NEWS

2019.04.28

YIZUMI Annual Results 2018: Revenue hits record high with encouraging growth in IMM business and overseas market

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YIZUMI announced its annual results on April 23. In the fiscal year of 2018, YIZUMI’s revenue reached RMB 2.014 billion, with year-on-year growth of 0.33%, a record high for the company; net profit has slightly declined but is still the second highest in the company’s history. Facing the challenges of China's complicated economic environment and the declining demand of the industry in 2018, YIZUMI still performed well thanks to the three strategic reforms of product development, operation and globalization. The overall development momentum of YIZUMI is promising.


Encouraging performance of IMM business with all-electric machine grows fastest

In 2018, YIZUMI continued to focus on the development of its main business, focusing on the diversified extension of products in the field of precision molding machinery with innovative product development and business operations, and actively deploying the global market, allowing global customers and peers to further recognize YIZUMI products and brands.

 

Despite the complicated economic situation, the operation of YIZUMI injection molding machine business remained stable. In 2018, the sales of injection molding machines reached RMB 1.3325934 billion (including high-speed packaging systems and all-electric injection molding machines), accounting for 66.14% of the company's annual sales, an increase of 18.02%. The two-platen machines grew rapidly, up 80% year-on-year. In 2018, the all-electric machines grew at a high speed, with sales of RMB 35.2425 million, accounting for 1.75% of the company's annual sales, an increase of 210.06%, making it the fastest growing product of YIZUMI.

 Overseas markets grow steadily with India being the largest single overseas market

In recent years, YIZUMI has been practicing the globalization strategy and constantly explored domestic and overseas markets. Among them, the overseas markets showed a steady growth trend, with annual sales of RMB 476.1414 million in 2018, an increase of 21.62% year-on-year.

Under the vigorous performance of new products, India, Turkey, Israel, the United States and Iran performed well and became the main driving force for growth of YIZUMI’s overseas business. D1 series two-platen injection molding machine, A5 high-end servo injection molding machine, H series high-end cold chamber die casting machine, as well as SM series and ARC series die casting machines etc. have won market recognition.

It is worth noting that the Indian factory is now in full operation. On June 30 2018, when the YIZUMI Indian subsidiary was put into production for one year, the 100th injection molding machine was successfully commissioned. In 2018, YIZUMI India’s sales exceeded 40 million RMB, making India the company's largest single overseas market.

 


At the same time, YIZUMI continues to strengthen its global presence. From North American subsidiary to France spare parts center, Belgium Environmental Plastics Innovation Center, German R&D center, Indian subsidiary and Vietnam Technical Service Center, YIZUMI has reached the markets of Americas, Europe and Asia.

 


Adhere to the technology-driven strategy increasing R&D investment

In order to cope with the fierce competition in the industry, YIZUMI always adheres to the technology-driven strategy and takes the technology centers as the research and development platform and increases R&D investment, optimizes the company's existing production technology, promotes new product development, thus achieving sustainable and rapid development. In 2018, the company's total investment in R&D reached 87.7794 million RMB, maintaining a high level investment. The company newly added 60 patent applications, including 19 invention patents; 39 patents were obtained, including 3 invention patents and 2 design patents.


Q1 2019 performance stable with revenue and net profit increased year-on-year

In the first quarter of 2019, the declining market demand in the industry has not changed. The trend of the industry is still unclear. The company's operations in 2019 still face major challenges and uncertainties. Under this situation, the whole company worked hard, and strived to explore the market, and the overall business performance remained stable.

In the first quarter of 2019, YIZUMI revenue reached 484 million RMB, a year-on-year increase of 2.65%. The injection molding machine business was basically flat compared with the same period of last year, and the revenue of die casting machine business has increased. The net profit attributable to shareholders is 52.814 million RMB, a year-on-year increase of 7.14%.

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