subject: Construction machinery industry bottomed out economy rebounded in 2010 to maintain a growth industry [print this page] Boom bottomed out pick-up Construction Machinery Industry 2009 January-August, construction machinery industry achieved a total turnover of 154.874 billion yuan, an increase of 8.95%; a total of a total profit of 1.256 billion yuan, an increase of 17.83 percent, a slight increase compared with the same period last year. We will first three quarters of 2009, construction machinery industry's key financial data listed with the reported data were compared. By mid-2009 the industry's leading data continue to experience negative growth, but the first three quarters of all the major financial indicators have been "regularized" in 2009 the first three quarters, engineering machinery industry, the liquidity ratio of listed companies, accounts receivable turnover ratio last year a slight increase over the same period, by mid-2009, compared with a relatively sharp increase in profitability and business operations and gradually increase the capacity, the industry began to rebound in the economy bottomed out. The domestic economic situation continues to improve in 2010 In November 2008, the state issued a decisive moment of economic crisis, with "4 trillion investment," including a series of economic stimulus package, and effectively curbed the downward trend in the economy, economic growth has been a certain amount of the guarantee. In addition, the World Bank forecast China's 2010 GDP growth of 8.7%, IMF forecast in 2010 China's economic growth by 8.5%. In November 2009, China Federation of Logistics and Purchasing released by China's manufacturing purchasing managers index (PMI) was 55.2, since November 2008 has been maintained for 12 consecutive months, the overall rising trend, and is located above the critical value of 50, indicating the economy into the expansion stage. There are indications that China's economy has started to recover journey. The industry to maintain rapid growth in 2010 In 2010 the industry's leading downstream, real estate, infrastructure, export and metallurgical mining industry, issued a four-pronged force, pulling the industry to maintain rapid growth. Thanks to our calculations, the above-mentioned four downstream in 2010 to boost sales of construction machinery industry, 288.799 billion yuan, up 26.3% year on year profit growth is expected to exceed revenue growth year on year. Steel prices rose moderately, the industry can enjoy low-cost, good It is predicted that by 2010, crude steel production ceiling of 639 million tons, while demand was 6.1 million tons, some 29 million tons of excess, but this does not represent a serious surplus of production capacity. We expect steel prices in 2010 on the basis of the current increased by 15% - 20%, the overall point of view, belongs to a moderate rise, construction machinery industry can enjoy low-cost positive.
Construction machinery industry bottomed out economy rebounded in 2010 to maintain a growth industry
