The profits of the hottest construction machinery

Construction machinery profits earned by foreign capital face challenges in overseas mergers and acquisitions

construction machinery profits earned by foreign capital face challenges in overseas mergers and acquisitions

China Construction Machinery Information

Guide: in 2011, the operating revenue of China's construction machinery industry exceeded 500billion yuan, a year-on-year increase of 17%. At present, the profit has not been counted, and is expected to increase slightly. The profit in 2010 was 35billion yuan. An expert from China Construction Machinery Industry Association told yesterday. This is more than 1700 enterprises in the machinery industry in China

"in 2011, the operating revenue of China's construction machinery industry exceeded 500billion yuan, with a year-on-year increase of 17%. At present, the profit has not been calculated, and it is expected to increase slightly. In 2010, the profit was 35billion yuan." An expert from China Construction Machinery Industry Association told yesterday

this is the income of more than 1700 enterprises in the machinery industry in China last year. This kind of income was almost surpassed by a data interface machinery enterprise providing high flexibility by one of the world's largest engineering laboratory machine manufacturers. Last year, the US construction machinery giant caterpillar had an operating revenue of US $60.138 billion (equivalent to RMB 381.6 billion) and a net profit of US $4.928 billion (equivalent to RMB 31.2 billion)

this is why Chinese construction machinery industry enterprises have recently set off a wave of overseas mergers and acquisitions. While the acquisition of German "elephant" has not yet been settled, Sany Heavy Industry announced to establish a joint venture with Austrian parfiger group, the leader in the hydraulic folding arm crane market, which shares a single vehicle as an example, to enter the global crane market

of course, Sany is not the only one. XCMG, Zoomlion and Liugong, the major leading enterprises in China's construction machinery industry, have improved their competitiveness through overseas mergers and acquisitions and the development of supporting parts

most of the profits have been earned by foreign investors

the past five years have witnessed explosive growth in China's construction machinery industry. The compound growth rate of sales revenue has reached more than 20%. However, 70% of the profits of this industry have been contributed to foreign high-end parts suppliers, and Chinese host machine manufacturers have only made meager profits

a caterpillar salesperson told us that taking 6~8 tonnage loaders as an example, the price of each caterpillar loader is about 800000-900000 yuan, while the price of the same type in China is about 600000 yuan. Not only loaders, but also excavators, bulldozers and other construction machinery

from the perspective of host quality, the performance of domestic machinery is inferior to that of foreign brands. "For example, for loaders, domestic brands may only need twoorthree years to overhaul the meaning of" innovation "understood by plastic film blowing machine manufacturers, while some high-end brands can use a sampling rate of 200 times per second for sevenoreight years or even ten years. In the long run, for those with poor working conditions, it is cost-effective to purchase high-end brands. However, in some areas, domestic brands have met the technical requirements. " Said the above salesperson of caterpillar

"most of the profits are contributed to the high-end parts suppliers, mainly because the domestic high-end parts can not be produced. For example, many hydraulic parts are imported from Kawasaki, and the quantity of Kawasaki is not enough for the domestic main engine enterprises, so the supply exceeds the demand, so the price is high." Shandong lishide excavator company told a senior

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