BK0695 Construction Machinery Concept
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The 8th China-Russia Expo is being held today, and there is great potential for growth in trade between China and Russia
① A relevant Ministry of Commerce official said that the 8th China-Russia Expo will be held from May 16 to 21 in Harbin, Heilongjiang Province. Up to now, more than 1,400 enterprises from 44 countries and regions and 21 domestic provinces, regions and cities have signed up to participate in the exhibition. ② In the first quarter of this year, bilateral trade volume between China and Russia reached 56.68 billion US dollars, an increase of 5.2% over the previous year, and continued to maintain a good development trend.
Hengda Intelligent Control Science and Technology Innovation Board IPO terminated: “Clearance” dividends may be questioned by the market due to related transactions
① The IPO application for Hengda Intelligent Control Science and Technology Innovation Board was accepted by the Shanghai Stock Exchange on September 25, 2023. ② After the Shanghai Stock Exchange updated the status of the first round of review inquiries on October 26, 2023, Hengda Intelligent Control did not respond. ③ Industry insiders also said that Hengda Intelligent Control's withdrawal of the Science and Technology Innovation Board IPO application may have a certain relationship with related transactions and dividend ratios.
Strong inflow of foreign capital is another trend vane: Middle Eastern tycoons increase their presence in China, and multinational sovereign wealth funds continue to lay out A-shares
① The Abu Dhabi Investment Authority and the Kuwait Investment Authority held a large number of A-share listed companies in the first quarter; ② the Middle East Sovereign Fund also stepped up research on A-shares ③ Other overseas sovereign wealth funds are increasing their layout in the Chinese market.
Northbound Capital Purchase Report: Sany Heavy Industries received a net purchase of 212 million yuan
On May 9, Northbound Capital made a net purchase of 8,014 billion yuan throughout the day. Among them, Sany Heavy Industries received a net purchase of 212 million yuan, and Midea Group bucked the trend and received a net sale of 290 million yuan.
Emerging industry sector's contribution increased XCMG Machinery's net profit last year increased by more than 20% year-on-year | Financial Report Interpretation
① In 2023, the company's revenue decreased by 1.03% year on year; net profit to mother increased by 23.51% year on year. ② Emerging sectors such as aerial work machinery and mining machinery contributed more than 20%. ③ According to the company's business plan, the company's revenue is expected to increase by more than 5% in 2024.
International revenue accounts for over 60%. 31st Heavy Industries increased gross margin last year and net profit increased slightly | Financial Report Interpretation
① In 2023, the company's revenue decreased by 8.44% year on year; net profit increased by 5.53% year on year. ② Domestic revenue decreased by 31.97% year on year; international revenue increased by 18.28% year on year, accounting for more than 60%. ③ The company expects revenue growth of more than 10% in 2024.
The second phase of the China-Thailand Railway project was approved, and rail transit equipment is expected to fully benefit from the “Belt and Road” initiative
① Recently, the National Railway Administration of Thailand approved the second phase of the China-Thailand Railway project costing 341.4 billion baht (approximately RMB 66.8 billion). ② Changjiang Securities believes that rail transit equipment is expected to fully benefit from the “Belt and Road” demand boom.
Hengli Hydraulic: Pressure on excavator hydraulic products affects growth rate Mexican factory is expected to test production in Q2 | Annual Report Interpretation
① At the company's hydraulic parts production base in Mexico, the main project was basically completed during the reporting period, and trial production is expected in the second quarter of this year. ② In 2024, the company aims to achieve a 6% year-on-year increase in revenue.
Zoomlion Heavy Industry Science and Technology Reports FY Results
Overseas revenue exceeded 10 billion dollars for the first time, Liugong's net profit growth rate was higher than revenue last year|Annual Report Interpretation
① Last year, Liugong's revenue and net profit increased by 3.93% and 44.80%, respectively. ② The company's overseas revenue was 11.46 billion yuan, up 41.18% year on year, accounting for more than 40%. ③ Some projects of the Liugong excavator smart factory project have been completed, and the project reached the scheduled state of use at the end of July this year.
The share of overseas revenue rose, and Zoomlion Heavy Industries's net profit increased by more than 50% last year|Annual Report Interpretation
① The company's revenue and net profit last year increased by 13.08% and 52.04%, respectively. It is proposed to distribute a cash dividend of 3.20 yuan (tax included) for 10 shares, with a dividend rate of about 80%. ② In 2023, the company's overseas revenue increased 79.2% year-on-year, and the share of revenue increased to 38.04%.
Demand for electric product leasing is strong, Zhejiang Dingli plans to invest 1.7 billion dollars to build a new energy aerial work platform project with an annual output of 20,000 units
① Thanks to the increased demand for electric products from leasers, Zhejiang Dingli decided to increase the new energy layout; ② According to Zhejiang Dingli, the implementation of this project will not only further expand the company's production capacity, but also help optimize the product structure and cultivate new profit growth points.
The industrialization of flying cars accelerates and the 100 billion market is ready to go
① American flying car startup Alef Aeronautics said that pre-orders for its electric vertical take-off and landing (eVTOL) aircraft recently set a new record, with orders reaching 2,850. ② According to CICC Securities data, the global eVTOL market is expected to grow sharply from US$1.2 billion to US$23.4 billion from 2023 to 2030, with a CAGR of 52%.
January excavator data “corrected” after the holiday, many companies got off to a good start. The industry predicts that domestic sales in Q1 may be better than last year|Industry News
Total monthly sales ended the trend of continuous decline last year, and total excavator sales achieved positive growth in January this year. After the Spring Festival holiday, many machinery companies also spread good news and got off to a good start in sales. Does this mean that the downward cycle of the construction machinery industry is over, and the inflection point has quietly arrived?
More than 300 listed companies issued repurchase and increase holdings announcements on the same day: Ningde Times has completed repurchases of 1.7 billion yuan
Yao Ming Kangde announced earlier this morning that it plans to repurchase shares for 1 billion yuan; Sany Heavy Industries announced on January 31 that the chairman proposed a repurchase amount of not less than RMB 600 million.
BYD has obtained a patent for a hydrogen electrolyzer, and the green hydrogen project is expected to start intensively in 2024
① According to an announcement from the State Intellectual Property Office, BYD Co., Ltd. obtained a patent called “Electrolyzer End Plate, Electrolyzer, and Hydrogen Production Equipment”. ② China Aviation Securities Zou Runfang pointed out that the green hydrogen project is expected to start intensively in 2024, and demand for equipment will be released first.
Overseas business volume, Zoomlion Heavy Industries's net profit for the year increased by more than 40%
① The company expects net profit of 3.38 billion yuan to 3.62 billion yuan in 2023, an increase of 46.57%-56.98% year-on-year. ② The regions along the “Belt and Road” are the main contributors to the company's exports, and the future target is to account for more than 50% of the company's overseas business.
Heavy trucks are picking up, Weichai Power's performance has increased dramatically, and the 2024 heavy truck market is still promising
① Weichai Power released a performance forecast. Benefiting from the recovery of the heavy truck market and structural growth opportunities in the industry, the company's performance for the full year of 2023 is expected to increase by up to 90%; ② Industry insiders expect demand in the heavy truck industry to reach 1 million vehicles in 2024, and the heavy truck industry will perform well in the next few years.
Double benefit is coming! Can the nuclear power sector continue to rise and stop?
The agency anticipates that nuclear power will continue the rapid development trend in the future according to the normal approval rhythm of 6-10 units per year. It is recommended to focus on suppliers of core components for nuclear fusion and nuclear fission.
The low-altitude economy will “fly high”! Shenzhen invigorates the low-altitude aircraft industry, the starting point for commercialization of eVTOL stations|Industry News
In addition to buses, rentals, and shared travel, getting from one end of the city to the other, there is another new option — 130 km/h urban air traffic. As the low-altitude aircraft industry matures and low-altitude economic policies are gradually being improved, the air traffic ecosystem will no longer be an air pavement.