Net profit rose nearly 350% Nanzu Xugongkeji "Fall"
3 30 Xugongkeji released 2008 annual report, the reporting period, the company achieved operating income of 3.354 billion yuan, increasing 2.69% over last year; operating profit of 127 million yuan, up 210.24 percent over last year, attributable to parent the company owner's net profit 110 million yuan, up 346.75 percent year on year, while net profit in 2007 Xugongkeji up 347.85 percent year on year growth. This was the Xugongkeji net profit since 2006 after two consecutive years, profitability growth.
Machinery industry analyst in the investment adviser Kerry declared that paragraph, the data seem glamorous, but it can not prevent Xugongkeji in Construction Machinery The status of declining industries.
Xugongkeji once leading Chinese construction machinery industry enterprises, leading products Compaction Machinery , Earth-moving machinery , Road machinery And so has the leading level in China. But now, Xugongkeji current total market capitalization of only 13.7 billion yuan, less than Sany Heavy Industry Half, from Zoomlion 329 million were also far apart.
In Xugongkeji "fallen" behind the rise is the number of competitors. Bore the brunt of Sany Heavy Industry, 2007, Sany Heavy Industry Group not only sales of 13.5 billion yuan, more than 65% over the previous year, to achieve pre-tax profit of 4.02 billion yuan profit is the sum of the calendar year, profit and sales revenue by almost 30% , its overseas sales income is above 200 million U.S. dollars. Semi-annual report for 2008 shows that the company achieved operating income during the first half SANY 71 .. 9.3 billion, up 60.23 percent; net profit of 816 million yuan. Sany Heavy Industry from January to September 2008 to achieve main income 10.869 billion, up 55.82%, net profit of 1.083 billion. Although the decline in the financial crisis, but still the Xugongkeji far behind.
Another is Zoomlion, 2007 Zoomlion operating income 8.974 billion yuan, compared with same period in 2006 increased 92.67 percent, of which overseas sales reached 1.02 billion yuan, representing growth of 371.38 percent over the same period in 2006, the company attributable to shareholders of listed companies to achieve net profit of 1.334 billion yuan, up 176.43 percent. Third quarter 2008 net profit Zoomlion 1.392 billion yuan.
Not only be competitors in the industry behind them, the Xuzhou Construction Machinery Group, the Xugongkeji's status is also growing cake. XCMG present in the whole, the most profitable is to grow up from a loss of weight Xu Group. Xu weight group in 2007 for the 4.857 billion yuan of total assets, in January 2008 to July Hsu Chung revenue of 104 billion yuan, net profit of the first 7 months of nearly 8.0 billion. The Xugongkeji annual profit in 2008 was only 110 million yuan.
Xugongkeji seems aware of this. March 2, 2009 Xugongkeji Notice that non-public offering of shares to buy assets of matters reviewed by the SFC conditions. Xugongkeji will be 16.47 yuan / share the XCMG buy non-public offering of 3.4 million shares, buy Xugong affiliated companies and related trademarks equity ownership, property assessment value of 5.6 billion injection. If the smooth implementation of additional programs, Xugong's primary earning assets into listed companies will be fully equivalent to the overall market XCMG. Xugongkeji hope that the core assets of the parent company into its development into the most significant turning point on the road.
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