Posts Tagged ‘Grim’
Chinese Construction Machinery Industry Began to Boom in Q1 of 2009 while the Export is still Grim
the first quarter of 2009, the newly added fixed investment in China 91 8 billion, an increase of over 50% over the previous year, pushing the development of industry in construction of infrastructure. Among the various infrastructure buildings, transport has been the tallest building strength. According to incomplete statistics, the investment would be restarted in the balance railways, roads and ports, more than 40 billion euros in the first quarter of 2009, which was closely linked to the earth and stone related machinery USD, lifting equipment, machinery and concrete mixer machine cannon. Only in February 2009, China had finished second in 93 billion USD investment in the construction of railways in a single month to more than 200% over the previous year. The investments in highways have been completed on June 4 billion in February, a year marked by 70% over one year. under the influence of the international financial crisis, the growth of the Chinese economy begins to slow down the speed. However, there are still enormous needs and potential needs of construction equipment in the Chinese domestic market. In terms of investment of 4 billion yuan by the Chinese government has issued 75% more or less relationships with construction projects. It is roughly estimated that the planned investment to replace 20-biilion U.S. domestic construction machinery market. On the night of April 26, 2009, Sany Heavy Industry Co., Ltd. has released the first quarter financial statements, said the company achieved operating revenue of 2. 847 billion yuan in the first quarter of 2009 by 6 Less than 9% last year, net income, subject to the parent company was 236 million yuan, by 21 8% over the previous year. Basic earnings per share amounted to 0 in 1589 yuan. 29 April 2009 Xuzhou Construction Machinery Group has published the first annual quarter of 2009. During the period, the net operating income of 735 million yuan, 15 87% compared to the previous year. Net losses were about 8 to 6 million yuan, down 36% compared to 13. 42 million yuan loss in 2008, a net loss of 0,016 yuan per share. 29 April 2009 Changsha Zoomlion Heavy Industry Science & Technology Development Co., Ltd has also announced its annual accounts in the first quarter of 2009, the company achieved operating revenue of 517 billion yuan third, an increase of 38 65% over the previous year and net profit of 301 million yuan. With influences operating costs have increased and so were the net profits of the company cut 17 72% over the previous year and earnings per share was 1977 yuan for a 0th 58 below. 87%. On April 29, 2009, Guangxi Liugong Machinery Co., Ltd. made their statement of financial position. During the period, the company generated total sales of two operations. 209 billion yuan, reduced by 10. 16% over the previous year, 151 million yuan in net profits of 8, 57% yoy. A significant improvement has been compared to a net loss of 49 million yuan in the fourth quarter of 2008 were made to achieve the 0th 32Yuan earnings per share. Most of the construction machinery in China in manufactured goods between the medium and low quality, but a definite advantage in price / performance ratio. In the circumstances of the depressed world market for construction equipment, there are relatively more choice opportunities for Chinese products. From January to February 2009 Import and export industry of China construction machinery were initially $ 88 billion, 26 percent lower than last year in which amounts of import were 660 million yuan, by 21 5% compared to the previous year, export figures were initially $ 21 billion, reduced With 2 to 29% last year, 550 million trade surplus with U.S.. In January-February 2009, Cumulative China imported 380 million USD of the total construction equipment increased 19% over 2008, representing 57% of total imports, 290 million dollars on the imports component output decreased by 23% over the previous year, representing 43% of total imports. Crawler Digger imports cost $ 120 million, a reduction of 41% compared to 2008, representing 32% of total imports of machinery. In the field of exports, China totally exported 770 million USD in building materials, 32 5% compared to 2008, or 645 of the total export amounts, volumes export components were down 22. 8% to nearly 440 million dollars over the previous year to account for 36% of total exports. However, Chinese manufacturers of construction machinery increased reliance on the export market, particularly in developing countries. The benefits are relatively low. It is difficult for Chinese products in construction machinery in overseas markets high quality, because giving the existence of the provision of components, problems of reliability and service. specify Please, source, reproduced For more information, please visit the
