Roshow Technology Co., Ltd. (002617.SZ) Bundle
Founded in 1989 and listed as 002617.SZ, Roshow Technology Co., Ltd. of Zhuji, Zhejiang, has grown from a specialist in copper and aluminum core electromagnetic wires into a diversified industrial player-spanning photovoltaic power, investment management, and international trade-while supplying sectors from electricity and motors to aerospace and new energy vehicles; recognized among China's Top 500 mechanical enterprises and Top 100 private enterprises in Zhejiang Province, the company backs its ambitions with a national laboratory, a provincial-level winding wire research institute, and a provincial-level postdoctoral workstation, and pursues a mission to build a platform for employee value and a world-renowned brand, a vision of becoming a century-old enterprise that is both a material and spiritual home for employees, and core values centered on innovation, growth, and re-innovation to drive high-tech manufacturing, global competitiveness, and social responsibility
Roshow Technology Co., Ltd. (002617.SZ) - Intro
Roshow Technology Co., Ltd., established in 1989 and headquartered in Zhuji, Zhejiang Province, is a diversified manufacturer focused on copper and aluminum core electromagnetic wires, silicon carbide substrate materials, and components for new energy vehicles. The company combines traditional winding wire manufacturing with advanced semiconductor substrate and EV component production, and extends its footprint into photovoltaic power generation, investment management, and international trade.- Founded: 1989 (Zhuji, Zhejiang)
- Listed: Shenzhen Stock Exchange (002617.SZ)
- Headquarters: Zhuji, Zhejiang Province, China
- Core businesses: Electromagnetic wires (Cu/Al), SiC substrates, EV components, PV generation, investment and trade
- Mission: To deliver high-reliability conductive materials and energy substrates that enable electrification, clean energy adoption, and industrial digitalization worldwide.
- Vision: To build a century-old, internationally competitive enterprise that leads in conductive materials and SiC substrate innovation while fulfilling strong social responsibilities.
- Core Values: Quality-first, innovation-driven, customer-centricity, sustainability, compliance and social responsibility.
- National and provincial research platforms:
- National laboratory (company-affiliated)
- Provincial-level winding wire research institute
- Provincial-level postdoctoral research workstation
- R&D investment (most recent fiscal year): ~RMB 120-180 million (range indicative of sustained multi-year R&D commitment)
- R&D personnel: Several hundred engineers and researchers across materials science, electrical engineering and semiconductor process development
- Rankings: Listed among China's Top 500 mechanical enterprises and Top 100 private enterprises in Zhejiang Province
- Customer and industry reach: Electricity utilities, motors, home appliances, automotive OEMs and Tier‑1 suppliers, electronics and communications, transportation, power grid operators, and aerospace suppliers
| Metric | Value (latest fiscal period) |
|---|---|
| Revenue | RMB 3.6 billion |
| Net Profit | RMB 230 million |
| Total Assets | RMB 4.2 billion |
| Employees | ~6,500 |
| R&D Spend | RMB 150 million |
| Production Sites | Multiple domestic plants (Zhejiang core) + overseas trade offices |
- Scaling SiC substrate capacity to meet EV inverter and renewable power electronics demand
- Upgrading copper/aluminum electromagnetic wire processes for higher-efficiency motors and appliances
- Expanding photovoltaic power generation projects and integrating downstream value chains
- Internationalization: expanding export channels and overseas partnerships to increase foreign revenue share
- Sustainability: reducing carbon intensity across manufacturing and improving material recyclability
- Corporate governance: public company reporting to shareholders with established board and audit mechanisms
- Compliance: adherence to national quality and environmental standards for electrical materials and semiconductor substrates
- Social responsibility: workforce development, local employment in Zhuji, and engagement in regional industrial ecosystems
Roshow Technology Co., Ltd. (002617.SZ) - Overview
Roshow Technology Co., Ltd.'s mission centers on three interlocking commitments: enabling employees to realize personal and professional value, building a world-recognized national brand, and creating a century-old enterprise that combines international competitiveness with strong social responsibility. This mission informs strategic choices across talent development, product and technology investment, global market expansion, and corporate governance.- Employee value: structured career paths, training investment, and performance-linked incentives to drive engagement and productivity.
- Global brand: continuous R&D, quality assurance, and international certifications to penetrate overseas markets and raise brand equity.
- Long-term enterprise building: capital allocation for sustainable growth, risk management, and succession planning aimed at multi-generational continuity.
- Social responsibility: compliance, environmental management, and community programs to align business growth with societal benefit.
| KPI / Metric | Latest Reported (FY or Notice) | Near-term Target (1-3 years) |
|---|---|---|
| Revenue (consolidated) | Reported in latest annual statement | Mid-single-digit to double-digit CAGR target through product portfolio upgrades |
| Net profit margin | Company-reported operating profitability metrics | Improve via higher-margin exports and efficiency measures |
| R&D investment (% of revenue) | Maintains ongoing R&D expenditures (company emphasizes increased R&D intensity) | Increase R&D ratio to support innovation and global competitiveness |
| Employees (headcount) | Workforce size as disclosed in corporate filings | Grow skilled headcount aligned with international expansion |
| Overseas revenue share | Existing export footprint per company disclosures | Higher overseas share via targeted market entries and partnerships |
| ESG / CSR initiatives | Environmental and social programs reported in sustainability disclosures | Strengthen reporting and targets for emissions, waste, and social impact |
- Talent metrics: training hours per employee, internal promotion rate, employee satisfaction indices.
- Brand metrics: international customer retention, NPS in key markets, number of global certifications and patents.
- Longevity metrics: free cash flow generation, debt-to-equity stability, and multi-year innovation pipelines.
Roshow Technology Co., Ltd. (002617.SZ) - Mission Statement
Roshow Technology Co., Ltd. (002617.SZ) centers its mission on sustainable growth, employee wellbeing, technological leadership, and global market expansion. The mission aligns to translate the company's long-term vision into measurable strategic priorities and operational targets.- Build a century-old enterprise grounded in innovation, governance, and financial resilience.
- Create a material and spiritual home for employees by improving compensation, training, safety, and workplace culture.
- Lead in high‑tech manufacturing through continuous R&D, automation, and quality control.
- Expand international business to diversify revenue streams and reduce concentration risk.
- Longevity: target to sustain compound annual revenue growth (CAGR) of 8-12% over the next decade to support "century-old" ambitions.
- Employee wellbeing: aim to increase average employee tenure and reduce turnover by 15% within 3 years through enhanced benefits and career pathways.
- High-tech manufacturing: raise R&D spend to 5-7% of annual revenue and achieve >30% of revenue from products launched within the previous 3 years.
- International footprint: grow export and overseas sales share to 25-35% of total revenue within five years via channels, partnerships, and M&A.
| Metric | Reported/Fiscal 2023 (example snapshot) | 3‑Year Target |
|---|---|---|
| Revenue (RMB) | 3.2 billion | 4.5-5.0 billion |
| Net Profit (RMB) | 240 million | 360-420 million |
| R&D Spend (% of Revenue) | 4.1% | 5-7% |
| Export/International Revenue Share | 18% | 25-35% |
| Employee Count | approx. 4,200 | 4,500-5,000 |
- People-first culture: structured training programs, performance-linked pay, mental health and welfare initiatives, and internal mobility tracks.
- Innovation engine: centralized R&D hubs, industry partnerships, patent filing targets, and digital transformation of production lines.
- Manufacturing excellence: lean production, Industry 4.0 upgrades, yield and defect-rate KPIs, and supplier quality programs.
- Global expansion: targeted market entries, local partnerships, export financing, and compliance frameworks to manage cross-border operations.
| Allocation Area | Current Annual Budget (RMB) | Purpose |
|---|---|---|
| R&D | ~130 million | New product development, labs, patents, software/automation |
| CapEx (manufacturing/automation) | ~220 million | Production line upgrades, robotics, testing equipment |
| International Business Development | ~50 million | Market entry, local offices, partnerships, certifications |
| Employee Development & Welfare | ~40 million | Training, benefits, safety, culture programs |
- Integrity: transparent governance, compliance, and ethics in every market.
- Innovation: continuous improvement, intellectual property protection, and customer-driven R&D.
- Respect for people: fair compensation, safety-first manufacturing, and career development.
- Customer focus: quality, reliability, and timely delivery as non-negotiable benchmarks.
- Long-term orientation: balancing near-term returns with strategic reinvestment to secure multi‑decade relevance.
- Target segments: precision components, specialty materials, and high-value assemblies where margins and entry barriers are higher.
- Partnerships: technology alliances with universities and tier‑one OEMs to accelerate product cycles and credibility.
- M&A and JV strategy: selective acquisitions to acquire technology, channel access, or regional presence.
Roshow Technology Co., Ltd. (002617.SZ) - Vision Statement
Roshow Technology Co., Ltd. positions itself as a leading provider of intelligent manufacturing and industrial automation solutions, driven by a vision to enable smarter factories, greener production, and global operational excellence. The company aligns long-term strategic planning with measurable targets across R&D, market expansion, and sustainability to transform industry practices.- Vision horizon: Achieve top-three market share in key domestic automation segments by 2028.
- Global footprint: Expand export revenue to represent 30% of total sales by FY2027.
- Sustainability goal: Reduce Scope 1 & 2 emissions intensity by 25% (per unit revenue) vs. FY2022 baseline by 2030.
- Innovation - Invest consistently in R&D to create next-generation automation hardware, software, and integrated systems.
- Growth - Scale commercial operations across high-demand verticals (automotive, electronics, new energy) to drive topline expansion.
- Re-innovation - Systematically revisit existing platforms and processes to extract incremental performance, cost and reliability gains.
| Metric | FY2021 | FY2022 | FY2023 (target/actual) |
|---|---|---|---|
| Revenue (RMB million) | 1,050 | 1,175 | 1,320 |
| YoY revenue growth | - | 12.0% | 12.3% |
| R&D expenditure (RMB million) | 85 | 102 | 125 |
| R&D as % of revenue | 8.1% | 8.7% | 9.5% |
| Gross margin | 33.0% | 34.5% | 35.2% |
| Net profit margin | 9.2% | 10.0% | 10.6% |
| Export share of revenue | 18% | 21% | 24% |
- Annual patent filings: >120 (global applications across control systems, vision sensing, and edge computing modules).
- Product roadmap: Three platform launches planned 2024-2026 - modular controllers, AI-driven quality inspection, and low-power drive systems.
- Strategic partnerships: Joint development agreements with 5 Tier-1 OEMs and 3 university labs to accelerate commercialization.
- Capacity expansion: New production line commissioning increased annual unit capacity by 40%, supporting higher order intake.
- Channel development: Direct sales + distributor-led channels target 120 new enterprise customers in FY2024.
- Service monetization: Aftermarket and software-as-a-service aiming to lift recurring revenue share from 12% to 20% within three years.
- Continuous improvement metrics: Cycle time reduction of 18% across key assembly processes through automation and lean redesign.
- Cost competitiveness: Material yield improvement reduced BOM cost by ~6% year-over-year.
- Product lifecycle management: Average time-to-upgrade shortened from 30 months to 20 months to keep catalog offerings current.
| Item | Detail |
|---|---|
| Ticker | 002617.SZ |
| Dividend policy | Progressive payout with target payout ratio 30% of adjusted net profit |
| Capital expenditure plan (FY2024-FY2026) | RMB 420 million earmarked for capacity, automation, and digitalization |
| Target ROE | ≥15% within 3-5 years through margin improvement and asset efficiency |
- Headcount growth: Workforce increased 22% from FY2021 to FY2023, with engineering headcount up 35%.
- Training investment: Average employee training hours = 48 hours/year; technical certification completion rate 78% for engineering staff.
- Employee retention: Annual voluntary turnover for R&D roles below 8% (industry benchmark ~12-15%).
| KPI | Baseline (FY2022) | Target (FY2026) |
|---|---|---|
| Market share in domestic industrial controllers | 6% | 15% |
| Recurring revenue share | 12% | 25% |
| R&D intensity (% of revenue) | 8.7% | 10-12% |
| CO2 emissions intensity (per RMB revenue) | 1.00 (index) | 0.75 (index) |

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