Analysis of the low voltage business of the semian

Chint electric semi annual report, low-voltage business analysis

, Chint electric released the 2020 semi annual report, a brief summary: during the reporting period, the company achieved an operating revenue of 14.609 billion yuan, an increase of 1.26% over the same period last year; Among them, the low-voltage segment achieved a revenue of 8.182 billion yuan, a year-on-year decrease of 5.32%, the solar segment achieved a revenue of 6.343 billion yuan, a year-on-year increase of 12.9%, and the inter segment offset was 264 million yuan; The net profit attributable to the shareholders of the listed company was 1.811 billion yuan, an increase of 1.49% over the same period of the previous year

among them, the holding subsidiary noyak achieved a revenue of 369 million yuan, a year-on-year increase of 45.07%, and a net profit of 55.1560 million yuan, a year-on-year increase of 226.22%

low voltage electrical appliances

1. Deepen the layout, and continue to consolidate the advantages of channel distribution

the company takes provincial capitals, municipalities directly under the central government, and prefectures as the core, and layout 475 first-class dealers; It also extends to districts, counties and towns, with a total of more than 5000 secondary distributors; Achieve 95% coverage of primary and secondary channels at Prefecture and municipal levels, and basically achieve national coverage of channel networks; Layout 15 brand experience halls, 32 electrical industry supermarkets, 256 Si image stores, 115 secondary image stores

2. Make every effort to develop, and the share of industry customers has increased significantly

in terms of centralized power purchase, the company has a strong momentum of business development in all provinces and bureaus in southern China. It has not only obtained orders for traditional products such as mainstream circuit breakers, fee controlled switches, mutual inductors, but also made breakthroughs in intelligent molded case circuit breakers, Power engineering has become a high-quality growth point of Chint power business

3. Internal repair ≥ 15mm adopts the force extension of 1500N, and the international business structure is steadily optimized

in the difficult situation of severe recession in the global economy and great uncertainty in the external environment, the overseas market still achieved positive growth in the first half of the year

4. The combination of production and research, the implementation of intelligent manufacturing acceleration strategy

focus on promoting small circuit breakers, molded case circuit breakers The construction of five digital workshops including frame circuit breakers, AC contactors and relays has launched a number of innovative products including the low-voltage distribution product na1p-s for the power IOT

according to the financial report, in the first half of 2020, the revenue of the low-voltage segment 8 can only measure the total force required to destroy the sample of 182.3681 million yuan; In the first half of 2019, the revenue of low-voltage segment was 8642.2987 million yuan; Year on year decline of 5.32%

in the past five years, Chint low voltage division's semi annual revenue data:

after continuous two digit high growth, this year is the first year-on-year negative growth

in the past five years, Chint low voltage division's semi annual gross profit rate data:

after three consecutive years of growth, the gross profit in 2020 fell back to the level of 2016

in short, Chint appliance, as a domestic leading enterprise of low-voltage appliances, It has realized the layout of the whole power industry chain, and has the advantages of whole industry chain integration and solutions. At the same time, it has strong competitive advantages in cost control, large-scale and production line automation, as well as channel and brand management.

Channel:

it has the most perfect and sound sales network in the industry, which requires foam granulator, Form a marketing system with the provincial capital city as the core and the county and district level as the auxiliary point. In terms of cost:

cost control relies on two advantages: first, scale effect. As a domestic leading enterprise of low-voltage electrical appliances, the revenue of similar products is ahead of domestic peers, and the marginal effect brought by scale effectively reduces various costs; At the same time, optimize the product structure and reduce production costs