After the reorganization of the most Mars horse, t

2022-07-27
  • Detail

Xingma: after the reorganization, the heavy truck became the core and went hand in hand with the special vehicle

Xingma: after the reorganization, the heavy truck became the core and went hand in hand with the special vehicle

China Construction Machinery Information

Guide: on April 9, Xingma automobile released its 2010 annual report: in 2010, the company realized a business income for reference (the data for reference after the reorganization, the same below) of 8.012 billion yuan, a year-on-year increase of 59.40%, and a net profit attributable to the parent company for reference of 709 million yuan, a year-on-year increase of 117.99%, According to the total share capital of 406million shares after restructuring, the actual

on April 9, Xingma automobile released its 2010 annual report: in 2010, the company achieved a pro forma operating income (pro forma data after restructuring, the same below) of RMB 8.012 billion, a year-on-year increase of 59.40%, and a pro forma net profit attributable to the parent company of RMB 709million, a year-on-year increase of 117.99%. Based on the total capital stock of 406million shares after restructuring, the company achieved a fully diluted eps1.75 yuan. In the same period, the company announced that it would not make profit distribution in 2010

comments:

gave an investment rating of "overweight" for the first time. Xingma is a leading enterprise in the concrete mixer segment. The heavy truck business to be injected is in a period of rapid growth, which will bring new growth momentum to the performance. The highlight of Xingma lies in the increasing market share of heavy trucks and the industrial opportunities of concrete machinery. After the restructuring, the special vehicle and heavy truck business will play a synergistic effect and contribute to the greater improvement of the company's profitability. It is predicted that the annual fully diluted EPS of Xingma automobile after the reorganization and merger of Valin automobile will be 2.28 yuan, 2.73 yuan and 3.39 yuan respectively, and the annual dynamic P/E ratios calculated according to the closing price on April 8 will be 11 times, 9 times and 8 times respectively. Considering the uncertainty of the growth of the heavy truck industry in 2011, the investment rating of "overweight" was given for the first time

heavy truck will become the core product after reorganization. In 2010, Xingma automobile (before restructuring) achieved an operating revenue of 3.974 billion yuan, a year-on-year increase of 49.97%, and a net profit attributable to the parent company of 268million yuan, a year-on-year increase of 223.32%; Valin automobile achieved an operating revenue of 6.468 billion yuan, a year-on-year increase of 63.89%, and a net profit attributable to the parent company of 446million yuan, a year-on-year increase of 81.35%. Assuming that the income from the heavy truck chassis supplied internally after the restructuring is classified into special vehicles, it is estimated that the company's heavy truck business income will account for 51% in 2011, surpassing the concrete mixer as the company's new core product. "It's like a series of failed combinations

the revenue of concrete mixers increased by 69.21% and the gross profit margin increased. In 2010, thanks to the national investment of 4trillion yuan and the relevant policies of" improving the cement bulk rate ", the sales of special tank vehicles, especially concrete mixers, increased significantly. In 2010, the sales revenue of concrete mixer truck increased by 69.21% and the gross profit margin increased by 3.61%, which is the main growth point of the company's special vehicle business

Craig nikrant, head of special engineering materials business department of "heavy truck business expressway", expressed growth at the time of release. In 2010, a total of 1.015 million domestic heavy trucks were sold, with a year-on-year increase of 60%. In the same period, the growth rate of heavy truck revenue of Valin automobile was close to 64%, exceeding the industry average. At present, Valin automobile has formed high-end product series represented by xingkaima, medium and high-end product series represented by Valin heavy truck and lightweight product series represented by Valin star to meet the needs of users at different levels. In, the market share of the company's heavy truck products was 2.37%, 2.87% and 2.99% respectively. The company's heavy truck sales increased by 28% year-on-year, much higher than the industry growth rate of 7.1%, and its market share increased to 3.99%

the gross profit margin of Valin automobile has been steadily improved. In 2010, the gross profit margin of Valin automobile was 13.39%, 1.1% higher than that in 2009. This experimental machine meets the standard gb/t2976 ⑵ 004/iso 7802:1993 "experimental methods for winding metal materials and wires", and is at the leading level in the industry. In 2010, the net profit margin of Valin automobile reached 6.90%, showing strong profitability

Copyright © 2011 JIN SHI