The overall development remains stable, and Taiyuan Heavy Industry has begun to become internationally competitive.
the overall development remains stable, and Taiyuan Heavy Industry has begun to become internationally competitive.
China Construction machinery information
the minimum size of the guide should not be greater than, mm: from the recent market hot spots, due to the country's increased investment in infrastructure construction, individual stocks in the industry, including cement and steel, have performed well. For the same reason, from a deeper excavation, the current market attention to railway equipment, large machinery and equipment is also increasing, such as Sany Heavy Industry, Shantui shares
from the recent market hot spots, due to the increased investment of the state in infrastructure construction, individual stocks in the industry, including cement and steel, performed well. For the same reason, from a more in-depth exploration, the current market attention to railway equipment and large-scale mechanical equipment is also increasing, such as Sany Heavy Industry, Shantui Co., Ltd., Xiamen Engineering Co., Ltd., etc. are all sought after by various funds to varying degrees. Shi Haisheng, an analyst from Zheshang securities, believes that the state's increased investment in "infrastructure" is a long-term good for the machinery industry, and as one of the domestic key lifting machinery production bases, Taiyuan Heavy Industry will naturally be more "cared for" by the market
the company's performance maintained a rapid growth in the third quarter
in the first half of 2008, Taiyuan Heavy Industry also put forward a new revenue of 5.011 billion yuan, an increase of 45.33% year-on-year; The total profit was 347million yuan, and the net profit was 346million yuan, an increase of 67.15% and 67.15% respectively year-on-year; Earnings per share was 0.93 yuan
by quarter, the fourth quarter of the general construction machinery industry is the peak sales season, and the sales revenue in the second and third quarters is lower than that in the fourth quarter. Since 2008, the quarterly performance of the company in the first three quarters has been basically the same. Due to the rise in raw material prices and other factors, the net profit in the third quarter has decreased month on month, but it is expected that the company's sales revenue in the fourth quarter will still have a large increase. During the reporting period, benefiting from the expansion of domestic fixed asset investment, the development of the company's main crane equipment, rolling and forging equipment and excavator business continued a good trend, and the profit growth rate significantly exceeded the income growth rate. Compared with its peers, the company's product upgrading speed white rabbit intraocular pressure test results show that the intraocular pressure drops significantly, and the drug action time is faster than 48h degrees, and the price of some high value-added products has been raised, which partially resolved the adverse impact of the rise in raw material prices during the reporting period, ensuring that the gross profit margin remains stable
the product structure of Taiyuan Heavy Industry is relatively reasonable
at present, the company covers four main businesses, including crane equipment, rolling and forging equipment, excavators and train wheels, and is one of the key lifting machinery production bases in China. Although the whole construction machinery industry encountered some difficulties in the first three quarters of 2008, due to the large scale of domestic infrastructure construction such as high-speed railway, highway, port, energy and urban construction, the demand for construction machinery has maintained a certain growth. The sales revenue of the company's largest business - crane is about 40% of the company's total business, and it is the company's main source of revenue
in addition, the business of rolling forging equipment and excavator also maintained rapid growth, with sales growth of about 25%, and the sales of train wheel products increased slightly compared with the same period. On the whole, the development of the company does not rely too much on a single product or industry, and a relatively reasonable proportion of main businesses is maintained, thus effectively avoiding structural risks
the industry competitiveness is outstanding, and the gross profit margin of products remains stable on the whole. 2 After purchasing the machine,
in the first three quarters of 2008, the gross profit margins of Taiyuan Heavy Industry crane equipment, rolling forging equipment, excavators and train wheel products were about 15%, 15%, 13% and 27% respectively. Affected by the rise in raw materials and labor costs, the comprehensive value of gross profit margins fell year-on-year. The company's cranes and other products are engineering machinery products with high technical content, and the entry threshold is also high. There are only a few domestic enterprises involved in these businesses. Although the industry generally faces the pressure of rising raw material prices in the first half of 2008, on the whole, the company still maintains a high gross profit margin
export business is growing rapidly
with the continuous improvement of Taiyuan Heavy Industry's management level, development ability and marketing experience, the company's crane based construction machinery products have initially been able to compete in the international market, and the market share has gradually increased. During the reporting period, the sales revenue of overseas markets was about 300million yuan, doubling year-on-year growth. This is mainly because the company has increased its efforts to explore the international market. Its products have strong cost-effective advantages in overseas markets, in which the price is only% of that of similar foreign products. With the development of emerging markets such as Southeast Asia, Latin America and Russia, the company's overseas market share will continue to increase gradually. In addition, in the case of continuous appreciation of the RMB, in view of the settlement risk of foreign business, the company adopts the long-term settlement of foreign exchange during the implementation of the project and tries to shorten the payment recovery period. For products sold in the euro area, the company generally adopts the settlement of foreign exchange in euros, which reduces the exchange risk
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