10 semi-annual financial reports of China's instrument companies listed: Several happy families

[China Instrument Network Instrumentation Industry] At the end of August, many domestic instrument and meter companies released the first half of 2017 performance report. The company’s annual report shows that the company’s economic income and profit in the first half of the year. Some people have earned enough money in the first half of this year. Some people are frowning. It’s just a few happy things.
Let's take a look at the semi-annual financial reports of 10 listed companies.
Domestic 10 Instrumentation Listed Companies' First Half 2017 Financial Results

enterprise
Operating income (yuan)
Year-on-year change
Net profit (yuan)
Year-on-year change
Gold Card Smart
612 million
92.75%
9452.84 million
140.62%
Ningbo water meter
372 million
-15.74%
52,850,500
-19.44%
Haixing Power
13.42 billion
44.2%
272 million
19.11%
Wasion Group
14.28 billion
-6%
About 418 million
-17%
Ke Lu Electronics
15.25 billion
16.04%
135 million
83.3%
Linyang Energy
15.61 billion
8.92%
3.37 billion
107.59%
First environmental protection
460 million
11%
0.49 billion
17.27%
Concentration Technology
990 million
35.7%
101 million
19.15%
Snow Dillon
387 million
12.27%
0.52 billion
14.63%
Dongrun Instrument
120.049 million
-25.28%
125.93 million
-18.46%

Gold Card Smart
In the first half of 2017, operating income was RMB 612 million, a year-on-year increase of 92.75%; net profit was RMB 94,582,400, an increase of 140.62% year-on-year.
During the reporting period, the company’s smart gas meters and commercial and industrial flow meters all achieved good growth. The operating revenue of smart gas meters reached 61,227 million yuan, an increase of 92.75% over the same period of last year.
Ningbo water meter
In the first half of 2017, operating income was 372 million yuan, a decrease of 15.74% over the same period of last year; the net profit attributable to the shareholders of the listed company was 52.8554 million yuan, a year-on-year decrease of 19.44%.
The main reason for the decrease in revenue is that the company completed the orders of the “Government of Cuban household water meter purchase project” with the Chinese government of China Textile Machinery and Technology Import and Export Co., Ltd. in the first half of 2016; the second is the overall demand of the water meter industry over the same period of last year. It has declined, especially for the demand for mechanical water meters.
Haixing Power
In the first half of 2017, operating income was 1.342 billion yuan, an increase of 44.20% year-on-year; net profit attributable to shareholders of listed companies was 272 million yuan, an increase of 19.11% year-on-year; total assets were 5.7 billion yuan.
In the main business, smart power products accounted for 59.21% of the total, power distribution solutions accounted for 39.09%, power cloud services accounted for 1.52%, and other stations accounted for 0.19%. In recent years, the company has launched overseas markets and overseas gross margin accounts for more than 60%, which is expected to continue to benefit from the high growth of overseas smart grid demand.
Wasion Group
In the first half of 2017, the turnover reached 1.428 billion yuan, a year-on-year decrease of 6%; gross profit was approximately 418 million yuan, a year-on-year decrease of 8.27%.
Among them, ADO's revenue reached 360 million yuan, up 36% year-on-year; communications and fluid AMI's revenue reached 373 million yuan, up 1% year-on-year; electric AMI's revenue reached 695 million yuan, down 21% year-on-year. For the decline in net profit, Wasion Group explained that: “The reasons for the drop in net profit include: less tender than expected bidding for the Group's main customer, State Grid, and slower than expected supply schedule, amortization of intangible assets and financial expenses increased significantly from last year, government subsidies. Reduce etc."
Ke Lu Electronics
In the first half of 2017, revenue was 1.525 billion yuan, a year-on-year increase of 16.04%; net profit attributable to shareholders of listed companies was 135 million yuan, an increase of 83.3% year-on-year.
The growth in performance has benefited from the focus on the main business, focusing on the promotion of new energy business, and vigorously expanding overseas markets; actively developing new products, applying new technologies, and continuously enhancing core competitiveness; capital operation projects have progressed smoothly and provided funds for the company’s sustainable development. .
Linyang Energy
In the first half of 2017, total operating income reached 1.561 billion yuan, an increase of 8.92% year-on-year, and net profit attributable to shareholders of listed companies was 337 million yuan, an increase of 107.59% year-on-year.
During the reporting period, the company positioned itself as “strategically becoming the largest interconnected operation and service provider in the field of distributed energy and energy efficiency management”, and formulated various business goals for 2017; the business of the new energy sector is the company's report. The growth of the company's performance has made a great contribution; the company's distributed photovoltaic power station business continues to grow rapidly.
First environmental protection
In the first half of 2017, the operating income was 460 million yuan, an increase of 11.00% over the same period of the previous year; and the net profit attributable to the shareholders of the listed company was 49 million yuan, an increase of 17.27% over the same period of the previous year.
During the reporting period, the miniaturization of eco-environmental monitoring, miniaturized equipment, software, and system integration were all implemented. The grid system completed the transition from sales of products and services to the provision of big data consulting services. The company actively explored the management of VOCs. Developed a monitoring system for industrial parks; upgraded the integrated management and decision support platform for atmospheric super stations; and developed a grid precision monitoring and decision support platform for aquatic ecosystems.
Concentration Technology
In the first half of 2017, operating income was 990 million yuan, an increase of 35.7% year-on-year; net profit attributable to shareholders of listed companies was 101 million yuan, an increase of 19.15% over the same period of last year.
Due to the company's development and accumulation in the field of environmental protection over the years, the company's sales scale continues to expand, making the company's main business show a sustained growth momentum; holding subsidiaries have a certain contribution to the growth of net profit. The above two reasons have caused the current period's net profit to increase by a certain extent compared with the same period of last year. The rapid growth of laboratory analytical instruments has added momentum to monitoring the development of the main industry. At the same time, the newly-incorporated subsidiary also brought growth in its main business.
Snow Dillon
In the first half of 2017, sales revenue was 387 million yuan, an increase of 12.27% over the same period of last year; cumulative net profit was 52 million yuan, an increase of 14.63% over the same period of last year
In the first half of 2017, the company continued to increase investment in market expansion, and continued to expand new products and new businesses such as VOCs monitoring, atmospheric monitoring, mass spectrometry, and smart environmental protection. Sales expenses increased by 4.93 million yuan from the same period of last year, an increase of 9.41% year-on-year. The wholly-owned subsidiary Beijing Xuedilong Information Technology Co., Ltd. is currently in the early stage of investment. As the country's investment in smart environmental protection and products are gradually put into the market, it will certainly bring about considerable growth in the company's future performance.
Dongrun Instrument
In the first half of 2017, operating income was RMB 12,049,900, a decrease of 25.28% over the same period of the previous year; net profit attributable to shareholders of the listed company was RMB 1,229,300, a decrease of 18.46% over the same period of the previous year.
The main reason for the decline in revenue was due to the incomplete completion of the system integration project signed this period.
(Source: Digging, Flushing Finance, China Securities Journal, Eastern Fortune Network, Northeast Securities)

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