| Last year, the amount of machinery industry | | | | be Jiancang opportunity. |
| production and sales were 10 trillion mark for the first | | | | Machine tool industry |
| time, machine-building industry has been for 7 years, | | | | Differences in demand led to the development of the |
| the total amount of sales to a new level trillion yuan. | | | | machine tool industry division. 2009 Annuity cutting |
| According to Machinery Industry Federation expects | | | | machine tool was the recovery trend of the overall |
| 2010 sales growth of up to 15% of the profit growth of | | | | performance of the annual total sales of 580.3 |
| about 10%, export growth of 15% or so, beginning to | | | | thousand units, down 5.98%, one-month data shows |
| achieve shrinkage of policy adjustments do not | | | | that the recovery trend more evident. Metal cutting |
| change the industry recovery, but the industry does | | | | CNC machine tools perform better sales over the |
| not have the short-term Quotes of the kinetic energy | | | | year growth of 17.75 percent year on year, especially |
| out of an independent, of course, with the gradual | | | | last year 11,12 month, more than 60% year on year |
| disclosure of annual reports as well as the recovery in | | | | data. |
| exports is still no shortage of bright spots. | | | | Differences in the needs of the downstream industry |
| The strong support of the macro-economic recovery, | | | | leads to the differentiation of machine tool industry, |
| the machinery industry a noticeable improvement in | | | | China's equipment manufacturing industry constitutes |
| profitability: Since bottoming out in 2009 since the first | | | | trend of large high-grade, heavy-duty CNC machine |
| quarter, gross margins continued to improve; We | | | | tools of effective demand. |
| believe that the 2010 gross margin will continue to | | | | Railway equipment industry |
| further enhance the industry as a whole. | | | | Without fear "adjustment", the economy remains. |
| Construction Machinery Industry | | | | China Railway scheduling fixed-asset investment in |
| Urbanization and 4 trillion of investment inertia driven, | | | | 2010 will reach a record 823.5 billion yuan, of which the |
| real estate, an area of newly started to maintain under | | | | railway infrastructure investment in 2009 surged 79 |
| the influence of such factors as high, domestic | | | | percent, based on the 2010 will rise by nearly 17%, to |
| demand will continue to be relatively stable, while taking | | | | 7,000 billion yuan, the next three years, At least 700 |
| into account the resumption of growth in exports in | | | | billion yuan. In December 2009, the national rail freight |
| 2010, construction machinery industry will still be a good | | | | turnover year on year for the first time to positive, |
| performance. The stock market after this adjustment, | | | | which indicates that the Ministry of Railways goods |
| engineering machinery plate margin of safety has | | | | procurement constraints are removed, the |
| improved significantly, investment opportunities are | | | | macroeconomic policy adjustments not affect |
| becoming apparent. | | | | investment in the |
| Investment strategies: short term results, long-term look | | | | Ministry of Railways, "generous." |
| at the export. We look forward to the export of | | | | Railway investment with a clear anti-cyclical policy |
| construction machinery industry in 2010 to bring | | | | change not affect the industry's sustained prosperity. |
| surprises, but "stood out is not a spring," We count on | | | | The next few years, in addition to ordinary passenger |
| domestic demand will remain stable. Judging from the | | | | cars, locomotives, moving cars, trucks |
| current situation, we still insist on a stable domestic | | | | (macro-economic improvement, as well as result in |
| demand, exports improved judgments. Construction | | | | greater separation of passenger and cargo space) will |
| machinery industry as a strong cyclical industry by the | | | | be increased, and along with the gradual completion of |
| credit crunch, the impact of negative factors such as | | | | China's railway line, on-line equipment, particularly EMU |
| the short term, difficult to have a substantial rise in | | | | will be into focus the delivery period of 2010, the |
| power, but in the long term, the current strategy should | | | | beginning. |