Zhejiang's outstanding performance is rising
Recently, Zhejiang issued a half year report. In the first half of 2016, the company reached an operating income of 316 million 626 thousand and 500, a 40.47% increase over the same period. The overseas income was 184 million 650 thousand, the year-on-year increase of 56%, the domestic income of 125 million 560 thousand, the year-on-year increase of 21%. The total profit of the company was 97 million 969 thousand, with a year-on-year increase of 35.23%. The net profit attributable to the shareholders of the listed companies was 84 million 216 thousand and 300, with a year-on-year increase of 35.90%.
The annual report shows that the company's annual revenue and profit growth is slightly higher than expected, mainly from the sustained growth of the industry and the rapid growth of the company's product volume, mass production capacity and quality improvement. It is worth noting that the foreign sales revenue of the company has increased by 55.7% over the same period, and it is also a good result of both domestic and foreign development after Magni's participation in the company. At the same time, the company intends to invest 3200 high-altitude operation platform projects, mainly the production arm products, is an important step to improve the product line after the company's participation in Magni technology. The project construction period of 2 and a half years earlier, intends to use its own funds, the entire project is expected to reach capacity in 2018, according to the 400 thousand / Taiwan calculation of annual output of about 1 billion 280 million. At present, the gross interest rate of the company's arm product is about 17%, and it is expected to be greatly improved in the future with the mass production scale effect.
According to the understanding, the development of China's high altitude operation market has received more and more attention. From the perspective of the domestic market, the current domestic aerial work platform to maintain about 30 thousand, and the United States and Europe frequently hundreds of thousands of units of a huge gap compared with the future of the economy, and further highlights the safety specification to enhance the industry will be rapid development, and the company currently scissor products accounted for the domestic market hit rate of more than 40%, will focus on benefit. The future arm type product volume will bring new growth points.
For Zhejiang, non - public issuance of 1 billion 100 million funds will help to break through capacity bottlenecks. It is reported that 976 million 900 thousand yuan of funds raised for large-scale intelligent high altitude operation platform construction project. The project plan starts in Deqing, Zhejiang, with a construction period of 30 months. After completion, it will effectively enhance the company's production capacity, optimize the company's product mix, step by step to meet customer's market demand, and consolidate and enhance the company's dominant position in the industry.
At present, the domestic aerial work platform is still in the initial stage, and the market is low. Compared with the market share in the US, it has reached 520 thousand units. The domestic market will grow 15 to 20 times. Zhejiang is the sole target of the listed companies in the aerial platform. The market share of the products can reach 40%, which will benefit from the rapid growth of the industry. At the same time, the company acquired Magni20% shares in 2016, and set up the European R & D center together, to a certain extent, to speed up the globalization of our products and improve the brand's international status.
