Sanchuan Co., Ltd. Releases Semi-Annual Report: Smart Water Meters as Key Business
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Benefited from the rapid growth of smart meter business, the performance of Jiangxi Sanchuan Water Meter Co., Ltd. (abbreviation: Sanchuan) has been steadily increasing. The semi-annual report of 2014 was disclosed on the evening of August 19. During the reporting period, Sanchuan achieved total operating income of 299,280,636.24 yuan, an increase of 5.45%; operating profit of 59,658,312.72 yuan, an increase of 19.60% year-on-year; net profit attributable to shareholders of listed companies was 51,920,369.08 yuan, an increase of 35.86%.
Sanchuan said that from January to June 2014, the company's smart watch sales increased by 46.43% year-on-year, sales revenue was 51,723,300 yuan, a year-on-year increase of 44.84%, and smart watch sales revenue accounted for 17.19% of total main business revenue, compared to the same period of last year. The increase was 4.76 percentage points, and the gross profit was 24.11 million yuan, an increase of 60.47% year-on-year. The gross profit of smart watches accounted for 26.67% of the total gross profit of the company, which was an increase of 8.29 percentage points year-on-year. The growth in smart watch sales and the increase in sales margins are the most important factors driving business revenue and profit changes during the reporting period.
The main products of Sanchuan at this stage include ultrasonic full-electronic water meter, smart card water meter, network remote water meter, direct-reading electronic remote water meter, environmental protection stainless steel water meter, water-saving water meter, heat meter, secondary water supply equipment, and multi-channel condominium water supply. System, water division management application software, etc. The company is committed to becoming the world's most advanced water metering service provider. The use of advanced networks and information technologies to realize intelligent, networked and systematic water resources measurement and management is the development direction and strategic goal of Sanchuan.
On August 18, Sanchuan shares disclosed the termination of the planned merger and acquisition. Previously, Sanchuan shares suspended the proposed acquisition of Beijing Tianruixiang Instruments Co., Ltd. and Beijing Tianrui Xiangde Metering Technology Co., Ltd. as a shareholder. However, in view of the fact that during the negotiation, the company and the counterparty could not reach an agreement on the relevant important transaction terms of the transaction, and the formal merger and acquisition agreement could not be formed. Sanchuan decided to terminate the plan for the merger and acquisition.
Sanchuan also stated that although this merger and acquisition cannot be implemented, it will continue to follow the same path of growth with concentrating growth and expansion, capital operation and business development, and seeking to expand through mergers, acquisitions, equity investments, etc. The possibility.
Oxide powders are commonly used in thermal spray applications due to their high melting points, excellent wear resistance, and thermal insulation properties. They can be used to create protective coatings on various surfaces, such as metals, ceramics, and plastics.
Some common types of oxide powders used in thermal spray include:
1. Aluminum oxide (Al2O3): This oxide powder is widely used for its high hardness, wear resistance, and thermal insulation properties. It is commonly used for coating applications in industries such as aerospace, automotive, and electronics.
2. Zirconium oxide (ZrO2): Zirconium oxide powder is known for its high melting point and excellent thermal barrier properties. It is often used in thermal spray coatings for gas turbine engine components, where thermal insulation is critical.
3. Chromium oxide (Cr2O3): Chromium oxide powder is used for its high hardness, corrosion resistance, and wear resistance. It is commonly used in applications where high temperature and abrasive wear resistance are required.
4. Titanium oxide (TiO2): Titanium oxide powder is known for its high refractive index and excellent UV resistance. It is often used in thermal spray coatings for optical and decorative applications.
These oxide powders can be applied using various thermal spray techniques, such as flame spraying, plasma spraying, or high-velocity oxy-fuel (HVOF) spraying. The choice of oxide powder and thermal spray technique depends on the specific application requirements and desired coating properties.