Rating of leading enterprises in the loader indust

2022-10-12
  • Detail

Xiamen Construction Machinery Co., Ltd.: leading enterprises in the loader industry shareholding rating

Xiamen Construction Machinery Co., Ltd.: leading enterprises in the loader industry shareholding rating

China Construction machinery information

Guide: Xiamen Construction Machinery Co., Ltd. is mainly engaged in the manufacturing and processing of construction machinery products and their accessories. Among them, the construction machinery industry accounted for 98.11% of the main revenue. It is a large-scale first-class enterprise that focuses on the production of wheel loading series products by the state. We are also inspired by the structure of Nacre (mother of Pearl), and our market share ranks in the forefront of the industry. Xiamen workers use loaders

Xiamen Construction Machinery Co., Ltd. is mainly engaged in the manufacturing and processing of construction machinery products and their accessories. Among them, the construction machinery industry accounted for 98.11% of the main revenue. It is the backbone large-scale first-class enterprise of the national key production of wheel loading series products, and the market share of loader, the leading product of Xiamen Engineering Group, ranks in the forefront of the industry. With loaders and excavators as its pillar products, XCMG has established its leading position in the loader industry and has built the largest construction machinery manufacturing base in China. Today's investment shows that the predicted annual comprehensive earnings per share of XCMG are 1.16 yuan, 1.55 yuan and 2.06 yuan respectively, corresponding to dynamic P/E ratios of 15 times, 11 times and 8 times; Currently, there are 19 analysts tracking, among which 7 are recommended to "buy strongly", 11 are relatively high price "buy" and 1 are "wait-and-see", with a comprehensive rating coefficient of 1.68

in 2009, Mr. Cai kuiquan, the industry leader, entered the main building to vigorously develop excavators and deepen cost management. In order to make the main business profitable, we must first know which tolerance range is applicable to the plastic used. The gross profit margin increased from 14.47% in 2009 to 16.72% in 2010, which is the most important reason for the net profit surge of 480% in 2010. It is expected that, driven by factors such as the optimization of product structure, the improvement of production management, and the good operation of Jiaozuo base, the upward trend of XCMG's gross profit margin is expected to maintain

at present, loaders account for more than 60% of the main business of XCMG. In 2010, the company sold 34000 loaders, accounting for 15.9% of the domestic market, slightly lower than Liugong and Longgong, ranking third in the industry. According to securities analysis, among the planned total sales of 14 billion yuan in 2011, the loader is about 8.5 billion yuan, which is expected to increase by 37%

on February 22, 2011, XCMG announced that it would issue no more than 166 million additional shares privately and raise no more than 2.165 billion yuan for the technological transformation project of 15000 excavators, the second phase technological transformation and expansion project of XCMG machinery (Jiaozuo) covering machinery Co., Ltd. and the replenishment of working capital. The analysis shows that the fixed increase plan of XCMG reflects the general direction of the company's future development. Excavator as the company's main product will continue to maintain its position; Jiaozuo new base focuses on loader and forklift products, reflecting the company's determination to develop horizontally. The new production capacity will effectively alleviate the production capacity bottleneck that hinders the development of XCMG and lay the foundation for performance growth

XCMG is one of the leading enterprises in China's loader industry. During the period of sustained and rapid development of China's construction machinery, the company is expected to maintain a growth rate slightly higher than that of the industry. Xiangcai securities predicts that the earnings per share of the company in 11, 12 and 13 years will be 1.151 yuan, 1.643 yuan and 2.370 yuan respectively. Based on the closing price on March 25, the corresponding P/E ratios are 15.2, 10.7 and 7.38 times respectively, giving the "overweight" rating for the first time

risk factors: the price of raw materials such as steel fluctuates sharply

Copyright © 2011 JIN SHI