- Business
- China Ludao Technology Company Limited (2023.HK) is an investment holding company principally engaged in the research, development, manufacture and sale of aerosol products for household and auto care, air fresheners, personal care products and insecticides; wholesales of personal care products and production-related materials; and clean energy business involving collection and utilization of sewage source thermal energy. The company offers aerosol products across six major series including household care (such as cleaners and detergents), automobile care (such as carburetor cleaning agents, de-rust lubricants and tyre shine sprays), sanitary insecticidal products, personal care items (such as cosmetics, hair products and polish wax), air fresheners (solid and aerosol variants) and skin care; it sells under its own brands Green Island, Ludao, JIERJIA, EAGLEIN KING and GINVIK through distributors, wholesalers, retailers and e-commerce channels serving contract manufacturing services to overseas markets and original brand manufacturing in the PRC. Products are manufactured using 26 automatic aerosol production lines and GMP purification workshops with annual capacity of 200 million cans of aerosols and 30,000 tons of washing products at its facility in Taizhou, Zhejiang province; the company also provides consultancy services and operates through subsidiaries including Zhejiang Ludao Technology Co., Ltd. and Zhejiang Sinopharm Junyue Aerosol Co., Ltd. Founded in 2002 and headquartered at No. 5 Sanmen Industry Road, Sanmen Industrial Park, Taizhou, Zhejiang, PRC (with Cayman Islands incorporation), it conducts operations primarily in Mainland China, with exports to the United States, Japan, Chile and other international markets.
In the first half of 2025, the company reports revenue growth of 7.9% to RMB597 million driven by CMS business expansion of 11.8% through strengthened strategic customer partnerships, domestic market penetration and high value-added product development; OBM revenue rises 18.0% from optimized sales channels including e-commerce; while wholesale declines 6.7%, overall net profit increases 3.8% to RMB43.2 million with gross margin at 11.6%.
The company continues investments in R&D with a 2,300 square meter center employing 82 professionals and 31 patents, focusing on medical, edible aerosols and cosmetics via subsidiaries to broaden product lines and sales channels; it maintains supply chain enhancements, cost controls and production upgrades including RMB36.3 million in property, plant and equipment additions amid net current liabilities managed through banking facilities.