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| NEWS |
| Construction machinery industry more than expected growth inflection point |
| 2013/8/24Read the number:[801] |
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Last year, the construction machinery industry cycle beyond the expectations of most people. But it is precisely this growth exceeded expectations, triggers the machinery industry will be a turning point, in the second half of the prosperity of unsustainable anxiety.
Company interim results from the construction machinery industry forecast, in the first half of the company's performance is very gratifying. For example, anhui together in the first half net profit year-on-year growth of 2700% to 2700%; Xugong in first-half net profit year-on-year growth of around 8920%; Mansion industry co performance year-on-year growth of more than 500% in the first half of the year.
In addition to the growth of xugong part of consolidated accounting statements, boosting the growth of the listed company's main motivation is to promote both sales revenue and gross margin.
Construction machinery industry during the first half of the cycle is beyond the expectation of most industry researcher, at the beginning of their outlook and the present condition of the industry has a large gap. Industry researcher Guo Yaling said, many researchers are later raised the construction machinery industry focus on company's performance prediction.
In fact, a quarterly report released in the related company, part of enterprise's financial indicators reflect the industry's strong demand. Such as sany heavy industry in the first quarter of business activities generated cash flows for - 973 million yuan, mainly to cope with the peak season production, increased the material procurement spending and strategic stockpiles; Xugong advance payment in the first quarter is 774 million yuan, the year growth of 67.88%, increased purchasing volume mainly during the reporting period.
Data show that the first five months of this year, concrete machinery sales revenue reached 2009 annual sum, excavators, cranes, loaders and bulldozers sales have 64 year-on-year growth of 97%, 48%, and 97% respectively.
However, because of more than expected in the first half of growth, the market of construction machinery industry in the second half of growth is more worrying.
It is understood that the growth of construction machinery industry elements including infrastructure, export and real estate development, in the context of the current situation, two major areas of real estate and infrastructure development situation is not optimistic.
"Tough real estate regulation will reduce the developers' willingness to work, although the construction of affordable housing will still be able to pull some mechanical products needs, but cannot be compared with the commercial housing construction, which will directly inhibit the demand of engineering machinery products", zheshang securities researcher enlisted told reporters.
More importantly, the real estate New Deal will reduce local government land transfer income, which leads to plan construction of infrastructure projects face a shortage of funds. Li Qin cic securities, said in 4 trillion investment projects, local investment was $2.82 trillion, accounting for 70%, real estate regulation and control, as a result of poor land sales are likely to make investment in infrastructure in large drop from last year, further depressing engineering machinery product demand.
However, "because in the first half of the sales, engineering machinery enterprises this year's performance is still will be increased significantly, but alone in the second half, the slide in earnings growth will be more apparent." Industry insiders said to reporters.
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