Mission Statement, Vision, & Core Values (2026) of Cangzhou Mingzhu Plastic Co., Ltd.

Founded in 1995, Cangzhou Mingzhu Plastic Co., Ltd. (listed on Shenzhen Stock Exchange as 002108.SZ) has grown into a diversified manufacturer with a registered capital of 1.04 billion yuan, total assets of 2.6 billion yuan and a workforce exceeding 2,800 employees across eight wholly‑owned subsidiaries and three joint ventures; operating three industrial parks in Cangzhou and production bases in Dezhou, Wuhu and Chongqing, the company's core offerings - PE pipeline systems, BOPA films and lithium‑ion battery separators - are underpinned by a mission to "create value while delivering value," a vision to "become the world's most valuable plastic and chemical industry chain service provider," and a set of guiding values that include creating value for customers, building platforms for employees, pursuing excellence, maintaining simplicity and transparency, continuing to innovate, and fostering integrity and win‑win relationships to drive customer satisfaction, employee development and industry‑chain service leadership

Cangzhou Mingzhu Plastic Co., Ltd. (002108.SZ) - Intro

• Founded: 1995
• Stock code: 002108 (Shenzhen Stock Exchange)
• Registered capital: ¥1.04 billion
• Total assets: ¥2.6 billion
• Employees: >2,800
• Corporate structure: 8 wholly-owned subsidiaries, 3 joint ventures
• Production footprint: Industrial parks in Cangzhou plus bases in Dezhou, Wuhu, Chongqing
• Core product lines: PE pipeline systems, BOPA films, lithium-ion battery separators

• Deliver safe, durable and cost‑efficient polymer solutions that enable reliable water, gas and energy infrastructure.
• Advance next‑generation energy storage materials to support electrification and clean energy transitions.
• Drive sustained value for shareholders, customers, employees and communities through innovation, efficiency and responsible operations.

• Become a leading integrated supplier of polymer systems and advanced separation materials in China and competitive globally.
• Achieve leadership in low‑carbon manufacturing practices across all industrial parks and production bases by optimizing resource intensity and emissions.
• Expand high‑margin advanced materials (e.g., lithium‑ion battery separators, BOPA) to represent a growing share of revenues and margins within five years.

• Quality & Safety - uncompromising product standards, ISO certifications and workplace safety metrics.
• Customer Focus - partnership mindset, on‑time delivery, technical support and customized solutions.
• Innovation - sustained R&D investment to improve product performance, reduce unit costs and develop new applications.
• Sustainability - resource efficiency, waste reduction and regulatory compliance across manufacturing sites.
• Integrity - transparent governance, adherence to listing and disclosure obligations, and ethical business conduct.

• Product mix optimization - increase advanced materials revenue contribution (target: +10-15 percentage points over 3 years).
• Capacity expansion - scale BOPA and separator output across Dezhou/Wuhu/Chongqing bases to meet EV and packaging demand.
• Operational efficiency - reduce per‑unit energy consumption and production costs via process upgrades and economies of scale.
• Financial discipline - preserve asset quality (¥2.6 billion total assets) while targeting ROE improvement through margin expansion.
• Talent & safety - maintain a skilled workforce (2,800+ employees) with continuous safety incident rate reduction goals year‑on‑year.

• Revenue share: PE pipelines vs. BOPA vs. separators (%)
• Gross margin and EBITDA margin trends
• Return on equity (ROE) and asset turnover
• Capacity utilization rates across four production regions
• Energy consumption per ton of product and emissions intensity
• Workplace safety: LTIFR and TRIR

Cangzhou Mingzhu Plastic Co., Ltd. (002108.SZ) - Overview

• Customer-centric delivery: prioritize product reliability, on-time supply, and solutions that increase customer lifetime value.
• Continuous innovation: invest in material R&D and process optimization to reduce costs and improve margins.
• Integrity & collaboration: pursue long-term agreements and transparent governance to align incentives across stakeholders.

• Scale and specialization: shift incremental sales toward differentiated compounds and engineered plastics.
• Sustainability roadmap: increase recycled-content products and reduce energy intensity per tonne produced.
• Regional expansion: deepen presence in ASEAN and Eurasian markets while strengthening domestic industrial partnerships.

• Customer Value Creation: measure success by customer retention rates, repeat order share, and customer NRV (net realized value).
• Operational Excellence: targets include yield improvement, scrap reduction, and on-time delivery >95%.
• Innovation with Purpose: new-product revenue target of 10%-20% of sales within a multi-year horizon.
• Integrity & Transparency: compliance, supplier audits, and consistent investor disclosures to build long-term trust.
• Employee Development: structured training, safety-first metrics (LTIFR targets), and performance-linked incentives.

• Gross margin expansion through mix shift and efficiency gains.
• Customer retention >80% for core accounts.
• Capex-to-sales disciplined at levels that sustain ROIC above cost of capital.
• ESG metrics: lower emissions intensity, higher recycled-content share, and improved workplace safety indicators.

Cangzhou Mingzhu Plastic Co., Ltd. (002108.SZ) - Mission Statement

• Position: Aspires to global leadership within the plastic and chemical industry value chain.
• Value focus: Prioritizes becoming the most valuable service provider by enhancing product quality, operational efficiency, and end-to-end industry services.
• Global ambition: Targets recognition and influence across key international markets through exports, partnerships, and technology licensing.
• Industry-chain approach: Emphasizes comprehensive services spanning raw material procurement, polymer production, downstream processing, logistics, and technical support.
• Strategic alignment: Vision informs capital allocation, M&A appetite, and long-term R&D roadmaps to secure market positioning.

• Supply-chain integration: Expand upstream feedstock collaborations and downstream processing to improve margin capture and service scope.
• Quality and compliance: Invest in ISO/industry certifications and environmental controls to meet global customer standards and reduce regulatory risk.
• R&D and product diversification: Allocate targeted R&D budget to specialty polymers, recyclates, and value-added compound solutions to lift ASP and margin.
• Operational efficiency: Deploy automation and energy-optimization projects to reduce unit cost and carbon intensity.
• Market expansion: Grow export channels and global distribution partnerships to increase overseas revenue share and brand presence.

Cangzhou Mingzhu Plastic Co., Ltd. (002108.SZ) - Vision Statement

• Create value for customers - prioritize product quality, on-time delivery, cost efficiency and tailored solutions to improve customer margins and end-product competitiveness.
• Create platform for employees - invest in training, safety, and career pathways to increase retention and productivity; foster internal mobility and cross-functional capability-building.
• Pursuit of excellence - continuous improvement programs, ISO/TS certifications and Six Sigma-style initiatives to raise quality and reduce defects.
• Simple and transparent - clear governance, open communication channels with stakeholders and streamlined operational processes to reduce bureaucracy.
• Continue to innovate - R&D focus on high-value specialty PVC, compound formulations, and process optimization for energy efficiency and yield improvement.
• Integrity and win-win - fair supplier and customer terms, ethical compliance, and partnerships that balance growth with shared value.

• Customer value: ≥95% on-time delivery rate and reduction of customer claims year-over-year.
• Employee platform: annual training hours per employee targeted at 40+ hours and an internal promotion rate above 15%.
• Excellence: defect rate reduction targets and certification renewal cycles (ISO 9001, environmental certifications).
• Simplicity & transparency: quarterly investor updates, clear KPI dashboards for operations and sales.
• Innovation: pipeline of new formulations aiming to contribute >10% of revenue within 3-5 years.
• Integrity & win-win: supplier scorecards and compliance audits to ensure ethical sourcing and stable partnerships.