Summary results of continuous growth: machinery and equipment industry, 195 companies, 6 companies for 5 consecutive single-quarter profit growth of 20%.
The companies profit of 5 consecutive single-season average growth for the first quarter of 2009 were 35.01%, Q2 2009 51.93% 2009 78.85% in Q3 2009, 189.33% in Q4 2010, Part 1 quarter of 47.34%, mid-2010 Siyuan Electric, Hidenobu shares Clou Electronics announced the results of such notice.
Corporate profits grew from a single point of view, machinery and equipment industry nine companies among the TBEA,glue stick RXPE two companies continued to five single-season net profit grew over 30%. 5 TBEA continued growth in a single quarter net profit for 2009 were 41.29% in Q1, 2009 Q2 59.53% 2009 37.36% in Q3, Q4 2009 46.19% 2010 1 quarter of 33.95%. RXPE 5 consecutive quarter of net profit grew single of 2009 were 61.99% in Q1 2009, 34.81% in Q2 2009, 44.40% in Q3, Q4 2009 57.82% 2010 1 quarter of 60.98%. January to June 2010 is expected to shareholders attributable to net profit of listed companies grew over the previous year 30-60%, net profit of 67.6116 million yuan a year earlier,glue gun the performance changes due to market demand and the implementation of the previous year did not the contract.
From the earnings perspective, TBEA, Siyuan Electric, Weichai heavy machinery and equipment and other three stocks price-earnings ratio of 30 times, and their earnings were 20.51 times, 22.46 times, 28.98 times.
Industry Outlook: Since 2009, a quarter, the machinery industry as the domestic economic recovery, there is a clear V-reversal, earnings growth driven by accelerating demand for resumption of growth, cost reduction and cost decrease. With the advent of the property market a new round of regulation, we expect construction machinery and machine tools for early termination of the pace of recovery, and may fall back into the cycle; electrical equipment within the division in the future, the traditional demand growth will slow down a device, intelligent power, low-carbon equipment, and other fields will be rapid growth in demand remains; heavy mining machinery in the current cycle of boom times may be the shortest. Maintaining a neutral rating industry, machinery industry short-term investment focus should be shifted to smaller number of macro control, protection of future performance and growth, and valuations are not too big stocks.
Stock Market Performance: 5 consecutive months, single-quarter profit growth of 20% or more shares of machinery and equipment, Hidenobu shares, such as Wolong Electric shares rose during the two shares, or 9.57%, respectively, 1.22%.