The hottest Xiamen industry Co., Ltd. continuously

2022-09-21
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Xiamen Construction Machinery Co., Ltd.: internal potential tapping and continuous improvement of enterprise profitability

Xiamen Construction Machinery Co., Ltd.: internal potential tapping and continuous improvement of enterprise profitability

China Construction machinery information

guide if it is necessary to carry and read the electronic universal experimental machine: fully automatic clamping is widely adopted abroad. Xiamen Construction Machinery Co., Ltd. is the first tier manufacturer in the domestic loader industry, with a market share of 14.14%, second only to Liugong 20.32% and Longgong 18.17%. At present, the company is rapidly improving the excavator business, the second largest main business, so as to further enhance the overall anti risk ability and profitability of the company. It is expected that the loader business will develop smoothly

XCMG is the first tier manufacturer in the domestic loader industry, with a market share of 14.14%, second only to Liugong 20.32% and Longgong 18.17%. At present, the company is rapidly improving the excavator business, the second largest main business, so as to further enhance the overall anti risk ability and profitability of the company. It is expected that the loader business will develop steadily, but its profitability will be further improved; Excavator business will grow rapidly with the improvement of sales channels and the extension of product structure

the loader business increased slightly, and the profitability was enhanced.

the company's loaders are mostly short wheelbase products, flexible, efficient and energy-saving, which are relatively suitable for coal, iron ore, steel mills, real estate and other projects. The recovery of downstream industries such as coal, steel enterprises, iron ore and real estate has just begun, and the future demand trend tends to be optimistic. The launch of long wheelbase heavy-duty models is conducive to improving market share. At the same time, the company's products are mainly medium and low-end products, and there is a lot of room to further improve profits in the future

excavator business is still in the early stage of development

excavator business is still subject to the construction of sales channels and single product structure. At present, the production scale is small and the market share is low. The company has made some layout in 13 main sales areas, and is expected to make a breakthrough in sales in 2010. It is expected that the sales volume will reach 2000 units in 2010

internal potential tapping to improve profitability is worth looking forward to.

the company's internal potential tapping space mainly comes from three aspects: first, the improvement of management efficiency leads to the reduction of procurement costs; Second, the adjustment of production layout leads to the decline of sales expenses; Third, the operation management has brought about the improvement of profitability, which is expected to bring room for the improvement of% gross profit margin

profit forecast and valuation

we expect the company's operating revenue in 2009, 2010 and 2011 to be 5.12 billion yuan, 6.35 billion yuan and 7.73 billion yuan respectively. EPS is 0.192, 0.372 and 0.603 yuan respectively. The reasonable valuation is 9.3 yuan. Give an investment rating of "buy"

risk prompt

risk of market competition; The price of major raw materials fluctuated, and domestic enterprises began to transform the risk of wet diaphragm

finished product inspection and sheet 1 material index test suitable for industrial and mining enterprises

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