projects
EdenVert artificial plants
8-12%
Indoor/outdoor decorative plants sold via trade and retail channels
Installation & project services
12-20%
Turnkey installation raises gross margins and locks in maintenance contracts
After-sales & maintenance
3-8%
Recurring service revenue and warranty work
Unit economics & pricing drivers
Average selling price (ASP) per square metre varies by application - typical ranges: landscaping turf RMB 60-120/m²; mid‑range sports turf RMB 120-250/m²; high‑end competition turf and shockpad systems can exceed RMB 300/m² installed.
Gross margins depend on product mix: commodity landscaping turf yields lower gross margins (mid-teens) while customized sports systems and installation services produce higher margins (20-40%+).
Project-based contracts often include a material margin plus installation margin; large stadium projects can represent concentrated revenue (single projects accounting for multiple percent points of annual sales).
Scale & market reach
Nationwide sales network and dealer/installer partnerships secure broad domestic coverage and reduce direct distribution costs.
Export channels to Asia, Middle East, Africa and parts of Europe contribute to revenue diversification; international orders tend to be larger but involve longer payment cycles and logistics costs.
Public and government procurement - tenders for municipal parks, school sports fields and public facilities - provide stable, large-ticket opportunities with multi-year lead times.
Key value drivers that support revenue growth
Customization capability - ability to design bespoke turf systems for professional sport certifications (FIFA, World Rugby) and bespoke aesthetic landscaping (EdenVert).
Integrated service model - by providing installation and maintenance, CoCreation Grass captures more project value and fosters recurring revenue.
Sustainability positioning - marketed cost-effective, water-saving alternatives to natural grass, appealing to budget-conscious public buyers and drought-prone regions.
Channel breadth - a mix of direct large-project sales, dealer networks, retail and export reduces single-channel risk and smooths revenue volatility.
Operational/financial touchpoints (examples)
Metric
Example/Range
Typical project size (installs)
1,000-20,000 m² for community/school fields; 20,000-60,000 m²+ for stadiums
Contract gross margin
15%-40% depending on product & service mix
Annual dealer network
Dozens to 100+ partners domestically; multiple export distributors
After-sales contract length
1-5 years typical; extended maintenance agreements for stadiums
Corporate aim: become a global leader via expanded product portfolio, geographic reach, and continuous R&D into higher-margin and sustainable solutions.
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