Sichuan Instrument Co., Ltd. is expected to achieve a net profit of 155 million yuan in 2017

[China Instrument Network Instrument Company] On February 8, Sichuan Instrument Co., Ltd. released its 2017 annual performance report. According to the announcement, Sichuan Instrument Co., Ltd. expects to realize operating revenue of RMB 3.06 billion in 2017, a decrease of RMB 201.2 million or 6.17% from the same period of the previous year; it is expected to achieve a net profit attributable to shareholders of listed companies of RMB 155 million, an increase of 20.16% over the same period of the previous year .

(Image from the Internet, invaded)

It is reported that Sichuan Instrument Co., Ltd.'s revenue fell by 6.17% in 2017, mainly due to the decline in sales of its products in the fields of electric power, oil, natural gas and new energy. Operating profit increased by 40.60% over the same period of last year. First, sales profits increased and investment income increased. On the other hand, the company implemented the “Accounting Standard for Business Enterprises No. 16 - Government grants” in 2017. Government grants were transferred from “non-operating income”. Into the "other benefits" increased.

It is understood that due to the macroeconomic downturn and the profound adjustments in the traditional market fields such as metallurgy, coal, petroleum, and chemical industries in recent years, the main products of industrial instruments and instruments of Sichuan Instrument Co., Ltd. are facing a more severe situation. However, the company seized the opportunity of “Made in China 2025” and high-end equipment “localization” to further implement the strategy of “subject to catch-up and replace imports”, and revolves around traditional industries such as quality improvement and efficiency improvement, energy saving and emission reduction, and intelligent manufacturing. Upgraded new demands, vigorously explored the mid-to-high end application market, constantly adjusted and optimized the market structure and user structure, and ensured a steady increase in performance.

Sichuan Instrument Co., Ltd. was established in 1999. Its controlling shareholder is Silian Group. The actual controller is Chongqing SASAC. It is mainly engaged in the research and development, production, sales, technical consultation and service of industrial automatic control system devices and engineering complete sets. It is the most comprehensive domestic automatic meter manufacturing enterprise with the largest scale, the most complete product categories and the most integrated system capability. The first industrial automation system device manufacturing company, "Chuanyi" trademark was identified as "China Famous Brand" by the State Administration for Industry and Commerce.

(Source: Qianlong, Flushing Finance, China Securities Net, Sichuan Instrument)

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