Kunshan Chuanna Hydraulic Parts Co., Ltd
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Recently, domestic excavator parts have been released, and listed construction machinery companies have continuously disclosed their performance forecasts for the first three quarters, with most companies completing varying degrees of additions.
XCMG: The results meet expectations, the professional atmosphere is high, and the leading position is stable
XCMG released its Q3 2018 statement: In the first three quarters, it achieved operating revenue of 34.075 billion yuan, an increase of 58.17% year-on-year, and a net profit attributable to the parent company of 1.507 billion yuan, an increase of 93.85% year-on-year; During Q3, the operating revenue was 10.131 billion yuan, an increase of 42.63% year-on-year, and the net profit attributable to the parent company was 403 million yuan, an increase of 77.49% year-on-year.
The main reasons for XCMG's high performance in the third quarter were the increase in the overall market share of its central products, the expected injection of mixed ownership reform, and the improvement in financial quality.
As the big brother of the construction machinery industry, XCMG's product line spans across multiple categories such as lifting machinery, road machinery, compaction machinery, and large mining machinery, and is a multi material champion.
Product line bursts, leading position stable
Benefiting from the continued prosperity of the profession, its planning effect is flashing. In the first three quarters, XCMG Machinery's products were in the top camp of the profession, during which:
In September, XCMG excavator sales increased by 26.3% year-on-year, leading the industry in terms of growth rate; XCMG sedan cranes sold 1127 units, a year-on-year increase of 35%, with a monthly market share of 46%, ranking first; XCMG sold 322 road rollers, with a monthly market share of 25%, firmly ranking first; XCMG has sold 75 units of land levelers, firmly ranking first.
Only with surplus can we maintain stability and improve operational quality
Since the beginning of this year, XCMG's repayment level has significantly improved, and previous bad debts have been completely cleared. The company's property impairment losses have increased by 170.84% year-on-year; The net operating cash flow of the company is 1.921 billion yuan, and the quality of operations and gross profit margin have been improved and increased evenly.
Mixed transformation+excavator injection schedule to improve operational power
XCMG Group was included in the first batch of mixed ownership reform list and the "Double Hundred List" of state-owned enterprise reform in Jiangsu Province in the second half of the year. If the mixed ownership reform is smoothly completed, the group's high-quality assets will be injected into the listed company, and XCMG's operational power will be further improved. Domestic excavator accessories
Sany: The results meet expectations, the quality of property is optimized, and the leading position is comprehensively improved
Sany released its statement for the third quarter of 2018, stating that it achieved a revenue of 41.077 billion yuan, a year-on-year increase of 45.88%, a net profit of 4.883 billion yuan, a year-on-year increase of 170.90%, a non net profit of 5.232 billion yuan, a year-on-year increase of 238.50%, and an operating net cash flow of 8.732 billion yuan, a year-on-year increase of 26.92%.
The main reasons for the high increase in performance in the third and third quarters are the overall market share of the central products, the optimization of the company's product sales structure, and the improvement of financial quality.
The main operational tasks of Sany Heavy Industry are excavation machinery, concrete machinery, and lifting machinery, with these three major tasks accounting for up to 86%.
Benefiting from the high prosperity of the profession, various product lines burst forth
From January to September, the sales volume of excavator profession reached 156200 units, a year-on-year increase of 53.3%. During the period from January to September, Sany Company's excavator sales reached 35600 units, ranking first in the professional market and continuing the steady growth trend since 2018.
From January to September, the sales volume of professional sedan cranes reached 24700 units, an increase of 68.69% year-on-year. During this period, the company's sales volume of sedan cranes reached 5178 units, an increase of 77.21% year-on-year, surpassing the growth rate of professional cranes and steadily increasing its market share. With the promotion of prefabricated construction, there is an oversupply of tower cranes. Crane machinery is expected to have a growth rate of 10% to 20% in 2019.
In terms of concrete machinery, Sany pump trucks sold over 1200 units in the first half of this year, with a year-on-year growth rate of over 150%. It is estimated that they will continue to maintain high growth rates throughout the year.
Weak cash flow, profits remain high
During the period, the expense ratio decreased while the winning rate remained high. The financial expense ratio of the company from January to September decreased significantly from 3.44% in 2017 to 0.24%, during which the operating cash flow reached 8.732 billion yuan. The net profit margin for the third quarter remained at 11.5%, an increase of 4.4 percentage points year-on-year. The weak cash flow supports the steady development of the company, allowing it to maintain a high profit margin.
Zoomlion Heavy Industry Science and Technology Co., Ltd.: Results meet expectations, optimized financial quality, and high career prosperity
Zoomlion released its statement for the third quarter of 2018: The operating revenue for the first three quarters was 21035136622.24 yuan, an increase of 17.78% year-on-year, and the net profit attributable to shareholders of the listed company was 1302889785.44 yuan, an increase of 1.6% year-on-year.
The main factors contributing to the third quarter performance of Zoomlion Heavy Industry Science and Technology Co., Ltd. include the explosive growth of the central affairs sector and the strong professional prosperity.
Strengthening infrastructure and environmental protection, highlighting the leading position
Due to factors such as increased investment in infrastructure, stricter environmental protection measures, and equipment upgrades, the relay of cranes and concrete pump trucks to excavators has been greatly affected. Zoomlion Heavy Industry Science and Technology Co., Ltd., which seized the opportunity to strike while the iron was hot, has made a slight addition to its main business in the construction machinery sector. From January to September, Zoomlion Crane Machinery and Concrete Machinery maintained their top position in the domestic product market proportion; Starting from the second half of the year, the prices of its leading products have increased by 1% -5%, with a down payment ratio of 40%; Continue to adhere to the professional leading position in the construction of lifting machinery and long arm pump trucks.
Cash flow improvement, lifting machinery increases to meet high demand
The operational cash flow is stable, and the addition of sales receipts has significantly improved the cash flow, with accounts receivable reaching the highest level. Based on the financing environment and policy support, it is estimated that infrastructure investment will increase by 8% year-on-year for the whole year, driving high demand for cranes and pump trucks. It is estimated that the sales volume of the crane profession will increase by 50% to 60% throughout the year, and Zoomlion, as the industry leader, will benefit significantly. Domestic excavator accessories
Liu Gong: Positive results increase, infrastructure construction is vigorously promoted, and career prospects are high
Liugong released its statement for the third quarter of 2018, achieving a revenue of 13.466 billion yuan in the first three quarters, an increase of 54.69% year-on-year. The net profit attributable to the parent company was 715 million yuan, an increase of 135.81% year-on-year, and the net profit after deducting non profits was 657 million yuan, an increase of 139.60% year-on-year.
The increase in market share of central products and the stabilization and rise of infrastructure are the main reasons for LiuGong's high performance in the third quarter.
Benefiting from the high prosperity of the profession, the growth rate of loading and digging products is ahead of others
According to data from the Construction Machinery Association, the sales volume of loaders from January to September was 82100 units, an increase of 22.62% year-on-year; The sales volume of excavators was 156200 units, an increase of 56.21% year-on-year. Benefiting from the high popularity of the profession, as a leader in earthmoving machinery - Liugong, its core product excavator sold 10500 units from January to September, a year-on-year increase of 78.52%, with a market share of 6.72%; According to the semi annual report, the sales volume of the company's loaders has increased higher than that of the professional sector, and the market share has steadily increased.
Driven by infrastructure boom, boosting product sales
The landing of infrastructure projects is expected to drive the growth rate of infrastructure to stabilize and increase, and Liugong is expected to continue to benefit: from January to September 2018, infrastructure construction investment increased by 3.3% year-on-year. Following the National Standing Committee and Political Bureau meeting at the end of July to make up for the shortcomings in infrastructure, various infrastructure projects were vigorously promoted in various regions, which in turn boosted the demand for construction machinery and equipment. As a professional leader, Liugong benefited greatly.
Shanhe Intelligence: Net profit increased by 240%, stable overseas proportion, and enhanced competitiveness in the market
Shanhe Intelligent released its Q3 2018 statement, achieving an operating revenue of 3.963 billion yuan in the first three quarters, a year-on-year increase of 53.31%, and a net profit of 387 million yuan after deducting non recurring expenses, a year-on-year increase of 240.41%.
The investment and accumulation of main operations, coupled with the overall recovery and recovery of the profession, have become the main reasons for the high performance increase of Shanhe Intelligent.
Seize the opportunity and achieve fruitful results in sales
Since 2018, Shanhe Intelligent has seized the favorable policy opportunity of national infrastructure to fill the gaps, and has held more than ten customer exchange meetings in Guangdong, Gansu, Shaanxi and other places. By relying on products and services with ultra-high functionality and lean quality, we have obtained many contracts at various exchange meetings, which has driven sales performance.
Micro excavator exports over 10000, stable overseas proportion
Shanhe Intelligent is deeply involved in the main operation business. Taking micro mining as an example, its products have been deeply loved through deepening research and continuous innovation. Since 2003, it has been continuously exported to more than 60 countries and regions in five continents including Europe, America, Asia, Australia, and Africa. So far, the export sales of micro excavators have exceeded 10000 units, and the brand influence and international position are increasingly improving. Shanhe Intelligent relies on its excellent production quality and actively opens up overseas shopping malls, winning a stable proportion of shopping malls.
Shantui Shares: Results meet expectations
Shantui released its statement for the third quarter of 2018, stating that it achieved operating revenue of 6194973227.36 yuan in the first three quarters, an increase of 26.24% year-on-year. The net profit attributable to shareholders of the listed company was 85070656.85 yuan, an increase of 33.89% year-on-year.
Zhejiang Dali: Significant achievements beyond expectations, increased production capacity, comprehensive improvement of leading companies
Zhejiang vigorously released its third quarter report forecast, stating that in the first three quarters of 2018, the company achieved a net profit increase of 168.5 million yuan compared to the same period last year, an increase of about 74% year-on-year, and a non net profit increase of 135 million yuan compared to the same period last year, an increase of about 60% year-on-year.
The enhancement of product competitiveness, the release of new production capacity, and significant domestic effects are the main reasons for Zhejiang's strong performance and high growth.
New production capacity released, injection results added
Zhejiang Dali's small scissor products have been put into mass production, improving gross profit margin and optimizing product structure. In the first three quarters, sales of the arm type were 380 units, compared to over 200 units in the previous year, and the gross profit margin increased compared to the previous year. Together, the "Annual Production of 15000 Intelligent Micro Aerial Operation Pathways Technical Renovation Project" was put into operation in July, which not only increased the production capacity of micro scissors, but also directly contributed to the improvement of achievements.
Smooth expansion of domestic and foreign shopping malls with high sales volume
Now, Zhejiang is vigorously expanding its channels in European and American shopping malls, coupled with high overseas demand, resulting in an oversupply of products. In addition, Zhejiang vigorously strengthens cooperation with domestic high-quality rental companies to ensure high sales volume in China. During the third quarter, the proportion of domestic and foreign sales was 41%: 59%.
Hengli Hydraulic: Excellent performance, high career prospects, and great growth potential for hydraulic leaders
Hengli Hydraulic released its third quarter report, stating that in the first three quarters of 2018, the company achieved a revenue of 3.16 billion yuan, a year-on-year increase of 55.92%, a net profit of 719 million yuan, a year-on-year increase of 160.38%, and a non recurring net profit of 620 million yuan, a year-on-year increase of 136.12%.
Zhongda excavator pump valve is added at high altitude, releasing growth space
Now, as the leader of excavator oil cylinders, Hengli Hydraulic's medium and large excavation pump valves are fully equipped with domestic mainstream host factories such as Sany, XCMG, Liugong, and Lingong. The competitiveness of products continues to improve, and sales have significantly increased; Non standard heavy-duty oil cylinders still insist on rapid addition even when production capacity is partially occupied; The production capacity of hydraulic pump valves is gradually being released, small digging pump valves continue to increase, and medium and large digging pump valve production lines are gradually in place. The company's inventory, accounts receivable, and prepaid accounts have increased by 41%, 25%, and 91% year-on-year, respectively. The significant increase in orders in hand effectively ensures the rapid growth of the company's performance.
The planning effect flashes, and the surplus increases significantly
Benefiting from the addition of sales planning and the improvement of internal management power, Hengli Hydraulic's gross profit margin continued to increase in the first three quarters, while the management expense ratio (-1.02pct) and sales expense ratio (-0.83pct) both decreased. Multiple factors led to a significant increase in the company's earnings level. Domestic excavator accessories
Eddie Fine: Results meet expectations, financial quality is optimized, and leading positions are comprehensively improved
Eddie Fine released its third quarter report, achieving a revenue of 750 million yuan in the first three quarters of 2018, a year-on-year increase of 59.44%, a net profit attributable to the parent company of 175 million yuan, a year-on-year increase of 70.76%, and a non net profit of 175 million yuan, a year-on-year increase of 73.44%.
Company Address: No. 379, Junjin Road, Zhangpu Town, Kunshan City
Contact: Mr. Chen
Phone：18112623390
landline：0512-36863852