Zhuo Lang Intelligent released its annual report for 2017. the annual operating income was 8.71 billion yuan, an increase of 37.2% over the same period last year. The net profit of shareholders belonging to listed companies was 658 million yuan, an increase of 38.6% over the same period last year. The net profit of shareholders of non-listed companies was deducted from 649 million yuan, a substantial increase of 95.3% over the same period last year. Zhuo Lang Intelligent promised a net profit of 583 million yuan in 17 years. According to the bet caliber, it actually completed 684 million yuan, with a completion rate of 117%, substantially exceeding the promise.
The textile machinery faucet landed in A shares and the Xinjiang plant was put into production in the second half of the year. Zhuo Lang Intelligence successfully entered A shares in September 2017 through a backdoor listing. As a global leader in textile machinery industry, Zhuo Lang has formed many world-famous textile machinery brands such as Saurer, Schlafhorst, Zinser, Allma and so on through years of business accumulation and technology precipitation. In the field of natural fiber textile machinery, the company is one of the few overall solution providers in the field of natural fiber textile machinery, such as opening and cleaning group, carding machine, roving machine, spinning machine, winding machine, twisting machine, double twisting machine and automatic rotor spinning machine. The company and Switzerland Rieter ranked the top two in the world in textile machinery equipment. In 2017, Zhuo Lang's income and profit level have comprehensively surpassed that of Switzerland Rieter by virtue of its deep layout in China and other regions. As the Zhuolang Urumqi plant will be put into production in the second half of 2018, the company's production capacity is expected to increase significantly and the proportion of China business will further increase.
Global layout, actively expand Turkey, Kazakhstan and other Belt and Road Initiative market. In addition to the rapid expansion of the domestic market, Zhuo Lang has also reaped a lot of harvest in a number of large cotton growing countries along Belt and Road Initiative. In 2017, Zhuo Lang's market in Turkey grew by about 70%. After three years of efforts, Uzbekistan has become the company's fourth largest market, with sales of more than 500 million yuan in 2017. At present, the company's production base and sales companies are located in 12 countries and regions, including China, Germany, Switzerland and India, with users in more than 130 countries and regions around the world.
The amount of accounts received in advance has increased significantly and the orders are abundant. By the end of 2017, the company received 1.374 billion yuan in advance, an increase of 63% over the same period last year. The company's prepayment ratio is generally about 10%. According to the conservative calculation according to the 25% prepaid ratio, it is expected that the company's current orders exceed 5 billion yuan, fully ensuring 18 years of high performance growth.
Ruyi, Yida and other domestic well-known spinning mills have maintained a good cooperative relationship with the company. The company and Shandong Ruyi Group signed a framework contract with a total price of about 2.18 billion yuan on March 10, 2017, with a total implementation of about 1.52 billion yuan by the end of 17 years. The contract amount is about 660 million yuan.