① In the first half of the year, China Control Technology's revenue increased 16.78% year on year. After excluding GDR exchange gains and losses, net profit to mother increased by 49.80% year on year. Among them, instrument revenue increased 72.18% year on year, making it the fastest growing product; breakthroughs were achieved in overseas markets, and revenue increased 188.22% year on year. ② Central Control Technology has increased its investment in the field of humanoid robots in recent years, and its related subsidiaries will launch new products in the near future.
“Science and Technology Innovation Board Daily”, August 19 (Reporter Huang Xiumei) Today (August 19), China Control Technology announced that in the first half of this year, the company achieved revenue of 4.25 billion yuan, an increase of 16.78% over the previous year; after excluding GDR exchange gains and losses, it achieved net profit of 0.52 billion yuan to mother, an increase of 49.80% over the previous year. In the same period, R&D investment was 0.444 billion yuan, up 9.29% year on year. R&D investment accounted for 10.45% of revenue, a decrease of 0.71 percentage points.
Central control technology is the leader in industrial process automation, creating a new “1+2+N” smart factory architecture for the process industry; and based on the core concept of “AI+ data”, it enables the leap forward transformation of traditional factories to “future factories” that operate intelligently and autonomously.
The company stated in its semi-annual report that it is also committed to reshaping production methods through AI technology innovation, promoting intelligent industrial development, and accelerating the transformation from DCS companies and automation companies to industrial AI companies.
(Central Control Technology's operating performance for each reporting period)
Overseas business increased by 188.22% year-on-year
In the first half of this year, in terms of revenue by product, products related to industrial automation and intelligent manufacturing were booming. Control systems (control systems and control system+instruments) achieved a total revenue of 1.725 billion yuan, an increase of 17.65% over the previous year.
At the same time, industrial software (industrial software and control system+software+others) achieved a total revenue of 1.11 billion yuan, an increase of 3.23% over the previous year; instruments achieved revenue of 0.353 billion yuan, an increase of 72.18% over the previous year, making it the fastest growing product in the first half of this year.
From an industry perspective, central control technology digs deep into structural demand growth opportunities in key emerging industries such as oil and gas, smart coal mines, and liquor. In the same period, revenue from the petrochemical industry increased by 26.95%, revenue from the chemical industry by 26.03%, revenue from the oil and gas industry by 117.32%, and revenue from the pharmaceutical and food industry by 29.23%.
In addition, China Control Technology's overseas business has also entered a new stage of development, and breakthroughs have been made in overseas markets. The company's overseas business revenue for the first half of this year was 0.343 billion yuan, up 188.22% year on year, accounting for 8.11% of the company's total revenue. During the reporting period, it signed a new overseas contract of 0.5 billion yuan, an increase of 63.82% over the previous year.
Humanoid robot subsidiaries will launch new products in the near future
The “Science and Technology Innovation Board Daily” reporter noticed that in recent years, central control technology has continued to increase investment in the field of “humanoid robots”. On February 6 this year, it pledged 14.48 million yuan of registered capital of Zhejiang Humanoid Robot Innovation Center Co., Ltd. (hereinafter referred to as “Zhejiang Humanoid Robot”) to industrialize humanoid robots, derived intelligent robots, and core key components.
China Control Technology also announced tonight (August 19) that it plans to once again jointly increase capital for Zhejiang humanoid robots with Ningbo Yunyi. Before and after this capital increase, China Control Technology was the largest shareholder of humanoid robots in Zhejiang.
Among them, China Control Technology plans to use its own capital of 0.286 billion yuan to recognize Zhejiang humanoid robots with an additional registered capital of 9.5173 million yuan. After the capital increase is completed, it will hold 38.8531% of Zhejiang humanoid robot's shares.
Ningbo Yunyi plans to pay 70 million yuan for the additional registered capital of Zhejiang humanoid robots of 2.3334 million yuan. After the capital increase is completed, Ningbo Yunyi will hold 8.8573% of Zhejiang humanoid robot's shares.
It is worth mentioning that as of July 31 of this year, Zhejiang humanoid robots had total assets of 0.304 billion yuan and net assets of 0.113 billion yuan; unaudited revenue from January to July 2024 was only 0.6283 million yuan, and net profit loss was 9.3011 million yuan.
According to the announcement, in March 2024, Zhejiang humanoid robot successfully released the first humanoid robot product “Pioneer 1”, and is expected to launch a new generation of innovative products in the near future.