Recently, TBEA announced its annual report for 15 and a half years. In the middle of 2015, the operating income reached 18.594 billion yuan, with a year-on-year growth of 8.92%, and the net profit attributable to the shareholders of the parent company was 1.11 billion yuan, with a year-on-year growth of 21.03%. In terms of the second quarter of 2015, the operating revenue reached 10.059 billion yuan, with a year-on-year growth of 8.53% and a year-on-year growth of 17.86% compared with the first quarter of this year. Net profit was 561 million yuan, up 16.85% year-on-year and 2.16% quarter-on-quarter. The company forecast that it would strive to achieve the operating revenue of 42 billion yuan and operating cost control within 34 billion yuan in 2015.
The revenue of power transmission and transformation complete set increased by 79.09% year on year, exceeding the expected growth, and will continue to maintain high growth. In the first half of the year, the company's complete power transmission and transformation engineering business realized an operating income of 2.58 billion yuan, with a year-on-year growth of 79.9%, and its gross profit margin decreased by 4.2 percentage points to 25.84%, achieving a growth higher than expected. The company's complete power transmission and transformation project has obvious competitive advantages, rich project reserves, and has a high reputation in central Asia, South Asia, Africa and other regions. At the end of last year, the company's accumulated orders for overseas power transmission and transformation projects exceeded 3 billion us dollars. Under the national strategy of One Belt And One Road, the progress of overseas power transmission and transformation projects has been accelerated, and there will be more opportunities in the future. It can be said that the business can maintain high growth in three years. The gross profit margin decreased slightly year-on-year, mainly due to the increase of overseas labor cost and procurement cost, and related to the project confirmation schedule.
In the first half of the year, the revenue of transformer products and power line and cable products decreased by about 10%, and the gross profit margin increased slightly, which will be improved in the second half. Transformer business operating income is 4.885 billion yuan, down 6.62% year-on-year, gross margin rose from 0.39% to 25.3%, the transformer in the first half of the decline in the first half of the business income mainly power grid investment also fell slightly, while in the first half of the slow delivery, macro economic weakness also influence the demand of the transformer used in industry, investment in the second half of the power grid will be accelerated, uhv construction further acceleration in 2015, including two ac and dc, this year a new batch of change especially electrician on uhv transformer and reactor has obvious advantages, will continue to benefit from the uhv in the future of intensive construction, Will bring the company a larger increment, we expect that the transformer revenue can be flat, the future to maintain a relatively stable. The transformer's gross profit margin improved a little year on year, mainly due to the continuous decline of commodity prices, especially the continuous decline of copper prices to improve the gross profit margin has a great help, at the same time, the company to strengthen fine management. The operating income of wire and cable products is 2.754 billion yuan, down 9.07% year on year, and the gross profit margin is up 0.67 percentage point to 11%. The situation of wire and cable business is similar to that of transformer, which will remain relatively stable in the future.
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