Mission Statement, Vision, & Core Values (2026) of Taihai Manoir Nuclear Equipment Co., Ltd.

Taihai Manoir Nuclear Equipment Co., Ltd., founded in 2006, has emerged as a powerhouse in manufacturing critical nuclear components-pressure vessels, heat exchangers and more-supported by a skilled team of about 832 employees and an expansive industrial campus spanning roughly 500,000 square meters with a construction area of 280,000 square meters; the company's commitment to safety, integrity and innovation is reflected in its ¥5.3 billion revenue in 2022, marking a 12% year‑over‑year increase, global contracts across Southeast Asia, Europe and North America, and a strategic reinvestment of around 5% of annual revenue into R&D to drive reactor safety, efficiency and sustainable growth.

Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ) - Intro

Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ) is a leading Chinese manufacturer specializing in critical components for the nuclear power industry, including pressure vessels, heat exchangers, and other essential equipment. Established in 2006 as a subsidiary of the Taihai Group, the company combines large-scale manufacturing capacity with focused R&D to serve both domestic and international nuclear markets.

• Founded: 2006 (subsidiary of the Taihai Group)
• Employees: approximately 832, with a significant portion composed of experts and technical personnel
• Industrial campus: ~500,000 m² total area; construction area ~280,000 m²
• Global reach: secured contracts in Southeast Asia, Europe, and North America

Mission

• Deliver world-class, safety-critical nuclear equipment that enhances reactor reliability and lifecycle performance.
• Support global decarbonization by enabling safe, efficient nuclear power deployment.
• Continuously advance manufacturing and materials technology to meet evolving regulatory and customer requirements.

Vision

• Be recognized as a global leader in nuclear pressure-retaining and heat-exchange equipment, trusted for quality, safety, and innovation.
• Expand strategic presence in international markets while maintaining leading-edge domestic capabilities.
• Create long-term value for stakeholders through sustainable growth and technological leadership.

Core Values

• Safety first - embed rigorous quality assurance and compliance throughout design, fabrication, and testing.
• Technical excellence - invest in talent, precision manufacturing, and R&D to push reactor safety and efficiency.
• Integrity - conduct business transparently and responsibly with customers, regulators, and partners.
• Customer focus - align product development and service with client operational needs and lifecycle support.
• Sustainability - minimize environmental impact and support global clean-energy transition.

Key strategic priorities align with the company's mission, vision, and values and are reflected in capital allocation and operational focus:

• Maintain double-digit revenue growth trajectory through expanded export contracts and domestic procurement.
• Sustain R&D spending at roughly 5% of annual revenues (≈¥265 million in 2022) to advance reactor safety and efficiency technologies.
• Leverage the 500,000 m² campus and 280,000 m² construction area to scale production and testing capabilities for large, complex components.

For a detailed financial perspective and investor-focused analysis, see: Breaking Down Taihai Manoir Nuclear Equipment Co., Ltd. Financial Health: Key Insights for Investors

Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ) - Overview

• Taihai Manoir's mission is to deliver high-quality, innovative, and reliable nuclear components and equipment to support the global nuclear power sector, enhancing both safety and efficiency.
• The company prioritizes products that meet stringent international and domestic nuclear safety standards (ASME, GB, ISO) to minimize operational risk across reactor, fuel, and auxiliary systems.
• Innovation is a core pillar: sustained investment in advanced metallurgy, welding, modular fabrication and digital monitoring ensures product competitiveness and lifecycle performance.
• Reliability focuses on durability, traceability and full-process quality control to support continuous operation of nuclear facilities and long-term service contracts.
• Supporting the global nuclear power sector positions Taihai Manoir as a supplier to new-build and life-extension projects, contributing to low-carbon, baseload energy capacity worldwide.
• Strategic alignment: mission-driven investments in R&D and international market expansion underpin the company's growth roadmap and risk-managed globalization.

• To be a globally recognized leader in nuclear equipment supply, known for safety-first engineering, technological leadership and complete lifecycle services.
• To expand participation in international new-build programs and aftermarket services, increasing overseas revenue share while maintaining rigorous compliance and safety culture.

• Safety-first: uncompromising adherence to nuclear safety and quality management at every stage.
• Technical excellence: continuous R&D to push materials science, manufacturing precision and digital monitoring solutions.
• Integrity & compliance: transparent governance, regulatory compliance and ethical supplier relationships.
• Customer focus: engineered solutions tailored to owner/operators' lifecycle requirements, uptime targets and maintenance plans.
• Sustainability: enabling low-carbon power generation through reliable nuclear supply chains and promoting circular practices in manufacturing.

• Scaling R&D centers and pilot production lines to shorten commercialization cycles for advanced alloy components.
• Certification and partnership drives to meet ASME/EN standards for export qualification and participation in international procurement.
• Digitalization of quality assurance (traceability, NDT data integration and predictive maintenance offerings) to increase equipment uptime for clients.
• Targeted M&A and OEM partnerships to expand global footprint and after-market service capability.

• Quality management: ISO 9001, nuclear-specific QA programs and factory acceptance test regimes for critical components.
• Safety culture: EHS systems, regular third-party audits and KPI-driven continuous improvement tied to supplier performance.
• Investor transparency: regular financial disclosures, AGM engagement and corporate governance alignment with Shenzhen exchange requirements.

Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ) - Mission Statement

• Position: Global supplier of nuclear steam supply and pressure-boundary components for commercial reactors.
• Technological focus: Advanced manufacturing (precision forging, electron-beam welding, automated NDT) and design validation for next-generation reactors.
• Strategic aims: Expand global outreach, increase export share, and lead in safety-critical component certification.

• Safety-first manufacturing and QA systems aligned with ASME, RCC-M, and national nuclear codes.
• Investing in R&D to shorten certification cycles and improve component performance under extreme conditions.
• Building long-term partnerships with reactor OEMs, utilities, and international EPC contractors.

• Safety and Compliance - uncompromising adherence to nuclear safety culture and regulatory standards.
• Innovation - continual investment in metallurgy, welding, and quality assurance technologies.
• Quality and Reliability - meeting demanding tolerances and longevity expectations for pressure-boundary components.
• Global Collaboration - expanding international contracts and cross-border supply chains while ensuring export control compliance.
• Sustainability - supporting low-carbon power generation through reliable nuclear plant components.

• Internationalization - leveraging recent overseas contract wins to grow export revenue share and build service networks.
• Advanced manufacturing investments - installing automated machining, precision welding, and digital QA to shorten lead times and reduce rework.
• Partnerships - co-development and supply agreements with reactor vendors to ensure design-to-manufacture traceability and lifecycle support.

Taihai Manoir Nuclear Equipment Co., Ltd. (002366.SZ) Vision Statement

• Integrity: Full compliance with regulatory frameworks, transparent reporting, and a governance structure that aligns management incentives with long-term stakeholder value.
• Innovation: Commitment to sustained R&D investment to advance reactor components, containment systems, and digital manufacturing processes.
• Safety: Zero-tolerance approach to process deviations and a safety management system that drives continuous improvement across all manufacturing sites.
• Collaboration: Strategic alliances with reactor designers, utilities, and research institutions to accelerate product adoption and certification.
• Sustainability: Reduction of the company's carbon intensity and material waste through cleaner production and circular-material initiatives.
• Excellence: Operational KPIs tied to product quality, on-time delivery, and customer satisfaction to maintain leadership in the supply chain.

• Integrity & Governance: Quarterly disclosure cadence and annual third-party assurance of key compliance processes; board-level ethics committee oversight.
• Innovation Roadmap: Target to increase R&D intensity to 7.5% of revenue by 2026, with milestones for prototype delivery and certification of at least two new core components by 2025.
• Safety Programs: Maintain a rolling 12-month lost-time incident rate of zero and expand predictive safety analytics across plants to reduce process deviations by 30% year-on-year.
• Partnerships & Market Expansion: Grow long-term strategic contracts with utilities and OEMs by 20% CAGR over the next three years through joint development agreements and co-funding of testing facilities.
• Sustainability Goals: Reduce CO2 intensity by 25% relative to the 2020 baseline by 2030 and implement circular-material targets for critical alloys used in fabrication.
• Operational Excellence: Improve on-time delivery to customers to 98% and achieve sub-1% defects-per-million (DPM) targets for flagship product lines.

• Capital efficiency: Targeted improvement in asset turnover through factory upgrades to lift revenue per employee from ~0.50 million RMB (2023) toward 0.70+ million RMB by 2026.
• Margin expansion: Product mix shift toward higher-margin certified components and aftermarket services aimed at lifting gross margins by 200-300 bps over three years.
• Dividend & payout: Policy to maintain a progressive dividend linked to sustainable free cash flow while prioritizing reinvestment in R&D and modernization.