In the first half of the year, faced with the pressure brought by factors such as continuous increase in raw material prices and rising transportation and logistics costs, Rifa Group took active measures to accelerate the pace of industrial integration, so that the company maintained a strong momentum of development. In the first half of this year, Rifa Group achieved sales of 420 million yuan and a profit of 45 million yuan, an increase of 68.91% and 166.63% respectively over the same period last year. Among them, the sales revenue and profit of the textile machinery industry increased by 67% and 143% respectively over the same period of last year, and the sales revenue and profit of the machine tool industry increased by 73.93% and 212.32% respectively over the same period of last year.

    Under the strategic guidance of the group's "investment management and decision-making management", in early 2007, the group carried out a drastic integration of its subordinate industries. Zhejiang Rifa Textile Machinery controlled Shandong Rifa Textile Machinery and became its parent company, and Rifa Precision Machinery controlled Shanghai Rifa as its parent company. So far, the two major industries of textile machinery and machine tools under the group have been formed. In this way, resources such as technology, manufacturing, procurement, market and management within the industry have been effectively shared and optimally allocated, thereby realizing the rational use and circulation of internal resources, and improving efficiency and benefits.

    Taking into account the production capacity and product line positioning of Zhejiang Rifa and Shandong Rifa, the Rifa air-jet loom project that achieved mass production in 2006 was moved to Shandong Rifa Industrial Park in the first half of 2007, and Zhejiang Rifa Textile Machinery The products of Shandong Rifa Textile Machinery are mainly "spinning", and the products of Shandong Rifa Textile Machinery are mainly "weaving", thus completing the industrial deployment of Rifa Group for the textile machinery industry "spinning in the south and weaving in the north". "North" can do its best in its own professional fields.

    After Rifa Precision Machinery Holdings Shanghai Rifa, in order to lead Shanghai Rifa out of the predicament, Rifa Digital has adopted a series of adjustment and support measures. For example, with the help of Rifa Digital's strong and mature technology and quality control capabilities, the excellent manufacturing and management personnel of Rifa Precision Machinery were transferred to Shanghai Rifa, etc., so that Shanghai Rifa achieved a turnaround in just 6 months. Surplus.

    The steady growth of performance in the first half of the year has laid a solid foundation for the performance of the second half of the year. During the "Eleventh Five-Year Plan" period, based on the dual benefits of the country's strong support for the machinery industry and the strong growth of export sales, with Rifa's efforts, the successful completion of the 2007 business goals is just around the corner.