Focusing on growth

Saurer is committed to generating long-term value for our shareholders by focusing on the disciplined execution of our strategy. We aim to achieve continuous growth and stable margins throughout the cycle. We will continuously monitor and update corporate governance and disclosure policies. With the establishment of good corporate governance and the appropriate internal control mechanisms, the company effectively protects its shareholders' rights, their interests, and concentrates on increasing the company value.

Corporate governance

Saurer has an organisational structure that outlines the responsibilities and obligations of the general meeting of shareholders, the board of directors, the supervisory board and the management team in accordance with the requirements of relevant laws and regulations such as the Chinese Companies Acts and Securities Law. They form a system of checks and balances which enable the company to continuously improve the level of corporate governance.

Members

Members of the Board

Supervisory Board

Group Executive Management

Members of the Board Supervisory Board Group Executive Management

Xueping Pan

 Chairman of the Board of Directors

• Chinese citizen
• Bachelor's degree in Mechanical Engineering
• EMBA, China Europe International Business School
• Senior economist
• Chairman and CEO of Jinsheng Group
• Chairman the Strategy Committee and member of the Remuneration Committee and Nomination Committee
• Executive director of Saurer Intelligent Machinery Co., Ltd
• Prior positions include: Vice chairman of several organisations including: China Textile Machinery and Equipment Association, China Textile Engineering Society, China Textile Industry Enterprise Management Association (China Textile Entrepreneurs Federation), Changzhou Industry and Trade Association
• Before setting up Jinsheng, he was factory director of Steel Manufacturing Co., Ltd and Pacific Group's Shanghai Textile Machinery Plant, director of Jintan Textile Machinery and Jintan Huajin Machinery
• Extensive corporate governance and strategy development experience

Stefan Kross

Vice Chairman

• German citizen
• Degree in Mechanical Engineering (Dipl.-Ing.), RWTH Aachen University, Germany
• Former member of the Executive Committee of Oerlikon, CEO of Oerlikon Manmade Fiber, CEO of Oerlikon Barmag, CTO of Saurer Textile Solution in Saurer GmbH & Co. KG, Prior positions include: Former member of the Board Schlafhorst AG
• Previously held the position of Chief Operating Officer of Volkmann GmbH & Co. KG.

Carsten Voigtländer

Vice Chairman

• German citizen
• Degree in Mechanical Engineering/Process Technology and Doctoral Degree in Process Engineering, Technical University of Braunschweig, Germany
• Previous positions include: Board chairman, CEO, CTO and research associate in Vaillant Group, Oerlikon Textile, Neumag GmbH and the Technical University of Braunschweig’s Institute for Thermodynamics 
• Extensive experience in leading well-known enterprises, particularly in strategy and operation

Clement Woon 

Director

• Singaporean citizen
• Master's degree in Industrial Engineering, National University of Singapore
• MBA in Management of Technology, Nanyang Technological University, Singapore
• Member of the Strategy Committee
• Extensive experience in multinational and multi-industry work
• Prior positions include: Former CEO of Saurer, former CEO of Oerlikon textile segment, president & CEO of SATS, and president of Leica Geosystems AG

Yuan Ding 

Director

• French citizen
• PhD in Management and Philosophy, Montesquieu University, France
• Vice president and dean, Cathay Capital Chair Professor of Accounting at China Europe International Business School
• Member of the Audit Committee of Saurer
• Independent non-executive director and chairman of Audit Committee of Red Star Macalline
• Independent non-executive director, chairman of Audit Committee, member of Nomination Committee and Strategy Committee of Landsea Real Estate 
• Independent non-executive director, chairman of the Remuneration Committee and member of Nomination Committee and Audit Committee of Man Wah Holdings Ltd
• Director of Jaccar Holdings
• Prior positions include: Tenured faculty member of HEC School of Management, France; independent director and chairman of Audit Committee of Anhui Gujing Distillery; independent director and chairman of Audit Committee of TCL group; director and chairman of Audit Committee of MagIndustries Corp. 
• Over 20 years of experience in teaching and researching in financial accounting, financial statement analysis, corporate governance and mergers & acquisitions

Arthur Yeung

Director

• Hong Kong resident
• Bachelor's and Master's degrees in Social Science, University of Hong Kong, and PhD of Human Resources Management, University of Michigan, USA
• Member of the Renumeration Committee and Nomination Committee of Saurer
• Senior management consultant of Tencent Group; dean of QingTeng University; president of Y-Triangle Organization Learning Oasis 
• Independent non-executive director of SITC International Holdings and Country Garden Holdings 
• Assistant professor of management at China Europe International Business School 
• Prior positions include: Chief human resource officer of Acer group and senior adviser to Alibaba, TZC, Mary Kay, ING Life Insurance, TCL-Thomson

Jieping Chen

Independent Director

• Hong Kong resident
• Master's degree in Hospitality Management, Master's degree and PhD in Business Administration, University of Houston, USA
• Convenor of the Audit Committee, member of the Renumeration Committee and Nomination Committee of Saurer
• Professor in accounting at China European Business School (CEIBS), was vice dean of CEIBS from 2009 to 2016, and served as dean of EMBA programme 
• Prior to joining CEIBS, he was a tenured faculty member and head of the Department of Accountancy at City University of Hong Kong, where he served for 13 years 
• Independent non-executive director of several companies: Shenzhen Worldunion Properties Consultancy Inc., Jinmao (China) Hotel Investment Management Co., HJ Capital (International) Holdings Company Limited., Shanghai La Chapelle, Apparel Co., Ltd

Shutian Wang

Independent Director

• Chinese citizen
• Bachelor's degree in Industry Economics Management, Renmin University of China
• Independent Director of Saurer
• Honorary president of China Textile Machinery Association
• Prior positions include: President of China Textile Machinery Association, vice-chairman and secretary general of China Textile Machinery Industry Association, director of the Technical Equipment Department of China National Textile Council, among others
• Extensive knowledge of the textile industry

Dominique Turpin

Independent Director

• French and Swiss citizen
• Master's degree in Marketing, École Supérieure des Sciences Commerciales d’Angers, France, and Ph.D. of Economics, University of Sophia, Japan
• Member of the Renumeration Committee and Nomination Committee of Saurer 
• Professor at Lausanne International Management Development Institute; part-time member of the Advisory Committee of Waseda Business School (Japan); Académie Internationale des Sciences et Techniques du Sport (AISTS – Switzerland); Switzerland Lausanne Art Institute; École hôtelière de Lausanne and editorial consultant of Singapore Management Review 
• Prior positions include: Assistant professor and director of Lausanne International Management Development Institute
• Extensive experience in brand management, marketing and strategic development

Manlin Xie

Independent Director

• Chinese citizen
• Bachelor's degree in Law, Southwest University of Political Science & Law, USA, and Master's degree in Law, University of Nanjing, China
• Member of the Audit Committee, convenor of the Remuneration Committee and Nomination Committee of Saurer
• Director of Jiangsu Xie Manlin Law Firm
• Independent director of Jiangsu NandaSoft Technology Co., Ltd., Nanjing Putian, Telecommunications Co., Ltd
• Legal adviser to the People's Government of Jiangsu Province and People's Government of Nanjing City
• Supervisor of the Nanjing Counsel Association 
• Prior positions include: Attorney at Nanjing Second Law Firm, attorney at Nanjing Jinling Law Firm, independent director of Nanjing Bank

Jesse Guan

Director

• Chinese citizen
• Bachelor of Science in Thermal Engineering, Tianjin University, China
• Master of Science in Thermal Engineering, Tianjin University, China
• EMBA, China Europe International Business School
• Researcher at the University of Manchester Institute of Science and Technology (UK)
• Member of the Strategy Committee and COO of Saurer
• Previously served in numerous well-known international enterprises, including Ingersoll Rand, TI Automotive, P&G, served as managing director of Ingersoll Rand Fuxing Holdings, operations director of Ingersoll Rand Industrial Technologies and Security Technologies, Asia Pacific; vice president of China Operations of TI Automotive
• Extensive experience as manager in multinational companies

Yueping Zhang

Chairman of the Supervisory Board

• Chinese citizen
• Bachelor's degree in Mechanical Design and Automation
• EMBA, China Europe International Business School
• Senior engineer
• Co-CEO and president of Jinsheng Group
• Served as vice president and deputy general manager of Jinsheng Group
• Prior positions include: Executive vice president of Saurer (Jintan) Co., Ltd; technical director and deputy managing director of Jintan Textile Machinery Plant
• Previously worked in the development departement at Changchai Group's Jintan diesel engine factory, engaged in process and special process equipment design, plant technical transformation and technical management work

Hao Jin

Supervisor

• Chinese citizen
• Bachelor's degree in Law, Peking University, China, and Master's degree in Law, Fudan University, China and University of Pennsylvania, USA
• Also earned qualifications as a lawyer in New York, USA
• Joined Jinsheng Group in March 2013
• Vice president and chief legal officer of Jinsheng Group
• Previously worked for a number of well-known Chinese and international law firms
• Extensive experience in legal practice in China and abroad

Guoqing Pei

Supervisor

• Chinese citizen
• Bachelor's degree in Computer Science and Technology
• Master's degree in Business Administration, China Europe International Business School
• Senior engineer
• Deputy general manager of Saurer (Changzhou) Textile Machinery Co., Ltd
• Previously  worked for Jiangsu Jintan Textile Machinery Plant and Jinsheng Group

Xueping Pan

CEO

• Chinese citizen
• Bachelor's degree in Mechanical Engineering
• EMBA, China Europe International Business School
• Senior economist
• Chairman and CEO of Jinsheng Group
• Chairman the Strategy Committee and member of the Remuneration Committee and Nomination Committee
• Executive director of Saurer Intelligent Machinery Co., Ltd
• Prior positions include: Vice chairman of several organisations including: China Textile Machinery and Equipment Association, China Textile Engineering Society, China Textile Industry Enterprise Management Association (China Textile Entrepreneurs Federation), Changzhou Industry and Trade Association
• Before setting up Jinsheng, he was factory director of Steel Manufacturing Co., Ltd and Pacific Group's Shanghai Textile Machinery Plant, director of Jintan Textile Machinery and Jintan Huajin Machinery
• Extensive corporate governance and strategy development experience

Jenny Lu

CFO 

• Chinese citizen
• Born 1973
• Bachelor's degree in Economics, Fudan University, China 
• EMBA, China Europe International Business School
• Member of Chinese CPA Association
• Previous positions include: Vice president, CFO of Overseas Business at Jingsheng Group, director, senior manager and auditor in the M&A consultant department of PricewaterhouseCoopers (PwC) in China and the US
• 20 years' experience in investment, M&A and financial management

Oliver Dong

CHRO

• Chinese citizen
• Born 1974
• Bachelor’s degree in English, Zhejiang University, China
• Master’s degree in Comparative Literature, Zhejiang University, China
• EMBA, China Europe International Business School
• AMP Diploma in IMD, Switzerland
• Joined Jiangsu Jinsheng Industry Company Ltd. in 2015 as Vice President, responsible for Human Resources
• Previously served as HR Director at Hengdian Holdings Co., Ltd. and CHRO at Supor Co., Ltd.
• Rich knowledge and experience in human resources management

Peter Trinkl

CSO

• Swiss and German citizen
• Born 1962
• Master's degree in Electrical Engineering, Technical University of Munich
• Previous positions include: CTO, Siemens Acccess Networks AG, Germany; CSO, Cablecom AG, Switzerland; Chief Development Officer at Orange Communications S.A., Switzerland; CSO, Swisscom (Schweiz) AG, Switzerland; Partner M&A Firm, Switzerland
• Proven track record in corporate development, M&A, restructuring, marketing and operations

Anton Kehl

CTO & CEO Spinning Solutions

• Swiss citizen
• Born 1965
• Chief Technology Officer & segment CEO of Saurer Spinning Solutions
• Diploma in Electronic Engineering, University of Applied Science, Buchs, Switzerland
• Postgraduate studies in Software Engineering, ETH Zurich
• Postgraduate studies in International Management, University Liechtenstein
• MBA, University of Gloucestershire, UK
• Previously held the position of  President of the Construction Division at Leica Geosystems AG, Switzerland
• Extensive international experience (in particular: USA)

Marcus Rennekamp

COO

• German citizen
• Born 1983
• Diploma (Dipl.-Ing) in Production Engineering, RWTH Aachen University, Germany
• PhD in Engineering (Dr.-Ing.) from the Laboratory of Machine Tools and Production Engineering (WZL), RWTH Aachen University, Germany
• Extensive experience as management consultant for standardisation, modularisation and complexity management for clients in various industries in Europe, Asia and the USA
• Previously served in local and multi-site operations management positions in well-known international enterprises: plant operations Manager for Gildemeister Italiana (DMG MORI Group) in Italy and global operations director for KTR Systems with responsibility for sites in Germany, China, India, Poland, Brazil and the USA
• Senior Vice President Supply Chain for Saurer Spinning Solutions

Wolfgang Leupers

CEO Saurer Technologies

• German citizen
• Born 1951
• Diploma in Mechanical Engineering, University FH Aachen, Germany
• Previously the Head of Volkmann Product Line and Manager of Fulfillment for Volkmann and Allma at Oerlikon Saurer, Zweigniederlassung der Oerlikon GmbH & Co KG formerly Volkmann, Zweigniederlassung der Saurer GmbH & Co KG
• Prior to this, he held the position of Executive Vice President, responsible for Volkmann, Allma and Saurer Suzhou at Volkmann, branch office of Saurer GmbH & Co KG, formerly Volkmann GmbH & Co KG
• Before this, he held successive roles at Volkmann GmbH & Co. KG, culminating in the role of Managing Director Technology 40 years of experience in R&D, production & logistics as well as in quality assurance in textile machinery construction, supplemented by product management
• Extensive interdisciplinary expertise

Adam Xin

Chief Risk Officer

• Chinese citizen
• Born 1980
• Bachelor’s degree in Computer Science and Technology from Shanghai Jiaotong University
• Previous positions include: Audit Director for Jinsheng Group, senior manager in the risk management and internal control services of PricewaterhouseCoopers (PwC) in China
• Extensive experience in internal control management, internal audit, information system audit and risk management

Daniel Zeng

Secretary to the Board of Directors and Corporate Finance

• German citizen
• Born 1962
• Bachelor's degree from the Institute of Computer Science and Technology, University of Beijing, China
• Master's degree in Economics, University of Hannover, Germany
• Secretary of the Board of directors of the Saurer Intelligent Technology Co., Ltd
• Previously held the position of CFO of ZF (China) Investment Co., Ltd
• Extensive experience in international financial management

Key figures

Saurer Intelligent Technology Co. Ltd

in EUR  000	2015	2016	2017	2018	2019	Change YoY
Revenue	957 227	867 531	1 141 874	1 180 438	1 111 166	-5.9%
Profit before tax	64 283	91 566	130 574	146 702	118 033	-19.5%
Net profit	55 019	68 688	98 223	109 719	102 387	-6.7%
Attributable to equity holders of the company	54 686	64 855	86 272	103 734	78 904	-23.9%
Total assets	1 328 540	1 809 991	1 862 498	1 837 028	1 691 212	-7.9%

 

Revenue by segment        in EUR  000	2015	2016	2017	2018	2019	Change YoY
Saurer Spinning Solutions	746 478	668 822	914 333	950 092	946 299	-0.4%
Saurer Technologies	214 209	201 817	237 157	240 251	171 958	-28.4%

 

Revenue by region              in EUR  000	2015	2016	2017	2018	2019	Change YoY
China	407 955	293 681	481 550	523 329	619 354	18.4%
India	129 062	136 757	127 588	118 597	80 795	-31.8%
Turkey	68 256	72 700	118 478	112 766	37 212	-67.0%
Asia (excl. China/India)	138 019	165 568	228 672	235 631	228 919	-2.8%
Americas	123 432	91 670	97 048	95 551	77 655	-18.7%
Europe/Africa/others (excl. Turkey)	90 503	107 155	88 537	94 564	67 230	-28.9%
Number of employees (FTE excl. temporaries) at Dec 31	4 242	4 044	4 296	4 695	4 797	2.2%
EUR vs RMB exchange rate (average for respective year)	6.9460	7.3228	7.6308	7.8113	7.7174

 

Show table

Financial information

Here you can browse through our financial reports for a detailed impression of Saurer's past performance.

卓郎2020年半年度报告 SSE

1.94 MB

Saurer Annual Report 2019 EN

3.86 MB

卓郎2019年年度报告 SSE

3.30 MB

卓郎2019年半年度报告 SSE

2.02 MB

Saurer Annual Report 2018 EN

6.59 MB

卓郎2018年年度报告 SSE

3.62 MB

卓郎2018年半年度报告 SSE

2.64 MB

Saurer Annual Report 2017 EN

1.56 MB

卓郎2017年年度报告 SSE

3.66 MB

Share information

• Number of shares issued: 1 895 412 995  
• Security code: 600545  
• Stock exchange: Shanghai Stock Exchange 

 

Here you can view the Saurer share price on the websites of the Shanghai Stock Exchange, Bloomberg and Reuters.

 

Announcements and downloads

This is a selection of our ad hoc announcements with full texts in English. Please note that these have been translated and that the Chinese-language versions of the ad hoc announcements are the binding versions. Should you wish to access the entire list, kindly visit the relevant page on the website of the Shanghai Stock Exchange.

600545 2021-07 Signing of Significant Contract EN

79.01 KB

Financial news

Saurer appoints Yiping Sheng as new CEO

06.04.2020

Sales revenue declines in the first half of 2019

27.08.2019

Saurer announces strong 2017 annual growth

23.04.2018

Contact us

We are keen to tell you more about our investment story. If you have any financial questions about our company, don't hesitate to get in touch with us.

Corporate Communications
Saurer Group
Textilstrasse 9
Arbon 9320
Switzerland

ir@saurer.com