Zhejiang Hengjiu Pump Industry Co., Ltd. officially launched its official website in 2017

The performance in the first half of 2016 showed a significant improvement in the overall revenue of the company. Intensify investment in technological innovation, digital solutions, and services to pave the way for a new round of growth.    

Despite the market being almost stagnant, the company's EBIT increased by 29 percentage points compared to the first half of 2015, rising from 637 million Danish kroner (642 million yuan) to 824 million Danish kroner (830 million yuan). The company's revenue is close to 11.6 billion Danish kroner (11.68 billion yuan), compared to 11.9 billion Danish kroner (11.987 billion yuan) last year.  

We are still on the right track in terms of revenue, which is an important prerequisite for our future investments and an unbeatable position in an increasingly competitive environment. The targeted efforts made in reducing production and material costs, adjusting prices, and improving product portfolios have significantly increased the company's profits, while we will still pay close attention to fixed cost investment. We are quite satisfied with the progress made in revenue in the first half of the year, but we still need to achieve further growth in sales, which is a long way to go in today's difficult market situation, "said Nads Nipper, the group president.  

China and other Asian markets, including India, have begun to rebound. The vast majority of Latin American countries are also showing positive signs, with steady growth in OEM sales targeting large boiler manufacturers. After a strong performance in 2015, sales in the US market began to decline, while the challenges faced by the Russian region continue, and sales in Europe remain at last year's level. Sales in the Middle East have declined due to the negative impact of oil prices.  

We still adhere to the group's 2020 strategy, striving to build Grundfos into a stronger system supplier and bring more comprehensive knowledge sharing to customers, "Mads Nipper continued  
In the future, we will focus more on digitization, services, and new technological innovation, hoping to further strengthen our leadership position in the market. This is one of the major changes for Grundfos and a once-in-a-lifetime opportunity to solve water supply problems for the world and play a greater role in the face of global climate change challenges, "Mads Nipper explained.