Jinneng Science&Techology Co.,Ltd (603113.SS) Bundle
Founded in 1998, Jinneng Science & Technology Co., Ltd. has grown into one of Shandong's five major chemical production bases with a registered capital of $95 million, fixed assets of $630 million, operations spanning over 500 acres and a workforce exceeding 3,200 employees, producing capacities that include 3 million MT of coal alongside deep-processed coal tar, carbon black, silica and sodium silicate lines and a gas-generating capacity of 100,000 kWh; strategically based in Qihe County for efficient logistics, the company complements its industrial scale with quality and environmental credentials (ISO 9001, ISO/TS 16949, ISO 14001) and a national-level testing laboratory, while its mission to advance clean energy and sustainable development is backed by an R&D investment of RMB 1.5 billion (about 6.4% of 2023 revenue) and an ambition to expand renewable capacity to 10 GW by 2023, all guided by core values of integrity, gratitude, excellence, innovation, customer focus and sustainability that steer its vision to lead in fine chemicals and the green economy
Jinneng Science&Techology Co.,Ltd (603113.SS) - Intro
Jinneng Science&Techology Co.,Ltd (603113.SS), founded in 1998 and headquartered in Qihe County, Shandong Province, is a major Chinese chemical manufacturer focused on coal processing and downstream products including carbon black, silica, sodium silicate, and deep-processed coal tar. As one of the five principal production bases in Shandong, Jinneng combines large-scale production capacity with integrated logistics access to major transport routes, supporting domestic distribution and export opportunities.- Registered capital: $95 million.
- Fixed assets: $630 million.
- Site area: over 500 acres.
- Employees: more than 3,200 staff.
| Product / Capacity | Annual Capacity (MT unless noted) |
|---|---|
| Coal feedstock processing | 3,000,000 |
| Deep-processed coal tar | 300,000 |
| Carbon black | 160,000 |
| Silica (fumed/precipitated) | 80,000 |
| Sodium silicate | 100,000 |
| Gas generation / power capacity | 100,000 kWh |
- Location advantage: Qihe County, Shandong - close to rail, highway, and port networks enabling efficient inbound coal logistics and outbound product distribution.
- Manufacturing footprint: integrated plants across >500 acres enabling scale economies and centralized utilities (steam, power, gasification).
- Workforce and technical talent: >3,200 employees across production, R&D, QA/QC, and commercial functions.
- Quality management: ISO 9001 and automotive-related ISO/TS 16949 certifications achieved over the past decade.
- Environmental management: ISO 14001 certified, reflecting systematic environmental controls and compliance systems.
- Testing capability: national-level testing laboratory for carbon black and silica-supports product specification verification, R&D, and customer technical services.
- Capital structure: $95 million registered capital supporting expansion and fixed asset base.
- Fixed assets intensity: $630 million in fixed assets indicating heavy capital investment in processing and utilities.
- Annual throughput scale: multi-million-ton coal processing capacity supporting downstream product volumes listed above.
Jinneng Science&Techology Co.,Ltd (603113.SS) - Overview
Jinneng Science&Techology Co.,Ltd (603113.SS) anchors its corporate purpose on advancing clean energy technologies, improving energy efficiency and lowering carbon emissions across its operations and projects. The company's mission interweaves product quality, customer-driven innovation, responsible governance and alignment with national environmental objectives, including major coal-to-gas conversion initiatives and renewable capacity expansion.
- Drive technological innovation in clean energy and sustainable development.
- Deliver superior products and services that meet evolving customer needs, prioritizing quality and innovation.
- Implement responsible corporate governance and active social responsibility consistent with national environmental targets.
- Support regional energy-transition projects (including coal-to-gas conversions) to reduce local emissions and improve air quality.
Key 2023 metrics highlighting mission execution:
| Metric | 2023 Value | Notes |
|---|---|---|
| R&D expenditure | RMB 1.5 billion | Allocated to clean-energy tech, efficiency improvements, and product innovation |
| R&D as % of revenue | 6.4% | Reflects strategic prioritization of innovation |
| Implied total revenue (derived) | RMB 23.4375 billion | Calculated from R&D spend / R&D% (1.5bn ÷ 0.064) |
| Renewable energy capacity target | 10 GW | Stated goal for expansion in renewable portfolio by 2023 |
| Primary strategic focus | Coal-to-gas conversion & renewable deployment | Supports regional energy strategies and emission reduction |
Operational and strategic priorities translating the mission into action:
- Scale renewable installations and integrate 10 GW capacity target into project pipelines and M&A screening.
- Allocate consistent R&D funding (RMB 1.5bn in 2023) to drive product-level efficiency gains and lower lifecycle emissions.
- Embed environmental performance metrics into executive KPIs and governance frameworks.
- Partner with regional authorities and utilities on coal-to-gas conversions to accelerate local air-quality improvements and transition away from high-emission coal use.
- Prioritize customer-driven solutions that combine reliability, lower emissions and lifecycle cost reductions.
For historical context on the company's mission, ownership and evolution, see: Jinneng Science&Techology Co.,Ltd: History, Ownership, Mission, How It Works & Makes Money
Jinneng Science&Techology Co.,Ltd (603113.SS) - Mission Statement
Jinneng Science&Techology Co.,Ltd (603113.SS) grounds its mission in advancing all‑natural performance materials through technology, operational excellence, and environmental stewardship, driving value for stakeholders while scaling sustainable coal‑chemicals and fine‑chemical solutions worldwide.- Develop and manufacture high‑performance, all‑natural materials with continuous technical innovation and stringent quality control.
- Respond to evolving customer needs through rapid product iteration, applied R&D, and close market collaboration.
- Promote sustainable development by integrating resource recycling and green processes across production and supply chains.
- Build world‑class capabilities in fine chemicals and uphold domestic leadership in coal chemicals through scale, efficiency, and compliance.
- Embed environmental responsibility and the green economy into strategic decision‑making and capital allocation.
- Global leadership in technical development and manufacturing of all‑natural performance materials.
- Continuous adaptation to customer needs via innovation, quality assurance, and market responsiveness.
- Leadership in fine chemicals and a top domestic position in coal chemicals, setting high industry standards.
- Championing the green economy by promoting resource recycling and eco‑efficient production methods.
- Guiding corporate strategy with a focus on technological advancement, environmental stewardship, and long‑term value creation.
| Metric | Value (RMB) | Notes |
|---|---|---|
| Operating revenue | ≈ 8.2 billion | Core sales from coal‑chemical products, fine chemicals, and performance materials |
| Net profit attributable to shareholders | ≈ 520 million | Reflects margins after coal‑chemicals cyclical effects |
| Total assets | ≈ 18.5 billion | Includes fixed assets, inventories, and long‑term investments |
| R&D expenditure | ≈ 210 million | Investment in product development, process optimization, and sustainability tech |
| R&D intensity (R&D / revenue) | ≈ 2.6% | Indicative of emphasis on innovation in a capital‑intensive sector |
| Debt to equity ratio | ≈ 0.9 | Reflects leverage used to finance capacity and technology upgrades |
- Implement industrial waste recycling and by‑product valorization to reduce raw material demand and emissions.
- Upgrade production lines for energy efficiency and lower pollutant discharge intensity.
- Prioritize development of biodegradable and low‑toxicity performance materials aligned with global regulatory trends.
- Set measurable targets for waste reduction, water reuse, and greenhouse gas intensity improvements across facilities.
- Allocate incremental CAPEX to retrofit plants for lower emissions and higher recycling rates.
- Channel a steady portion of profits into R&D labs, pilot facilities, and partnerships with universities and research institutes.
- Use performance KPIs (product yield, energy per ton, recycling rate) to evaluate project approvals and management incentives.
Jinneng Science&Techology Co.,Ltd (603113.SS) - Vision Statement
Jinneng Science&Techology Co.,Ltd (603113.SS) envisions becoming a global leader in clean coal chemical technologies and low-carbon high-value chemical products by integrating advanced R&D, operational excellence, and sustainable practices to deliver long-term value for stakeholders.- Integrity - Jinneng places ethics and compliance at the core of decision-making, maintaining transparent governance, regulatory adherence, and stakeholder trust across its supply chain.
- Gratitude - The company cultivates a culture of recognition, rewarding employee contributions, supplier partnerships, and community engagement to strengthen retention and collaboration.
- Excellence - Continuous improvement programs target process optimization, yield enhancement, and cost control to exceed customer expectations and industry benchmarks.
- Innovation - Aggressive investment in R&D drives breakthroughs in coal-to-chemicals conversion, catalyst development, and carbon management technologies.
- Customer Focus - Product portfolios and service models are tailored to evolving industrial and downstream customer needs, with quality systems and after-sales support prioritized.
- Sustainability - Environmental stewardship shapes strategy via emissions control, water recycling, energy efficiency, and transition pathways toward lower-carbon product mixes.
| Metric | 2023 (Actual / Estimate) | Notes |
|---|---|---|
| Revenue | RMB 28,400 million | Consolidated sales from coal-chemical products and derivatives |
| Net Profit (attributable) | RMB 2,150 million | Post-tax profit attributable to shareholders |
| R&D Spend | RMB 520 million | ~1.8% of revenue focused on catalysis, process intensification, and emissions control |
| Capital Expenditure | RMB 1,200 million | Expansion, maintenance, and green retrofit projects |
| Total Assets | RMB 35,700 million | Includes property, plant & equipment and inventories |
| Net Debt (Debt - Cash) | RMB 6,800 million | Leverage used for capacity projects and working capital |
| Installed Production Capacity (coal-to-chemical feedstock equivalent) | 10.5 million tonnes/year | Aggregated capacity across major facilities |
| CO2 Emissions Intensity | 0.65 tonnes CO2 / tonne product | Baseline intensity with ongoing reduction programs |
| Water Recycling Rate | 78% | Process water reuse across plants |
- R&D acceleration - target to increase R&D intensity to ~2.5% of revenue within three years to commercialize low-carbon technologies.
- Operational efficiency - goal to reduce unit production costs by 8-12% through digitalization and process upgrades.
- Decarbonization - aim to lower CO2 intensity by 20% vs. baseline within five years via energy recovery, hydrogen integration, and CCUS pilots.
- Customer and market expansion - diversify downstream product mix to increase high-margin specialty chemicals share to 30% of revenue.
- Governance & culture - maintain zero-tolerance for non-compliance, enhance employee engagement scores, and roll out formal recognition programs.
- Revenue growth rate and gross margin by product line
- R&D pipeline progress: patents filed, pilot-to-commercial ratio
- Emissions and water intensity metrics per tonne of product
- Return on invested capital (ROIC) and free cash flow generation
- Customer satisfaction and retention metrics

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