2021 TRACK RECORD
2021 TRACK RECORD: MORE THAN RMB 0.8 BILLION IN SALES AND OVER 4,200 MACHINES SOLD
2022.03.01
GS Machinery successfully defied the Corona pandemic +++ Sales record with more than 4,200 machines +++ Annual sales up 15.5 % +++ 26 % sales increase for best-selling HS Series +++ Special focus on digitalization.
Global economy and business performance
In 2020-2022, the Covid-2019 virus outbreak and its rapid spread into a pandemic severely shook the entire global economy. Nearly all countries and all major economies in the world are still reeling from the effects today. China’s economy benefited from strict preventive and control measures taken by the government and was soon able to return to positive growth and normal economic operation. Thanks to this rapid recovery in the domestic economic situation, the Group experienced strong, growing demand.
As a result, GS Group posted a new sales record for the completed 2020 fiscal year, with well over 4,200 machines sold. This represents total sales of RMB 0.81 Billion and a year-on-year increase in sales of 15.5 percent.
Outlook and future strategy
GS Machinery formulated a general overview of its five-year plan strategy at the beginning of 2022. Key objectives include strengthening its global market presence and consistently expanding its market share. Mr. Chen, Executive Director of GS Group, said, “With industry-specific solutions, we will increase competitiveness in the high-end market, among others, and advance digital manufacturing solutions.” Of particular importance in this context is the digitalization of in-house manufacturing, especially in terms of R&D, intelligent production processes, digital system integration and process control.
Furthermore, the focus is on the standardization of building components to further increase efficiency, especially in the optimization of technologies as well as smart manufacturing. “With the establishment of a young and innovative team, we will focus more on manufacturing processes and improve production capabilities in terms of flexibility and intelligence. The entire Group will continue to work hard to grow and develop
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