Hanon 2018 Annual Report

As a public company,Hanon just release the 2018 Financial Report .

In 2018, Jinan Hanon Instruments Co.,Ltd (Hanon Instruments) operating income was nearly 31.5 million USD, and its revenue increased by 25.9% year-on-year. It was much higher than the statistics released by the National Bureau of Statistics in the 2018 instrument industry. According to the company's financial report, the revenue growth benefited from the growth of the company's products in environmental monitoring, VOCs testing and other environmental monitoring, food safety testing, food quality and safety, and the detection of the Chinese herbal medicines. From the company's performance data, it can be seen that the revenue of sample pretreatment equipment (Microwave Digestion/Extraction and Sythesis) in the revenue of Hanon Instruments is the highest, reaching 40.75% of the total revenue. The organic element analysis equipment (Kjeldahl Protein Analysis/Fat Analysis and Fiber Analysis)revenue growth rate reached the highest in 2018, reaching 26.5%.

At the same year, Hanon start two R&D center in Suzhou City,Jiangsu Province.(Hanon Scientific(Suzhou) Co.,Ltd and Sineo Scientific(Suzhou)Co.,Ltd). and a new brand company "Wooking Instrument Co.,Ltd" which is mainly responsible for the research and development of the spectral chromatography products of Hanon Instruments, it is committed to enter the high performance liquid chromatography (HPLC) market. The first generation products may lunch at the October,2019.

In 2018, Hanon Instruments invested nearly 4 million USD in research and development, accounting for 11.43% of operating income which can be seen that Hanon attaches great importance to R&D investment. Not only keep the stable of the products, but also offer more good products to our customer.

For 2019, we are full of confidence and hope our products and service can satisfy you.

Thanks for all our distributors' hard work and users' trust.

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Hanon 2018 Annual Report