Our company is the production roll forming machine.
Universal equipment production situation of the market. (1) in October, universal equipment manufacturing industry value-added year-on-year growth of 15.5% in September, up more than 1.8 percent growth for four months. (2), the main products of 92.1% growth engine speed than 42.4 percent last month, including automotive engine times. (3) nc machine tools, including rapid growth in the numerical control machine tools, metal cutting 19.4% growth increased 7.5%, CNC metal annulus annulus, forming machine growth 43.5% 17.3% growth.
Special equipment to maintain steady growth. (1) in October, special equipment manufacturing industry value-added year-on-year growth than last month, accelerate 11.8% 0.3 percentage points. To support and benefit from agricultural production, policies, including more optimistic growth GDP large tractor, mechanical growth, crop harvest 49.7% on mechanical 39.1% growth. (2) engineering machinery, including excavator growth accelerated growth, roll forming machine compaction machine 46.1% record growth, concrete mechanical growth disease, By last month of cement special-purpose machinery 4.1 per cent year-on-year drop into january-february period.
Demand is expected to remain stable growth. (1) the benefit of automobile sales growth rate, automobile engine in 100% above, as the new car, and the maturity of the car industry that we will get preferential policies with innovation, 2010 car sales will remain high, have continued to automobile engine speed, (2) fixed asset investment growth, keep on mechanical engineering needs remained strong, because in the fourth quarter in 2008-09 year 1 quarter for mechanical engineering stages, base is relatively small, at the bottom of the fourth quarter 2009-2010 quarter will remain high growth, 2010 year growth slowed slightly relative current may be, but is expected to keep the growth year 25-30%, (3) as the matrix of the equipment manufacturing industry, the machine of upstream performance, including high value-added steady growth of CNC machine with high technology content is optimistic, with growth in the downstream equipment manufacturing, the steady growth of equipment will generate stable growth in demand.
Investment strategy. For the mechanical industry, the market demand of the industry development trend of decision. (1) the stable growth of downstream demand, of which fixed assets investment and consumption for industry relative stable growth of the downstream of the company export growth, (2) the rise of peripheral demand for export of large enterprise positive impact, (3) of the Chinese dragon work (HK) 3339), weichai power (HK) and kunming 2338. Machine (HK) "long-term 300. Buy" investment rating.