The sales figures of Haitian International Holdings Ltd. have developed positively in the first two quarters of 2009 country to the trend in the global market. With RMB 1.37 billion in sales the executive management of one of the largest injection molding machine manufacturer in the world is satisfied with its “Haitian”, “Tainjian” and “Zhafir” brands. While the global competition has been under heavy pressure due to both the global financial crisis andthe recession in the respective home markets the group enjoys a better position.Thanks to the continuous efforts to upgrade products and to new investments, primarily in research and development, in the first six months of the year the grouphas been in a position to respond to the different customer requirements especially in the Chinese market but also to some other important markets much better and faster.
Sales in the first two quarters amounted to around 1,374,977,000.00 RMB, a drop of approximately 33 percent compared with the same time period of the previous year. However, the latter has been the best sales result in the 43 years history of Haitian. Net profit attributable to shareholders for this difficult period amounts to approximately 110.3 million RMB. The Holding has generated a cash flow from operation of 249.5 million RMB and paid out a half years dividend to the share holders.
In spite of the increased crisis tendency at the end of the year 2008, 16,000 machines have been delivered to customers from the manufacturing plants of the Group.
In the beginning of 2009 the market was heavily impacted in China as well, created not only by the global financial crisis and the Chinese New Year period, but also by the decreased consumption and export business of the customers of injection molding machines.
Haitian International maintained its position contrary to the trend with new and innovative products and services for the customers from all three brands and gained market share.
Additionally the situation in the Chinese market improved after the first quarter 2009. This was also activities supported by the 4,000 billion RMB stimulation package and further consumption and investment growing activities by the Chinese government, in order to revitalize the economy. The profitability of the group improved significantly as a result of this market improvement in the second quarter of 2009. In the second quarter a 58.2 percent increase in sales was generated; this represents around 842.2 million RMB in value of machines.
Visibly positive, Mr. Zhang Jianming, Executive Director and CEO of Haitian International points out: “The injection molding machine market stabilized towards the end of the first quarter of 2009. We also felt the previous negative changes in the market. We hope that the positive trend of the industry continues, provided that the positive effects of the government stimulation package continue to hold and that the economy is fueled even better as a result. With our renowned brands, the constant efforts in research and development, the excellent quality of our machines compared with the competition, the unique price/performance ratio associated with this, our focus on core technologies and an efficient range of products we are well positioned to respond to the increasing demand in the market.”
In addition to the investments in research and development the group is focusing exclusively on the demands of the customer in production and in sales; from the basic machines for the simplest mass produced components to the energy savers and to affordable, fully electric precision. So, for example, contrary to the trend the turnover of the energy saving and innovative Haitian “Mars” series climbed in the first half year to around 567 million RMB. This represents a growth of 15.5 percent compared with the record figures of the first two quarters of 2008