Restructured distribution channel ecology, international business increased by 16%

In 2023, emerging industries such as global green energy, digital economy and high-end equipment will develop significantly and become a new quality force to push economic development onto the track of innovation-driven growth.

PXI-7854R During the reporting period, Chint, with its complete and cost-effective product line layout, product research and development, intelligent manufacturing, rapid response system and the advantages of the whole industrial chain, launched industry-leading system solutions and series of products in the fields of 5G& communication, new energy and process industry to meet the market demand for high-end and intelligent low-voltage appliances.

At the same time, at the channel end, the distribution channel ecology is further reconstructed, the channel competitiveness is continuously boosted, the ability of all network partners is evaluated, the resources are effectively allocated, and the activities of “supporting and promoting” are targeted.

As of the end of the reporting period, the company had 445 first-level distributors, 21,860 second-level distributors, and more than 100,000 terminal channels, achieving a coverage rate of about 92% at the district and county levels.

PXI-7854R

In addition, Chint seized new opportunities in digital marketing, and built a global customer digital management platform during the reporting period, focusing on major customers in the “headquarters + region” industry such as power grids and power generation groups, and strengthening customer resource management and sharing.

PXI-7854R At the same time, the company builds a “Taizhi data” governance platform, relying on “Zhengtai Cloud”, real-time acquisition, analysis, research and judgment of front-end sales data and back-end supply chain data, to achieve accurate governance.

Looking at the world, Chint Electric has more than 2,000 active channels and project customers, and has achieved business coverage in more than 140 countries. The company’s international business achieved operating income of 4.469 billion yuan, an increase of 16%. Among them, the greater Asia Pacific region revenue increased by 12% year-on-year; Greater Europe revenue grew 13% year-over-year; North American revenue increased 51% year-over-year; Revenue in West Asia and Africa increased 23% year-over-year; Latin American revenues were flat over the same period.

The relevant person in charge of Chint Electrical said that in the New Year, Chint will continue to play a solid industry benchmarking position, strong technological innovation capabilities, brand advantages and its own complete industrial chain advantages, gradually realize the transformation to a low-voltage electrical system solution supplier, and continue to provide help for the transformation and upgrading of the industry.