Cho Lang'S Performance Pledge Will Continue To Turn To Emerging Markets As Scheduled.

In the evening of June 29th, Zhuo Lang intelligent company released the 2019 annual report. The company achieved operating income of 8 billion 575 million yuan last year, and the net profit attributable to shareholders of listed companies was 609 million yuan.

According to the audit report issued by PWC, the net profit attributable to the owners of the parent company after the deduction of non recurring gains and losses in the 2017-2019 year was 2 billion 540 million yuan, exceeding the performance commitment of 2 billion 352 million yuan, and the completion rate of the performance commitment was 107.85%. At this point, Zhuo Lang's intelligence exceeded 2017, 2018 and 2019's performance commitments for three years.

Cho Lang intelligence is a worldwide provider of natural fiber textile machinery, which can provide a total solution provider from open cotton cleaning unit, carding machine, roving frame, spinning frame, winding machine, twister, twister and automatic rotor spinning machine. The main products of the company have significant competitive advantages and leading market position in the global market. In 2019, affected by the continuous decline of global economic growth, the global textile machinery industry was running low, and the main textile machinery manufacturing countries and regions all showed an overall adjustment trend. Due to global uncertainty and the delay in the implementation of procurement by the international textile machinery exhibition, the volume of global textile machinery trade has declined.

Even in the face of industry challenges, CHO Lang intelligence has grown in China and other emerging market countries in 2019. Among them, in the largest market of the group, China increased its business revenue by 17%. In Brazil, Vietnam and Pakistan, it also gained 34.4%, 39.79% and 66.68% growth. The company has been increasing its income in the Vietnamese market for three consecutive years.

Cho Lang believes that the company as the world's leading supplier of intelligent complete sets of spinning equipment and solutions providers and service providers, especially the company, has strong core competitiveness and will take an advantage in emerging market competition. The company plans to further promote the adjustment and integration of the industrial layout. The core strategy is to stabilize the research and development of high-end business entities and the positioning of high-end products, while accelerating the implementation of the strategy of transferring production layout to Asia.

In addition, the company also expressed the need to continuously expand its business areas and increase the revenue from sales and services. Especially in the special sales business, because of the relatively high gross profit margin, Zhuolun intelligent has increased the sales revenue and service revenue as an important part of the company's development strategy, which is in line with the development trend of the industry and also helps the company to continuously improve its operating income.