Chinamarketresearchreports.com
adds report “China Currency Sorter Industry Report, 2014” to its store.
Currency sorter, a kind of financial machines and tools,
mainly consists of banknote sorter and coin sorter.
Market demand for currency sorter in China came in full
swing from 2005, and sales revenue has reached RMB 7.532 billion as of 2013,
growing at a CAGR of 64.42% (2005-2013). The boom in demand for currency sorter
in China is largely due to strong drive by banking needs, maturity of banknote
sorter technology and guidance of central-bank policies, notably the “Timetable
for Banknote Sorting in Full” issued by China’s central bank in 2013.
From competition pattern of China currency sorter market,
before the year 2004, foreign brands including German Giesecke & Devrient
GmbH, Japanese Glory and Laurel occupied the entire Chinese market, with large
and medium-sized currency sorters being hit products; after 2005, Chinese local
players grew rapidly in small currency sorter field and started to replace
imported medium-sized currency sorters. By 2013, local brands accounted for
about half of the currency sorter market share in China.
As a representative company among local brands, Liaoning
Julong Financial Equipment Corp. entered small banknote sorter field in 2004
and realized sales of medium-sized banknote currency sorter in small quantities
in 2013. In the first quarter of 2014, the company registered revenue of RMB 96
million, soaring by 125.51% over the previous year, of which RMB 78.93 million
or 85.62% of the total revenue, came from sales of currency sorters. Its net
income attained RMB 19.10 million, up 92.91% from a year earlier.
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By virtue of its technology advantages in financial
equipment, GRGBanking established Intellicash in December 2012, which
specializes in R&D, production, sales and services of currency sorter. In
2013, the company sold 2000 or so currency sorters, and recorded sales revenue
of RMB 73.74 million, making up 2.93% of the company’s total revenue, with
gross margin of currency sorters reaching 40.71%.
Hebei Huijin Electromechanical Co., Ltd. started its R&D
on banknote sorter in 2010, and was successfully shortlisted for public bidding
of Bank of China in 2011, starting to get involved in small banknote sorter
field. In Jan.-Nov. 2013, the company reported revenue of RMB 154.25 million,
growing up by 4.73% year on year, and net income of RMB 41.16 million, up 1.63%
against the previous year. The company planned to go public in 2014.
On August 5, 2013, Shandong New Beiyang Information
Technology Co., Ltd., which provides automated self-service system and
equipment, announced that it acquired 51% stake of Anshan Bozong Science &
Technology Co., Ltd, thus jump-starting the banknote sorter business. In 2013,
Anshan Bozong realized revenue of RMB 23.60 million, and contributed net income
of RMB 8.9072 million to New Beiyang, 3.78% of the latter’s total net income.
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China Currency Sorter Industry Report, 2014-2016
highlights the followings:
·
Sales revenue of global currency sorter market
and layout of multinational companies in China;
·
Policies, revenue, competition pattern and
development prospect of China currency sorter industry;
·
5 key global currency sorter enterprises,
including operation, currency sorter business and development in China;
·
12 key Chinese currency sorter enterprises,
involving operation, revenue structure, currency sorter business, gross margin,
major customers, spending on R&D, major projects and development planning.
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