FY 2020 achieves record unit sales of over 43,000 machines despite Covid-19 / Revenue soars 20.3% versus 2019
Haitian (Ningbo, Zhejiang / China; www.haitian.com), the top global maker of plastics injection moulding machinery in terms of unit sales, posted a new record of machines sold in 2020, underlining the tailwind from China’s positive economic growth while the rest of the world was reeling from the effects of Covid-19. It sold well over 43,000 units of machines compared to 32,000 units in 2019, to boost total revenues by 20.3% at CNY 11.8 bn (EUR 1.53 bn; see Plasteurope.com of 27.03.2020). Net profit grew 36.4% at CNY 2.3 bn.

Although sales in some overseas markets were severely affected by the pandemic, export sales at CNY 3.52 bn rose 2.1%, while domestic sales expanded 30.2% at CNY 8.28 bn despite a month-long shutdown in the first quarter, thanks to the strong demand from downstream customers.

Due to buoyant growth in mass medical products and packaging in the January-June period, more than 37,000 machines of the flagship “Mars” series were delivered, with revenues gaining 28.6% at CNY 8.2 bn. As the household appliance and automotive markets recovered in the second half of the year, revenues of the “Zhafir” and “Jupiter” series expanded 6.8% and 3.2%, respectively.

Looking ahead, Haitian’s 2021-2025 plan includes strengthening its global market presence, increasing the competitiveness in the high-end market and advancing digital manufacturing solutions. It also aims to standardise machinery components.

Haitian recently held the official groundbreaking ceremony to build a CNY 10 bn industrial park for advanced component and machinery manufacturing in Shunde County, near Foshan city in Guangdong province. The first phase of construction covers around 300,000 m² for the production of intelligent injection moulding machines, to be completed later by CNC machine tools, robotics and automation, and intelligent manufacturing systems.
09.04.2021 Plasteurope.com [247390-0]
Published on 09.04.2021
Haitian: Spritzgießmaschinenhersteller meldet VerkaufsrekordGerman version of this article...

© 2001-2021 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2021 by Plasteurope.com, Bad Homburg
Date of print: 08.05.2021 15:46:17   (Ref: 862995347)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp