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Weichai Power's operating income in the first quarter of 2011 was 18.45 billion yuan, a year-on-year increase of 21.63%, and the net profit attributable to the parent company was 1.85 billion yuan, a year-on-year increase of 14.43%.
In the first quarter of 2011, the company's engine production and sales boomed. According to statistics from the China Automobile Association, Shaanxi Heavy Duty Trucks, which is controlled by the company, sold 33,200 heavy trucks in the first quarter of 2011, an increase of 17% year-on-year. Engines produced by the company are sought after by the market. We expect engine sales in the first quarter to be around 190,000 units, a year-on-year increase. It reaches 30%.
Affected by the decline in gross profit margin of Shaanxi Zhongqi, the company's gross profit margin was lower than expected this quarter. The company's gross profit margin for the quarter was 23.03%, a year-on-year decrease of 2.08 percentage points. We expect the company's gross profit margin to decline mainly due to the drop in the gross profit rate of Shaanxi Heavy Steam. Judging from the decline in the gross profit margin of the company, we expect the gross profit margin of Shaanxi Zhongqi to decline by more than 4 percentage points year-on-year, and the rising steel and rubber prices have already brought greater operating pressure on the automakers.
In 2011, the heavy-duty truck industry is likely to be prosperous in the peak season and not in the off-season. From our investigations, the heavy-duty truck market started slowly after the Spring Festival, in which the demand for tractors was the weakest, the performance of dump trucks was slightly stronger, and the demand for cement mixers was the best. The dealers reported that due to the continued weakening of the road freight rates in the near future and the continuous increase in diesel prices, the profitability of transport companies has been deteriorating and the demand for tractors has been weakened.
According to historical experience, the current demand for logistics and transport accounts for 60% of the total demand for heavy trucks, while logistics demand is dominated by the transportation of bulk raw materials such as coal, steel, and iron ore. We believe that since most business managers judged 2011 as a year of rising prices in 2010, they began to reserve large quantities of raw materials in advance in the third quarter of 2010, which led to the strengthening of logistics transportation demand in the second half of 2010. It is the weakening of logistics transportation demand in 2011. We expect that when business operators restock their stocks of raw materials, the demand for heavy trucks will be driven. This phenomenon may occur in the second half of the year, resulting in heavy sales of heavy trucks during the peak season and an unfavorable sales situation in the off-season.
We expect heavy-duty truck sales in 2011 to show peak sales during the peak season and a non-poor sales pattern in the off-season, with annual sales growth of 5%.
Floor Grinding Machine have 2 types:
1. Floor Grinder with vacuum cleaner, working no dust.
2. Floor Grinder with water tank, cau working for floor grinding and polishing.
Function
Floor grinding, coarse concrete floor burnishing, old epoxy floor renovation, sealed curing floor polishing, marble ground maintenance.
Application:
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2.stone industry: polishing and maintenance for various stone such as marble granite.
Main scope: Concrete Grinding machines, Floor Polishing Machines, Road Line Marking Machines, Truck Cranes, Road Rollers, Excavators, Concrete Leveling Machines, Power Trowels and other Construction machinery .
Jining oking tec co.,ltd, established in 2010, is a professional manufacturer engaged in the research, development, production, sale and service of Concrete Grinding machines, Floor Polishing Machines, Road Line Marking Machines, Truck Cranes, Road Rollers, Excavators, Concrete Leveling Machines, Power Trowels and other Construction machinery .
We are located in Jining city,Shandong province with convenient transportation access. Dedicated to strict quality control and thoughtful customer service, our experienced staff members are always available to discuss your requirements and ensure full customer satisfaction.
In recent years, we have introduced a number of advanced production equipment, and also have an excellent production team and a complete quality assurance system to ensure that each batch of goods is delivered to customers in a timely and high quality.
We also have an excellent management team, experienced technical staffs and professional sales team to solve all problems you encountered before and after sales. In addition, we have obtained I S O 9 0 0 1:2 0 1 5 certificates. Selling well in all cities and provinces around China, our products are also exported to clients in such countries and regions as United States, Europe,Australia, Southeast Asia,Russia,the Middle East,Africa. We also welcome OEM and ODM orders. Whether selecting a current product from our catalog or seeking engineering assistance for your application, you can talk to our customer service center about your sourcing requirements.
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Jining Oking Tec Co., Ltd. , http://www.okingmachinery.com