Wolong Electric motor business is stable, semi-annual net profit increased by 23. 1%
Wolong Electric released its semi-annual report of 2014 on Wednesday night, with operating income of about 33. 5% in the current period. 0. 5 billion yuan, an increase of 20.
46%, the net profit attributable to shareholders of listed companies is about 1. 4. 7 billion yuan, a year-on-year increase of 23. 10%.
In terms of motor business, during the reporting period, the Company accelerated the industrialization of key new products and increased the sales proportion of high value-added products, the sales performance of high-efficiency motors and variable frequency Motors increased by 53% and 144%year on year, brushless DC motors and large AC cabinet machines increased by 52% and 20%year on year, and new energy vehicle motors increased by 220% year on year;
The comprehensive gross profit margin of the company's motor business increased to 23. 34%, an increase of 0. 82%.
In terms of export business, the company achieved a year-on-year increase of 22%, with industrial motor exports up 32% and vibration motor exports up 46%.
In terms of railway business, with the increase of state investment in rail transit, the company's rail transit business has developed rapidly, the sales of railway traction transformer business has increased by 60%year-on-year, and the gross profit margin of products has increased by 13. 54%.
In terms of power supply business, after becoming the third largest supplier of mobile communication power for telecom operators last year, in the first half of this year, the bidding for 2V Class I and Class II communication power supplies for mobile operators accounted for 19. 5% respectively. 35% and 13. 89%.
During the reporting period, the company's power supply business achieved a year-on-year increase of 41.
87%, with the promotion of national 4G investment, the operation situation of the power supply industry will be further improved.
After the acquisition of ATB, Wolong Electric's domestic and foreign sales channels are complementary, and the motor performance has increased. It is expected that the motor sector will continue to expand steadily in the later period.
ATB is the third largest manufacturer of electrical products in Europe as famous as ABB and Siemens. Its main products are high-efficiency special motors, with a market share of more than 12% in Europe.
New energy vehicle motors are new demand, and Wolong Electric will be one of the industry leaders.
Because the main research and development body of new energy vehicles is domestic, most of them will use domestic drive motor products.
According to the plan, it is estimated that China will have 500 new energy vehicles by 2020, corresponding to a demand of 500-1000 yuan.
Wolong Electric is mainly engaged in motor and control device, battery, transformer, trade and other businesses. Its electric vehicle Motor currently has four models of products, mainly used for passenger cars and minibuses, and is one of the suppliers of BAIC.
Wolong Electric electric vehicle drive research and development has been completed, is currently in the testing phase, the future will gradually form a battery, motor, electric control of the electric vehicle core industry chain.
In addition, Wolong Electric has been qualified to start 78MW distributed power generation and has already started construction of several projects;
Haitong Securities expects its distributed generation to contribute revenue in succession from 2014.