From the information disclosed by listed companies of construction machinery, the market performance in the first half of the year is mostly beautiful. Up to now, 9 listed companies in the construction machinery industry have disclosed the performance notice of the 2018 China Daily, and 8 companies have been pleased with the performance, accounting for nearly 90%.
Among them, the net profit of East China's heavy machine is expected to increase over 10 times in the first half of this year, and the net profit of 3 companies, such as Xugong machinery, Liugong and mountain and river intelligence, is also expected to double year-on-year. From the forecast net profit limit, the last half year profit of Xugong machinery is expected to break through 1 billion yuan, and the net profits of the 2 companies such as Liugong and mountain and river intelligence are expected to reach more than 300 million yuan in the first half of the year.
Market Watch
In the first half of the year, the demand for renewal of engineering machinery and equipment continued, and the market performance of several leading enterprises in the industry was commendable.
The central newspaper of Xugong machinery is the most eyed. In the first half of the year, the company's net profit attributable to shareholders of listed companies was 1 billion ~11.5 billion yuan, a profit of about 550 million yuan in the same period last year, an increase of 81.82%~109.09%.
For the reasons for the growth of the performance, the company indicated that the situation of the engineering machinery industry in the reporting period benefited from the market opportunities brought by the "one road area" and the structural reform of the supply side. The company continued to promote the "three high and one big" product development strategy, and landed a solid ground "technology lead, no destruction" gold standard and achieved quality and effectiveness. Profit, scale, sustainable "three one can" high quality development, the company's operating income has increased considerably compared with the same period of the previous year, and the net profit increased considerably over the same period.
Liugong's latest release of the semi annual report performance forecast that the first half of the company is expected to profit 533 million 320 thousand ~66277 million yuan, a year-on-year increase of 118.94%~172.08%, considering the acquisition of Shanghai Jintai 51% equity, back to the earlier financial adjustment, a year-on-year increase of 105.99%~155.99%.
The company said that the high growth of performance is mainly to benefit from the high boom in the engineering machinery industry, and the sales of main product line excavators, loaders and cranes have been steadily improved.
Look at the intelligence of the mountains and rivers. Shan He intelligence announced that it expects 2018 1~6 months attributable to shareholders of listed companies net profit of 277 million 660 thousand ~31972.98 million, an increase of 230%~280% over the same period. The company made a profit of 84 million 139 thousand and 400 yuan in the same period last year. The growth rate of net profit in 2016 and 2017 reached 328.87% and 142.49% respectively.
For the reasons for the growth of the performance, the mountain and river Intelligent Company said that the construction machinery industry continued to maintain the boom, the sales of excavators increased significantly, while the company's high Maori rotary drilling rig continued to be in short supply, the overall off-season was not weak, and the revenue continued to increase greatly.
East China heavy machine semi annual report shows that in 2018 1~6 month attributable to shareholders of listed companies net profit margin of change is 1310%~1465%. The company explained the reasons for the change of performance, the implementation of the high-end, intelligent strategy, the new full capital subsidiary of Guangdong run Star Technology Co., Ltd. high-end, intelligent equipment manufacturing business.
Insiders said that construction machinery enterprises will continue to maintain rapid growth in net profit in the next 3 years. Due to two aspects of environmental protection and age, the industry will enter a period of 5~6 years of renewal. Renewal needs ensure the sustainability of growth. With the constant efforts of infrastructure construction, the upgrading of products and the continuous improvement of exports, the domestic construction machinery industry continues to be hot.
Excavator sales volume alone
Excavators have always been the barometer of the construction machinery industry, revealing the strength and weakness of the industry, and the biggest increase is in the category.
According to the statistical data of China engineering machinery industry association mining machinery branch industry, in 1~6 month of 2018, 25 mainframe manufacturing enterprises, which were included in statistics, sold 120123 types of mining machinery products, up 60% over the same period. The sales volume in the domestic market (the statistical category does not contain Hong Kong, Macao and Taiwan) 111176 units, an increase of 57% over the same period, and the export volume of 8895 units, an increase of 110.5% over the same period last year. In June 2018, a total of 14188 mining machinery products were sold, an increase of 58.8% over the same period last year. The sales volume in the domestic market (the statistical category does not contain Hong Kong, Macao and Taiwan) 12449 units, an increase of 51.4% over the same period, and the export volume of 1723 units, an increase of 143.7% over the same period last year.
Analysts pointed out that in the first half of this year, China's excavator sales again handed over a bright report card, especially the export data continued to go on, and overseas sales doubled again, indicating that the recovery of the engineering machinery industry is still continuing.
In the first half of 2018, the sales of engineering machinery products tend to be stable in the first half of 2018, the president of China Engineering Machinery Industry Association said during the release of the list of "2018 global construction machinery manufacturers 50". Judging from the perspective of the association industry, it is estimated that the sales revenue of China's construction machinery industry will increase by about 10 points in 2018.
From the point of view of the domestic market, under the guidance of the policy of stimulating domestic demand, the construction of new infrastructure construction in the lower reaches is started, and the demand for excavators and other engineering machinery is expected to continue to expand. In the overseas market, some leading enterprises of the industry benefit from the trillions of countries along the road along the road, actively expanding the soil and improving the sales network.
Because of the two aspects of environmental protection and machine age, the industry will enter the period of renewal and replacement for 5~6 years, and the renewal demand will ensure the sustainability of the growth. With the continuous development of infrastructure construction, the demand for replacement of products and the continued good export and other factors, the domestic engineering machinery industry has been hot for two years.
Relevant experts believe that the Rural Revitalization and environmental verification is more stringent to stimulate demand, industry boom is expected to continue. According to our communication with the main machine factory and agent, the industry participants are all rational and prudent, the sales policy is strict, the return rate of the return is very low, and it is expected to lengthen the industry cycle in the case of high level of construction. And the implementation of the Rural Revitalization Strategy, environmental verification tighter is also expected to pull the industry demand, so it is judged that the construction machinery industry, represented by excavators and loaders in the second half of the year, will remain high growth, and the growth rate will be high and low.
