South Pumps: Layout of water pumps, expansion of new production capacity

October 22, 2011 South Pump announced the third quarter report:

During the reporting period, operating income was 251 million yuan, an increase of 33.84% year-on-year; total profit was 34.842 million yuan, an increase of 40.03% year-on-year; net profit attributable to owners of the parent company was 27.965 million yuan, a year-on-year increase of 37.71%.


Sales volume has increased significantly and future capacity expansion is guaranteed.

At present, the company has a production capacity of 400,000 sets of stainless steel stamping centrifugal welding pumps. Its sales volume is expected to exceed 400,000 units this year, and its annual operating income will increase by more than 40%.

The company plans to invest 350 million yuan to build an annual output of 300,000 sets of stainless steel centrifugal pump production base, the production capacity is expected to increase significantly in the next 2 years, but overall there is still a big gap between the world's leading pump production capacity. In terms of product structure, in the future, the company is expected to realize the layout in the field of water pumps (hydroelectric power station pumps and agricultural pumps) by virtue of the Changhe water pump, and it will help the company participate in the construction of water conservancy projects. The gross profit margin remained stable throughout the year and sales expenses increased significantly.

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