Mission Statement, Vision, & Core Values (2026) of Jiangyin Hengrun Heavy Industries Co., Ltd.

Founded in July 2003, Jiangyin Hengrun Heavy Industries Co., Ltd has grown into a precision machinery powerhouse employing over 1,400 people and delivering diversified products-from wind power flanges and gas turbine components to nuclear and semiconductor equipment-backed by strategic alliances with Siemens, GE, Emerson, Vestas and Shanghai Electric and recognized as a leader in the offshore wind flange sector; driven by a mission to "keep pace with the times" through quality and innovation, a vision to become a "globally leading and sustainable provider of intelligent industrial solutions," and core values of being future-oriented, embracing change and innovation, openness, collaboration and the pursuit of excellence, Hengrun couples its R&D heft-68 patents including 35 invention patents-with solid commercial scale (reported sales of around RMB 1.8 billion in 2023, revenue of RMB 1.73 billion (-6.64%) in 2024 and a market capitalization near RMB 6.24 billion, alongside a TTM revenue of RMB 3.79 billion) as it accelerates product expansion and operational efficiency to meet evolving global industrial demands

Jiangyin Hengrun Heavy Industries Co., Ltd (603985.SS) - Intro

• Founded: July 2003 in Jiangyin, China.
• Headcount: >1,400 employees (as of 2023).
• Business model: Integrated one-stop precision machinery services - design, forging, finishing.
• Core product lines: wind power flanges, gas turbine components, nuclear components, semiconductor equipment, pressure vessels, offshore oil & gas equipment.
• Market position: Recognized leader in offshore wind power flanges; supplier to major OEMs.

• Deliver precision-engineered, reliable heavy-industrial components that enable global energy and infrastructure projects.
• Combine advanced manufacturing with customer-centric partnerships to reduce lifecycle cost and improve uptime for end users.

• Be the global benchmark in precision heavy-industry fabrication and a preferred strategic partner for turbine, nuclear, semiconductor, and offshore energy sectors.
• Drive sustainable growth through technological leadership, operational excellence, and expanded global market share.

• Quality & Reliability - zero-compromise manufacturing standards and rigorous inspection at each process stage.
• Innovation - sustained investment in R&D, patents, and collaborative research with universities.
• Customer Partnership - long-term supplier relationships and performance guarantees for critical components.
• Safety & Compliance - adherence to international standards for pressure vessels, offshore and nuclear components.
• Sustainability - enable low-carbon energy systems (offshore wind) through specialized products.

• Key partners: Siemens, GE, Emerson, Vestas, Shanghai Electric.
• Awards: Multiple 'Excellent Supplier' recognitions from strategic OEM partners for quality, delivery and technical support.
• Impact: Partnerships accelerate technology transfer, open global OEM supply chains, and support qualification for mega-projects in wind and power generation.

• Industry-university-research institutes established with leading universities to advance metallurgy, forging techniques, and precision machining.
• Patents (Dec 2021): 68 total - 35 invention patents and 33 utility model patents, reflecting IP depth in forging, component design, and processing.

• Reverse revenue decline via product diversification and higher-value components.
• Improve operational efficiency and throughput to regain margin momentum after 2024 revenue drop.
• Leverage OEM partnerships to expand global project participation, especially in offshore wind and gas turbines.
• Scale R&D commercialization - convert patents into qualified, revenue-generating products.

• Public ticker: 603985.SS
• Investor interest drivers: market-leading product niches (offshore wind flanges), long-term OEM contracts, patent-backed capabilities, and visible path to margin recovery after a 6.64% revenue decline in 2024.

Jiangyin Hengrun Heavy Industries Co., Ltd (603985.SS) - Overview

Mission Statement - Hengrun's mission is to 'keep pace with the times and meet the evolving application needs of customers with quality and innovation.' This mission drives product development, customer engagement and operational priorities across engineering, manufacturing and after-sales services. By centering on quality and innovation, Jiangyin Hengrun Heavy Industries aims to remain responsive to fast-moving technological change in heavy equipment, pressure vessels, and engineered steel structures.

• Customer-centric innovation: product roadmaps and R&D priorities aligned to end-customer application shifts (e.g., energy, petrochemical, infrastructure).
• Quality-first execution: factory processes, third-party certifications and quality assurance protocols to reduce warranty and rework costs.
• Continuous improvement: iterative updates to production methods, materials selection and digital tooling to improve yield and reduce lead times.

The mission anchors strategic choices such as capital allocation to automation, selective expansion of production lines, and targeted R&D partnerships. It also shapes KPIs used by management and the board to measure progress toward improved delivery time, lower defect rates and higher customer satisfaction.

Vision - Jiangyin Hengrun Heavy Industries envisions being recognized as a leading, agile provider of heavy industrial equipment and engineered solutions that combine proven manufacturing quality with forward-looking technological capability. The vision emphasizes:

• Scalable manufacturing: capability to serve both large EPC projects and smaller bespoke orders.
• Technology adoption: integrating digital design, welding automation, non-destructive testing and lifecycle monitoring.
• Market leadership in select niches: pressure vessels, heat exchangers, and large steel fabrications where reliability and compliance are paramount.

Translating vision into measurable targets, the company prioritizes improvements in order-to-delivery cycle, export growth and margin uplift through process automation and higher-value product mixes.

Core Values - The core values embody the operational and cultural norms that support the mission and vision. These include:

• Quality and Compliance: rigorous adherence to national and international standards (e.g., ASME, GB) and third-party inspection regimes.
• Innovation: incremental and breakthrough improvements driven by engineering teams and external collaborations.
• Customer Focus: responsiveness, customized engineering and reliable after-sales service.
• Integrity and Safety: transparent business practices and continuous workplace safety investments to reduce incidents and insurance costs.
• Sustainability: energy-efficiency improvements in production and design choices that reduce environmental footprint.

Strategic Alignment - The mission, vision and values are embedded into board-level strategy sessions and annual operating plans. Capital allocation decisions (automation CAPEX, selective capacity expansion, R&D) and market focus (exports vs domestic, project types) are evaluated against these guiding principles.

• Financial discipline: pursuing margin recovery while investing in technology that shortens lead times.
• Selective growth: prioritizing higher-margin engineered products over commoditized offerings.
• Partner ecosystem: developing supplier quality programs and strategic alliances for joint product development.

For deeper investor-focused context and who is buying the stock, see: Exploring Jiangyin Hengrun Heavy Industries Co., Ltd Investor Profile: Who's Buying and Why?

Jiangyin Hengrun Heavy Industries Co., Ltd (603985.SS) - Mission Statement

• Deliver advanced intelligent industrial solutions leveraging AI, automation, and digital twins to improve customer OEE (overall equipment effectiveness) by double digits.
• Embed sustainability across product design and operations to reduce lifecycle carbon intensity and material waste.
• Expand global footprint through targeted export growth, strategic partnerships, and localized service networks.
• Maintain financial discipline to support R&D investment, returning value to shareholders while funding green transformation.

• Technology: Expand AI-enabled product lines (predictive maintenance, process optimization), invest in edge-compute and IIoT platforms.
• Manufacturing: Upgrade smart factories with automation to shorten lead times and improve yield.
• Partnerships: Form alliances with global system integrators and local distributors to accelerate market access.
• Talent: Recruit specialists in controls, data science, and sustainability engineering; target retention rates above industry average.
• Capital allocation: Prioritize capex for digitalization and green upgrades while preserving a dividend policy aligned with cash flow.

• Product-level: Design for recyclability, energy efficiency gains (targeting double-digit operational energy savings for customers through smarter systems).
• Operations: Implement energy management systems and source renewable electricity where feasible.
• Disclosure: Enhance ESG reporting cadence and align metrics with TCFD/CSRD-style frameworks to meet investor expectations.

Jiangyin Hengrun Heavy Industries Co., Ltd (603985.SS) - Vision Statement

• Future-oriented: proactive scenario planning, investment in R&D and digitalization to anticipate industry shifts.
• Change and innovation: continuous process optimization, adoption of new materials and manufacturing techniques, and emphasis on product lifecycle improvement.
• Open and collaborative: cross-functional teamwork, strategic partnerships with suppliers and research institutes, and customer co-development models.
• Pursuit of excellence: strict quality management systems, certification adherence, and customer service benchmarks to drive superior performance.

• Accelerate R&D and product development to increase high-margin engineered product mix.
• Raise operational efficiency through lean manufacturing, automation, and digital factory initiatives.
• Expand domestic and overseas channels to diversify revenue streams and reduce market concentration risk.
• Strengthen sustainability practices to reduce energy intensity and improve ESG reporting transparency.

• Capital allocation discipline: prioritize projects with clear IRR, shorter payback, and strategic fit.
• Risk management: scenario-based planning for commodity, FX, and supply-chain shocks.
• Performance-linked management incentives tied to innovation milestones, margin improvement, and safety/ESG KPIs.