In the first three quarters of this year, the profitability of machinery, equipment, and instrumentation industries increased significantly. The industry believes that macro-control will not change the medium and long-term growth trend of the construction machinery industry.
According to statistics from the China Securities Journal Information and Data Center, as of October 30, the machinery, equipment, and instrumentation industries have disclosed that the total revenue of the company's main business rose by 21% year-on-year, total profit increased by 52% year-on-year, and industry net profit increased by 66% year-on-year. . According to the three quarterly reports, the net profit of Zhenhua Port Machinery, Sany Heavy Industry and Zoomlion for the leading company in the industry increased by 33%, 101% and 57%, respectively, from January to September.
According to Guo Yaling, CITIC Securities believes that the global transfer of manufacturing to China, the rapid growth of China's economy, and the long-term dependence on imports of a large number of high-tech and high-performance equipment have provided tremendous market demand and vast import substitution space for China's equipment manufacturing industry. In addition, China’s industrial modernization is in a phase of transition from upstream industries such as mining, ironmaking, and coal mining to midstream industries such as equipment manufacturing. With the improvement of independent innovation capabilities and the country’s high priority in revitalizing equipment manufacturing, it is expected that 5-10 years will be a golden period for the development of equipment manufacturing.
According to statistics from the China Securities Journal Information and Data Center, as of October 30, the machinery, equipment, and instrumentation industries have disclosed that the total revenue of the company's main business rose by 21% year-on-year, total profit increased by 52% year-on-year, and industry net profit increased by 66% year-on-year. . According to the three quarterly reports, the net profit of Zhenhua Port Machinery, Sany Heavy Industry and Zoomlion for the leading company in the industry increased by 33%, 101% and 57%, respectively, from January to September.
According to Guo Yaling, CITIC Securities believes that the global transfer of manufacturing to China, the rapid growth of China's economy, and the long-term dependence on imports of a large number of high-tech and high-performance equipment have provided tremendous market demand and vast import substitution space for China's equipment manufacturing industry. In addition, China’s industrial modernization is in a phase of transition from upstream industries such as mining, ironmaking, and coal mining to midstream industries such as equipment manufacturing. With the improvement of independent innovation capabilities and the country’s high priority in revitalizing equipment manufacturing, it is expected that 5-10 years will be a golden period for the development of equipment manufacturing.
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