According to the latest report by LK Technology Group, according to preliminary statistics, for the six months ended September 30, 2017 interim results, the dynamic group recorded a revenue of 1.898 billion Hong Kong dollars, an increase of 16.4%; shareholders should profit of 129 million Hong Kong dollars, An increase of 81.7% over the same period of last year.
The announcement shows that the increase in revenue was mainly due to the significant increase in sales revenue of the Group in the PRC market. During the period under review, LG Group recorded a revenue of HK $ 1.55 billion in the PRC market, an increase of 26.1% from the same period of last year.
Overseas markets, the European market, a larger adjustment, corporate investment demand continued to slow down. During the review period, the Group's overseas revenue of 349 million Hong Kong dollars, down 13.5% over the same period last year.
During the period under review, China's national economy remained at a reasonable range and maintained a steady growth with good stability. The stability and sustainability of economic growth have been enhanced.
According to data released by the National Bureau of Statistics of China, GDP grew 6.9% in the second quarter of 2017 and GDP grew 6.8% in the third quarter of 2009. China further raised its marginal propensity to consume and the demand for automobiles continued to increase, driving the growth of automobile Consumption continued to grow, with China's manufacturing sector as a whole showing a pattern of steady growth and increasing income.
LK Group endeavored to intensify its market operation, optimize its marketing system and consolidate its market dominance, of which injection molding machine business maintained its rapid growth and continued to lead the industry.
Die Casting Machine
During the period under review, the business revenue of Lijin Group's die-casting machine and interface equipment was HK $ 1,282 million, an increase of 11.3% over the same period of last year.
China's market revenue was HK $ 964 million, an increase of 25.3% over the same period of previous year. Business income continued its full recovery and hit a new high in recent years.
Revenue from overseas markets was HK $ 318 million, a decrease of 16.9% from the same period of last year. IDRA, a subsidiary of the Company, continued to adjust its demand in the European market and its demand declined. Its revenue declined during the period under review.
Injection molding machine
During the period under review, the revenue of injection molding machine business of Lijin Group was HK $ 553 million, an increase of 33.4% over the same period of last year. The demand for major aircraft types continued to pick up and the trend was strong.
CNC machining center
During the period under review, the operating income of the Group's CNC machining center was HK $ 63.29 million, which was largely unchanged from the previous year. LZ Group strove to reduce its operating costs, optimize liquidity and improve its management process.
Future outlook
After years of sustained demand contraction and inventory clearance in the machinery industry, the industry experienced a trend improvement in 2017 due to the recovery of demand and the improvement of the industry competition pattern on the one hand, but the overall gross profit margin of the PRC market is under pressure , Mainly due to upstream costs caused by up, in addition to the renminbi continued to strengthen this year, for some export-oriented enterprises also caused some suppression of gross profit margin, the machinery industry should be cautious for the future high growth.
In overseas markets, after experiencing a substantial increase in recent years, it is currently in a period of adjustment. Lijin Group will step up efforts to promote new products and strictly control costs.