With cross-border sales soaring, Giant Star Technology expects net profit of 726 million in the first half of the year!

As a company specializing in the development, production and sales of mid-to-high-end hand tools, power tools and other tool hardware products, Giant Star Technology 's scale, technology, channels, etc. are at the leading level in the domestic hardware industry.

Yesterday, Giant Star Technology Co., Ltd. released its performance forecast. The company expects the net profit attributable to shareholders of the listed company in the first half of 2021 to be approximately 682 million yuan to 726 million yuan , an increase of 8% to 15% over the same period last year ; basic earnings per share will be 0.6180 yuan to 0.6581 yuan.

Although the first half of 2021 was difficult, Giant Star Technology still insisted on moving forward on the muddy road.

The announcement pointed out that under the influence of three unfavorable factors: the rapid appreciation of the RMB exchange rate, the second outbreak of the epidemic in Southeast Asia , and the rising international logistics costs , and against the backdrop of significantly increased demand and insufficient supply in the world, especially in North America , the company has accelerated its efforts to seize market share and take its performance to a higher level.

Faced with various difficulties, Giant Star Technology overcame numerous difficulties and came up with response plans such as selling personal protective equipment, ensuring the normal operation of the Southeast Asian production base, and negotiating prices with customers , achieving great strides in development amid adversity!

The forecast shows that in the first half of 2021, the growth rate of some of the company's businesses was significantly higher than that of other sectors, among which cross-border e-commerce continued to maintain rapid triple-digit growth , and laser measuring instruments grew by more than 50%. The 2020 annual report of Giant Star Technology shows that laser measuring instruments achieved revenue of 513 million yuan.

At the same time, Giant Star Technology has not stopped developing its own brands . The forecast shows that the company's own brands are expected to account for more than 40% of its sales for the first time in the first half of the year. The 2020 annual report also shows that the sales revenue of brands such as Workpro and Pony has increased significantly, and the sales revenue of its own brands has increased by 12.52% year-on-year, reaching 2.6 billion yuan.

It is not difficult to see from the 2021 semi-annual performance forecast released by Giant Star Technology that Giant Star Technology is still working hard to achieve its goals. In early June, Giant Star Technology issued an announcement on the progress of the asset acquisition, and it has completed the asset delivery with BeA and the asset acquisition transaction has been completed. This is also a key step for Giant Star Technology to take towards global layout, which has extraordinary significance for Giant Star Technology.

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