August and September each year should be the off-season of the agricultural machinery industry. However, the reporter saw at Changchai Co., Ltd. on September 14 that the current production and sales momentum of the company was not off-season, and maintained a good momentum of growth.
In the first half of the year, the company’s sales revenue was 1.248 billion yuan, a year-on-year increase of 8.45%, and net profit was an increase of 4,667.53%. Corporate officials told reporters that this was mainly due to the unprecedented increase in the country's agricultural machinery subsidy policy this year. Just after the beginning of the new year, the pull of policies began to show: Since the third day of the year, the company has been operating at full capacity. In the first half of the year, only the sales of multi-cylinder machines increased by 17.12% over the previous year.
As the largest manufacturer of medium and small-capacity diesel engines in China's agricultural machinery industry, the company’s sales volume in the first half of the year increased by 5.47% year-on-year. At the same time, as the company strengthened its internal management, adjusted its product structure, and lowered the price of raw materials, the company's main business gross profit margin increased from 9.64% in the same period of last year to 13.34%.
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