Suzhou Hesheng Special Material Co., Ltd. Class A
SSZSE:00229051.25
CNY
+2.26
(+4.61%)
ISIN
CNE100000FR8
Return %
Stock
S&P 500
1Y
19.19
13.14
3Y
368.46
80.78
5Y
523.48
67.74
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
CNY
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in mil. unless spec.Quarterly Earnings Per Share
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CNY
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in mil. unless spec.Company Description
- CEO
- Hong Bin Guo
- Full Time Employees
- 937
- Sector
- Non-energy minerals
- Industry
- Steel
- Address
- Room 2410, Building 1 Suzhou JS China 215000
- IPO Date
- Aug 24, 2009
- Website
- rcsz.hrss.suzhou.com.cn
- Similar Companies
- Business
- Suzhou Hesheng Special Material Co., Ltd. engages in the research, development, production, and sale of composite materials primarily for home appliance surface components. The company’s core products include pre-coated metal (PCM) sheets and vinyl coated metal (VCM) sheets, which serve as skin plate materials, side and back plate materials for appliances such as refrigerators, washing machines, freezers, microwave ovens, electric water heaters, and air conditioners. It also produces color steel sheets and coils used in various applications including home appliances, construction, transportation, and industrial equipment. Suzhou Hesheng’s products are distributed in domestic and international markets and the company supplies leading appliance manufacturers in China and overseas. Founded in 2002 and headquartered in Suzhou, China, Suzhou Hesheng operates primarily in the home appliance composite materials segment and also maintains an investment and commercial factoring business. The company is recognized as one of the largest pre-painted steel manufacturers specializing in the home appliances sector and collaborates with major steel suppliers such as POSCO and Thyssenkrupp to ensure product quality and competitiveness. Recent major developments include a planned change in controlling shareholders involving the sale of about an 18% stake valued at approximately 1.5 billion yuan, signaling potential shifts in ownership structure. Meanwhile, the company reported a strong financial performance in Q1 2025, marked by a 14.21% year-over-year revenue increase to 627 million yuan and an 82.72% rise in net income attributable to shareholders, reflecting enhanced profitability and operational efficiency. The company continues to focus on expanding its product offerings and strengthening strategic partnerships within the home appliance manufacturing industry. Suzhou Hesheng's geographic operations cover China extensively with increasing export sales, highlighting its presence in global markets. The company serves diverse customer bases including domestic and international household appliance brands, emphasizing innovation in composite materials to meet evolving appliance design and durability standards. The operational focus remains on maintaining leadership in PCM and VCM for appliance panels while exploring opportunities in adjacent sectors through its subsidiaries. Overall, Suzhou Hesheng Special Material Co., Ltd. stands as a leading material supplier in the home appliance industry, leveraging advanced materials technology, strategic supplier alliances, and ongoing operational expansion to sustain growth in both domestic and export markets. It remains headquartered in Suzhou, China, continuing to develop composite materials that support various high-demand applications in appliances and other industries.