The leading industrial gear industry with obvious advantages. The company is an enterprise engaged in the R & D and production of industrial gears. Its products include modular geared motors, small reducers and high-power heavy-duty gearboxes, mainly used in metallurgy and mining industries. The company has strong technical advantages, modular gear motor products in the international level, small reducer and high-power heavy-duty gearbox products in the domestic level.
Modular geared motors and high-power gearboxes boost performance growth. During the reporting period, while consolidating its position in the traditional metallurgical market, the Company further expanded its markets such as building materials, lifting and mining, and achieved growth in all main businesses. Among them, the operating income of high-power gear box was 152 million yuan, with a year-on-year growth of 41.68%; Modular reducer realized operating income of 228 million yuan, with a year-on-year growth of 52.86%.
Judgment on the growth of the company's main business performance. From the perspective of the development of various products of the company, modular reducer products as auxiliary transmission equipment are widely used. The annual demand growth rate of the whole gear motor market is expected to be about 15%, while the company's business is at the middle and high-end level. We expect that the revenue growth rate in this business will remain above 30%. The high-power heavy-duty gearbox business is a key development area of the company, and the proportion of future revenue will increase year by year. We believe that the growth of this business comes from two aspects. First, in the first half of 2009, the company's high-power heavy-duty gearbox expansion project will be completed, and 10 years will enter the concentrated release period of production capacity; Second, the company's product market will be expanded to more than 5000KW super-large heavy-duty gearbox applications, such as electric power, mining and so on. We expect revenue growth in this business to remain above 35%. Modular high-precision motor business, such products with high precision, short delivery cycle and other characteristics, will be very suitable for metallurgy, cement building materials, lifting transportation, mining, electric power and other industries of the high-end market, will achieve a comprehensive replacement of small reducer products. We believe that the company will maintain high-speed growth in this business, and it is expected that there will be more than expected growth in the future.
