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The improvement of the economic benefits of the construction machinery industry can be further confirmed by the following indicators: At present, the industry's sales profit margin is 5.39%, the cost-cost profit margin is 5.69%, and the total asset contribution rate is 4.39. %, the value-added rate of capital preservation was 111.24%, which was 1.13, 1.24, 0.05, 2.25 percentage points higher than the average level of the machinery industry. These indicators are among the top 11 in the entire equipment manufacturing industry.
It is worth noting that, with the significant increase in sales revenue and profits, the sales costs, sales expenses, and corporate losses of the construction machinery industry have also increased significantly. Among them, from January to July, the cost of sales increased by 21.93%, which was close to the growth rate of sales revenue; sales expenses increased by 30.82%, which greatly exceeded the increase in sales revenue. These two indicators are higher than the mechanical industry average of 5.29 and 16.3 percentage points respectively. The fierce competition in the market can be seen in the promotion of the company's cost. In addition, the company’s losses have decreased, but the company’s loss has expanded to 36.31%, which is only slightly stronger in the 11 sub-sectors than in the heavy mining industry. As the competition has intensified, the finished products of construction machinery companies have grown rapidly, ranking first in the 11 sub-sectors, making the liquidity turnover rate lower than the industry average. The contrast between the average balance of liquid assets growth of 16.91% and the average balance of net fixed assets of 1.48% also confirms from another angle that the backlog of finished goods cannot be ignored.
According to relevant estimates, in the next few years, the investment for road construction in China will be more than 180 billion yuan each year, and the investment for railway road network construction will be as high as 270 billion yuan. Road construction is inseparable from road machinery. According to experience, investment in construction machinery generally accounts for 5% to 8% of the total project investment, which means that the demand for road machinery will greatly increase. In addition, the West-East Gas Pipeline Project is expected to have a total investment of more than 1,500 billion yuan, and construction machinery will also require various construction machinery. In order to protect the ecological environment, China will also increase the construction of water conservancy infrastructure. The construction of water conservancy infrastructure requires a large number of dredging and dredging equipment, earth and stone construction machinery, and special construction machinery for rescue and disaster relief. In order to support the domestic equipment industry, the state has made it clear that it will use domestic equipment and materials as much as possible. This is a rare opportunity for domestic construction machinery companies. Therefore, industry experts estimate that by 2005, the total demand for construction machinery in China is expected to reach a scale of about 76 billion yuan, with new sales of nearly 30 billion yuan and a new profit of 1.4 billion yuan.
From the perspective of product development, according to analysis by industry insiders, the plateau construction machinery that meets the requirements of the western region is suitable for special projects such as long-arm excavators, dredging vessels, high-passability mini-excavators, and dangerous rock excavators for water conservancy construction and rescue and disaster prevention requirements. Mechanical, small, simple, practical and inexpensive agricultural construction machinery is applicable to the construction of small cities and towns, landscaping and maintenance, forestry development, general or special construction machinery used by ports, railways, airports, highway maintenance and other industries, and some Export-oriented products such as forklifts and small vans that save labor, improve labor productivity, and reduce operating costs have a large consumption potential in domestic and foreign markets for a long period of time, and are worthy of attention by domestic construction machinery companies.
According to the analysis provided by China Machinery Industry Federation, from January to July, the sales revenue of the entire construction machinery industry increased by 22.34% year-on-year, which was higher than the average growth rate of the national machinery industry by 6.05 percentage points; the profit increased by 90.0% over the same period of last year. 59%, higher than the industry average growth rate of 40.32 percentage points; losses of loss-making enterprises decreased 5.13% year-on-year, better than the industry average of 8.82%.
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