In the first half of the year, the profits of nuclear Su valve technology company in China increased by 35.24% over the same period of last year

In the first half of the year, China Nuclear Sohu Technology Industrial Co., Ltd. realized operating revenue of 482,279,900 yuan, an increase of 3.9114 billion yuan over the same period of the previous year, an increase of 23.64%; operating profit of 3,061.67 million yuan, an increase of 35.24% over the previous period of 2286.12 million yuan; The net profit of the parent company's shareholders completed 28,829,300 yuan, an increase of 16.01% compared to the same period of last year, 24.85 million yuan.

Since the beginning of this year, China Nuclear Sohu Technology Industrial Co., Ltd. has been faced with changes in the external economic environment, especially the slowdown in domestic economic growth. The overall demand for the valve industry in the company has been sluggish and competition has become fiercer. The company's business has been tested by various difficulties.

Based on the annual business plan formulated at the beginning of the year, the company actively explored the market, increased R&D investment, optimized product structure, strengthened internal management, overcame various difficulties, increased production, reduced expenditures, and worked hard. The operating conditions of the company are stable, and the business indicators such as main business income and profits have increased by a certain extent as compared with the same period of last year. All work has been carried out in an orderly manner. among them:

1. Actively develop the market and increase the main business income. During the reporting period, the company further strengthened its strategic cooperation with key customers such as PetroChina and Sinopec in the development of the domestic market, actively tracking projects, meeting customer needs, and increasing the market share of the company's products. At the same time, we paid close attention to the commencement of nuclear power construction projects and procurement of nuclear power valves, and endeavored to undertake orders for nuclear power project valves; in foreign markets, through product certification, we will intensify our efforts in developing valve markets in major international economic regions, and increase our product exports. Sales.

2. Reasonable production resource allocation improves production efficiency. The company further integrates the current status of product technology and production organization, adjusts the layout of production and operation, optimizes production organization and resource allocation, increases total valve production, and increases production efficiency.

3. Increase investment in technology research and development, optimize product structure. Through technological innovation, the company independently researches and develops and undertakes the research and development of key valves localization-related technologies organized by relevant domestic departments to further enhance the company's core competitiveness. During the reporting period, the company applied for and accepted a total of 4 patents, including 2 invention patents and 2 utility model patents, and 4 utility model patents.

4. Strengthen overall budget management and implement full performance assessment. During the reporting period, the company further strengthened its internal operations management, actively promoted target performance assessments, performed internal responsibility decomposition of its budget objectives, carried out internal revenue-raising activities to reduce expenditures, tap potential revenue reduction factors, and increase economic efficiency.

5. Accelerate the construction of raised capital projects. During the reporting period, the company’s fund-raising projects under construction completed a total investment of 11,559,600 yuan and a total of 217.1711 million yuan was invested. Among them: the expansion of nuclear power valve production capacity, including the main workshop, office building and auxiliary construction and renovation, installation and commissioning of major equipment, completed during the reporting period. The technical reform project of the special valve production line for nuclear chemical industry has also started full-scale.