Analysis on the development trend of construction

2022-08-20
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Analysis on the development trend of construction machinery segment market in 2012

analysis on the development trend of construction machinery segment market in 2012

China Construction machinery information

Guide: concrete machinery is expected to achieve a 20% growth in 2012 1) the market has not reached the saturation boundary, and the improvement of commercial mix rate continues to support the sales growth; 2) Real estate investment will still decline, but estimates show that even if the annual growth rate of real estate investment drops to 12%, the year-on-year growth rate of concrete machinery sales is still expected to reach 20%

concrete machinery is expected to achieve a 20% growth in 2012

1) the market has not reached the saturation boundary, and the improvement of commercial mix rate continues to support the sales growth

2) real estate investment will still decline, but estimates show that even if the annual growth rate of real estate investment drops to 12%, the year-on-year growth rate of concrete machinery sales is still expected to reach 20%

3) although the industry competition is intensified, the implementation of the agency system can buffer the impact of the competitive pressure in the end market on the company's financial performance, which is very attractive

4) the long-term industry risks are still in the foreseeable saturation of the concrete machinery market, and the aggressive sales strategy under the intensification of competition has brought about subsequent overdue and bad debts, but these risks are difficult to reflect in the near future, and the undervaluation of stocks provides investment opportunities

Therefore, using tepex to strengthen the performance of earth moving machinery in these areas is likely to be further lower than expected

1) the sales of excavators and loaders fell sharply from January to April, and it is expected that the annual year-on-year decline of 10% - 15%; 2) The miniaturization of product structure and the decline of average tonnage will lead to a more significant decline in sales, and 1 The relative humidity ≤ 80% affects the gross profit margin. 3) due to the light demand and fierce competition, excavators and loaders failed to raise prices as at the beginning of previous years

financial expenses have a more significant drag on the profit margin of earth moving machinery companies

the average net profit margin of earth moving machinery companies is low, while interest bearing liabilities grow rapidly, which has a greater impact on the already limited profit margin. According to the debt situation at the end of the first quarter, if the loan interest rate is assumed to be 5%, and the average annual borrowing in 12 years is similar to that at the end of the first quarter, the realization of green development and improvement of financial expenses alone will lead to a year-on-year decline of 12-16 percentage points in the net profit of earth moving machinery company in 12 years

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