China United Electric's net profit declined

According to a semi-annual report recently released by China United Electric (002323), in the first half of 2012, the company achieved operating revenue of 140 million yuan, an increase of 12.54% over the same period of last year, and a net profit of 2.8196 million yuan, a decrease of 9.55% over the same period of last year.

According to the announcement, during the reporting period, the company further increased investment in R&D. The company’s ability to develop new technologies and new products was continuously enhanced, and nine utility model patents and one design patent were obtained. Among them, China's largest capacity 8000kVA mine explosion-proof mobile substation has been successfully developed, and this product has now achieved explosion-proof certificate and safety certificate.

In the coming period, the company will control the costs and reduce operating costs according to the business objectives set at the beginning of the year; increase the recovery of accounts receivable and improve the ability to deal with operational risks; strengthen the construction of sales team for the cable project and strengthen internal management. , improve the overall quality of the sales team; improve research and development capabilities, and tap products with market development potential.