Affected by the market, the profit of the company's industrial electric heater sales declined in 2012, and the sales of ordinary electric heaters have decreased significantly. The performance of the three quarters of 2013 will gradually increase year-on-year. With the introduction of new products such as explosion-proof electric heaters in special operating conditions, customer sales have gradually picked up, and industrial electric heaters have expanded into oil and natural gas fields. The company is going through a low profit, and its performance is rising in 2013.
Sales of heaters for water heaters, PTC and other products picked up. The company's electric heaters accounted for more than 50%. Swan Refrigeration, Xuchang Xu Ji, and Hefei GM were the top three customers. At the same time, the company vigorously expanded the market for water heaters, marine electric heaters, explosion-proof electric heaters, desulfurization electric heaters, and high-speed rail electric heaters. Substantial results have been achieved in the research and development of high-speed rail car heaters and electric vehicle PTCs.
Industrial electric heaters have successfully switched from ordinary electric heating to the oil and gas market. Industrial electric heaters used in petroleum, petrochemical, natural gas and other fields mainly use well-known foreign brands. However, the actual conditions of oil and gas extraction and transportation are much better than the polysilicon purification process, and Yuxing Electric products are fully capable of meeting its technical requirements. Most of the customers in the oil and gas and petrochemical fields are large state-owned enterprises. Enterprises are less sensitive to sales prices and have higher requirements on technology and security. At present, only a few domestic companies have international explosion-proof electric heater qualifications, while the technology of other domestic companies has a large gap compared to Yuxing Electric. Entering the petrochemical and oil and gas fields is mainly due to the competition between the company and international competitors. The gross profit margin of heaters in the oil and gas industry is expected to remain at a high level. Optimistic about the company's broad market for industrial electric heaters in the oil and gas industry.
Promote and reform, enter the oil and gas equipment in order to seek long-term growth space.According to national industrial policies and local government support, the company finally selected oil and gas processing and offshore equipment as the main direction of product structure transformation and upgrading. In the field of industrial equipment, we will realize the transformation and upgrading of our main business, and transform our oil and gas equipment suppliers from the leader of the ordinary electric heating segment.