Haitian half-year results show hold despite Chinese slowdown

Haitian International recorded revenues of $603.2 million (approx. £390 million GBP) for the six months ending 30 June 2015, representing one percent growth compared to the first half of 2014.

The company said despite the slowdown in China’s growth momentum, its change of focus to all-electric machines for smaller machines and two-platen designs for larger tonnages was a positive move.

“Benefiting from well market acceptance of our all-electric and two-platen machines, we achieved a growth of domestic sales compared to first half of 2014 by 3.1 percent to $408.2 million (approx. £265 million GBP) and further reinforced our leading market position in China,” commented Zhang Jianming, Executive Director and CEO of Haitian International.

“We respond to the current tough business environment by continuous enhancement of competitive edges in technology innovation, brand reputation, product quality and service standards.”

In the first half of 2015, the sales of the company’s all-electric Zhafir Venus Series (400-6,500 kN) increased by 25.9 percent and the servo-hydraulic two-platen Haitian Jupiter Series (4,500-66,000 kN) increased to 64.2 percent compared to the same period in 2014. Its servo-hydraulic Haitian Mars Series reached sales of 130,000 units since its launch in 2007.

The company’s export sales figures dipped by 3.2 percent compared to the same period in 2014, however, at $182.7 million (approx. £118 million GBP) still represent the second highest level of export sales in its history.

“Looking ahead, we will continue to tackle the challenges amidst uncertain economic environment through our long term committed strategies in increasing sales mix in all-electric and two-platen solutions. We will speed up product innovation to address customers’ needs, further improving product quality and enhancing our pre-sales and after-sales services,’ Jianming concluded.