Haitian International, with an impressive sale of machines, has shown a glowing sales performance and profits ending June 30, 2018, despite the slowdown in the overall growth momentum of global economic activities in the first half of 2018.
Haitian delivered 19,493 machines to the customers worldwide in the first half of 2018, representing a steady growth of 7.6%. The company recorded revenue of RMB5,877,4 million (approx. USD893.8 million) for the six months ended 30 June 2018, a commendable growth of 16.7% as compared to the first half of 2017. Gross profit margin was also at the high level of 31%.
Haitian International increased its domestic sales by 18% to RMB4,178.5 million (approx. USD635.5 million), even when the domestic economic growth in China was declining. The company has the advantage of having diversified international market with its continuous investments in overseas countries that supported its significant sales in different markets, against the impact from the “trade-war” with the US. The increase in total export sales was recorded at 13.5% to RMB1,580.2 million (approx. USD240.3 million).
Haitian International has followed a development strategy of shifting small tonnage machines toward electric solutions and large tonnage machines to two-platen solutions.
Mr. Zhang Bin, Executive Director of Haitian International, looking to the influence of volatilities in emerging markets, the trade protectionism and the risk of geopolitical conflicts, said, “In the future, we will continue with our proven diversified strategic measures based on our three pillar strategy “Communication – Innovation – Efficiency” towards different markets around the world.” He, added, “We remain cautious in the future of Chinese and global economies for the second half of 2018. We will continue to create value for our customers with better quality products and services.”