On March 23, Boshen Tools announced the first quarterly report for 2010. The company achieved operating income of RMB 87,14.53 million in the first quarter, a year-on-year increase of 25.84%, and a net profit of RMB 10,165,700, a year-on-year increase of 52.56%. According to the company announcement, the company signed a technical cooperation agreement with Shanghai Electric Tools Research Institute on April 21, 2010. The two parties jointly established the “Boss Tools Co., Ltd. Power Tools Product R&D Center†in Shanghai to jointly develop high-end power tool products. Research and development.
According to the company's quarterly report, the company continued to strengthen the work in this quarter on the basis of scientific and technological innovation and internal potential tapping measures in 2009. The company's costs and expenses were better controlled, and net profit increased by more than 50%. %. At the same time, the company expects the net profit level in the first half of the year to increase by 20% - 50%.
In addition, through technical cooperation with Shanghai Electric Tools Research Institute, the R&D capability of Boshen tool power tool products will be enhanced, and the speed at which new products will be put on the market will be accelerated. The technical and technological level of the company's power tool products will reach the domestic leading level and rapidly expand. The scale of business of power tool products. The cooperation between the two parties will speed up the development of the company's power tool products, improve the product line, improve product quality, improve the company's power tool product research and development level and manufacturing capabilities, and have important strategic significance for promoting the company's power tool business development.
Boshen Tools is the largest diamond tool manufacturer in China. The company has established Hebei Diamond Tools Engineering Technology Research Center. The diamond tool research and development and technical level are at the domestic leading level. Boshen tool products cover three series of diamond tools, power tools and alloy tools. The company said that on the basis of the domestic scale of diamond tool business and technology level, the company will strengthen the research and development strength and technical level of power tool products in various ways. Overtake the excellent foreign power tool manufacturers, locate the middle and high-end market of power tools, use the company's brand and channel advantages, and rapidly expand the business scale of the company's power tool products, making power tools another important factor after the company's diamond tools. The source of profit growth.
According to the company's quarterly report, the company continued to strengthen the work in this quarter on the basis of scientific and technological innovation and internal potential tapping measures in 2009. The company's costs and expenses were better controlled, and net profit increased by more than 50%. %. At the same time, the company expects the net profit level in the first half of the year to increase by 20% - 50%.
In addition, through technical cooperation with Shanghai Electric Tools Research Institute, the R&D capability of Boshen tool power tool products will be enhanced, and the speed at which new products will be put on the market will be accelerated. The technical and technological level of the company's power tool products will reach the domestic leading level and rapidly expand. The scale of business of power tool products. The cooperation between the two parties will speed up the development of the company's power tool products, improve the product line, improve product quality, improve the company's power tool product research and development level and manufacturing capabilities, and have important strategic significance for promoting the company's power tool business development.
Boshen Tools is the largest diamond tool manufacturer in China. The company has established Hebei Diamond Tools Engineering Technology Research Center. The diamond tool research and development and technical level are at the domestic leading level. Boshen tool products cover three series of diamond tools, power tools and alloy tools. The company said that on the basis of the domestic scale of diamond tool business and technology level, the company will strengthen the research and development strength and technical level of power tool products in various ways. Overtake the excellent foreign power tool manufacturers, locate the middle and high-end market of power tools, use the company's brand and channel advantages, and rapidly expand the business scale of the company's power tool products, making power tools another important factor after the company's diamond tools. The source of profit growth.
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