December 21, 2023
In the third quarter of 2023, ZONCN Technology achieved an operating income of 162 million yuan, an increase of 8.68%. Net profit attributable to the mother was 55.89 million yuan, an increase of 26.65%; Non-net profit was 53.68 million yuan, an increase of 49.78%. In the first three quarters of this year, Zhongchen Technology achieved operating income of 486 million yuan, an increase of 12.77%; Net profit attributable to the mother and withholding non-net profit were 149 million yuan and 144 million yuan, respectively, an increase of 30.28% and 40.14%.
ZONCN Technology is a high-tech enterprise specializing in product development, production, sales and service in the field of industrial automation. The main products are low-voltage inverter, servo system, motor, main drive motor drive of new energy vehicles, etc. The "ZONCN" brand low-voltage inverter, servo system and other products independently developed and produced by ZONCN technology cover the power range of 0.4KW-1200KW, which is widely used in air compressor, plastic machinery, engineering machinery, water supply equipment, metallurgical equipment, textile machinery, machine tools, chemical machinery, mining machinery, printing and packaging industries.
ZONCN Technology said that the capacity utilization rate (excluding outsourcing) in the first half of 2023 was 108.55%, and the capacity utilization rate (excluding outsourcing) in 2021 and 2022 was 106.98% and 90.76%, respectively, except for the low capacity utilization rate caused by the suspension of production and marketing in Shanghai in 2022, it has been in a state of overload production.
The ZONCN technology investment project is progressing smoothly, and the project construction is progressing in an orderly manner. After the production bases in Shanghai and Wuhu reach the annual production capacity of 720,000 units of inverter products, 37,000 units of servo system products, and 8,000 units of elevator and construction lift system products, which can effectively meet the growing market demand and provide downstream customers with better quality and efficient products and services. The company is actively promoting the construction of fundraising projects, and the relevant production capacity will be released in early 2024 to further improve the company's competitiveness.