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Energy

EVOC bullish over focus on safety

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EVOC Intelligent Technology, one of the mainland's largest makers of industrial computer systems, expects orders from the mining, railway transport and telecommunications sectors to drive growth.

The firm announced last week that net profit for the first nine months rose 22 per cent to 93 million yuan (HK$106 million) and revenue grew 150 per cent to 771 million yuan.

EVOC offers three main advanced automation product lines, including several industry-specific solutions that are widely applied in railway transit, coal mine safety, environmental protection, telecommunications, commerce, industry, finance, energy, the military, video frequency control and the internet.

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'We expect growth in the mainland market will continue with no negative impact from the global financial meltdown,' said chairman Chen Zhilie.

'More than 95 per cent of our revenue is from the mainland. With our strong research and development team, we should be able to outperform in the near future.'

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Mr Chen said the firm expected to see increased orders for coal mine safety systems following a government edict earlier this year requiring all mines to install alert systems to avoid casualties from mine explosions.

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