Chint Group will focus on industrial control in th

2022-10-19
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Chint Group: in the next ten years, it will focus on the field of industrial control.

Hexun news, chairman of Chint Group Nan Cunhui said in an interview that low-voltage electrical appliances should be said to be a very basic consumer goods, which should be used in all walks of life, especially its characteristics: the faster the economic development, the more analysis and testing of materials such as spring industry, steel wire industry, rubber and plastic industry, and the slower the development, he can't use them, Because it is inseparable from everyone's life and production

Chint's mergers and acquisitions fall into several categories: 1 Improve their own product line. For example, select some supply products, automation field, etc. 2. High technology. There are some high-tech projects, such as mergers and acquisitions, or R & D projects that may be upgraded in the next three years, molding recycled materials into finished products in the general direction of upgrading in five or even ten years. 3. Go out, expand the scale and occupy the market. This is also the need for technology integration, so it is in the domestic and foreign industries or high-tech

text shorthand record is as follows:

Hexun: Hello, President Nan, welcome to the lens of Hexun again to communicate with friends. I have noticed that in recent years, the price of low-voltage electrical appliances should be said to be low, but recently, the price of bulk commodities, that is, the raw materials needed by our company, has decreased. I'd like you to talk about the optimization of our product structure and cost control in combination with this macro background

thank you

Nan Cunhui: low voltage electrical appliances should be said to be a very basic consumer goods, which should be used in all walks of life, especially its characteristics: the faster the economic development, the more they are used, and the slower the development, they also need to be used. He can't do without it, because it is inseparable from everyone's life and production. All need electricity, which means electrical appliances. Electrical appliances are particularly close to the vast number of users and consumer groups. Although it is not more direct, it is indirectly used in a large number of ways, so the performance of the low-voltage electrical appliances industry will not rise very high or fall very fast. It has a process. Among them, technology can promote its sustainable development. Our policy is the same. In recent years, we rely on innovation to promote its development. From the product structure to the final industrial structure, it is constantly upgrading and innovating. Especially now, the integration of information technology and Internet technology will be more obvious in the future, so there are many product structures, including some product innovations brought about by some consumption patterns, so Chint has been making unremitting efforts in recent years

Hexun: because the raw materials have been reduced after all, our cost should also be good news for us

Nan Cunhui: Yes. Now, because our scale is the largest, it must be good news when raw materials decline. But in this area, we will make some adjustments with its ups and downs, so in this process, we need to maintain a stable trend of continuous improvement, which depends on innovation. For example, how to reduce the consumption of raw materials, improve the content of science and technology, and change the structure should be combined with innovation, so the combination of scale and innovation will produce good results

Hexun: I know that the market potential of industrial control field is also relatively large. We Chint may also be making a march in the field of industrial control automation, and we also acquired Xinhua control before. I want to ask what kind of plans we have in this field

Nan Cunhui: Yes, now the country is also formulating the 13th five year plan, which is also being done in the industry and our system. Now we are also doing the 13th five year plan and the development outline of the industry in the next decade 2025 on behalf of the low-voltage control ring automatic switching electrical appliance industry. In this way, we just summarize, review, learn, and then collide. Now we are also actively promoting and advancing this work. In particular, we should focus on software. We used to do hard work and combine soft work. Through control automation, how to integrate informatization and automation with our industrialization? In this way, we should say that there will be a lot of industrial control technology products in the future. On the one hand, we seize these opportunities through our own innovation, and on the other hand, through mergers and acquisitions

it should be said that in the future, through the innovation and development of high technology, this must be a direction and a path. The innovation and development in the future must show this kind. After the integration of informatization and automation, it should be a comprehensive improvement and promotion of intelligence and intelligent manufacturing. Therefore, in the field of automation and informatization, especially in the field of industrial control products, we think there will be a lot of actions to follow

Hexun: Yes. In fact, because the low-voltage appliance is relatively stable as a tap, you are also proposing to do extension. I want to ask, you just said that there may be some mergers and acquisitions in the future. Not to mention specific, that is, what kind of targets can enter your eyes? Is when you are considering

Nan Cunhui: we now have a specific working group in charge of some things. We are just talking about such a direction. Specifically, whether the working group has different project conditions for the company's first quarter net profit to increase by 35.71% month on month under the leverage of operating leverage, or whether some mergers and acquisitions meet some of our direction requirements, etc. This may be implemented in stages and different projects, but I'm not specifically operating it. Maybe when the board of directors comes to make a decision on my side, if we decide, we must tell you at the first time and report to you first. Through you to help us announce it, there must be this procedure. It hasn't come here yet, but there are quite a lot of things in progress

Hexun: at the beginning, you also said that low-voltage electrical appliances are actually the most basic product, so when making future plans, we should still adjust products, such as high-end products. The purpose of mergers and acquisitions is still in this. Right

Nan Cunhui: Yes, these too. We now divide mergers and acquisitions into several categories: 1 Improve their own product line. For example: just now, choose some supply products, automation field, etc. That is to say, our product line is not enough, we need to improve it. 2. High technology. There are some high-tech projects, and there may also be such projects that will be upgraded in the next three, five or even ten years, which are in line with the general direction of upgrading, such as mergers and acquisitions, or investment in research and development. 3. Go out, expand the scale and occupy the market. This is also the need of technology integration, so we have many aspects of domestic and foreign industries or high-tech. But our main business is advancing

Hexun: last question, President Nan. I noticed that the overseas market performance in our semi annual report is still good. You just said that there may be some extension development. If it is like trade protectionism overseas, do you think there will be some; Because Schneider was a long time ago. Will you fear or be threatened by them when doing extension in the future

Nan Cunhui: that's not true, because in the process of our development, this pace of internationalization must be accelerated and strengthened, because you can't avoid economic globalization. I said: even if you don't go out, the international market is at your door. Similarly, they will come to compete with you. So I think the process of enterprise development is also a process of gradual learning and gradual growth, and you must abide by the rules of the game

like joining the WTO, you must abide by the rules of the WTO. In the future, when Chint fully integrates globalization and moves internationally, we must face it. You're afraid it's useless. So we are learning from our rivals and these excellent multinational companies. At the same time, we are also analyzing where they may have gaps. We have the opportunity to give play to some of our strengths and our advantages. At this time, I believe that as long as we are diligent in learning and good at innovation, I want to build our platform and make good use of our mechanism, whether it is domestic, our own compatriots, or other foreigners when they go overseas and globally, regardless of skin color, language, nationality, as long as they come to the Chint platform to start a business together, I believe that as long as we have this idea to integrate everyone's strength, I believe that in the process of increasing and accelerating the pace of internationalization, we will be able to face it bravely and we will not be afraid

Hexun: Yes. Mr. Nan, thank you for your time and views

Nan Cunhui: good

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