Recently, listed companies have released 2023 annual reports or performance letters. In the past year, the global economic situation has been complex and changeable, and various uncertainties have greatly increased, and the development of automation as an important part of the manufacturing industry has attracted much attention. So, what was the performance of major automation companies last year? We have summarized the financial reports of several industry leading companies such as Huichuan Tec
Recently, listed companies have released 2023 annual reports or performance letters. In the past year, the global economic situation has been complex and changeable, and various uncertainties have greatly increased, and the development of automation as an important part of the manufacturing industry has attracted much attention. So, what was the performance of major automation companies last year? We have summarized the financial reports of several industry leading companies such as Huichuan Technology, Yingweiteng and Zhongkong Technology, hoping to get a glimpse of the market.
First look at the domestic industrial control leading enterprise Huichuan technology, according to its 2023 annual performance report, the company's total revenue last year reached 30.420 billion yuan, an increase of 32.21%; Net profit attributable to shareholders of listed companies was 4.745 billion yuan, an increase of 9.85%. This growth was mainly due to the rapid growth of the company's general automation business and new energy vehicle business, as well as the steady development of the smart elevator business. With its deep focus in the fields of automation, digitalization and intelligence, and the grasp of structural growth opportunities in downstream industries, Huichuan Technology can be said to have achieved steady growth in performance.
Inwitten's performance in 2023 is equally impressive. According to the annual report, the company's total revenue was 4.59 billion yuan, an increase of 12.03%; Net profit increased 35.06% to 371 million yuan. Inwitten achieved remarkable results in the project market last year, with sales of a number of industries and products breaking through the 100 million yuan mark, especially in overseas markets, Inwitten's performance is particularly eye-catching, with operating income as high as 1.475 billion yuan, an increase of 30.65%, accounting for 32.14% of total operating income.
The performance of central control technology is also worthy of attention. According to its annual report, the company achieved an operating income of 8.62 billion yuan in 2023, an increase of 30.13%. Net profit attributable to shareholders of listed companies was Rmb1.102 billion, up 38.08% year on year. By deeply cultivating the process industry and building a new structure of "1+2+N" smart factory, Zhongcong Technology has achieved steady growth in operating performance. At the same time, the company has also achieved remarkable results in the development of non-traditional advantages and emerging businesses, overseas business, oil and gas business, PLC business, battery business, robot business, etc., have achieved rapid growth.
Efte announced that the revenue in 2023 was 1.883 billion yuan, an increase of 41.84%; The overall gross profit was 321 million yuan, an increase of 127.41% over the previous year; The loss was 45.1525 million yuan, sharply narrower than the net loss of 173 million yuan in the same period last year. Eft said that the company adheres to the main channel of robots, continuously enrichedproduct lines, actively explores the market, and the sales of industrial robots in 2023 increased by more than 100% compared with the same period in 2022. At the same time, the company's overseas system integration business recovered, and the company's overseas subsidiaries' contribution to the gross profit of the system integration business in the automotive industry increased and led to the overall gross profit margin of the overseas system integration business increased.
The company's operating income is 1.506 billion yuan, an increase of 12.83%, the main reason is that the company continues to improve the level of research and development, improve product performance, programmable controller, human-machine interface, drive system and other products have been steadily developed, of which drive system products grow faster. The net profit attributable to shareholders of listed companies was 198 million yuan, down 10.96% year-on-year, mainly due to the impact of macroeconomic environment, intensified competition, price reduction of sales products, and the increase in the proportion of sales of low gross profit products, resulting in a decline in product gross profit margin. In addition, the company continued to increase research and development investment and marketing network construction, and various labor costs and expenses have risen.
According to the performance bulletin released by Sine Electric, the company achieved operating income of 374 million yuan in 2023, an increase of 7.68% over the same period last year; The net profit attributable to the owner of the parent company was 50.6636 million yuan, an increase of 10.56% over the same period last year. During the reporting period, orders in the logistics industry involved in the company's main business increased significantly year-on-year, resulting in a certain increase in operating income.
Several rejoiced and several worried, and not all companies ushered in positive revenue growth. Buke shares in 2023 encountered challenges, the company achieved annual operating income of 506 million yuan, down 6.09%; Net profit returned to the mother was 60,683,400 yuan, down 33.36% year-on-year. Buke shares said that the decline in performance was mainly affected by fluctuations in demand in the downstream market, and the revenue of the general automation industry declined significantly. Although the company's sales in the robotics industry continued to grow, overall operating income declined year over year. In the face of market changes, Buke has increased the investment in research and development expenses and sales expenses in order to improve the competitiveness of the company.
Hanwei Technology's 2023 performance also recorded a decline. The company achieved a total revenue of 2.287 billion yuan, down 4.50% year-on-year; Net profit returned to the mother was 131 million yuan, down 52.64% year-on-year. Hanway is primarily focused on sensors, and while revenue from smart meters and integrated solutions for the Internet of Things grew, a sharp decline in utility revenue weighed on overall results.
Overall, 2023 will be a year full of challenges and opportunities for automation companies. In the changing market environment at home and abroad, some enterprises have achieved performance growth through technological innovation, market expansion and business adjustment, while others have faced the test of market demand fluctuation and competitive pressure. Continue to strengthen research and development investment, improve the competitiveness of products and services, while actively adapt to market changes, to find new growth points, enterprises can achieve sustainable development.
