Today, let’s continue to track a branch of the infrastructure industry chain: the construction machinery industry chain.
From the recent growth of participants in the industrial chain:
Xcmg Construction Machinery Co.Ltd(000425) (Xuzhou, Jiangsu) – on April 18, the company disclosed the annual report of 2021. In 2021, the company realized an operating revenue of 84.328 billion yuan, a year-on-year increase of 14.01%, and the net profit attributable to the parent company was 5.615 billion yuan, a year-on-year increase of 50.57%. The performance was in line with expectations.
Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) (Hunan, Changsha) – in 2021, the company achieved a revenue of 67.13 billion yuan, an increase of 3.1% year-on-year; The net profit attributable to the parent company was 6.27 billion yuan, a year-on-year decrease of 13.9%; The net profit attributable to the parent company after non deduction was 5.83 billion yuan, a year-on-year decrease of 7.6%.
Guangxi Liugong Machinery Co.Ltd(000528) (Liuzhou, Guangxi) – in 2021, the revenue was 28.7 billion yuan, with a year-on-year increase of 10%, and the net profit attributable to the parent company was 995 million yuan, with a year-on-year decrease of 31%. The performance was lower than expected, mainly due to the downward demand for excavators in China and the high cost of raw materials.
Sany Heavy Industry Co.Ltd(600031) (Beijing) – in the first three quarters of 2021, the operating revenue reached 87.718 billion yuan, a year-on-year increase of + 20.34%; The net profit attributable to the parent company was 12.567 billion yuan, a year-on-year increase of + 0.91%, in line with market expectations. Profit growth is under pressure, mainly due to seasonal market fluctuations and rising raw material prices.
