Zhiguang Electric's first-half performance increased 221.82%, energy-saving business highlights

Zhiguang Electric (002169.SZ) released the 2014 semi-annual report on the evening of August 22, saying that operating income for the period was approximately RMB 282 million, an increase of 24.44% year-on-year; net profit attributable to shareholders of listed companies was approximately RMB 13.47 million, representing a year-on-year increase. 221.82%.

In the first half of 2014, Zhiguang Electric's main product sales increased year-on-year; comprehensive energy-saving service revenue increased rapidly; meanwhile, the company and its subsidiaries actually received refunds of value-added tax rebates on software products that were collected during the same period last year. A larger increase. As of the end of the reporting period, the company's contract for energy-saving services is expected to share a total energy-saving benefits of about 1.666 billion yuan, maintaining a rapid pace of development.

Zhiguang Electric's permanent magnet synchronous motor and servo control system, which was officially launched at the end of 2013, are being trial run in five ceramic enterprises in Guangdong. It is expected that sales orders will be signed successively in the second half of the year; the first phase of Zhiguang Integrated Energy Industrial Park is expected to be completed in the second half of this year.

In the first half of the year, Zhiguang Electric completed the research and development of 140V and 690V SVG products for voltage and reactive power control of distribution networks and new energy access to the power grid. In the field of high-voltage inverters, it completed the investment in the belt conveyor for belt conveyors. The operation has achieved a breakthrough in the field of multi-machine power balance control.

According to industry research, Zhiguang Electric's business continued to transform and upgrade from a single product to a related product line to a comprehensive application solution, seeking new profit growth points. At the same time, it further formed three core business areas in the field of industrial energy conservation, and gradually entered the energy efficiency benefit sharing. During the period, it is expected that the net profit of the company's energy-saving service business will exceed 40 million yuan this year.

Zhiguang Electric expects that the net profit attributable to shareholders of listed companies in the first three quarters of 2014 will be approximately 18,886,500 to 22,642,200 yuan, an increase of 50% to 80% over the same period of last year.

Zhiguang Electric is a provider of comprehensive energy and power technology solutions. At present, it concentrates its advantageous resources on the development of three major product lines: motor system control and energy efficiency improvement, intelligent distribution network, power automation and information technology. In the power plant large-scale pump fan energy-saving, metallurgical sintering process large fan Energy-saving, wind power generation access to the grid reactive power compensation, ceramic industry electromechanical system energy saving and other sub-sectors, continue to enhance product line integration capabilities, to provide customers with system solutions.