A number of major breakthroughs have been achieved in overseas markets

Public information shows that Zhongcong Technology was established in 1999, is a process industry intelligent manufacturing overall solution provider. At present, the company’s products and solutions have been widely used in oil and gas, petrochemical, chemical, electric power, pharmaceutical, metallurgy, building materials, paper, new materials, new energy, food and other industries, including a number of tens of millions of tons of oil refining, million tons of ethylene, million tons of aromatics, large coal-to-olefin projects.

In fact, in overseas markets, central control technology has a certain competitive advantage.

The company continues to increase its market layout and development in Southeast Asia, the Middle East, Africa, Eurasia and other overseas regions, set up subsidiaries in Singapore, Saudi Arabia, Japan, the Netherlands, India, Malaysia, Indonesia and other countries, and continuously improve overseas localization operation capabilities to provide overseas users with better services. The company’s core products have been successfully applied to more than 50 countries.

The company’s semi-annual report disclosed that in the first half of 2023, Zhongkong technology achieved a number of major breakthroughs in overseas markets, and the company achieved a new overseas contract of 304 million yuan, an increase of 109.6%.

According to Zhongcon Technology, the company’s cooperation with Saudi Aramco, Shell, BASF, ExxonMobil and other international high-end customers is deepening, and successfully won the bid for the digitalization project of Saudi Aramco Holding company and the world’s largest single shipyard Saudi International Maritime Industry Group, which marks the company’s outstanding ability to empower the intelligent construction of the world’s top large-scale shipyards. It is a major breakthrough for the company in the overseas market.

In addition, the successful acquisition of instrument orders such as pressure transmitters from Kuwait Petroleum Company demonstrates the company’s excellent strength in the field of autonomous instrument products.

“The company is actively seeking cooperation with high-end products and technology suppliers in the global industry, and will continue to provide intelligent manufacturing solutions for the global market and users, and continue to expand the international ecosystem and global layout operation capabilities.” Central control technology.

In the domestic market, Zhongcong technology has also been a leader in the field of process industrial automation. According to Rui Industry statistics, in 2022, the core product of central control technology distributed control system (DCS) in the domestic market share of 36.7%, an increase of 2.9 percentage points over the market share in 2021, ranking first in the domestic DCS market share for 12 consecutive years.

With the advancement of China’s industrial digital transformation, the core competitiveness of Zhongkong technology products, technologies and solutions has been further strengthened, the depth and breadth of customer service has been significantly improved, and the acquisition of orders has increased year-on-year, promoting the steady improvement of the company’s profitability.

In the first half of 2023, Zhongkong Technology achieved operating income of 3.641 billion yuan, an increase of 36.54%; Net profit and non-net profit were 511 million yuan and 424 million yuan, respectively, up 62.88% and 77.71% year-on-year.

In the first half of 2023, the R&D cost of Zhonghong technology was 406 million yuan, an increase of 48.2%, accounting for 11.16% of the current operating income, an increase of 0.87 percentage points.