YIZUMI Achieves Good Performance in 2016

2017-05-11

Abstract:

On April 24, Yizumi published the Annual Financial Report of 2016. In the past one year, the company has developed steadily as the operating income increased by 21.35% year on year to RMB 1.443,000,000, and the net profit attributable to shareholders increased by 50.50% over the previous year to RMB 109,000,000. With the improving performance and the implementation of the globalization, production and operation strategies, the company’s position in the industry keeps rising.

Diversified Business Line?

Pursuing diversified development in the equipment manufacturing industry, Yizumi has currently established various commercial divisions, namely, injection molding machine, die-casting machine, rubber injection machine, high-speed packaging machine, robotic automation system and Yiming Mold. Especially, in 2016 as the A5 series servo energy-saving injection molding machine and the DP series two-platen machine were pushed into the market, the operating income of the Injection Molding Machine Division has reached RMB 866,000,000 by 32.49% over the previous year.

YIZUMI-HPM Dual-brand Strategy Comes into Play

With products sold in such markets as Turkey, Indonesia, South Korea, Malaysia, and Philippines, etc., Yizumi’s overseas business has achieved great development in 2016 with the annual sales increased to RMB 270,000,000 by 36.89% over the previous year, which is higher than the growth rate of the domestic market. As the Indian factory will go into operation soon, and the North American market keeps developing with HPM renamed as YIZUMI-HPM, the company’s overseas market is expected to have better performance in 2017.

Invest in the Future by Promoting R&D

For many years Yizumi has been investing in product research and development in order to drive the growth of the company. In 2016 the expense on R&D reached RMB 81,473,300, accounting for 5.65% of the operating income. There were 52 new patent applications in the year, of which 30 patents have been obtained and one is the patent for invention. Focusing on technology application, the company will continue to promote R&D in the future. With the German R&D Center to be established in 2017, Yizumi aims to integrate with advanced European molding technology and make a world-class enterprise in the equipment manufacturing industry.

A Good Start in the First Quarter of 2017

Along with the growth momentum of 2016, Yizimi has made a good start in the first quarter of 2017. With the continuous increase of orders and sales, the operating income increased by 54.01% year on year to RMB 412,000,000, the total profit increased by 300.14% to RMB 64,355,900, and the net profit attributable to shareholders 319.17% to RMB 51,985,600. A total of 876 contracts have been signed with automobile, household appliance, and 3C product manufacturers, etc.

The steady development in 2016 has enhanced Yizumi’s people’s confidence in 2017. As Mr. Richard Yan, CEO of the company, said, Yizumi is dedicated to be a world-class enterprise to provide high-quality molding solutions for global customers. With several innovative products hitting the market, Indian factory going into operation, and the German R&D Center to be established, Yizumi is expected to achieve great development in 2017.