More R&D Investment for Prosperous Future

The machinery equipment industry has beenfacing unprecedented challenges and lots of uncertainty in 2020 due to the COVID-19pandemic and unpredictable global political situation.

For YIZUMI, many changes and adjustments underwent in 2020. In any case, the strategic objective “To be the industry’s best cost-effective solution provider with leading technology” has guided YIZUMI along the way. Since the beginning of this year, YIZUMI follows strategic direction and new investment in terms of R&D innovation, digitalization, and global layout is carried out.

According to the third-quarter financial report, the total operating income of YIZUMI increased by 15.88% year on year to CNY 1.878 billion, and the net profit attributable to shareholders increased by 21.73% over the previous year to CNY 217 million. Among them, the operating income in the third quarter reached CNY 808 million, and the net profit attributable to shareholders achieved CNY 116 million, both hitting records high for a single quarter.

Most importantly, YIZUMI continued to maintain high investment in R&D in the reported financial period. Taking up 5.27% of the total operating income, YIZUMI R&D investment is about 99 million CNY, a 36.8% increase year on year, which reflects YIZUMI’s confidence in future development. Moreover, the “YIZUMI Global Innovation Center”, in which we plan to invest around CNY 100 million, was topped out in May. With the estimated completed time at the end of 2021, it will provide a global platform for not only new material testing and new processing technology, but also R&D of our latest products, which lead YIZUMI towards deeper and broader innovation in the future.

Besides that, YIZUMI also expands its investment in the aspect of quality, efficiency, and capacity improvement. This year, the construction of YIZUMI new intelligent factory in Shunde was launched. It will be our number 3 factory in Wusha, Shunde -an intelligent factory that runs 24 hours a day in the future which IT technology will facilitate order processing, product design, production, logistics, final assembly, delivery, etc. We will adopt the assembly line production similar to that in the automobile industry to produce machines.

2020 is about to come to an end. YIZUMI has experienced many challenges but also have plenty of opportunities. Looking ahead, there may be many uncertainties in the global economy and related industry. However, YIZUMI has great confidence and determination to overcome those difficulties. We insist in long-term development concept strategy and will continue to strengthen our technical competitiveness through R&D investment in order to provide the best cost-effective solutions to our global customers.