Heavy-duty trucks boost the sales of agricultural machinery market
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Place of Origin:Zhejiang, China (Mainland)
Brand Name:HANRAY
Warranty:12 Months
OE NO.:480C
Type:air
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Size:OE Standard
Product name:Air Suspension Compressor Pump
Model Number:2610190
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Air Compressor VIAIR 480C
OE
480C
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1.Technical
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With the successive disclosures of the listed companies of the engine type listed in the first quarter of 2010, the overall performance of the companies in the first quarter has been fully demonstrated: the company's total assets have achieved substantial growth, especially the main business income and total profit have all significantly improved.
Among them, the heavy-duty truck engine market is "overwhelming" and agricultural machinery engine manufacturers have grown steadily after subsidies last year for agricultural machinery.
Heavy truck market is hot
Heavy truck diesel engine sales growth and heavy trucks are inseparable. This year, whether it is the country’s 4 trillion yuan investment in fixed assets to promote infrastructure construction or the country’s increase in vehicle “renewal†subsidy quotas, it has significantly stimulated the domestic truck market demand.
According to data from the China Association of Automobile Manufacturers, from January to March this year, China Heavy-duty Truck Group achieved sales of 50,800 diesel engines, an increase of 40.38% year-on-year. The company launched a new generation of high-end heavy truck leader HOWOA7 last year, after a short period of market introduction, sales began to grow steadily, led to the rapid growth of sales of heavy truck D12 series engines equipped with the car. It is reported that with the HOWOA7 dump trucks, mixers, mixed cement vehicles and other full-line models listed, the vehicle sales will continue to grow.
Weichai Power Co., Ltd. has also taken actions in the heavy truck business. Not long ago, Weichai and Foton Motor signed a strategic cooperation agreement. The two sides will further strengthen cooperation in product innovation, improving resource allocation efficiency, jointly developing markets, and jointly building market service networks. Some analysts believe that this move, while promoting the development of the Foton Middle and Heavy truck business, will undoubtedly create unique conditions for Weichai to further consolidate its leading position in the medium and heavy truck sector.
Guangxi Yuchai Machinery Group Co., Ltd. has also increased the development of heavy truck engines. In April this year, during the Beijing International Auto Show, four heavy trucks jointly built by CIMC, Chery Automobile and Yuchai Group were unveiled, including the heavy trucks. Yuchai's YC6K10 and YC6K12 engines have attracted attention and the market has great potential.
The market performance of Shangchai’s shares in April also benefited from the warming of the heavy-duty truck market, and sold more than 11,000 engines. According to the company's announcement, due to the rapid growth of the market for road machinery such as graders and road rollers in the project segment, “blowouts†have emerged, and the D114 engine’s production volume has continued to be driven in the near term. In addition, in the ship power market, the power station’s growth is more pronounced.
Xichai Aowei's products support the liberation of J6 heavy trucks, and monthly sales are stable at 3,500 units, which has led to significant growth in sales of Xichai. In terms of exports, only in January this year, the export volume of Xichai increased by 62.3% over the same period of last year.
Regarding the trend of the heavy-duty engine market this year, Xiehai Factory Manager Qian Hengrong believes that the overall trend of the market will be high and low. According to his analysis, from the current market feedback, the market demand is still very strong, this aspect comes from last year's orders, on the other hand also shows that the global financial crisis has little impact on the Chinese auto market. Moreover, driven by the country’s policy of expanding domestic demand, demand from construction machinery and other areas will not decrease in the short term, so the demand for construction vehicles will not be reduced. The reason for this is the decrease in government subsidies received during the reporting period.
The lower-than-expected growth in revenue in the first quarter was mainly due to the change in sales structure and the postponement of revenue recognition. The total sales volume of diesel engines increased slightly, mainly because the 90 series increased by more than 10%, while the sales volume of the company's headquarters declined; the change in sales structure led to a slight decrease in sales revenue. At the same time, part of the delivery contract was deferred until the second quarter as revenue was not finalized.
Last year, Yunnei Diesel Engine sales exceeded 60,000 units, and the operating loss was about 50 million yuan. In the first half of this year, with the completion of the relocation of the last production line, the overall relocation will be completed smoothly, and the impact of the relocation will be reduced. It is expected that the operating loss will be around 30 million yuan this year. Since this year's land subsidy (up to 156 million yuan) does not have to share the cost, it only needs to pay taxes. It is expected that the company's overall net profit will increase significantly this year.
“The phenomenon of policy factors leading to market overdrafts will appear sooner or later,†said Pan Zhongde, general manager of Quanchai Power Co., Ltd., “As a result, as early as the second half of last year, Quanchai has consciously developed new customers and strived for greater market share. In the first quarter of this year alone, Quanchai Power added a number of supporting enterprises such as Nanjing Automobile, Chang'an and Haima to increase the sales of approximately 10,000 diesel engines for the company, which accounted for 10% of the total diesel engine sales in the first quarter.
“We set goals from a prudent and stable perspective. Whether it is last year or the first quarter of this year, the situation is very good. In the first quarter, the company’s operating income was 77,900 yuan, an increase of 23.4% year-on-year,†said Su Jianchai general manager He Jianguang. “But we will judge that the situation in the second half of the year may be somewhat variable, especially on the subsidies for agricultural machinery. In the first half of this year, the subsidies for agricultural machinery were used more, and the subsidies for the latter period were overdrawn to some extent.â€
He Jianguang stated that the company’s current main product single-cylinder machine is in a downward aisle in view of the overall industry situation. “From the perspective of our company, although the single-cylinder machine still maintains steady growth, it must be refined. â€
Compared with a single-cylinder machine, Su Changchai’s multi-cylinder machines are showing signs of growth. He Jianguang disclosed that like last year, they set a target of 100,000 units for the sales of multi-cylinder machines. They did not expect to achieve a final figure of 123,100 units. A 50% increase will achieve a breakthrough, which will also be an important step for Su Changchai's product adjustment and integration.
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