Since August, continuous high temperature has caused users in arid regions to increase their purchases of agricultural pumps, and the production volume and sales of agricultural pump products of various pump production companies have increased significantly. As a leading company in the pump production industry, Leo and the New Territories are actively engaged in anti-drought operations. Leo Co., Ltd. recently said on the investor interaction platform that the recent dry weather has promoted the sales of the company's agricultural pump products. During the period, the company's internal pump sales volume has increased by about 50% compared with the same period of last year. In the New Territories pump industry, sales in July increased by about 18% compared to the same period last year.
The main business of Leo shares is the research and development, design, manufacture and sales of micro-mini water pumps and garden machinery. In 2012, the company sold 3.64 million micro-pumps and about 50% of the domestic sales of 706 million yuan came from agricultural pumps and related products. The company has been committed to improving the domestic sales rate of products.
The New Territories pump industry belongs to the agricultural water pump manufacturing industry under the agricultural machinery industry. The company is the first brand of domestic agricultural water pump. The current revenue of the company mainly consists of submersible pumps (51.43%) and onshore pumps (27%). The company's products are divided into 8 categories with a total of over 2000 specifications. From the perspective of the sales area, the company's domestic sales exceed 55%, and exports to Europe, America, Asia, Africa and other places. Market analysts analyzed that the company is one of the important tools for drought resistance in the near future. Therefore, the company is one of the major beneficiaries of the drought-resistant industry.
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