Sany Heavy Industry's main business is expected to

Sany Heavy Industry's main business is expected to grow faster than expected

Sany Heavy Industry's main business is expected to grow faster than expected

China Construction machinery information

Introduction: in the off-season, Sany Heavy Industry's prosperity reached the best level in the same period in history, and the company's production and sales data reached the best level in the same period in history. The sales volume in January was 1.5 billion yuan, and fell slightly in February due to the impact of the Spring Festival, Far higher than the level of 300 million and 800 million yuan in the same period in 2009. The company currently produces

in the off-season, the prosperity of Sany Heavy industry reached the best level in the same period in history, and the monthly production and sales data of the company reached the best level in the same period in history. The sales in January was 1.5 billion yuan, which fell slightly month on month in February due to the influence of the Spring Festival, far higher than the level of 300 million and 800 million yuan in the same period in 2009. At present, the company has full production tasks and abundant orders. Combined with our judgment of the industry, we expect that the operating performance of the company in the first half of the year may continue to exceed market expectations

the demand for infrastructure investment equipment remains strong, and the demand for real estate deserves attention. We believe that the demand for construction machinery procurement from infrastructure investment will still maintain a certain growth in 2010, and real estate is still the downstream demand with the greatest elasticity. According to the current information, we are still relatively optimistic about the new construction of real estate in 2010:

first, the current policy to crack down on land hoarding has a certain stimulating effect on the new construction. At the same time, due to the hot sales and the lag of real estate development in the second half of last year, the stock of houses has been reduced to a historically low level in recent years, forcing enterprises to increase new construction. Combined with our grassroots research, the real estate construction in the second and third tier cities in the central and western regions is very active. At the same time, the listed real estate companies have a large new construction plan in 2010. We believe that there is a great possibility that the new construction of real estate will exceed the expectation in the first half of 2010. In addition, the construction of affordable housing in 2010 has significantly exceeded that in the past. This year, the two sessions put forward the goal of 3 million affordable housing and 2 million shantytowns in 2010. If calculated by 100 square meters per set, it is equivalent to 43.3% of the new construction area in 2009

the injection of truck cranes will increase the company's performance. In 2010, the company will honor the commitment of share reform and inject the assets of truck cranes and other construction machinery of the group company into listed companies. In 2009, the group company sold 1412 wheeled cranes, with a sales revenue of 1.418 billion yuan. The steel bar twists and turns experimental machine has a market share. It can be widely used in steel metallurgy industry, steel frame, concrete components, construction engineering decoration building materials, construction steel bar production and manufacturing companies, as well as their quality supervision institutes, engineering project quality inspection stations, scientific research institutions, colleges and universities, with an enterprise rate of 5.1%. In 2010, the company plans to produce 3500 sets, and the sales target in 2012 is 10 billion yuan

the overseas market is expected to become a new engine for the company's development in the future. Sany group plans to reach 100 billion yuan in sales revenue in 2012, of which the proportion of exports has increased from less than 10% in 2009 to 50%. While completing the global industrial layout through a series of overseas investment and plant construction, the company has made full preparations in product international certification and marketing. At present, Professor Chen Yongsheng's team is further studying and verifying such mechanisms and technology research and development. At present, the performance of the company's products is close to the first-line brands in Europe and America, and has advantages in cost performance and after-sales service, We believe that the overseas market is expected to become a new engine for the company's development in the future

the growth prospect is clear. Maintaining the "recommended" rating, the company's EPS is predicted to be 1.50, 2.12 and 2.73 yuan in the year, and the corresponding PE is 21.0, 14.8 and 11.5 times. We believe that the current stock price has reflected the most pessimistic expectations of the market. At present, the company's operating performance is good and sustainable, and there is a possibility of exceeding expectations in the future, so we give the "recommended" rating

GB/T 1040 (1) 992 test method for tensile properties of plastics