Haitian International Holdings Ltd., one of the biggest manufacturers of plastics injection molding machines in the world, announces its interim results. The corporate group achieved an impressive revenue of around 650.2 million euros for the first six months of 2017, which corresponds to an increase of 30.5 % in comparison to the first half of 2016. Net profit increased by 43.6 %, a significant contribution to income through increased efficiency.
The reasons for what is so far the best result in the company’s history are a combination of the essential components for success: market + strategy + product.
Economic growth in China
In the Chinese domestic market, there is a strong demand for injection molding machines because of economic growth. Steadily rising production efficiency, together with an ever-increasing degree of automation and supply-side reforms, motivates plastic-processing companies to invest and trade in the old for the new. The result for our trade in China: Record sales of approx. 457.1 million euros were achieved, which represents an increase of more than 29 % when compared to the first half of 2016.
Investments in international presence
Haitian International continues to invest in international markets with location-specific application centers and service expansions, for example in Germany, India, Turkey, and Mexico. The consistent development of services and application centers creates quality, availability, and trust. In addition, a significant recovery of the economy in Europe and the USA had a positive effect on the results. The outcome for our international trade: Export sales of 179.7 million euros and an increase of more than 33 % compared to the first half of 2016.
Technology to the point
Haitian International continues its investment strategy of “Technology to the Point” with additional cost-efficient solutions for achieving the perfect balance between productivity and flexibility at the lowest possible cost. Concentrating consistently on electric solutions in the smaller tonnages and on two-platen solutions in the mid-range and large tonnages has proven to be correct. Thus, in comparison to the same period last year the electric series of the Zhafir Plastics Machinery brand recorded a sensational increase of more than 55 % in terms of quantities and sales respectively. In the first six months nearly 1,200 units left the factories. The two-platen Haitian Jupiter plus Series experienced a sales growth of more than 41 % compared to the previous year, which corresponds to nearly 400 units sold. In just the first six months of the year, the servo-hydraulic best-selling Haitian Mars Series achieved an increase of more than 30 % both in the number of units and turnover. Thus more than 15,000 have already been sold in the first six months of the year.
Professor Helmar Franz, board member and strategic advisor to Haitian International commented on the result thus: “We see that Technology to the Point has been vindicated ten thousand times over, and we’ll stay on this successful course. With this sometimes seemingly unspectacular, yet extremely effective and sustainable strategy as our basis, we are working at full throttle on major issues such as the optimal capability for integration into MES software solutions, or on a newly defined modularity for established basic technologies in servo-hydraulic and electric series machines.”