Engineering machinery, machine tools earnings doubled.
First half of the construction machinery market achieved revenues of 82.182 billion yuan, an increase of 68.17%, net profit of 9.455 billion yuan, an increase of 122.74 percent; ROE 17.31%, an increase was 109.6%. First half of the machine tool market achieved revenues of 7.221 billion yuan, an increase of 58.29%, net profit of 485 million, an increase of 99.58%;
Machinery industry in the first half is the ideal operating conditions. Machinery Listed Companies in 2010 income of 416.058 billion yuan mid-term implementation, an increase of 31.99%, net profit of 30.224 billion yuan,glue stick an increase of 38.36%, weighted average earnings per share of 0.2071 yuan, the weighted average rate of 6.35% of net assets are less than two City average. Net cash flow from operating activities per share -0.0362 yuan, lower than the average level of the two cities.
Recovery of electrical equipment is relatively flat. First half of the electrical equipment market achieved revenues of 112.6 billion yuan, an increase of 18.97%, net profit of 8.6 billion, an increase of 19.78%; net assets yield 6.25%, up to -18.85%.
Heavy mining machinery business conditions in the doldrums. First half of the heavy mining machinery market achieved revenues of 18.433 billion yuan, an increase of 8.38%, net profit of 1.725 billion yuan, an increase of 3.21%; net assets yield 5.33%, up to -40.83%.
Machinery industry's future is still emerging industry based. Daily News revealed that in the first half strongly sensitive to economic cycles and construction machinery and machine tools continued strong recovery in the second half of last year,glue gun basically doubling of profit growth; and electrical equipment as transmission equipment, power generation equipment and a decline in demand growth, the performance relatively stable; heavy mining machinery by coal, electricity, oil, investment in basic industries, the impact of the growth rate is not high, the overall downturn in business conditions. Looking ahead, despite the first half of the construction machinery and machine tools for rapid earnings growth, but we also noticed the two sectors in Q2 earnings growth has been significantly lower than a quarter, we expect the second half of the machinery industry, the development gap between the various sub-sectors will narrow, rapid growth of construction machinery and machine tools engineering growth will moderate decline. Maintaining a neutral rating industry, the future focus is in line with economic restructuring is still an emerging industry, such as high-speed rail, nuclear power, smart grid, electric vehicles, parts, energy saving and emission reduction.