SVA Electric's net profit increased by 70% year-on-year

On August 9, Guangdian Electric released its 2011 interim report that the operating revenue for the first half of the year was 554,474,600 yuan, an increase of 11.65% year-on-year; and the net profit attributable to the listed company was 77,937,700 yuan, up year-on-year. Growth of nearly 70%, far exceeding the growth rate of revenue. Basic earnings per share was 0.1504 yuan, an increase of 32.51% year-on-year.

According to the report, the sales revenue of the company's high and low voltage component business increased by 30.08% year-on-year, and gross profit contribution increased by more than 5 million yuan year-on-year. The company adjusted its industrial structure and focused on the development of low-voltage components and power electronics businesses. In particular, the gross profit rate of the power electronics business increased by 16.02 percentage points, which was a major factor in improving company performance.

In the first half of 2011, SVA's power electronics and new energy business continued to maintain a rapid development momentum. Recently, the company successfully obtained the contract of the synchronous frequency conversion soft starter of Hanzhong Steel Works' 32MW blower, marking the first time that high-capacity high-voltage frequency converters made in China have entered this high-end application field, and at the same time marked that the company's Honeywell brand high-voltage frequency converter entered the high-end market. The main popular column.

In early 2009, GE Consumer & Industrial Products Group and Guangdian Electric signed an agreement to establish a Shanghai-based joint venture Shanghai Guangdian Power Components Co., Ltd., with Radio and TV Group accounting for 75% of the shares. The role of EJV and CJV, joint venture between SVA and GE, as GE's global IEC medium-voltage core platform has been further confirmed, and the internationalization of its products and technologies has progressed smoothly. At present, the industry is more optimistic about the operating efficiency of this cooperation model. Continue to replicate the high-end brand model, get involved in the electric power sector, and continue to develop new products to maintain rapid growth in the future.