Yao Na Talks about Concentrating Technology Development Strategy

March 22-23, 2012, the highly anticipated annual event of China's scientific instrument industry - "Annual Conference of China Scientific Instruments 2012, ACCSI 2012", at the Wujing Conference Center in Beijing Grandly held. The conference was jointly sponsored by the China Instrument and Meter Industry Association, the Analytical Instrument Branch of the Instrument Society of China, and the Instrument Information Network. The China Association for Analysis and Testing, and I would like to coordinate with the Network. More than 500 guests attended the current annual meeting.

Mr. Yao Naxin, CEO of Concentration Technology (Hangzhou) Co., Ltd., attended the annual meeting as the guests of the “Industrial Development Trends Forum of Instrument Enterprise CEO Summit”. During the meeting, instrument information network editor conducted a video interview with Mr. Yao Naxin.

Concentration Technology's 2011 annual report shows that its total operating revenue was 770 million yuan, an increase of 18%. According to Mr. Yao Naxin, the growth of Concentrating Technology's business is mainly due to the acquisition of the laboratory equipment business of Beijing Jitian Company, which has achieved a revenue of RMB 300 million. Since 2011 was the first year of the “Twelfth Five-Year Plan”, the growth of Concentration's environmental monitoring business was not obvious, and the industrial online analytical instrument business had entered a period of stable development, and the growth was not as obvious.

Mr. Yao Naxin also mentioned that in 2012, in the field of laboratory instrument business, the development goal of Concentration Technology was to reach 4-5 billion. And in the development and expansion of laboratory equipment business, Concentration Technology will adopt the "beyond this industry to 'see' the industry, 'do' this industry" approach to marketing and operations.

For the future operation of Beijing Jitian Company, Mr. Yao Naxin said that Concentration Technology will first maintain its independence and at the same time integrate the concentrating science and technology's superior resources, such as capital, market operation, personnel training, supply chain management, etc., to Beijing. Jitian Company makes synergy play a greater role.

For the development plan of Concentration Technology in the future, Mr. Yao Naxin mentioned that Concentrate Technology will adopt a continuous acquisition strategy and conduct at least 2-3 mergers and acquisitions each year, mainly focusing on the three major business segments of Concentration Technology, aiming at domestic and international factory.