The hottest leader in the construction machinery i

2022-09-22
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Leaders in the construction machinery industry usher in the "depression" warehouse building period

leaders in the construction machinery industry usher in the "depression" warehouse building period

China Construction machinery information

Guide: according to the introduction of the China Construction Machinery Industry Association, since June 2010, the China Construction Machinery Industry Association has been entrusted by the equipment industry department of the Ministry of industry and information technology to preside over the preparation of the 12th Five Year Plan for the construction machinery industry. After more than a year of research, preparation The plan for revision and review was officially announced a few days ago. It is reported that

the Ministry of industry and finance of China and the Ministry of housing and urban rural development jointly issued the implementation opinions on accelerating the development of green buildings in China. According to Cheng Machinery Industry Association, since June 2010, China Construction Machinery Industry Association has been entrusted by the equipment industry department of the Ministry of industry and information technology to preside over the preparation of the 12th Five Year Plan for the construction machinery industry. After more than a year of research, preparation, revision and evaluation, the plan was officially announced a few days ago

it is reported that the plan expounds and plans the development status and prospects of the industry from seven aspects: the current situation of the industry and the development overview during the Eleventh Five Year Plan period, the main problems and constraints of the industry development, the market demand forecast during the 12th Five Year Plan period, the development strategy and guiding ideology during the 12th Five Year Plan period, the development planning objectives, development priorities and main tasks, policy suggestions and measures

the plan points out that according to the development idea of adjusting the structure and transforming the growth mode, it is predicted that by 2015, the sales scale of China's construction machinery industry will reach 900billion yuan, with an average annual growth rate of about 17%, of which exports will be about 26billion US dollars. The sales revenue and export volume of the whole industry in 2015 were more than double that of 2010

excellent performance and undervaluation of stock price

since 2007, the machinery sector has maintained a high growth trend every year, and this sector is also a multi origin of blue chip stocks in annual and interim reports. Since 2010, under the background of rapid growth of domestic fixed asset investment and real estate development, the construction machinery industry has shown a high-speed growth trend, especially in the first half of last year, the sales growth rate was nearly 60%. In the second half of last year, due to the off-season and the impact of the previous year's low base and high base, the industry growth rate showed a slight decline. But overall, the annual sales of construction machinery still achieved a year-on-year growth of 48%, ranking first in the whole machinery industry. In the first quarter of this year, the construction machinery sector and the chemical industry sector ranked among the top 12 with the fastest performance growth. Data show that in January and February 2011, the cumulative sales of major construction machinery products, including excavators, loaders, bulldozers, concrete machinery, etc., were at the highest level in the same period in history, exceeding market expectations. Among them, the cumulative sales volume of excavators increased by 87%, loaders by 53%, bulldozers by 87%, and the growth rate of concrete machinery is expected to be about 50%, while the growth rate of leading companies in the industry is generally higher than that of the industry. C. requirements for fixture structure: the average growth rate of the industry

corresponding to good performance, the stock price performance is eye-catching. In the first quarter, among the mechanical equipment sector, the construction machinery sub sector performed best, with a cumulative increase of 14.18%. Behind it are shipbuilding, heavy machinery, machine tools and machine base parts, with cumulative stock price increases of 11.72%, 8.42%, 6.23% and 5.21% respectively

however, compared with the stable growth rate of the machinery sector, the performance of individual construction machinery stocks recently is really "not very good". Liugong fell by more than 15% in the short term, Sany Heavy Industry fell by nearly 10% in the short term, and Xiamen Industrial Group Co., Ltd. failed to see any signs of reversal after "six consecutive downturns". After continuous decline, the valuation of the construction machinery sector has fallen to about 15 times, and the dynamic PE of Liugong is even as low as 10 times. Some analysts pointed out that such an undervalued high growth sector is even more attractive than a more undervalued banking sector

leading companies take the lead

based on the sales revenue of the construction machinery industry of about 400 billion yuan in 2010, the sales revenue of the whole industry in 2015 should be more than 800 billion yuan, and the "doubling" sales target means that the market share of leading enterprises will be significantly increased

it is learned that the sales plans of Sany Heavy Industry and XCMG group in 2015 are about 300billion yuan; Zoomlion will exceed 100 billion yuan; The sales revenue of construction machinery enterprises such as Xiamen and Liugong is also expected to be close to or more than 100 billion. This means that new entrants to the construction machinery industry have little market space

leading enterprises achieve the goal of "monopolizing" the market mainly through technological innovation. The plan clearly states that the industry development strategy for the "12th Five Year Plan" is to promote the transformation of China's construction machinery industry from a large manufacturing country to a powerful manufacturing country, and initially form an internationally cutting-edge R & D and manufacturing system for host products, basic technologies, and functional components. The main products have reached the international average advanced technology level, realizing the transformation of China's construction machinery industry from extensive, imitation and quantitative to scientific and technological innovation, quality and efficiency

CICC also spoke highly of the leading companies in the machinery sector. They believed that the performance of the machinery sector increased significantly, and the profitability of the leading companies increased significantly. In the first quarter of this year, the net profits of eight companies attributable to shareholders of listed companies increased by an average of 80.8%, higher than the growth rate of business income, indicating the overall improvement of profitability. In addition, insiders believe that the varieties with promising demand prospects in 2011 include excavators, concrete machinery, bulldozers, etc., and cranes and other products will also maintain stable growth

from the perspective of excavator industry, the market share of domestic brands will increase significantly, while the market share of foreign brands will decline. Domestic industry leading companies such as Sany Heavy Industry, Xiamen Industrial Co., Ltd. and Liugong are considered to be the beneficiaries of import substitution. Analysts believe that the excavator industry will maintain a growth rate of more than 20%. With the acceleration of import substitution process, the market share of domestic brands will further increase

from the perspective of concrete machinery industry, the steady growth of fixed asset investment and the expansion of the application proportion of commercial concrete in third and fourth tier cities will promote the demand for concrete machinery. From 2006 to 2010, the average growth rate of concrete machinery of Sany Heavy Industry and Zoomlion was as high as 55.3% and 76.7% respectively. Analysts believe that with the popularity of commercial concrete, the demand for concrete machinery will continue to grow rapidly in the future. In addition, bulldozers will benefit from water conservancy investment and construction and export growth. Shantui shares deserve attention

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