GRGBanking 2013 Annual Net Income Up 22%

GRGBanking Equipment Co., Ltd. (SZSE:002152) reported that its revenue of 2013 is RMB 2.516 billion, with an increase of 16.03% compared to that of 2012 and that its net income of 2013 is RMB 0.705 billion, with an increase of 21.85% compared to that of 2012.

 

In 2013, the company continued to uphold the brand philosophy of “We Move Faster”, focusing on the development theme of "Methodological, Pragmatic, Responsible for Growing in New Situations". Seizing the chance of transformation and upgrade demand in the domestic banking sector, GRGBanking follows the market rules, bases itself on the core competitiveness, continuously improve the core technology system, foster innovation and growth in new business, and optimize the strategy in high-end manufacturing and high-end service sector.

 

The company’s domestic ATM and AFC market position has been further consolidated and the overseas markets have recorded a recovery growth. Promotion of the company’s sorting machine, VTM and other new products has achieved remarkable results and the financial services market is having a good shape in development. The company's overall operations have maintained a steady growing momentum in a tough competitive environment.