If the contradiction in the continued growth of the excessive expansion of production capacity in the construction machinery industry is not resolved, the final construction machinery companies will experience the bitter consequences of blind investment.
“In recent years, the booming real estate market has also led to the development of the construction machinery industry.†Zhang Zheng (a pseudonym), as a representative of a construction machinery manufacturing company, came to attend the 13th China National Information Technology Summit Forum. He expressed his concerns to reporters of the "China Sankei Shimbun": "The construction machinery industry has the largest direct benefit from fixed asset investment, but there is currently a problem of overcapacity."
“This is by no means an alarmist. If the momentum of excessive overcapacity in the construction machinery industry continues to grow and the contradiction in oversupply of products is not resolved, then the final construction machinery company will experience the bitter fruit of blind investment,†said Zhang Zheng.
According to statistics, in the eight years since 2002, the sales volume of China's construction machinery industry has increased by nearly fourfold—from 77.3 billion yuan in 2002 to 310 billion in 2009, with an average annual growth rate of approximately 24.4%. Among them, the year-on-year growth rate in 2003 was as high as 38%, and the year-on-year increase was 37.2% in 2007.
Today, large and small construction machinery companies are still investing heavily in investment. On May 20, China Railway South Equipment Manufacturing Base held a groundbreaking ceremony. China Railway Group (601390) will invest RMB 3 billion to build five major projects: bridge steel structure, railway construction machinery, offshore engineering machinery, port construction machinery and wind power generation equipment, etc. . It is estimated that the project will be put into production in early 2012. By 2014, the annual output value of the project will reach 10 billion yuan.
On April 31st, Rongan Heavy Industry invested in Rongsheng Heavy Industry Co., Ltd., a well-known shipbuilding company in Jiangsu Province, held a high-profile demonstration meeting for construction machinery base construction. The site was selected for the total investment of the construction machinery base project in Bolu Technology Park, High-tech Zone, Hefei City, Anhui Province. With a total cost of RMB 6 billion, it will form an annual production capacity of 30,000 hydraulic excavators, 1,000 crawler cranes, 5,000 tower cranes, 17,866 truck cranes, and 500 rotary drilling rigs. It will become the largest project in China. One of the mechanical production bases.
What attracts companies to such a frenzied investment? The reporter tried to figure out from the many materials in the past industry. The economic prosperity index of China's equipment manufacturing industry shows that in the third quarter of 2009, the industrial sales output value, export delivery value, employees, product sales revenue, profits, and taxes of the equipment manufacturing industry have all increased, and the funds for finished products have been occupied. The net amount of accounts receivable was basically stable, and the coverage of loss-making enterprises was further reduced.
Cai Weici, executive vice president of the China Federation of Machinery Industry, said in an interview with the media: “On the one hand, the country’s active fiscal policy and moderately loose monetary policy have boosted the market demand for machinery industry to pick up. On the other hand, with the equipment The successive introduction of supporting policies for the adjustment of the manufacturing industry and the automobile industry and the revitalization plan have also clearly benefited the machinery industry."
"The rapid growth of the industry and the huge money-making effect are the incentives for companies to compete." Zhang Zheng, a representative of the above companies, told reporters.
In addition, the participation of foreign companies has increased the market competition in the machinery manufacturing industry. The reporter sent a telegram to the person in charge of a company in the Shanghai Industrial Park and said that the construction machinery products were almost invisible to the "profit-making era."
It is reported that the overall sales profit of China's construction machinery dropped from 5.73% in 2000 to 4.78% last year. Many companies have become foreign-funded parts processing and OEM companies, earning only processing fees.
According to Su Zimeng, secretary general of the China Construction Machinery Industry Association, the current overall status of the loader industry has changed to a low new entry threshold, increased threat of substitution, increased bargaining power of customers, high bargaining power of core component suppliers, and intense internal competition. This is the epitome of the entire construction machinery industry.
Su Zimeng believes that on the one hand, the domestic construction machinery market has excess production capacity of low-grade products, and the quality is uneven. This shows a competitive state of disorderly price cuts. On the other hand, the continuous emergence of import joint ventures has resulted in the market for high-tech and high-value-added construction machinery products. Competition has also become increasingly fierce. At the same time, some manufacturers of hydraulic components for construction machinery have expanded their markets and intensified the fierce competition in the market.
“The future development of construction machinery industry depends on the improvement of structural optimization and independent innovation capabilities.†Zhang Zheng stated that at the same time it is necessary to accelerate the pace of mergers and reorganizations of China’s machinery industry enterprises. Only in this way can China's machinery industry be able to bid farewell to the development model and be more partial. , the industry is big but not strong, and the basic technology is backward.
“In recent years, the booming real estate market has also led to the development of the construction machinery industry.†Zhang Zheng (a pseudonym), as a representative of a construction machinery manufacturing company, came to attend the 13th China National Information Technology Summit Forum. He expressed his concerns to reporters of the "China Sankei Shimbun": "The construction machinery industry has the largest direct benefit from fixed asset investment, but there is currently a problem of overcapacity."
“This is by no means an alarmist. If the momentum of excessive overcapacity in the construction machinery industry continues to grow and the contradiction in oversupply of products is not resolved, then the final construction machinery company will experience the bitter fruit of blind investment,†said Zhang Zheng.
According to statistics, in the eight years since 2002, the sales volume of China's construction machinery industry has increased by nearly fourfold—from 77.3 billion yuan in 2002 to 310 billion in 2009, with an average annual growth rate of approximately 24.4%. Among them, the year-on-year growth rate in 2003 was as high as 38%, and the year-on-year increase was 37.2% in 2007.
Today, large and small construction machinery companies are still investing heavily in investment. On May 20, China Railway South Equipment Manufacturing Base held a groundbreaking ceremony. China Railway Group (601390) will invest RMB 3 billion to build five major projects: bridge steel structure, railway construction machinery, offshore engineering machinery, port construction machinery and wind power generation equipment, etc. . It is estimated that the project will be put into production in early 2012. By 2014, the annual output value of the project will reach 10 billion yuan.
On April 31st, Rongan Heavy Industry invested in Rongsheng Heavy Industry Co., Ltd., a well-known shipbuilding company in Jiangsu Province, held a high-profile demonstration meeting for construction machinery base construction. The site was selected for the total investment of the construction machinery base project in Bolu Technology Park, High-tech Zone, Hefei City, Anhui Province. With a total cost of RMB 6 billion, it will form an annual production capacity of 30,000 hydraulic excavators, 1,000 crawler cranes, 5,000 tower cranes, 17,866 truck cranes, and 500 rotary drilling rigs. It will become the largest project in China. One of the mechanical production bases.
What attracts companies to such a frenzied investment? The reporter tried to figure out from the many materials in the past industry. The economic prosperity index of China's equipment manufacturing industry shows that in the third quarter of 2009, the industrial sales output value, export delivery value, employees, product sales revenue, profits, and taxes of the equipment manufacturing industry have all increased, and the funds for finished products have been occupied. The net amount of accounts receivable was basically stable, and the coverage of loss-making enterprises was further reduced.
Cai Weici, executive vice president of the China Federation of Machinery Industry, said in an interview with the media: “On the one hand, the country’s active fiscal policy and moderately loose monetary policy have boosted the market demand for machinery industry to pick up. On the other hand, with the equipment The successive introduction of supporting policies for the adjustment of the manufacturing industry and the automobile industry and the revitalization plan have also clearly benefited the machinery industry."
"The rapid growth of the industry and the huge money-making effect are the incentives for companies to compete." Zhang Zheng, a representative of the above companies, told reporters.
In addition, the participation of foreign companies has increased the market competition in the machinery manufacturing industry. The reporter sent a telegram to the person in charge of a company in the Shanghai Industrial Park and said that the construction machinery products were almost invisible to the "profit-making era."
It is reported that the overall sales profit of China's construction machinery dropped from 5.73% in 2000 to 4.78% last year. Many companies have become foreign-funded parts processing and OEM companies, earning only processing fees.
According to Su Zimeng, secretary general of the China Construction Machinery Industry Association, the current overall status of the loader industry has changed to a low new entry threshold, increased threat of substitution, increased bargaining power of customers, high bargaining power of core component suppliers, and intense internal competition. This is the epitome of the entire construction machinery industry.
Su Zimeng believes that on the one hand, the domestic construction machinery market has excess production capacity of low-grade products, and the quality is uneven. This shows a competitive state of disorderly price cuts. On the other hand, the continuous emergence of import joint ventures has resulted in the market for high-tech and high-value-added construction machinery products. Competition has also become increasingly fierce. At the same time, some manufacturers of hydraulic components for construction machinery have expanded their markets and intensified the fierce competition in the market.
“The future development of construction machinery industry depends on the improvement of structural optimization and independent innovation capabilities.†Zhang Zheng stated that at the same time it is necessary to accelerate the pace of mergers and reorganizations of China’s machinery industry enterprises. Only in this way can China's machinery industry be able to bid farewell to the development model and be more partial. , the industry is big but not strong, and the basic technology is backward.
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