Zhejiang Jindun Fans Co., Ltd (300411.SZ) Bundle
From its founding in 2005 to its Shenzhen Stock Exchange listing in December 2014 under code 300411, Zhejiang Jindun Fans Co., Ltd. has grown into a specialist in high-end ventilation for subways, tunnels and nuclear projects, having completed over 300 metro and tunnel projects by 2024 and earning recognition as a national-level "Little Giant"; backed by a registered capital of 400 million RMB and total assets exceeding 1 billion RMB, the company - which reported revenue of 522.22 million RMB in 2024 (up 7.52% year-on-year) and maintains a debt-to-equity ratio of 0.5 - combines R&D strength (over 30 patents, contributions to 14 national/industry standards and a 2024 collaboration with Tsinghua University on a flying car ducted fan) with substantial production and sales capabilities (production capacity >10 million units annually, an export footprint in over 15 countries, a distributor network of 200+, and an estimated ~20% share of China's industrial ventilation market in 2023) while operating manufacturing plants, advanced digital/AI-driven "Digital Fan" technology, and a multi-tier workforce (ownership-reported staff of ~387 and operational workforce figures around 1,500) to serve high-end infrastructure and specialized sectors
Zhejiang Jindun Fans Co., Ltd (300411.SZ): Intro
Zhejiang Jindun Fans Co., Ltd (300411.SZ) is a Chinese manufacturer specializing in high-end ventilation systems for metros, road tunnels, rail tunnels and nuclear power installations. The company has built a reputation for engineered axial and mixed-flow fans, integrated ventilation control systems, and turnkey project delivery for complex underground and safety-critical environments.- Founded: 2005
- Stock listing: Shenzhen Stock Exchange, Dec 2014 - ticker 300411
- Projects completed: >300 metro and tunnel projects by 2024
- National recognition: designated a national-level 'Little Giant' enterprise
- R&D collaborations: 2024 partnership with Tsinghua University on a flying-car ducted fan demonstrator
- Operational status: market leader in advanced ventilation solutions as of late 2025
- Core products: large axial fans, mixed-flow fans, tunnel jet fans, nuclear safety fans, and ventilation control units
- Project types: urban metro systems, highway/rail tunnels, industrial ventilation, and nuclear facility ventilation
- Revenue model: product sales (fans, controllers), EPC/turnkey project contracts, aftermarket services and maintenance, R&D & licensing
| Year | Milestone | Detail / Metric |
|---|---|---|
| 2005 | Company founded | Established to focus on high-end ventilation for tunnels and specialized sectors |
| 2014 (Dec) | Listed on Shenzhen Stock Exchange | Stock code: 300411 |
| 2024 | Project portfolio | Completed over 300 metro and tunnel projects |
| 2024 | R&D collaboration | Joint flying-car ducted fan project with Tsinghua University |
| 2024-2025 | Recognition & leadership | National-level 'Little Giant' status; leading supplier across civil and nuclear markets |
- Direct product sales: manufacturing and selling fans and ventilation components for OEM and project customers
- Project contracts (EPC/turnkey): design-supply-install contracts for metros, tunnels and industrial facilities-typically multi-year, higher-margin engagements
- After-sales & maintenance: long-term service contracts, spare parts, retrofit and performance upgrades
- Specialized R&D and licensing: custom aerodynamic solutions (e.g., ducted fans for eVTOL/flying cars), technology transfer and collaborative development agreements
- Publicly traded entity: listed company with free float and institutional/state shareholders typical of Shenzhen-listed manufacturing firms (ticker 300411.SZ)
- Management focus: engineering-led leadership with emphasis on product certification, safety standards for nuclear projects, and export-ready product lines
- Advanced R&D: investment in aerodynamic modeling, acoustic reduction, and digital ventilation control systems
- Sector diversification: sustaining metro/tunnel business while expanding into aerospace-adjacent ducted-fan applications
- Market positioning: leveraging 'Little Giant' status to win critical infrastructure contracts and standards-based approvals for nuclear applications
Zhejiang Jindun Fans Co., Ltd (300411.SZ): History
Zhejiang Jindun Fans Co., Ltd (300411.SZ) was established as a specialized manufacturer of industrial and commercial ventilation equipment and has grown through organic expansion and targeted acquisitions. Key corporate facts reflect its scale and financial footing:- Public listing: Shenzhen Stock Exchange, stock code 300411.
- Registered capital: 400 million RMB.
- Total assets: >1 billion RMB.
- Employees: ~387 (engineers, technicians, assembly-line staff).
- Debt-to-equity ratio: 0.5 (indicative of moderate leverage).
- 2017: Acquisition of Jiangyin Zhongqiang Technology Co., Ltd.
- Post-acquisition focus: R&D, motor efficiency, noise reduction, customized industrial solutions.
- Workforce composition: Mix of R&D engineers, field service technicians, quality control, and production personnel.
| Metric | Value |
|---|---|
| Stock code | 300411.SZ |
| Registered capital | 400 million RMB |
| Total assets | >1 billion RMB |
| Employees | ≈387 |
| Debt-to-equity ratio | 0.5 |
| Notable acquisition | Jiangyin Zhongqiang Technology Co., Ltd. (2017) |
Zhejiang Jindun Fans Co., Ltd (300411.SZ): Ownership Structure
Zhejiang Jindun Fans Co., Ltd (300411.SZ) positions itself as a technology-driven manufacturer of industrial and commercial ventilation equipment, with a clear mission toward energy efficiency, environmental sustainability and intelligent products.- Mission and Values: Committed to providing innovative ventilation solutions that prioritize energy efficiency and low-carbon operation.
- Strategic Goal: Become a global leader in fan manufacturing through advanced technology adoption and continuous operational improvement.
- Technology Focus: Pioneer of AI-driven 'Digital Fan' technology integrating sensors, edge computing and predictive controls.
- Sustainability Commitment: 'Intelligent, Green, and Low-Carbon' development guiding product design, production and after-sales services.
- Standards & Recognition: Contributor to 14 national and industry standards and recipient of multiple scientific & technological awards.
- Listed entity: Shenzhen Stock Exchange, ticker 300411.SZ.
- Typical structure: combination of institutional shareholders, company founders/management holdings, and public float for retail investors.
- Governance emphasis: R&D-led board decisions with technology and sustainability priorities embedded in strategic plans.
| Metric | Value / Notes |
|---|---|
| Stock code | 300411.SZ |
| Standards contributed | 14 national & industry standards |
| Patents & IP | Over 200 patents (design, utility, invention) |
| Global reach | Products exported to 50+ countries and regions |
| R&D investment | Typically >5% of annual revenue (company-stated strategic target) |
| Employees | Several hundred to low thousands (R&D and manufacturing workforce) |
| Technology offering | AI-driven Digital Fan platform, IoT-enabled fans, energy-saving solutions |
- Product sales: Core income from sale of axial, centrifugal and special-purpose industrial fans and ventilation systems.
- Project & EPC contracts: Turnkey ventilation projects for industrial plants, tunnels, HVAC systems and public infrastructure.
- After-sales & services: Maintenance contracts, spare parts, system upgrades and digital services (predictive maintenance subscriptions).
- Technology licensing & customization: Licensing AI/control algorithms, customized R&D projects for large clients.
- Export sales: Direct exports and distributor networks supplying international markets.
- R&D intensity and patent portfolio growth (driving product differentiation).
- Order backlog and project pipeline for large EPC contracts.
- Energy-efficiency performance of products (operating cost savings for customers).
- Contribution to standards and awards as a proxy for technological leadership.
Zhejiang Jindun Fans Co., Ltd (300411.SZ): Mission and Values
Zhejiang Jindun Fans Co., Ltd (300411.SZ) is a China-based industrial fan manufacturer focusing on high-performance ventilation solutions for infrastructure, industrial, and power-generation sectors. The company's mission centers on delivering reliable, energy-efficient airflow systems for critical environments while advancing low-carbon ventilation technology and ensuring long-term client safety and satisfaction.- Mission: Provide safe, efficient, and durable ventilation solutions for heavy-duty and safety-critical applications (subways, tunnels, nuclear projects).
- Values: Innovation, quality, safety, environmental responsibility, and customer-centric service.
- Strategic focus: R&D-driven product development, global distributor network expansion, and project-based engineering services.
- Manufacturing footprint: Multiple plants equipped with CNC machining centers, automated balancing lines, vacuum impregnation systems, and testing rigs for aerodynamic and acoustic performance.
- Workforce: Approximately 1,500 employees, including dedicated R&D engineers, service technicians, and production staff.
- Intellectual property: Over 30 patents covering blade geometry, motor-drive integration, noise reduction, and energy-saving control algorithms.
- Distributor network: Collaboration with over 200 distributors and agents worldwide for product availability and regional project support.
- Applications: Products are specified for high-end projects - subway ventilation, road and rail tunnels, nuclear power plant containment ventilation, and large industrial plants.
- Production capability: Total annual production capacity exceeding 10 million units across product lines (axial, centrifugal, mixed-flow, and special-purpose fans).
| Item | Detail |
|---|---|
| Number of plants | 4 major plants (main manufacturing & two specialized assembly/testing centers) |
| Total workforce | ~1,500 employees |
| Annual production capacity | >10,000,000 units |
| R&D patents | >30 patents |
| Global distributors | >200 partners |
| Key end markets | Subway, tunnel, nuclear, petrochemical, HVAC, industrial process |
- Direct product sales: Standard and custom fan units sold to OEMs, contractors, and distributors for infrastructure and industrial applications.
- Project engineering & contracting: Turnkey ventilation system design, supply, and installation for subway, tunnel, and power projects (long-term, higher-margin contracts).
- After-sales & maintenance: Spare parts, on-site servicing, balancing, retrofits, and performance upgrades for installed base.
- Export sales: International project deliveries and distributor shipments driving foreign-market revenue.
- Strong IP portfolio (30+ patents) enabling differentiated, energy-efficient fan designs.
- High production scale (10M+ units capacity) that supports competitive unit costs and quick fulfillment.
- Established presence in critical infrastructure projects (subway, tunnel, nuclear) enhancing referenceability and repeat business.
- Extensive global distributor network (200+ partners) for market reach and local support.
- Skilled technical workforce (~1,500) capable of supporting complex engineering and after-sales requirements.
Zhejiang Jindun Fans Co., Ltd (300411.SZ): How It Works
Zhejiang Jindun Fans generates revenue by designing, developing, manufacturing and selling industrial ventilation equipment for infrastructure, transportation and energy sectors. Core product lines - subway tunnel axial fans, tunnel jet fans and nuclear‑grade centrifugal fans - serve both domestic projects and international customers, with an emphasis on energy‑efficient designs that command higher demand and premium pricing.- Primary revenue sources: product sales (ventilation fans and systems), engineering & installation contracts, aftermarket services and spare parts, export sales, and customized OEM/EPC solutions.
- Key product categories: subway tunnel axial fans, tunnel jet fans, nuclear‑grade centrifugal fans, control systems and integrated ventilation solutions.
- Market & geographic reach: leading presence in China plus exports to 15+ countries.
| Metric | Value |
|---|---|
| 2024 Revenue | 522.22 million RMB (▲7.52% YoY) |
| China industrial ventilation market share (2023) | ≈20% |
| Export footprint | Products exported to over 15 countries |
| Main product lines | Subway tunnel axial fans; Tunnel jet fans; Nuclear‑grade centrifugal fans |
| Competitive advantage | Energy‑efficient designs, R&D capability, nuclear certification capability |
- Product sales - direct sales to infrastructure projects (metro, tunnels, power plants) and industrial buyers; bulk orders for large civil works drive major contracts.
- Project contracts - integrated ventilation systems including design, supply and installation (EPC), where margin includes equipment plus engineering fees.
- Aftermarket & services - installation supervision, preventive maintenance contracts, parts replacement and retrofits (recurring revenue and higher lifetime customer value).
- Export sales & international projects - overseas deliveries and project support that diversify currency exposure and scale production runs.
- R&D-led premium products - energy‑efficient and nuclear‑grade fans attract higher margins and regulatory‑driven demand.
- Order intake from public tenders, EPC partners and direct buyers → engineering & customization → manufacturing in Jindun's facilities → factory acceptance tests (FAT) → shipment & on‑site installation → final acceptance and invoicing → aftermarket/service contracts.
Zhejiang Jindun Fans Co., Ltd (300411.SZ): How It Makes Money
Zhejiang Jindun Fans monetizes its market-leading position in industrial ventilation through product sales, project contracts, after-sales services, and technology licensing. Revenue drivers are closely tied to large-scale industrial demand (mining, smelting, power, HVAC), export contracts, and premium R&D-enabled product lines such as intelligent and energy-efficient fans.- Core product sales: industrial axial, centrifugal and mixed-flow fans for heavy industry and infrastructure projects.
- Engineering and EPC contracts: bundled ventilation systems for mines, tunnels, and power plants.
- After-sales & maintenance services: long-term service agreements and spare parts supply.
- Technology products & licensing: AI-driven 'Digital Fan' solutions and control systems licensed to partners.
- Export sales: direct exports and distributor networks across foreign markets.
| Metric | Data / Note |
|---|---|
| Domestic market share (2023) | ~20% |
| Export footprint | Products exported to over 15 countries |
| National recognition | Designated a national-level 'Little Giant' enterprise |
| Strategic tech initiatives | AI-driven 'Digital Fan' technology; focus on Intelligent, Green, Low-Carbon |
| Notable collaboration (2024) | Partnership with Tsinghua University on flying car ducted fan project |
- Market position & future outlook: Holding an estimated 20% share in China's industrial ventilation market (2023) and exporting to 15+ countries gives Zhejiang Jindun Fans a strong base to scale globally.
- Innovation-driven margin expansion: Investments in AI-enabled control (Digital Fan) and low-carbon designs target higher-margin systems and recurring software/service revenue.
- Sustainability alignment: 'Intelligent, Green, and Low-Carbon' strategy positions the company to capture demand from carbon-constrained infrastructure and retrofit markets.
- Strategic partnerships: Collaborations like the 2024 Tsinghua flying-car ducted fan project signal diversification into aerospace-adjacent, high-growth segments.
Zhejiang Jindun Fans Co., Ltd (300411.SZ) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.