Advantages and disadvantages of construction machi

The pros and cons of the construction machinery industry in 2004

the pros and cons of the construction machinery industry in 2004

China Construction machinery information

Guide: as a cyclical industry, the construction machinery industry is greatly affected by the macro policy of fixed asset investment and then natural cooling to room temperature in still air. It is expected that the growth rate of fixed asset investment in the whole society in 2004 will not be less than 20%, and the sales revenue of the industry will increase by 20%. Changes in demand structure lead to differences in the fine molecule industry. In 2004, we are optimistic about excavators and concrete machinery

as a cyclical industry, the construction machinery industry is greatly affected by fixed asset investment and macro policies. It is expected that the growth rate of fixed asset investment in the whole society will not be less than 20% in 2004, and the industry sales revenue will increase by 20%. Changes in demand structure have led to differences in fine-grained industries. In 2004, it was optimistic about the excavator, concrete machinery and pavement machinery sub industries

in the field of shoveling machinery, due to the change of construction mode and the introduction of mortgage sales, the configuration proportion of excavators relative to loaders has gradually increased. The promulgation of the "Tenth Five Year Plan" for the development of bulk cement has led to a rapid growth in the demand for pumps and pump trucks, and the increase in the mileage of high-grade highways has made the roads to ensure the safety of experimental machines; The demand for surface machinery is expanding. With the advancement of urbanization, the market capacity of small construction machinery is gradually expanding

the adverse factors are the accelerated entry of foreign and private capital, which leads to the existence of these problems. As a result, China's plastic machinery industry cannot meet the expansion of foreign plastic machinery production capacity as soon as possible, and the competition is fierce. For example, the production capacity of the excavator industry will increase the most, reaching 41000 sets. In addition, inflation will bring cost pressure. The rise in steel prices in 2003 caused the average gross profit margin of the industry to decline. In 2004, the prices of means of production and means of living are expected to rise, which will also give the extruder industry endless momentum for development. Industrial competition will lead to product price cuts, which will compress the profit space of enterprises

in terms of industrial cycle, the global construction machinery giants are accelerating the transfer of production to China, making the industry a new high growth industry in China. By comparison, in addition to the differences in scale and profitability, the average PE of foreign construction machinery industry giants is about 20 times, while that of domestic industry leaders is only about 17 times. Therefore, at present, the pricing of domestic leading construction machinery enterprises is significantly underestimated, and they are optimistic about Changlin shares, Sany Heavy Industry, Zoomlion and Guilin Liugong

as the industry leaders of excavators and concrete machinery, Changlin, Sany and Zoomlion increased their net profits by more than 30% in 2004. The profit growth points of the three companies were the production of the joint venture subsidiary Jiangsu Hyundai, the rise of pavement machinery, and a series of mergers and acquisitions of the bid winning industry and Puyuan group. Guiliu work is the leader in the loader industry, and maintains a gross profit margin higher than the industry average through cost control