Mission Statement, Vision, & Core Values (2026) of Riyue Heavy Industry Co., Ltd.

Riyue Heavy Industry Co., Ltd., founded in 2007 and headquartered in Ningbo, has grown into a major supplier of large-scale equipment castings for wind turbines, diesel engines, machining centers and mining gear, employing about 4,747 people as of late 2025 and commanding a market valuation of roughly 13.23 billion yuan; driven by a mission to be the strategic partner of heavy equipment manufacturers and to accelerate industry upgrades, the company pairs a vision of high-tech, low-carbon, environmentally protective growth with core values-health, loyalty, creativity and quality-that crystallize in its business philosophy "All for customers, all from innovation," a stance reflected in first-half 2025 results showing operating revenue of 3.226 billion yuan (up 80.41% year-on-year) even as net profit attributable to shareholders fell 32.74%, underscoring the operational and strategic tensions that make Riyue's next moves critical for stakeholders and partners across energy, general machinery and marine engineering sectors.

Riyue Heavy Industry Co., Ltd. (603218.SS) - Intro

• Core business: design and manufacture of large-scale castings for wind power turbines, plastic machinery, diesel engines, machining centers and large mining equipment.
• Key end markets: wind energy, general machinery, mining, marine engineering and specialized equipment manufacturing.
• Headquarters: Ningbo, Zhejiang Province; founded in 2007.

Mission

• Deliver world-class, large-scale casting solutions that enable durable, high-efficiency industrial equipment.
• Support customers' performance and lifecycle goals through R&D, quality metallurgy and precision machining.
• Create sustainable value for shareholders, employees and industrial ecosystems by scaling advanced manufacturing capabilities.

Vision

• Be a global leader in heavy-industry castings-recognized for technological depth, product reliability and environmental responsibility.
• Drive the transition of heavy manufacturing toward higher material efficiency, lower carbon intensity and intelligent production.
• Expand product reach across renewable energy, intelligent machinery and offshore/marine markets to capture long-term structural demand.

Core Values

• Quality First - rigorous metallurgical control, process discipline and inspection standards to ensure component integrity.
• Customer-Centricity - tailor solutions and delivery to meet OEM schedules and performance specifications.
• Innovation - sustained investment in R&D, process automation and material science to improve yield and reduce unit cost.
• Operational Excellence - continuous improvement in throughput, lead times and safety across foundry and machining operations.
• Sustainability & Compliance - commitment to environmental standards, energy efficiency and regulatory adherence in heavy manufacturing.

Strategic Priorities & Executional Focus

• Scale production capacity for wind-turbine and heavy mining castings to capture accelerating renewable and infrastructure orders.
• Improve gross margin via process optimization and higher-value machining services downstream of casting.
• Invest in automation and digital foundry systems to reduce variability, shorten cycle times and address labor intensity despite a workforce of ~4,747.
• Strengthen balance-sheet resilience while navigating margin pressure reflected in H1 2025 net-profit decline despite strong revenue growth.

Riyue Heavy Industry Co., Ltd. (603218.SS) - Overview

• Strategic partnership: focus on long-term OEM/ODM relationships with major construction and mining equipment makers.
• Industry upgrading: invest in modularization, electrification, and intelligent manufacturing to raise the technology floor of the sector.
• Quality and safety: design and certify components and full machines to international safety and durability standards.
• Continuous innovation: allocate R&D resources to improve fuel efficiency, emissions, telematics, and autonomous capabilities.

• To be recognized as the preferred strategic partner for global heavy equipment manufacturers through integrated product platforms and system-level solutions.
• To lead adoption of low-emission and intelligent systems in heavy machinery by 2030, reducing lifecycle emissions and improving machine uptime.
• To scale global after-sales and digital service capabilities, turning installed base into recurring revenue streams.

• Customer-centricity - align R&D and production to customer roadmaps and uptime targets.
• Reliability - engineer components and assemblies for long life and low total cost of ownership.
• Innovation - commit to continuous product and process improvement; maintain double-digit CAGR in core technology investments.
• Collaboration - build joint development programs, licensing, and co-investment with OEMs and tier suppliers.
• Integrity & compliance - adhere to international quality, safety, and environmental standards to support global deployment.

Riyue Heavy Industry Co., Ltd. (603218.SS) - Mission Statement

• Lead industry innovation through continuous R&D investment and advanced manufacturing systems.
• Reduce lifecycle carbon intensity of products and operations while expanding renewable-energy solutions.
• Maintain operational excellence and safety, ensuring harmonious relations with employees, communities, and regulators.
• Deliver long-term value to shareholders by aligning profitability with sustainability goals.

• Technology: Increase automation, digitalization, and low-carbon process technologies across production lines.
• Environment: Implement energy-efficiency retrofits and closed-loop material use to minimize waste and emissions.
• Market: Expand global footprint in offshore wind, solar-supporting heavy equipment, and low-carbon industrial projects.
• Governance: Strengthen ESG reporting, compliance, and stakeholder engagement to meet international standards.

• R&D pipeline: Accelerate development of low-emission bearings, large-scale wind foundation equipment, and modular manufacturing cells to improve yields by 8-12%.
• Energy portfolio: Deploy onsite solar + storage at major plants to offset 25-40% of grid electricity consumption by 2027.
• Supply chain: Require Tier-1 suppliers to report scope 1-3 emissions and adopt low-carbon material blends, aiming for a 20% reduction in upstream embodied carbon by 2028.
• Finance: Link executive incentives to combined ESG KPIs (safety, emission intensity, and ROE) with at least 15% of LTIP tied to sustainability metrics.

• Efficiency gains: Target 10% reduction in energy consumption per unit produced within three years of retrofit completion.
• Waste reduction: Achieve 50% recycling/reuse rate for industrial waste streams at core plants by 2026.
• Market impact: Win a minimum of three international low-carbon heavy-equipment contracts per year from 2024-2026.

Riyue Heavy Industry Co., Ltd. (603218.SS) - Vision Statement

• Health: Prioritizing employee safety, occupational health programs, and workplace ergonomics to reduce incidents and boost productivity.
• Loyalty: Building long-term relationships with employees, suppliers, and customers through fair practices, stable employment, and transparent governance.
• Creativity: Investing in R&D, process innovations, and product upgrades to maintain competitiveness and adapt to market shifts.
• Quality: Implementing rigorous quality management systems and after-sales support to ensure product reliability and customer satisfaction.

• Health metrics: Lost-time injury frequency rate (LTIFR) targets and annual health screenings to lower workplace incidents by targeted percentages year-over-year.
• Loyalty metrics: Employee retention rates, average tenure, and supplier continuity indices to ensure stable operational capability.
• Creativity metrics: Number of patent filings, product launches, and percentage of revenue from new products (targeted share increases annually).
• Quality metrics: Warranty return rates, first-pass yield, and Net Promoter Score (NPS) for aftermarket service.