Yingqu Technology: Net profit in the first half of the year was 570 million yuan, up 46.64% year-on-year

Recently, Yingqu Technology released its semi-annual performance report, achieving operating income of 3.653 billion yuan in the first half of 2021, a year-on-year increase of 113.4%; net profit attributable to shareholders of listed companies was 570 million yuan, a year-on-year increase of 46.64%; basic earnings per share was 0.73 yuan, a year-on-year increase of 46%.

Regarding the main performance drivers, Yingqu Technology stated that the intelligent manufacturing industry has broad development space. The company insists on deepening its UDM intelligent manufacturing business, insists on taking internationally renowned corporate customers and high-end product markets as its dominant position, and adheres to the core concept of "providing customers with first-class products and creating high value". The company's competitive advantages in the high-end market in the intelligent manufacturing segment are gradually becoming more prominent.

At the same time, faced with the situation of tight supply and rising prices of raw materials, Yingqu Technology has continuously increased its R&D investment, optimized product design and solutions, and stepped up component substitution efforts on the basis of leveraging its strategic cooperation advantages with important suppliers and preparing materials in advance, thereby alleviating the pressure of rising production costs.

Yingqu Technology continues to strengthen the advantages of automation, informatization, and flexibility in intelligent manufacturing, adheres to lean production management, continuously optimizes the intelligent automated manufacturing system, reduces labor costs, significantly improves manufacturing efficiency and production quality, and effectively reduces the company's operating costs.

With the rapid improvement of production capacity and operation level of the smart manufacturing bases in Malaysia and Hungary, Yingqu Technology has formed a pattern of simultaneous operation and division of labor in production in China, Southeast Asia and Europe.