Ruizhi Precision Compressor's September Revenue of 1.269 Billion Yuan

Benefited from the orders from Continental, Gree, Hisense, Haier, and TCL, Airmax Precision Compressors shipped and received revenue from Qingfeng. The September revenue was 1.269 billion yuan, an increase of over 40% year-on-year. The legal person stated that this year, Reiz’s revenue, shipments, and profit will reach a record high, and revenue will exceed 14 billion yuan, with a two-digit growth period.

In addition to compressors used in air-conditioning, Ruizhi has more compressors for dryers this year, mainly for exporting to European brand manufacturers. The newly-launched commercial heat pump water heaters will be dominated by the cross-strait market and will become the three main revenue drivers in the future.

Ruizhi Precision consolidated revenue of RMB 12.521 billion in September, an increase of 34.88% year-on-year. Rui Zhi stated that even in the second quarter of September, Rui Zhi’s production rate interest rate was as high as 90%, mainly from the orders of the five major air-conditioning plants in the mainland, and the increase in orders of Japan’s strategic partners for Sharp’s production of air-conditioning products next year. In preparation for the September revenue, there was a significant increase over the same period of last year.