On August 8, the Tokyo Olympic Games closed. The Chinese sports delegation won 38 gold medals and 88 medals, finishing second in both gold medals and medals. At the moment, the Tokyo Paralympic Games are going on. Chinese Paralympic athletes dare to fight and win, lead the double list with absolute strength, and show "China's power" with other brilliance. While feeling the charm of sports competition, let's look at the major events in the construction machinery industry in August.
Key words I: 2021 semi annual report
Outstanding performance of listed construction machinery enterprises
In August, the performance reports of enterprises in the construction machinery industry in the first half of 2021 were released one after another. The operating revenue, net profit and operating cash flow of most enterprises reached a record high. Under the background of the decline of industrial sales and the sharp rise of raw material costs in the second quarter, they still achieved high-quality growth.
2021 is the first year of the 14th five year plan. In the first half of the year, the national economy generally showed a trend of stable recovery and sustainable development. Thanks to the effective control of the domestic epidemic and the continuous release of macro policy effects, the construction machinery industry operated steadily in the first half of the year, and the sales of main products continued to grow steadily. With the gradual recovery of the world economy, the rigid demand for China's construction machinery in the international market is increasing, and the industry export is growing rapidly. In the first half of the year, the industry export hit a record high.
Semi annual report
Semi annual report
Among the domestic listed enterprises in the host industry, Sany Heavy industry won the "first in both revenue and net profit" in the first half of the year, and the net profit exceeded 10 billion yuan, reaching 10.074 billion yuan, ranking first among domestic enterprises. Among the supporting parts enterprises, Weichai Power led the business performance in the first half of the year, with a total revenue of more than 100 billion yuan, reaching 126.39 billion yuan. It is amazing that Weichai Power can achieve such a scale by virtue of power segmentation.
Among foreign brand listed enterprises, represented by caterpillar, Volvo Construction equipment, John Deere and JLG (jieerjie), the performance is also rising steadily. Among them, Caterpillar's operating revenue in the first half of the year was US $24.776 billion, a year-on-year increase of 20.09%, ranking first in the industry in the world.
From the perspective of the composition of operating revenue, the overseas operating revenue of many domestic enterprises has reached a new high. The overseas revenue of Sany Heavy Industry, XCMG machinery and Zoomlion has increased by 94.69%, 68.5% and 52.28% respectively year-on-year. In order to catch a glimpse of the leopard, the effectiveness of enterprise internationalization strategy is prominent. Chinese enterprises have taken solid steps in high-quality development and are shining brightly on the international stage.
From the growth of R & D investment of enterprises, it has become normal to pay attention to R & D and innovation
From the growth of R & D investment of enterprises, it has become normal to pay attention to R & D and innovation
In addition, from the growth of R & D investment of enterprises, it has become normal to pay attention to R & D and innovation. Taking XCMG machinery, Sany Heavy Industry and Weichai Power as examples, in the first half of 2021, the R & D expenses of these three companies were RMB 2.218 billion (a year-on-year increase of 64.43%), RMB 3.058 billion (a year-on-year increase of 80.82%) and RMB 4.63 billion (a year-on-year increase of 27.9%). With excellent technology, enterprises can have strong strength and enough confidence to be free from others at the critical moment. The continuous increase of R & D investment will inject new vitality into the growth of enterprise performance. Only by relying on innovation driven, can we make great progress and development.
Midfield is over! Look at the pattern through the "war report" and count the five "most"
Outstanding industry performance! Summary of 2021 semi annual report of listed construction machinery enterprises
The true colors of construction machinery leaders are fully displayed! XCMG's machinery revenue, net profit and cash flow are the best in history
Create the best performance in history! Sany Heavy Industry has a net profit of more than 10 billion
Zoomlion's net profit in the first half of the year exceeded 4.8 billion! Diversified layout and consolidated future development potential
Caterpillar's revenue in the first half of the year was US $24.776 billion, a year-on-year increase of 20.09%
Key words 2: export
China Construction Machinery likes to "go abroad"
Recently, a Chinese giant ship carrying nearly 1000 XCMG excavators, loaders and other construction machinery products was sent to South America and arrived at the port of destination in mid August. This is the largest single batch export order of China's construction machinery industry in recent five years, playing a loud and victorious song of the rise of made in China overseas.
XCMG export order
XCMG export order
According to the customs data, from January to June 2021, China's export of construction machinery amounted to US $15.071 billion, a year-on-year increase of 54.9%. In the first half of the year, the total export exceeded US $15 billion, an increase of 46.2% compared with the highest in the first half of 2019. Affected by the slowdown of the epidemic situation in the international market and economic recovery, the demand for construction machinery in the international market was strong, coupled with the rise of bulk commodities such as steel and coal The price driven mining will further stimulate the demand for construction machinery. The plague of the epidemic has affected the supply chain in the international market. The rapid recovery of China's industrial chain and supply chain has made China more "needed" in the world import and export trade and become a major exporter of construction machinery products.
Monthly report on import and export of construction machinery from January to June 2021
Monthly report on import and export of construction machinery from January to June 2021
In addition, according to the voice of Germany website, in 2020, China surpassed Germany for the first time to become the global mechanical equipment export champion. The total sales of mechanical equipment of 924 billion euros is almost equal to the sum of the United States, Germany, Japan and Italy. China has become the "new export champion" Behind this is the success of the internationalization strategy of China's construction machinery enterprises. In the first half of 2021, XCMG's exports increased by more than 70% year-on-year; in the same period, Sany group's international sales revenue increased by 80% year-on-year. Chinese construction machinery enterprises have entered the "World Finals track" with high quality and are gradually upgrading "made in China" to "pride of China".
Construction machinery likes "going out"
China's machinery exports surpassed Germany for the first time, with 924 billion yuan, the sum of the United States, Japan, Germany and Italy!
Thousands of sets are issued at the same time! The biggest single in the industry! XCMG's "sea report card" is amazing
Key words 3: acquisition
Can "1 + 1 > 2" really be realized after the concurrent reorganization of three acquisition cases
M & A has always been a hot spot in the market and a general trend in the development of the industry. In August, there were many acquisition cases in the industry: Hyundai Heavy Industry acquired Doosan construction machinery with 850 billion won, Danfoss officially completed the acquisition of Eaton hydraulic business with us $3.3 billion, and Lee brothers acquired European auction companies.
Danfoss officially completed the acquisition of Eaton's hydraulic business
Danfoss officially completed the acquisition of Eaton's hydraulic business
On August 3, Danfoss officially completed the acquisition of Eaton hydraulic business with us $3.3 billion. This acquisition will double the scale of Danfoss hydraulic business, expand the business scale of Danfoss group by one third, and become a global leader in the field of mobile and industrial hydraulic.
Acquisition of Euro auctions by lees brothers
Acquisition of Euro auctions by lees brothers
On August 9, lees Brothers announced that it had reached an acquisition agreement with euro auctions (European auction company) and would complete the acquisition of Euro auctions in the first quarter of 2022. Together, the two companies have more than 88 years of industry experience. This cooperation will provide customers with services in a more powerful way!
Mian Wujia, chairman of Hyundai Heavy Industry Holdings, and his delegation visited Doosan construction machinery
Mian Wujia, chairman of Hyundai Heavy Industry Holdings, and his delegation visited Doosan construction machinery
On August 20, Hyundai Heavy Industry officially acquired Doosan construction machinery, which is undoubtedly a major focus in the host enterprise circle. In the future, the two brands will jointly become the top participants in the global construction equipment market and strive for Hyundai Heavy Industry's goal of crowding into the top five in the world. Then, how far is Hyundai Heavy Industry from the top five in the world?
According to the 2021 yellow table, Hyundai Heavy industry ranks 21st with sales of US $2.345 billion, and Doosan construction machinery ranks 10th with sales of US $7.109 billion. If you simply add up the sales, it slightly exceeds Zoomlion (US $9.449 billion), which ranks fifth now In short, Hyundai Heavy Industry is expected to reach the position of No. 1 Korean brand and No. 5 in the world. Whether it can achieve its goal depends on how strong the "chemical reaction" effect after Hyundai's acquisition of Doushan and the growth of other brands.
In addition, looking at China, a huge market that "strategists must compete for", this acquisition will also stir up the brand competition pattern in the Chinese market. According to the market share distribution of excavator brands in 2020, Hyundai and Doosan may become the second largest foreign brand after caterpillar and the top five in the Chinese market after the merger.
Modern excavator
Modern excavator
Whether in the increasingly competitive international market or the Chinese market where the living space of foreign brands is constantly eroded, Hyundai and Doosan Korean brands hold together for warmth. In the collision with strong rising Chinese brands and old international giants, they can consolidate their position by complementing their advantages in technology, production, procurement and sales and integrating advantageous business resources, It remains to be seen whether Hyundai Heavy Industry can ascend to the top five in the world.
Yes! Hyundai Heavy Industries has officially completed the acquisition of Doosan construction machinery
Danfoss officially completed the acquisition of Eaton's hydraulic business with us $3.3 billion
Lees brothers acquired Euro auctions to further expand its international influence
