Yoantion Industrial Achieves Strong Q1 Revenue, Driven By Technology

Source: Listed Company Network

Since its establishment, Yoantion Industrial has focused on the R&D, production, and sales of new energy-efficient and environmentally friendly stenter machines and related textile equipment. After years of operation and development, the company has formed a multi-product matrix centered on stenter machines while also expanding into automatic sewing machines, high-temperature intelligent dyeing machines, and dust and oil removal heat recovery equipment. It has acquired a range of technologies and patents related to its core business. Leveraging product and service quality, the company has built a strong brand reputation among downstream customers. As a national high-tech enterprise and a specialized small giant, Yoantion recognizes that technological innovation is fundamental to its survival and growth, consistently prioritizing the construction and improvement of its R&D system. The company has established strong product R&D and design capabilities by relying on key enterprise research institutes and provincial high-tech R&D centers in Zhejiang. It has mastered numerous key technologies, including "Hot Air Stenter Control Systems," "Automatic Filtration Technology," "Automatic Alignment Technology," "Automatic Sizing Technology," "Heat Recovery Technology," and "Thermal Field Optimization Technology", demonstrating significant advantages in independent innovation. Thanks to its excellent product quality, the self-developed "Y9000 Dual-layer High-efficiency Energy-saving Digital Stenter" was included in the "2021 Annual First Product List of Zhejiang Province." The "Y2088 Series Hot Air Stenter" is recognized as a provincial-level new industrial product, having passed relevant certifications as a "First Product in Key Fields of Zhejiang Equipment Manufacturing" and "Zhejiang Energy-saving Product." The company's "New Non-thermal Oil Hot Air Stenter" has received accolades such as the "Major Scientific and Technological Special Project from Provincial Key Enterprise Research Institute" and "2018 First Product in Key Fields of Zhejiang Equipment Manufacturing." The company has also received the Second Prize of the Shanghai Science and Technology Award and the First Prize of the China Textile Industry Association Science and Technology Award. Focusing on Q1 this year, the company's operational performance is commendable. The announcement shows that Yoantion Industrial achieved operating revenue of 139 million yuan, a year-on-year increase of 32.39%; net profit attributable to shareholders reached 12.98 million yuan, also up 41.64%. Benefiting from successful market expansion, the company experienced double-digit growth in both revenue and net profit. Notably, industry insiders indicate that since the second half of 2023, downstream customers have shown increased confidence in the future market. Against this backdrop, with improvements in management, expanded production scale, and the implementation of cost reduction and efficiency enhancement measures, Yoantion Industrial is poised for even greater development.

With the recovery of the global economy, stable operation of China's economy, and steadily increasing residents' income and consumption capacity, the overall revenue of the textile machinery industry is expected to grow steadily. As downstream markets increasingly demand higher quality textile products, the demand for mid-to-high-end textile machinery will continue to rise, and the transfer of the textile industry will create new market opportunities, further increasing China's market share in textile machinery. After years of market development and customer accumulation, Yoantion has become a supplier to well-known enterprises such as Shenzhou International, Yingfeng INC, and Yunzhongma INC. The company's products have a strong brand strength and benefit a good reputation in the domestic market. The "Hot Air Stenter" has been recognized as a "Zhejiang Provincial Famous Product" by the Zhejiang Provincial Brand Strategy Promotion Committee. Yoantion is actively expanding its market presence, having established a comprehensive sales network in key textile provinces such as Zhejiang, Guangdong, Fujian, Jiangsu, and Shandong. To accelerate its international market development, Yoantion has set up a dedicated foreign trade department to strengthen its international market presence, which is already showing initial results. 2024 is a crucial year for Yoantion's development. The company, based on its core values of "Quality, Integrity, Innovation, Dedication," aims to promote high-quality development in the textile industry and create a high-quality life. It has set mid-to-long-term operational goals. In the future, the company will focus on market orientation, stabilizing and expanding its domestic market share while actively exploring overseas markets. This strategy aims to establish an international business model centered on equipment R&D, production, and sales, supplemented by maintenance and parts supply, paving the way for continuous strides in high-quality development.