As a gas water heater industry's biggest, gas appliances co., Ltd. Guangdong macro in existing industries on the basis of steady development, actively explore new areas of growth, development prospects.
Macro gas appliances co., Ltd. has a gas appliance industry unique China well-known trademark "macro", as well as Guangdong famous trademark "shunte" leading industry leads the industry. The company is a domestic as well as Southeast Asia's largest gas appliances and water heater production base of the "macro" card 13 consecutive gas water heater with ranks first in the country. As a gas water heater industry leader, the company took the lead in achieving product carbon escalation, 2005 years research and development to produce the first condensing gas-fired water heaters, exhaust gas utilization; last year the company has introduced a domestic first set of "integrated household gas-fired central hot water system", has adopted a pioneering preheating cycle technology, environmental effect. Warmer by economic and national introduction of home appliances to the countryside policy favourable factors, gas appliances industry ushered in the good momentum of rapid development. In 2009, the company won the bid of 25 home appliances to the countryside products, this year there are 6 product won the bid to open up the rural market has laid a good foundation. In the first quarter of this year gas appliances company sales showed strong growth momentum, the indicators better completion, sales rose by nearly 80% of handset sales continuous breakthroughs billion yuan mark, constantly refresh history. With the national subsidy measures, industry needs gradually enlarge, company water heater business is expected to grow rapidly.
The company recently with three new holding agreement to 286 million to its holdings of Guangdong new Yao-photoelectric 20% stake, equity transfer, the company's equity interest in the new Yao-photoelectric will increase to 25%. New Yao-optoelectronics is a third generation high spot type (HCPV) solar power modules and power generation systems development, design and industry into a core business of the high-tech companies. Solar technology threshold requirements are higher, there are no mature domestic HCPV equipment manufacturers, the company is currently the sole ownership of core battery module. This equity acquisitions help companies entering the field of solar photovoltaic inverters for the company and the development of new energy production, household electrical appliances comply with the national industrial policy direction and company development strategies. At the same time, the company's shareholding in the new photo that Yao Company may be in the field of solar energy as greater investment initiatives, did not rule out future shareholder further into the remaining shares listed on the possibility that HCPV industrialization is expected to become the company's new profit growth point.
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