subject: Recovery Process In The First Quarter Of Negative Growth In Printing And Packaging Equipment - [print this page] Machinery industry in 2009 listed a total of 146 companies operating income 460.645 billion yuan, up 1.43%, achieved 29.53 billion yuan net profit attributable to parent company, fell 0.73%, industry 18.2% of listed companies in the overall gross profit margin. The first quarter of 2010, the industry recovered strongly. TX care studies, to energy-saving Environmental protection Equipment, Machine tool , Railway equipment, aerospace, heavy mining equipment, five sub-sectors "overweight" investment rating.
Concerned about the recovery process of the three themes of opportunity Machinery Industry
2009 of machinery industry total of 146 listed companies operating income 460.645 billion yuan, up 1.43%, achieved 29.53 billion yuan net profit attributable to parent company, fell 0.73%, industry 18.2% of listed companies in the overall gross profit margin. The first quarter of 2010, the industry recovered strongly, with total revenue of 118.999 billion yuan, up 35.8%, net profit of 8.16 billion yuan, up 57.03 percent.
Major sub-sectors were different in the first quarter, the overall increase profitability
Our main sub-sectors by studying mechanical listed company in 2009, the first quarter of 2010 found the operation: Construction Machinery , Shipbuilding and marine equipment, heavy mining equipment, Oil Drilling equipment, strong profitability per share in 2009, construction machinery and oil drilling equipment, earnings per share were 0.5 yuan, heavy mining equipment and construction machinery return on equity reached 20%. The profitability is relatively weak Textile Machinery, Abrasives Listed companies report quarterly losses.
2009 annual revenue growth followed by rapid combustion engines, railway equipment and construction machinery, the growth rate was 24.28%, 20.33%, 18.51%. The shipbuilding and marine equipment, abrasive, bearing a greater decline in revenue year over year. The first quarter of 2010, abrasive, bearing, textile machinery, engineering machinery year revenue growth rate of more than 60%. The printed Package Equipment, Valve Hydraulic equipment, oil drilling machinery, negative growth.
Machinery industry in 2010 points the second half of investment strategies and investment
Follow the theme of energy saving environmental protection, industrial upgrading, the theme of M & A theme, combined with a quarter of sub-sectors and listed companies in operation, we recommend investors focus on the second half: energy saving equipment, machine tools, railway equipment, aerospace, heavy 5 sub-sectors mining equipment. Listed companies, we propose to focus on: air conditioning refrigeration has a low carbon economy, consumption in the subject Yantai Moon, and River Run with the theme of environmental protection shares, Keda Electrical, Tellhow technology.
Machine tool industry Qinchuan development of Kunming Machine Tool, Pegasus shares. Aerospace and other military equipment in the aircraft heavy machine, Hafei, Hongdu Aviation. Engineering machinery and real estate market is not very close relationship breakdown product corresponding to the listed companies Xugong, Anhui Heli, Hill pushed shares. Railway equipment manufacturing industry, a strong comprehensive strength of China North China South Locomotive and cars, as well as leading Jinxi Axle and axle to benefit from high-speed railway construction leading Jin million high-speed rail fastener industry. Marine equipment in CIMC. Seiko leading steel building steel structure. Diesel engine industry sedan project has energy saving effect of cloud dynamics and navigation within the shipping industry to benefit from the rapid development of Weichai heavy machinery.
