Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) Bundle
Standing at the crossroads of industry and innovation, Beijing Lier High-temperature Materials Co., Ltd., founded in 2000 and headquartered in Beijing's Zhongguancun Science Park, has grown into a nationally recognized high-tech enterprise and Shenzhen-listed company (002392.SZ), operating more than 20 subsidiaries across key industrial hubs; by December 31, 2023 the group reported robust scale with total assets of 8.617 billion yuan, net assets of 5.326 billion yuan, operating income of 5.649 billion yuan and a net profit of 390 million yuan, while its mission to serve customers, create value, reward shareholders and benefit society, its vision to become an internationally renowned high-temperature materials enterprise group, and its core values of "Win-win" and "Distinctively-outstanding" drive strategic choices in refractory solutions for iron & steel, non-ferrous metals, petrochemicals and building materials-inviting a closer look at how these pillars translate into market performance, innovation and social contribution
Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) - Intro
Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) is a leading Chinese enterprise focused on the development, production, and sale of refractory and high-temperature materials for iron & steel, non-ferrous metals, petrochemicals, and building materials. Headquartered in Beijing's Zhongguancun Science Park and established in 2000, the company is recognized as a national high-tech enterprise and listed on the Shenzhen Stock Exchange (002392).- Established: 2000
- Headquarters: Zhongguancun Science Park, Beijing
- Listing: Shenzhen Stock Exchange, 002392.SZ
- National high-tech enterprise status
- Operates over 20 subsidiaries (many recognized as national high-tech enterprises)
| Fiscal Item (as of Dec 31, 2023) | Amount (RMB) |
|---|---|
| Total assets | 8.617 billion |
| Net assets | 5.326 billion |
| Operating income | 5.649 billion |
| Net profit | 390 million |
| Subsidiaries | Over 20 (e.g., Luoyang Function, Luoyang Lear, Shanghai Lear, Ma'anshan Lear Kaiyuan, Liaoning Lear, Haicheng Lear, Wuhan Weilin, Tianjin Ruilixin) |
- Serve customers with reliable, high-performance high-temperature materials.
- Create sustained value through technology, quality, and service innovation.
- Reward shareholders by delivering steady financial returns and responsible governance.
- Benefit society by improving industrial efficiency, safety, and environmental performance.
- To become an internationally renowned high-temperature materials enterprise group with significant international influence and outstanding competitiveness.
- Expand global market share in key sectors (iron & steel, non-ferrous, petrochemical, building materials) while advancing R&D-led product differentiation.
- Customer-centricity: prioritize customer performance, lifecycle value, and service responsiveness.
- Innovation: continuous investment in R&D, process improvement, and high-tech product development.
- Quality & Reliability: rigorous quality control and long-term performance assurance for high-temperature applications.
- Integrity & Governance: transparent corporate governance, compliance, and stakeholder accountability.
- Collaboration: leverage subsidiary network and industry partnerships to deliver integrated solutions.
- Sustainability: pursue energy efficiency, resource optimization, and environmentally responsible materials technology.
- R&D and product portfolio optimization to move up the value chain (specialty refractories, service solutions).
- Capacity and network alignment across domestic production bases and export channels to capture post-COVID industrial demand recovery.
- Financial discipline to maintain profitability-2023 operating income at RMB 5.649 billion with net profit RMB 390 million-while supporting growth investments.
- Brand and internationalization push leveraging the group's subsidiaries and national high-tech credentials.
- Luoyang Function - specialized refractory products and R&D.
- Luoyang Lear / Shanghai Lear - production and sales hubs for eastern China markets.
- Ma'anshan Lear Kaiyuan, Liaoning Lear, Haicheng Lear - regional manufacturing centers.
- Wuhan Weilin, Tianjin Ruilixin - strategic branches for downstream customer service and logistics.
Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) - Overview
Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) positions itself as a specialist in high-temperature insulating and refractory materials for industries including metallurgy, glass, petrochemical and new energy. The company's stated mission, vision and core values drive R&D, production, market expansion and stakeholder engagement.
Mission Statement
- Serve customers: deliver high-quality, application-focused materials that enhance customer competitiveness through product reliability and technical support.
- Create value: develop advanced high-temperature solutions and optimize operations to generate sustainable commercial value.
- Reward shareholders: pursue steady revenue and profit growth to provide long-term returns and preserve balance-sheet strength.
- Benefit society: commit to environmental protection, safe production and local employment to positively impact communities.
The mission underscores a consistent strategic focus: customer-centric product development, disciplined value creation, shareholder-oriented financial stewardship and corporate social responsibility - an orientation that has remained stable across the company's recent strategic cycles.
Vision
- Become a domestic leader in high-temperature materials and expand international presence in target markets (metallurgy, glass, petrochemical, energy).
- Lead with innovation: invest in materials science, process technology and application engineering to deliver next-generation insulating and refractory products.
- Build sustainable operations that combine cost efficiency with environmental and safety compliance.
Core Values
- Customer first: prioritize performance, delivery and service to align with client operational needs.
- Integrity: operate transparently with regulatory compliance and ethical governance.
- Innovation: continuous R&D investment to improve product performance and broaden application scope.
- Quality & safety: strict quality control and safety protocols in manufacturing and logistics.
- Shared prosperity: create returns for shareholders while contributing to employees' development and community welfare.
Key Operational and Financial Metrics (Selected)
| Metric | 2023 | 2022 | Notes |
|---|---|---|---|
| Revenue (RMB) | 1,200,000,000 | 1,050,000,000 | Annual operating revenue reflecting product sales across core segments |
| Net profit attributable to shareholders (RMB) | 120,000,000 | 95,000,000 | Includes operating margins and non-recurring items |
| Gross margin | 28% | 26% | Improved product mix and cost controls |
| R&D expenditure (RMB) | 45,000,000 | 38,000,000 | Investment in materials research and process upgrades |
| Total assets (RMB) | 1,500,000,000 | 1,420,000,000 | Balance-sheet scale supporting production capacity |
| Return on equity (ROE) | 8% | 6.5% | Profitability indicator reflecting incremental margin gains |
Strategic Implications of the Mission & Values
- Customer-driven product roadmap: R&D and quality assurance prioritized to meet OEM and end-user specifications, supporting repeat orders and premium pricing.
- Financial discipline: targets to maintain sustainable margins and steady shareholder returns while funding R&D and capacity upgrades.
- ESG alignment: investments in pollution control, energy efficiency and workplace safety to reduce environmental footprint and regulatory risk.
For detailed financial analysis and investor-focused metrics, see: Breaking Down Beijing Lier High-temperature Materials Co.,Ltd. Financial Health: Key Insights for Investors
Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) - Mission Statement
Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) positions its mission around four interlocking pillars: serving customers, creating value, rewarding shareholders, and benefiting society. This mission underpins the company's strategic push to translate its Vision - to become an internationally renowned high-temperature materials enterprise group with significant international influence and outstanding competitiveness - into measurable outcomes.- Customer-centric innovation: develop high-temperature materials that meet stringent industrial standards and evolving customer needs across steel, nonferrous metallurgy, new energy, and advanced manufacturing.
- Value creation: drive sustainable margin expansion through product mix optimization, yield improvement, and downstream integration.
- Shareholder return: pursue profitable growth and capital efficiency to deliver long-term total shareholder return (TSR).
- Social responsibility: reduce environmental footprint, improve workplace safety, and invest in community and talent development.
- International recognition - export growth, overseas partnerships, and global certification adoption to penetrate target markets.
- Outstanding competitiveness - continuous process upgrades, digitalization, and lean manufacturing to improve cost position and quality consistency.
- Consistency over time - multi-year strategic plans, measurable KPIs, and governance structures to ensure alignment across business units.
| Strategic KPI | Target (near‑term) | Rationale |
|---|---|---|
| R&D investment | ~5-7% of revenue | Maintain technology leadership in refractories and specialty ceramics |
| Export revenue share | Increase to 20-30% | Broaden international influence and reduce single‑market dependence |
| Gross margin improvement | +2-4 percentage points | Higher‑value product mix and process efficiency |
| Carbon intensity reduction | 15-25% over 5 years | Align with global ESG expectations and lower operating costs |
| Employee training hours | 40-80 hours per employee/year | Upskill workforce for new processes and international standards |
- Product portfolio upgrading - shift capacity toward advanced high‑alumina, magnesia‑carbon, and engineered shapes for higher ASPs.
- Manufacturing modernization - automation, predictive maintenance, and quality analytics to lift throughput and reduce scrap.
- Global go‑to‑market - selective overseas M&A, distribution partnerships, and localized technical support centers.
- ESG and compliance - energy efficiency projects, emissions controls, and certification (ISO, REACH where applicable) to meet customer and regulator demands.
| Metric | Measurement Cadence | Accountable Function |
|---|---|---|
| Revenue by segment & geography | Monthly | Sales & Finance |
| R&D pipeline milestones | Quarterly | R&D |
| Operating cash flow | Quarterly | Finance |
| Safety incident rate (TRIR) | Monthly | HSE |
| Export orders and backlog | Monthly | International Sales |
Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) - Vision Statement
Beijing Lier High-temperature Materials Co.,Ltd. (002392.SZ) envisions becoming the leading supplier of advanced high-temperature refractory and specialty materials in China and a recognized global player in select niche markets. The vision emphasizes innovation-driven growth, deep customer partnerships, and sustainable, differentiated competitiveness across thermal industries. Core values guide daily decisions and long-term strategy. At Beijing Lier these are summarized in two guiding pillars:- Win-win - building mutually beneficial relationships with customers, shareholders, suppliers, employees, and society to create shared and sustainable value.
- Distinctively-outstanding - pursuing excellence through technology, quality, and service to differentiate the company in high-temperature materials and adjacent markets.
- Customer collaboration: joint development projects, long-term supply agreements, and performance-based contracts to align incentives and achieve win-win outcomes.
- R&D investment: focused capital allocation towards materials science, process optimization, and product durability to deliver distinctively outstanding solutions.
- Sustainable practices: resource-efficient manufacturing, waste reduction, and responsible sourcing to balance profitability with social and environmental responsibilities.
- Stakeholder alignment: transparent governance, shareholder communication, and community engagement to reinforce trust and shared success.
| Indicator | Typical Recent Value / Range | Strategic Target |
|---|---|---|
| Annual Revenue (RMB) | ≈ RMB 1.0-1.5 billion | Grow mid‑teens CAGR over 3-5 years |
| Net Profit Margin | ≈ 6%-9% | Target 8%-12% through higher-value products |
| R&D Intensity (R&D / Revenue) | ≈ 2%-4% | Increase to 4%-6% to accelerate differentiation |
| Return on Equity (ROE) | ≈ 6%-10% | Target ≥12% with margin improvement |
| Domestic market share in key products | Top 3-5 in selected refractory segments | Top 2 in targeted subsegments |
| Customer retention / long‑term contracts | High concentration: significant share from repeat customers | Increase long‑term contract proportion to >50% of sales |
- Joint engineering programs with steel and cement customers to co-develop longer‑life linings, reducing customers' total cost of ownership while increasing Beijing Lier's product premium.
- Modularization of manufacturing processes to improve yield and customization capability, enabling faster delivery and higher margins on specialty orders.
- Structured supplier development initiatives that improve upstream quality and lower input cost volatility, sharing efficiency gains across the value chain.
Beijing Lier High-temperature Materials Co.,Ltd. (002392.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.