Chinese Smart Manufacturer JANUS Quintuples First-Half Profit
Zhang Xia
DATE:  Aug 29 2017
/ SOURCE:  Yicai
Chinese Smart Manufacturer JANUS Quintuples First-Half Profit Chinese Smart Manufacturer JANUS Quintuples First-Half Profit

(Yicai Global) Aug. 29 -- Guangdong JANUS Intelligent Group Corp. Ltd. [SHE:300083] saw first-half revenue and profit soar thanks to continuous sales growth of high-end equipment products.

The firm's interim report, published on Aug. 28, shows that first-half revenue leapt 32 percent on the year to CNY3.17 billion (USD480 million), while net profit surged 501 percent to CNY303 million.

Continuous sales growth in high-end products, such as numerically-controlled machine tools and consumer electronics precision structural components for, were responsible for the increase, the company said.

Income from precision components increased by 10 percent compared with the same period last year, reaching CNY1.9 billion, while high-end products maintained their momentum, rising 67 percent to CNY1.25 million.

JANUS is a leading supplier of products and services for consumer electronics precision structural components in China and has two other core businesses: high-end equipment manufacturing and smart manufacturing services. Its consumer electronics division mainly provides components for smartphones, tablets and virtual reality equipment.

During the first half, the company focused on promoting the development of its equipment making and smart manufacturing services.

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Keywords:   Guangdong JANUS Intelligent,Financial Performance,Smart Manufacturing