On the evening of February 26, Zhongkong Technology (688777.SH) released a performance bulletin, 2023 is expected to achieve operating income of 8.62 billion yuan, an increase of 30.12%, to achieve a net profit of 1.10 billion yuan, an increase of 37.81%.

0040-87766 Industry insiders believe that the main reason for the control technology is that it generated revenue last year, reduced costs and increased efficiency. Among them, the market share of traditional business continues to expand, and the expansion of new business markets such as batteries and overseas has achieved remarkable results.

On February 27, the reporter sent an email to the securities department of China Control Technology to inquire about the overseas business of China Control Technology and the large-scale AI model of process industry planned to be launched, but there was no reply as of press release.

Both new and existing businesses continue to grow

Oriental Securities believes that the central control technology in the smart enterprise PA+BA (Note: PA refers to the automation of the production process; BA refers to enterprise operation automation) under the new structure, to create a process industry “1+2+N” smart factory construction 0040-87766 structure, to achieve stable business growth.

Zhongcong Technology revealed in the announcement that its performance increased mainly because it continued to lead and expand its market share in the traditional advantages of chemical and petrochemical industries last year. At the same time, remarkable results have been achieved in the market expansion of metallurgy, battery, overseas, PLC and other businesses.

In the past period of time, Zhongkong Technology has actively laid out the overseas high-end market and achieved key breakthroughs in major customers in overseas business. In addition, Central Control Technology has developed a range of robots, including wheeled, legged and rail robots, tailored for specific industrial applications.

0040-87766

0040-87766 In order to further meet the new needs of process industry enterprise customers for smart factories, Zhongkong Technology recently invested in Zhejiang Humanoid Robot Innovation Center Co., LTD., plans to take intelligent manufacturing upper software as the traction, in-depth study of AI technology, combined with the needs of industrial scenes, to realize the industrialization of humanoid robots and their derived intelligent robots and core key components.

The first big AI model of process industry

Benchmarking international advanced companies, the development level of intelligent manufacturing in China’s process industry companies is still low, and the supply capacity of domestic intelligent manufacturing can not efficiently match the needs of enterprises under the background of high-quality development, and the overall industry still has a lot of room for development.

China’s process industry software market will reach 206.6 billion yuan in 2026, with a 0040-87766 compound annual growth rate of 10.8%.

Zhongkong Technology previously said at the investor exchange meeting that it judged that the downstream market scale in the process industry field is still continuing to expand, and there is still a large space for development in overseas markets, and it is also actively driving business and strategic upgrading, launching new products, new services, and new solutions to meet the diversified needs of customers.

On February 25, Zhongcong Technology Officer announced that it will soon launch the first AI large model for operation optimization and design of process industry.

Sinofin Securities believes that the initiative is expected to accelerate the landing of the AI large model in the B-end industrial end and help the central control technology further reduce cost and increase efficiency.