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Revenue and net profit double bumper, wire and cable leader Baosheng shares achieved leapfrog development

revenue and net profit double bumper, wire and cable leader Baosheng shares achieved leapfrog development

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original title: revenue and net profit double bumper, wire and cable leader Baosheng shares achieved leapfrog development

following the brilliant performance of 2018 annual report, domestic wire and cable leader Baosheng shares reported good results in the first quarter of 2019 Both net profits have been bumper to achieve sustained and stable growth

Baosheng's financial report for the first quarter of 2019 showed that its revenue was 7038548408.48 yuan, a year-on-year increase of 6.97%, and the net profit attributable to shareholders of listed companies was 41170409.94 yuan, a year-on-year increase of 25.16%

in 2018, Baosheng shares achieved an operating income of 32184404083.45 yuan, an increase of 55.55% year-on-year; The net profit was 146688689.61 yuan, an increase of 70.62% year-on-year; The net profit attributable to the owners of the parent company was 117694027.30 yuan, an increase of 36.48% year-on-year

it is worth noting that the total revenue of Baosheng shares in 2018 soared nearly four times compared with that in 2012, with a year-on-year high growth for 10 consecutive years, achieving unconventional and leapfrog development, further away from the development goal of "100 billion group, 100 year Baosheng" proposed by the group

as shown in the following table:

the wire and cable industry is in a red sea situation, and Baosheng shares has made great achievements through all kinds of difficulties.

at present, China's wire and cable production and sales volume ranks first in the world, but the industry concentration is low, homogenization is serious, competition is fierce, innovation ability is lack, the industry is large but not strong, and the Red Sea situation is prominent. At present, the market competition of medium and low voltage power cable products is fierce and the gross profit rate is low. The traditional steel cored aluminum strand is also facing fierce competition because of its obvious product homogenization and low entry barriers. While foreign well-known brands of wires and cables have entered the fake test bench directly or through joint ventures, joint ventures and other means. When they have risen in position, they do not need to start the oil pump to deliver oil to the domestic market, which intensifies the industry competition

in 2018, facing the complex and changeable macro situation and increasingly severe market challenges, Baosheng Co., Ltd. focused on the strategic goal of "100 billion group, 100 year Baosheng" put forward by the group, comprehensively implemented the five development strategies of "internationalization, high-end, specialization, informatization and service", focused on improving the development core competitiveness of the enterprise, and focused on promoting the company to the blue ocean market, military and civilian integration, system integration, intelligent manufacturing Transform to an industry leader, promote the company's transformation from a product manufacturer to a system integrated service-oriented manufacturer, so that the company can maintain a good development momentum with steady progress and good progress

in 2018, Baosheng's position in the industry was significantly improved and its influence was comprehensively enhanced. The company has been awarded the top 10 most competitive enterprises in China's cable industry for five consecutive years, and has been selected into the top 100 innovative enterprises in Jiangsu Province and the cultivation plan of innovative leading enterprises in Jiangsu Province. At present, Baosheng's leading position in the industry of wire and cable production and marketing scale is prominent. Among them, China's plastic machinery industry has made great progress in preventing the use of modified plastics. Fire cables, 10kV and 35kV medium voltage cables and railway urban rail cables have become the industry singles champion, especially the Aviation Cable ewis technology is leading all the way across the country. Some new products have broken out of the tight encirclement and foreign monopolies one after another. Baosheng shares has also changed from the traditional single product research and development to the whole industrial chain research and development of materials research and development, intelligent manufacturing, equipment research and development and system integration

in 2018, Baosheng accelerated the research and development of new products. 25 new products independently developed by the company have passed the provincial product appraisal, of which 9 products such as "super flexible robot cable" have been rated as domestic advanced products, and 2 products have been rated as international leading products

the construction of key projects has advanced by leaps and bounds. In 2018, Baosheng accelerated the construction of a number of projects such as submarine cables and polymer materials, among which the first phase of smart cable, Baosheng Ningxia cable, 110kV substation and other projects have been completed and put into operation; The intelligent network cable has formed a production capacity of 900000 boxes/year; The cross-linked tower of the submarine cable project has been successfully capped, and a 260000 square meter plant has been completed

the expansion of the main market was accelerated. In 2018, in the main markets such as power energy and rail transit, Baosheng's newly signed contracts and production scheduling contracts increased by 23.1% and 27.4% year-on-year respectively, with gratifying results. In the railway and rail transit market, we seized the policy opportunity of the national "grand transportation", successfully won the bid of Wuhan Kowloon Railway, Yinchuan West high speed railway, etc., and successively won the bid of Guiyang metro, Shijiazhuang metro, Zhengzhou metro, Wuhan Metro Line 5 and other projects

Baosheng shares continued to make progress in the triple market and special market in 2018. In the triple market, it has successfully won the bid for key image projects such as the Qingdao Shanghai Cooperation summit, the 19th Jiangsu Provincial Games, the first China International Expo, and Beijing new airport, Qingdao airport, Pudong airport. Baosheng special cable is selected in the design of many new subway projects in Xi'an, Guangzhou, Tianjin, Chongqing, Beijing, etc; In aviation production, the company's cable ewis design has been highly affirmed by customers; In the nuclear power market, the company's related products have also made positive achievements, and fill in the domestic blank

now the actual controller and ultimate controller of Baosheng shares have been changed to AVIC group, and the controlling shareholder is Baosheng Group. The group strongly supports Baosheng to become a core supplier of domestic aerospace cables and a key pillar enterprise in the aerospace electromechanical and electrical industry, IOT, electronic information and other industries

it can be predicted that Baosheng shares is expected to enjoy a "feast" in the field of military industry and military civilian integration in the future. As a professional platform under AVIC, Baosheng shares now plays an important role in promoting the localization of domestic aviation cables and the melting of military and civilian cables. In the future, the market space for military aviation cables will reach 3 billion a year, while civil aircraft cables will also have a level of 10 billion, both of which have gross margins higher than 50%, which will significantly improve the company's profit margin. Many institutions believe that Baosheng is expected to become an aerospace cable giant relying on the large platform of AVIC central enterprises in the future

it is estimated that the domestic military civilian integration trend will continue to strengthen in, and the company's low gross profit rate is expected to be effectively changed. High value-added and high-end special cable fields such as nuclear power, seabed, high-speed rail and oil will become the main targets of Baosheng shares

it is expected that in the future, superconducting materials and superconducting technology will become the "heavy weapons" of the company, which will lead to a qualitative "revolution" in the use of the company's products and industrial fields

at present, Baosheng Co., Ltd. complies with the national "the Belt and Road" policy. The speed regulation range is narrow. If there is high speed, there will be no low speed, or if there is low speed, there will be no high-speed policy. It actively opens up overseas markets, expands Baosheng overseas laboratories and experimental plants, and opens up another new growth point of profits for the company

the Xiongguan pass is like iron, and now we are going to cross over from the beginning. Baosheng Co., Ltd. will continue to focus on the development goal of "100 billion group, 100 year Baosheng" put forward by the group, implement the "five modernizations" development strategy, and strive to move towards the goal of becoming a world-class comprehensive provider of power and information engineering solutions


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