Haitian International Holdings Limited last night released its interim results for the year ended June 30, 2018.
The data show that in the first half of 2018, global economic growth slowed, China's domestic ' deleveraging ' tightening policy, Haitian international still has a record high first-half income.
Income to record new highs, year-on-year growth16.7%
As of June 30, 2018, Sea-day international revenue reached 5.8774 billion yuan, an increase of 16.7%.
Key financial data are as follows (currency unit: RMB):
Income: 5.8774 billion yuan, an increase of 16.7%
Gross margin: 1.8243 billion yuan, an increase of 3.1% per cent
Operating profit: 1.3628 billion yuan, an increase of 17.4%
Year-on-year growth in domestic sales in China 18.0%, US market sales fall slightly
Among them, domestic and export sales year-on-year growth of 18% and 13.5% respectively, the specific data is as follows (currency unit: RMB):
Domestic sales: 4.1785 billion yuan, an increase of 18%
Export sales: 1.5802 billion yuan, an increase of 13.5%
Components: 118.7 million yuan, an increase of 14.1%
Haitian international said that overseas markets, due to the impact of trade war with the United States, the United States market sales slightly lower, but Haitian international in Germany, India, Turkey and other overseas investment layout, promote different market sales increase.
Juipter Second machine increases fastest, up to32.6%
Product line Division, juipter Second machine growth, sales year-on-year growth 32.6%, Mars series (energy-saving injection molding machine) is still the explosion of products, its sales accounted for the total sales of 66.5%, an increase of 10.9%.
The specific data are as follows:
Mars Series energy-Saving injection molding machine: 3.9102 billion yuan, an increase of 10.9%;
Long Fei Ya electric series Injection molding machine: 680.5 million yuan, an increase of 30.6%
Juipter Series (Second injection molding machine) 835.2 million yuan, an increase of 32.6%
Other series: 332.8 million yuan, an increase of 30.4%
Components: 118.7 million yuan, an increase of 14.1%
Haitian International said that its second generation plus series of machine performance and servo-saving technology are good, well received by the market.
Haitian International's main products Mars Series injection molding machine from the first half of 2017 's 3.5268 billion yuan growth to 2018 first half of the 3.9102 billion yuan, growth of 10.9%. At the same time, according to the company's small tonnage injection molding machine and large tonnage injection molding machine second business development strategy, the company's Long FEI Asia Series Injection molding machine and second injection molding machine, respectively accounted for small tonnage injection molding machine and medium to large tonnage injection molding machine total sales of 11.6% and 14.2%,
In the first half of 2018 sales amounted to 680.5 million yuan and 835.2 million yuan, and continued to maintain rapid growth, sales compared with the same period last year, respectively, increased by 30.6% and 32.6%.
Remain cautious about China and the second half of the world economy
Looking forward to the second half, the U.S. economy continues to grow better, supporting the Fed to continue to raise interest rates, the dollar index is likely to continue to be in the rising channel stage, emerging market currencies will continue to depreciate, is expected to exacerbate the economic turmoil in emerging markets. Moreover, China and the United States just launched a trade war in the short term, it is difficult to ease, and risk from small scale into a full-scale outbreak. The euro zone's economy is at risk of a continuing slowdown in the shadow of a trade war, although the EU's 0 industrial tariff agreement with the EU's trans-Atlantic WTO reform Task Force has given the eurozone a chance to ease trade disputes, but in the long run it still faces severe political risks from its different members.
Therefore, the second half of the year, because of the global trade conflict caused by protectionism will be the impact of global economic and domestic economic growth is an uncertain factor.
Sino-US trade disputes add uncertainties to the macroeconomic and industry outlook, China's production of injection molding machine in July 2018 began to be included in the United States to levy additional tariffs, although the Haitian international will take different measures to reduce the impact of additional tariffs, but the United States market sales are inevitably affected by the foregoing factors. During the middle of the year, the Politburo's economic working conference and the Executive committee meeting of the State Council clearly put forward a series of policy measures, including more active fiscal policy, tight and moderate monetary policy, and guide financial institutions to support the problem of financing of small micro enterprises and real enterprises.
These intensive policy measures show that the uncertainty of China's domestic economic growth in the second half of the year has aroused the central government's concern and is expected to have more positive measures in the late 2018. Globally, emerging market economies are in turmoil, and the risk of protectionist strategies and geopolitical conflicts still affects the global economy.
Haitian International maintains a cautious attitude towards China's and global economic prospects in the second half of 2018.
Diversification strategies for different markets across the globe
In such a complex global economic situation, Haitian international will continue to be based on communication, innovation, efficiency of the three major strategies for different markets in the world to adopt a diversification strategy.
Increase overseas Investment In the first half of 2018, the initial plant in India and the new Turkish plant completed successively, the future Haitian international will continue to increase overseas investment, will be in India, Mexico and Russia to create additional production bases.
Haitian international will continue to accelerate the layout of global business by expanding its overseas production base, adding overseas service centers and strengthening the pre-sales service network.
Stick to research and innovation, launch new machines by the end of this year
At the same time, Haitian international adhere to research and development innovation, in the technical aspects of a comprehensive upgrade of the third generation of injection molding machine and focus on high-end market different applications of high-speed injection molding machine will be gradually to market by the end of 2018.
Promoting digital transformation Haitian International has been actively promoting the digital transformation, this October will complete the SAP management system upgrades.
Digital transformation let Haitian in each business link accumulated a large number of data for enterprises to provide decision-making basis and guidelines for the ' 8+16 ' automatic production management model of the implementation of the Foundation.
Haitian International in addition to accelerating internal reform, but also in the first half of the acquisition of the main injection molding machine controller of the group's joint venture Hangzhou Branch strong Intelligent Control System Co., Ltd., enhanced the company's core technology in the injection molding machine competitiveness. Haitian international first half income innovation high