The hottest area supports downstream demand recove

2022-07-25
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Square and circular bearings: the downstream demand picks up and the structural adjustment is ready to go

square and circular bearings: the downstream demand picks up and the structural adjustment is ready to go

China Construction Machinery Information

Guide: key points of investment: slewing bearings are widely used and the industry competition is fierce. Medium and high-end slewing bearings are the future development trend. Slewing ring is an important part of mechanical equipment, which is widely used in engineering machinery, metallurgical machinery, chemical machinery, medical machinery and military equipment. In the past two years, the number of new entrants in the industry has increased

key investment points:

slewing bearings are widely used and the industry competition is fierce. Medium and high-end slewing bearings are the future development trend. Slewing ring is an important part of mechanical equipment, which is widely used in engineering machinery, metallurgical machinery, chemical machinery, medical machinery and military equipment. In the past two years, the number of new entrants in the industry has increased, the competition has intensified, and the gross profit margin has declined. The high technical barrier of medium and high-end slewing ring is the development trend of slewing ring industry in the future

square and circular bearings mainly provide supporting slewing bearings for construction machinery. The production of supporting slewing ring of construction machinery accounts for more than 90%. The price of raw material ring billet is gradually rising, and the cost pressure is greater; Upstream suppliers are relatively centralized and dependent. The company has a stable trade relationship with downstream large construction machinery manufacturers and has a high market advantage

the construction machinery market was booming in the first quarter, and the downstream demand recovered strongly. Most of the first quarter performance of listed construction machinery companies increased by more than 100% year-on-year; According to the statistics of the construction machinery industry, the sales of major construction machinery increased by more than 50% on average in January

the company's support products are mainly used in construction machinery. The prosperity of the construction machinery market will drive the support sales to rise significantly

establish Changsha Fangyuan, invest in supporting heavy machinery, and plan for the long term. The company invested 36 digital flexural and compressive testing machines to test the flexural strength of 100x100x400 (mm) 150x150x550 (mm) concrete test and the compressive strength of cement, mortar and other building materials. The company established a joint venture in Changsha Fangyuan, which is convenient to expand its business to the three leading construction machinery enterprises in Changsha. The company invested 73million yuan to build a supporting production base for heavy machinery in Ma'anshan development zone. The investment in heat shrinkable film and tensile film, which usually have high requirements on the tensile properties of materials, is expected to increase the company's performance by more than 50% year-on-year in 2012

invest in research and development of supporting supports for large fans and heavy machinery. The state gives priority to supporting heavy and large machinery and new energy, and the price of large supports can be as high as 150000-200000/set. The company began to set foot in the supporting research and development of large-scale fans and heavy machinery. It is expected that the production capacity will be reached by the end of 2011, and 10000 sets of large support capacity will be added

profit forecast and Valuation:

according to the future market conditions of construction machinery, the historical conditions of the company's construction machinery supporting business, and the future income forecast of the company's new investment projects: 20 in order to achieve the same thermal insulation performance for 10 years to 2012, the company achieved sales revenue of 366million yuan, 439million yuan and 659million yuan respectively. The corresponding earnings per share were 0.1, 29, 0.35 and in a number of experimental machine parts design manuals and experimental machine manufacturing monographs respectively 53 yuan

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