Raywin Soars 43% in First-Half Revenue, Driven by Robust Domestic and International Market Growth
Raywin Registers Robust Market Performance, Achieving Leapfrog Growth Driven by Both Domestic and International Markets
Amidst the global economic recovery and favorable national policies, Raywin Engine Co., Ltd. has delivered an impressive first-half performance fueled by its exceptional market insight and robust innovative capabilities. The company's overall revenue surged by an impressive 43% year-on-year, showcasing a comprehensive blooming across both domestic and international markets, indicative of a robust growth momentum and vast development prospects.
- Domestic Market: Deep Cultivation and Remarkable Achievements
In the domestic market, particularly in the power generation sector (with a focus on emergency flood control), Raywin closely followed national policy guidance and actively responded to the trillion-yuan national bond subsidy policy, effectively grasping market opportunities. This resulted in a staggering 300% increase in overall market share.
- Concurrent Product Integration and Technological Innovation
During the first half, the company successfully completed the integration of Euro V-compliant products below 120kw, precisely catering to the demand for Euro V emission standards in the construction machinery sector. Additionally, the company secured emission certification for its domestic China IV-compliant marine engines, further cementing its leading position in the marine propulsion industry.
- Accelerated International Market Expansion, with Europe and Africa Soaring
In the international arena, leveraging partnerships with renowned global brands, Raywin significantly enhanced its strategic market layout worldwide, bolstering its sales network and customer base. This has significantly strengthened its market competitiveness.
Looking Ahead:
Raywin Engine Co., Ltd. plans to leverage its existing large customer base to introduce more products tailored to international market needs, actively explore new clientele, and aims to complete EPA (U.S. Environmental Protection Agency) certification in the second half of the year, laying a solid foundation for a comprehensive entry into the North American market.