Performance is in line with expectations, the pace of transformation and upgrading is accelerating continously
Yawei Co., Ltd. (002559) released its 2016 semi-annual report. The results were in line with expectations: the company achieved operating income of 530 million yuan in the first half of the year, up 9.7% year-on-year; net profit attributable to shareholders of listed companies was 4,658,900 yuan, down 14.38% year-on-year. Corporate profits declined slightly, with gross profit margin falling to 24.62% from 26.73% in the same period last year. In the current downturn of the machine tool industry as a whole, the company's vigorous development of laser equipment, automated complete production lines, industrial robots and other emerging business results are significant, the first half of the year was in line with expectations.
The rapid development of automated production lines and laser equipment: the company's machine tools and production lines for the first half of the year, the overall revenue was 507 million yuan, an increase of 7.86%. The company's development in the international market has achieved remarkable results, and the effective contract for international business has increased by 47% year-on-year. In the past two years, the automated production line business is in a rapid development stage. The company has now realized the expansion of all high-end CNC mainframe products to the automated complete production line. In the first half of the year, the aluminum sheet finishing automation production line achieved an order breakthrough. At present, the downstream demand for automated production lines is growing, supporting the company's performance to further improve. The laser industry represents the development direction of sheet metal equipment manufacturing industry. In the first half of the year, the company's CNC 2D laser cutting machine business orders increased by 120%. The acquisition of Chuangkeyuan in the past year has a strong competitive advantage in the field of CNC 3D laser cutting systems. This acquisition is conducive to expanding the scale of the company's laser industry and better exerting synergies such as market, procurement and technology.
In cooperation with Muse, the achievements in the field of robots are remarkable: the linear robot business of the company and the German Muse is