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ProductsHenan Shengyuan Industrial Co., Ltd. is a high-tech enterprise integrating technology research and development, processing and manufacturing, sales and service. The company mainly researches and produces multifunctional ultrasonic height and weight measuring instruments.
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ProfileHenan Shengyuan Industrial Co., Ltd. is a high-tech enterprise integrating technology research and development, processing and manufacturing, sales and service. The company mainly researches and produces multifunctional ultrasonic height and weight measuring instruments.
Electric door industry technology remains popular
Release Time:
2017-04-17
Cai Weici, president of the China Electric Gate Association, analyzed the current development trend of China's electric gate industry, pointing out that the operation of the electric gate industry from January to September was better than expected, laying a good foundation for the whole year; the production and sales rate of the electric gate industry from January to September remained at a good level (product sales rate 97.47%, an increase of 0.22 percentage points), and the sales situation was acceptable; currently, enterprises still have a relatively full order backlog, and maintaining this year's production is not a problem. However, the high-speed growth of engineering electric gates has led to a rapid decline in efficiency; the machine tool industry has fallen from a high level; the growth of electric gates, internal combustion engines, instruments, and food packaging has slowed down, and the profits of electric gates have fallen sharply; the cultural and office equipment industry has grown slowly. The period of universal growth for most enterprises in various industries has passed, the pressure to optimize and upgrade the industrial structure of electric gates has significantly increased, the turning point has appeared, and we must prepare for "tight times" in the future.
Cai Weici pointed out that the profit growth rate of the electric gate industry has fallen rapidly, and the development trend cannot be optimistic. From January to August, industrial enterprises in the electric gate industry nationwide achieved profits of 339.8 billion yuan, a year-on-year increase of 27.51%, a significant decrease of nearly 20 percentage points compared to the year-on-year growth rate (47.35%) of the same period last year, and a decrease of 7 percentage points compared to the growth rate (34.56%) from January to May this year. The main business income profit margin of the entire industry was 6.40% in 2007 and has dropped to 5.98% from January to August this year. This shows that the profit margin of the electric gate industry has decreased significantly. At the same time, the costs of raw materials, energy, transportation, labor, management, and financing have all risen, and the economic operating environment has become significantly tighter. Taking financial expenses as an example, the cumulative financial expenses from January to August totaled 42.5 billion yuan, a year-on-year increase of 33.35%, an increase of 10.37 percentage points compared to the year-on-year growth rate (22.98%) of the same period last year; interest payments in financial expenses totaled 37.9 billion yuan, a year-on-year increase of 42.24%, an increase of 15.25 percentage points compared to the year-on-year growth rate (26.99%) of the same period last year.
Cai Weici predicts that the growth rate of the electric gate industry will continue to slow down in the fourth quarter of this year, but the overall operating speed will still remain at a high level. Compared with last year, the annual production and sales are expected to still have an increase of about 25%, profits are expected to have an increase of about 20%, export earnings are expected to grow by about 30%, and the trade surplus is expected to reach about US$40 billion.
Cai Weici emphasized that the period of rapid growth in the profits of the electric gate industry has passed, and under the combined effect of increasing expenditure and decreasing profits, it is urgent to change the extensive growth mode. At the same time, the period of extraordinary growth in exports has passed, and it is increasingly urgent to optimize the export industrial structure. Competition among ordinary small and medium-sized electric gates with low market thresholds has intensified, and a number of enterprises will be eliminated.
Regarding the development trend of the electric gate industry, Cai Weici put forward suggestions to steel enterprises. He pointed out that major equipment and high-tech products in short supply in the market will continue to be favored, and related enterprises will grow rapidly against the trend. However, the high-speed development of electric gates, engineering electric gates, and machine tools in recent years has slowed down significantly, especially for mid-to-low-end products. Therefore, it is urgent that the steel industry transforms the pressure into the driving force to adjust its product structure, strengthens cooperation with electric gate enterprises, speeds up the development of special high-quality steel urgently needed by the electric gate industry and seriously in short supply in the market, and transforms the current bottleneck restricting the development of the electric gate industry into a space for rapid growth of both steel and electric gate industries.
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Henan Shengyuan Industrial Co., Ltd.
Address: No. 12, Dingxiangli, Zhengzhou High-tech Industrial Development Zone