News

Recently, the frequency converter "dark horse" Zhongchen Technology released the 2023 annual report and the 2024 quarterly report, both good news.
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In 2023, Zhongchen Technology achieved operating income of 616 million yuan, an increase of 15.01%; Net profit attributable to shareholders of listed companies was 192 million yuan, an increase of 27.82% year-on-year.
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In the first quarter of 2024, Zhongchen Technology's revenue was 145 million yuan, an increase of 5.36%. Net profit attributable to shareholders of listed companies was 47.22 million yuan, an increase of 15.65%.
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According to relevant data, Zhongchen Technology is a high-tech enterprise specializing in product development, production, sales and service in the field of industrial automation, and its main products are low-voltage inverter and servo system. The "Zhongchen" brand low-voltage inverter, servo system and other products independently developed and produced by the company are widely used in air compressors, plastic machinery, engineering machinery, water supply equipment, metallurgical equipment, textile machinery, machine tools, chemical machinery, mining machinery, printing and packaging industries.
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Since its establishment in 2006, the company has always adhered to independent research and development and innovation, adhering to the principle of "scientific and technological innovation, people-oriented, customer first", with a unique design concept, advanced production technology and high-quality management team has achieved rapid development.
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It is understood that the frequency converter and servo system are still the main products and main sources of income of Zhongchen Technology. In 2023, the company continues to enrich the product line of frequency inverters and servo systems, making continuous breakthroughs in multiple industries and multiple levels.
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In the industry, in the traditional advantages of the air compressor industry to continue to deepen, to provide customers with better services, at the same time in the new industry expansion, the company launched AWS series wind power variable pitch integrated controller, focusing on the wind power industry, and has achieved the scale of delivery to industry customers, the industry space has been opened;
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At the product level, the company has established a differentiated product system, and there are corresponding series of products at different levels to achieve coverage; In 2023, the company launched the US880 series high-performance servo system, which is positioned in the high-end market and provides customers with high-precision, high-response and high-standard product services. After the launch of the US880 series, it has become a new generation of benchmarking products for the company's servo system. After the official launch in the second half of 2023, it has been applied in many industries. Effectively enhance the company's servo system sales scale.
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Zhongchen Technology has always attached importance to the research and development of product technology and continuous innovation, close to the development trend of industry technology, take the initiative to upgrade product technology, improve product performance, continuous research and development investment and strong technical strength to promote the company can achieve a rapid response to market demand.
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First of all, in the face of the development of the industry and the new needs of customers, the company continues to expand the range of frequency converter products for different types of motors, launched the synchronous reluctance motor, hybrid reluctance motor, high-speed motor and other new motor frequency converter products; Secondly, in order to meet the needs of customers for easy installation and rich functions, the company continues to strengthen the product advantages on the miniaturized frequency converter product track. In 2023, the company launched the new T200 high-performance frequency converter product, which has excellent performance and integrates bus technology and a variety of Internet of things functions. It is the company's key product in the field of multi-functional miniaturized products. The full series of T200 high performance drives is expected to be completed by 2024.

At the same time, in the face of customer demand for products of different voltage levels, Zhongchen Technology has also increased the research and development of high-voltage inverter products in 2023, and has achieved product landing sales in 2024. The company's inverter product line has gradually achieved full coverage from low-voltage inverter to high-voltage, medium-voltage and low-voltage inverter products of different voltage levels. The high voltage inverter product line will expand more market space for the company in the project market.

To provide customers with customized services is a consistent sales strategy of Zhongchen technology, frequency converter and servo system as the basic parts of industrial automation equipment, a wide range of applications, in different industries have applications, and different industry customers' product needs are not the same, in addition to the industry special machine is specially customized for specific industry customers, the company in the sale of general series of products, We are also committed to keeping close to the habits and needs of supporting manufacturers and customers in different industries, providing customized services according to customer needs, constantly improving sales efficiency and supporting services, achieving accurate solutions to customer needs, and improving customer loyalty; At the same time, timely response to customer needs also provides the company with a differentiated advantage in competition with international brand products. In addition to customized services, customers' business demand for comprehensive solutions is also rising, and in order to better provide customers with comprehensive solutions, the company continues to extend the supporting products of frequency converter and servo system, and constantly make efforts to launch vertical injection molding machine control system, injection molding machine programmable display and control integrated controller, configurable human-machine interface (HMI) and other products. And is expected to complete the PLC product development in 2024; The construction of the company's supporting product system has achieved initial results. Based on the increasing demand for comprehensive solutions from customers, supporting products have provided more new momentum for the company's development.
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Zhongchen Technology said that in 2024, the company will focus on the industrial automation industry, continue to expand the company's main product lines of frequency converters and servo systems, and continue to expand new industry dimensions, the company will continue to expand the sales of AWS series wind power variable pitch integrated controllers applied to the wind power industry. And will focus on the promotion of new products for high and medium voltage field ZCH series high and medium voltage inverter, as well as suitable for mobile robots and other fields of low-voltage servo system products; Continuously improve the coverage of product series to meet the needs of different levels of the market, the company will continue to expand the sales of new products for the high-end market US880 series high-performance servo system, and strive to complete the series of T200 high-performance vector multi-function inverter; Continuously improve product adaptability and expand the scope of adaptation of the company's products. Part of the product series of the company's inverter has realized the support of synchronous reluctance motor, hybrid reluctance motor and high-speed motor, which will further fit the industry trend to promote product development and sales. In addition, the company will also expand and extend the supporting products of frequency converter and servo system, provide customers with comprehensive solutions, achieve "one main line, multi-direction development", increase the production and marketing of vertical injection molding machine control system, injection molding machine programmable display and control integrated controller, configurable human-machine interface (HMI) and other products. And strive to complete the development of PLC products in 2024.
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In addition, Zhongchen Technology will continue to increase the investment in scientific and technological research and development, further consolidate the existing technical foundation, in-depth research on industrial automation products such as frequency inverters and servo systems, and strengthen the company's technical application advantages in the industry. In the future, Zhongchen Technology will continue to develop more products with high technical content and cost-effective, and improve the company's core competitiveness.