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5 Cards in this Set
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Currency sorter, a kind of financial machines and tools, mainly consists of banknote sorter and coin sorter.
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Market demand for currency sorter in China came in full swing from 2005, and sales revenue has reached RMB 7.532 billion as of 2013, growing at a CAGR of 64.42% (2005-2013). The boom in demand for currency sorter in China is largely due to strong drive by banking needs, maturity of banknote sorter technology and guidance of central-bank policies, notably the “Timetable for Banknote Sorting in Full” issued by China’s central bank in 2013.
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From competition pattern of China currency sorter market, before the year 2004, foreign brands including German Giesecke & Devrient GmbH, Japanese Glory and Laurel occupied the entire Chinese market, with large and medium-sized currency sorters being hit products; after 2005, Chinese local players grew rapidly in small currency sorter field and started to replace imported medium-sized currency sorters. By 2013, local brands accounted for about half of the currency sorter market share in China.
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As a representative company among local brands, Liaoning Julong Financial Equipment Corp. entered small banknote sorter field in 2004 and realized sales of medium-sized banknote currency sorter in small quantities in 2013. In the first quarter of 2014, the company registered revenue of RMB 96 million, soaring by 125.51% over the previous year, of which RMB 78.93 million or 85.62% of the total revenue, came from sales of currency sorters. Its net income attained RMB 19.10 million, up 92.91% from a year earlier.
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Purchase a copy of this report @ http://www.chinamarketresearchreports.com/contacts/purchase.php?name=114803 .
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By virtue of its technology advantages in financial equipment, GRGBanking established Intellicash in December 2012, which specializes in R&D, production, sales and services of currency sorter. In 2013, the company sold 2000 or so currency sorters, and recorded sales revenue of RMB 73.74 million, making up 2.93% of the company’s total revenue, with gross margin of currency sorters reaching 40.71%.
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Hebei Huijin Electromechanical Co., Ltd. started its R&D on banknote sorter in 2010, and was successfully shortlisted for public bidding of Bank of China in 2011, starting to get involved in small banknote sorter field. In Jan.-Nov. 2013, the company reported revenue of RMB 154.25 million, growing up by 4.73% year on year, and net income of RMB 41.16 million, up 1.63% against the previous year. The company planned to go public in 2014.
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On August 5, 2013, Shandong New Beiyang Information Technology Co., Ltd., which provides automated self-service system and equipment, announced that it acquired 51% stake of Anshan Bozong Science & Technology Co., Ltd, thus jump-starting the banknote sorter business. In 2013, Anshan Bozong realized revenue of RMB 23.60 million, and contributed net income of RMB 8.9072 million to New Beiyang, 3.78% of the latter’s total net income.
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View Complete Report @ http://www.chinamarketresearchreports.com/114803.html .
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Browse Business & Financial Services Report @ http://www.chinamarketresearchreports.com/cat/business-financial-services.html .
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