In our goal of achieving 100 billion yuan in sales revenue in the 12th Five-Year Plan, Noac will definitely have to contribute a large proportion of the contribution. On the 2nd day, Chint Group Chairman Nan Cunhui told the reporter that the most recent goal is to expect the arrival of the output after the investment period and hopes to reach a break-even in 2012.
According to report, in order to seize the market opportunities, before the completion of the new base project, Noaac had already tried to operate with the existing platform of Zhengtai Electric, and based on the smart grid, it started to launch the full range of products to the market in early 2011.
At present, Noack Electric has been listed in the Shanghai Smart Grid Industry Key Enterprise List and approved as a major investment project for high-tech industrialization in Shanghai. It will provide intelligent control and distribution electrical appliances for smart grid construction. The design products include air circuit breakers and double Power conversion switch, AC contactor three major categories of low-voltage power distribution, control of key products.
On the 2nd day, Chen Ping, President of Shanghai Electric Apparatus Research Institute (Group) Co., Ltd., told reporters: Our intelligent low-voltage electrical appliance market can be said to have just started, which is related to the development level of the entire transmission and distribution system. Compared with some manufacturing giants abroad, we need to achieve catch-up in reliability, stability, modularity, and intelligent indicators.
According to statistics, the investment in the 12th Five-Year Distribution Network will reach RMB 1,000 billion, accounting for 50% of the total investment; in which the investment in rural power grids will increase by 36% year-on-year, and the future demand for primary and secondary low-voltage equipment will maintain a growth rate of 15%-20%. At present, the middle and high-end fields of low-voltage electrical appliances in China have reached a market size of about 20 billion, and the gross profit rate of products is as high as 40%-50%.
Since entering the capital market in early 2010, Chint Electric’s operating income has maintained an average growth of over 30%.
On the evening of February 2nd, its 2011 performance report released showed that: in 2011, its operating income reached 8.302 billion yuan, an increase of 30.97%, operating profit of 1.092 billion yuan, an increase of 30.21%, a total profit of 1.085 billion yuan, an increase of 28.9 %, the net profit attributable to shareholders of listed companies was 817 million yuan, a year-on-year increase of 27.78%.
According to report, in order to seize the market opportunities, before the completion of the new base project, Noaac had already tried to operate with the existing platform of Zhengtai Electric, and based on the smart grid, it started to launch the full range of products to the market in early 2011.
At present, Noack Electric has been listed in the Shanghai Smart Grid Industry Key Enterprise List and approved as a major investment project for high-tech industrialization in Shanghai. It will provide intelligent control and distribution electrical appliances for smart grid construction. The design products include air circuit breakers and double Power conversion switch, AC contactor three major categories of low-voltage power distribution, control of key products.
On the 2nd day, Chen Ping, President of Shanghai Electric Apparatus Research Institute (Group) Co., Ltd., told reporters: Our intelligent low-voltage electrical appliance market can be said to have just started, which is related to the development level of the entire transmission and distribution system. Compared with some manufacturing giants abroad, we need to achieve catch-up in reliability, stability, modularity, and intelligent indicators.
According to statistics, the investment in the 12th Five-Year Distribution Network will reach RMB 1,000 billion, accounting for 50% of the total investment; in which the investment in rural power grids will increase by 36% year-on-year, and the future demand for primary and secondary low-voltage equipment will maintain a growth rate of 15%-20%. At present, the middle and high-end fields of low-voltage electrical appliances in China have reached a market size of about 20 billion, and the gross profit rate of products is as high as 40%-50%.
Since entering the capital market in early 2010, Chint Electric’s operating income has maintained an average growth of over 30%.
On the evening of February 2nd, its 2011 performance report released showed that: in 2011, its operating income reached 8.302 billion yuan, an increase of 30.97%, operating profit of 1.092 billion yuan, an increase of 30.21%, a total profit of 1.085 billion yuan, an increase of 28.9 %, the net profit attributable to shareholders of listed companies was 817 million yuan, a year-on-year increase of 27.78%.
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