Weichai Power: Three Core Businesses Will Maintain Competitive Advantage
The three core businesses will still maintain their competitive advantages in the next 3-5 years. The company will have outstanding profitability and strong resistance to industry cycles.
The three core businesses of heavy truck engines, heavy trucks, and transmissions will remain competitive in the next 3-5 years.
Unlike the market's pessimistic view of the company, the company believes that the company will maintain its competitive advantage in heavy truck engines and heavy-duty transmissions in the next 3-5 years, and the heavy-duty truck business will launch an impact on China National Heavy Duty Truck Group.
The company has outstanding profitability and strong resistance to industry cycles
Thanks to its hegemonic status in heavy-duty engine and transmission industries, the company enjoyed a high level of gross profit margin and outstanding profitability. In 2005, heavy-duty truck industry adjustment and declining demand for construction machinery showed good cyclical resistance; The heavy-duty truck industry may experience negative growth, but since steel prices will drop by about 15%, according to my calculations, the gross profit margin should be higher this year than this year.
Affected by various factors such as the country's emissions, economic downturn and other factors, the heavy truck industry may experience negative growth in 2009. The implementation of active fiscal policies will stimulate demand, the market may be better than expected, and the negative growth is expected to be within 20%; China will be in a period of rapid advancement of both heavy industrialization and urbanization. Investment will continue to grow at a rapid pace, and the transportation intensity will be high. The heavy truck industry will still have more room for growth.
Based on our neutral judgment that investment in real estate and mining in 2009 is basically the same as in 2008 and infrastructure investment growth is 25%, the domestic loader load needs to increase by about 8.5%. According to our calculations, domestic loader ownership at the end of About 500,000 vehicles will be retired after 4 years. In 2009, about 165,000 units will need to be added.
The three core businesses of heavy truck engines, heavy trucks, and transmissions will remain competitive in the next 3-5 years.
Unlike the market's pessimistic view of the company, the company believes that the company will maintain its competitive advantage in heavy truck engines and heavy-duty transmissions in the next 3-5 years, and the heavy-duty truck business will launch an impact on China National Heavy Duty Truck Group.
The company has outstanding profitability and strong resistance to industry cycles
Thanks to its hegemonic status in heavy-duty engine and transmission industries, the company enjoyed a high level of gross profit margin and outstanding profitability. In 2005, heavy-duty truck industry adjustment and declining demand for construction machinery showed good cyclical resistance; The heavy-duty truck industry may experience negative growth, but since steel prices will drop by about 15%, according to my calculations, the gross profit margin should be higher this year than this year.
Affected by various factors such as the country's emissions, economic downturn and other factors, the heavy truck industry may experience negative growth in 2009. The implementation of active fiscal policies will stimulate demand, the market may be better than expected, and the negative growth is expected to be within 20%; China will be in a period of rapid advancement of both heavy industrialization and urbanization. Investment will continue to grow at a rapid pace, and the transportation intensity will be high. The heavy truck industry will still have more room for growth.
Based on our neutral judgment that investment in real estate and mining in 2009 is basically the same as in 2008 and infrastructure investment growth is 25%, the domestic loader load needs to increase by about 8.5%. According to our calculations, domestic loader ownership at the end of About 500,000 vehicles will be retired after 4 years. In 2009, about 165,000 units will need to be added.
HAE wall printer height can customize between 2M to 3M, standard machine width is 3M, customer could order extra lead rail or do photo joint, so the printing width is limitless, and printing resolution up to 1440dpi
We developed new direct to wall inkjet printer with it own PC, and operated on tablet, the mural printing machine any print any format photo in any size on canvas, wood, wall, wall paper, tile, glass etc. directly
Direct To Wall Inkjet Printer, Zeescape Wall Printer,Inkjet Printer On Wall, Vertical Wall Decor Printer,Wall Paper Printer, Wall Inkjet Printer, 3D Wall Printer, Wall Printer Machine, Vertical Wall Printer
Wuhan HAE Technology Co., Ltd. , https://www.whwallprinter.com