Abstract
According to the latest statistics of China Construction Machinery Association
of CCMA, sales revenue of China construction machinery industry in 2007
reached above CNY210 billion, ranking the fourth place in the entire China
machinery industry, ranking the second place in the world just after the
United States of America. Its existing market share accounts for one sixth of
the global total.
In 2007, China' s import and export of construction machinery industry
continued a roaring growth. According to statistics of General Administration
of Customs, China' s total trade volume of import and export of construction
machinery reached US$13.64 billion, up 52.6% year on year. In which, import
volume was S$4.94 billion, up 25.7% on year, and export volume was US$8.7
billion, up 73.5% on year, resulting in a trade surplus of US$3.76 billion.
China' s construction machinery industry will maintain a rapid growth in 2008,
in which product mix determines investment value. It is estimated that the
revenue growth rate of China' s construction machinery industry will be about
45% in 2008 and 38% in 2009. In the future development of China' s construction
machinery industry, the companies, which have advantages in product technology
and product mix, will have outstanding investment value.
From the perspective of regional sales of construction machinery, provinces in
central and west parts of China were on the top and the growth rates of sales
in these regions were also the fastest. Based on industry development track in
the past two years, we can draw the conclusion that the industry boom was
non-linear and growth in booming period was beyond company' s expectation.
Sales growth of construction machinery is close related with its downstream
industries, including real estate, railway construction and urban mass transit
construction. In the process of rapid development of China' s urbanization,
demand of real estate industry and infrastructure construction for
construction machinery is inevitably on the upward trend.
Table of Contents
1. Overview of Construction Machinery Industry
1.1 Overview of China
construction machinery industry,2007
1.2 Development trend of China
construction machinery industry,2008
2. Production, Sale and import &
export of Construction Machinery Industry
2.1 Shovel loader
2.2
Excavator
2.3 Bulldozer
2.4 Road roller
3. Influences on
Construction Machinery Industry
3.1 Basic driving force from growth in
fixed asset investment
3.2 Industry growth driven by new products
3.3
Rapid export growth driven by global economic growth
4. Risks of
Construction Machinery Industry
4.1 Macro retrenchment
4.2 Continuous
RMB appreciation
4.3 Sustained price hikes in raw materials such as steel
5. Prospect of Construction Machinery Industry
6. Key
Companies
6.1 Shantui Construction Machinery Co., Ltd.(000680)
6.1.1
Profile
6.1.2 Operating income, 2007-2008
6.1.3 Main business
6.1.4 Prospect
6.2 Xiamen Engineering Machinery Co., Ltd.(600815)
6.2.1 Profile
6.2.2 Operating income, 2007-2008
6.2.3 Main
business
6.2.4 Prospect
6.2.5 Risks
6.3 Sany Heavy Industry
Co., Ltd (600031)
6.3.1 Profile
6.3.2 Operating income,
2007-2008
6.3.3 Main business
6.3.4 Prospect
6.3.5 Risks
6.4 Taiyuan Heavy Industry Co., Ltd.(600169)
6.4.1 Profile
6.4.2
Operating income, 2007-2008
6.4.3 Main business
6.4.4 Prospect
6.4.5 Risks
6.5 Guangxi Liugong Machinery Co., Ltd.(000528)
6.5.1 Profile
6.5.2 Operating income, 2007-2008
6.5.3 Main
business
6.5.4 Prospect
6.5.5 Risks
6.6 Xuzhou Construction
Machinery Science & Technology Co., Ltd (000425)
6.6.1 Profile
6.6.2
Operating income, 2007-2008
6.6.3 Main business
6.6.4 Prospect
6.7 Changsha Zoomlion Heavy Industry Science & Technology Development
Co., Ltd(000157)
6.7.1 Profile
6.7.2 Operating income, 2007-2008
6.7.3 Main business
6.7.4 Prospect
6.7.5 Risks
Selected Charts
Growth of sales revenue of China construction
machinery industry over years
Growth of sales revenue of China
construction machinery industry by product, Jan.-Nov.2007
Rapid growth of
shovel loader export
Contrast of sales volume of key shovel loader
enterprises, Jan.-Aug., 2008
Sales ranking of China top 14 shovel loader
enterprises
Monthly sales of shovel loader, 2006-2007
Sales of shovel
loader products, Jan.-Oct., 2007
Top five provinces of sales, Jan.-Oct.,
2007
Faster growth of total sales volume of domestic shovel loader
Excavator Being the second of construction machinery sales volume
Contrast
of excavator market share in Jan.-May and Jan.-Oct., 2007
Sales volume of
China excavator, 2006-Jan.-Nov.2007
Exports volume of China excavator,
2006-Jan.-Nov.2007
Excavator sales by region, Jan.-Nov.2007
Export
proportion of Guangxi Liugong, 2005-1H2007
Sales volume of excavator
Operating expenses ratio and management expenses ratio
Main business
revenue and profit over years
Growth rate of main business revenue and
profit over years
Gross profit margin over years
Operating income,
2007 (unit: CNY10,000)
Business structure of Changsha Zoomlion,
1999-2009
Export proportion of Changsha Zoomlion, 2004-2010
Gradual
perfection of Changsha Zoomlion in global sales distribution
| 
