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2022-08-04
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China Heavy Industry: the price rock of the third quarterly report exceeding the expectation has been resolved

China Heavy Industry: the price rock of the third quarterly report exceeding the expectation has been resolved

China Construction Machinery Information

Guide: on October 25, China heavy industry announced the third quarterly report. The quarterly report showed that the company achieved a monthly revenue of 35.436 billion yuan, and the net profit attributable to shareholders of listed companies was 2.627 billion yuan, a year-on-year decrease of 27.48%, and the decline in net profit was 16 percentage points narrower than the semi annual report. The company's operating conditions have improved mainly

on October 25, China heavy industry announced its third quarterly report. The quarterly report showed that the company achieved a monthly revenue of 35.436 billion yuan, and the net profit attributable to shareholders of listed companies was 2.627 billion yuan, a year-on-year decrease of 27.48%, and the decline in net profit was 16 percentage points narrower than the semi annual report

the improvement of the company's operating conditions mainly benefits from the following two aspects: on the one hand, the civilian ship industry has stabilized and recovered. According to the statistical data of Clarkson in the United Kingdom, the price indexes of the three major ship types have shown a continuous upward trend since this year. In September 2013, the price indexes of new bulk carriers, new oil tankers and new container ships with unstable speed were 124, 147 and 77 respectively, which were the highest points in the year, The leading indicators of volume and price of the civilian ship industry have shown signs of recovery

on the other hand, China Heavy Industries is the largest listed military company in China and the only listed military company among the shipbuilding enterprises. Not long ago, China Heavy Industries announced that the first three quarters' hand-held orders exceeded 100billion yuan, and the company's new orders for military industry, military trade and marine equipment amounted to 55.484 billion yuan. The output air volume from resource-based management to capacity-based management will reduce 9 times of the new orders in the same period of change, accounting for 61.22% of the total new orders. With the commencement of military industry and military trade orders, the contract amount gradually turns into revenue, and the year-on-year decline of China heavy industry's business indicators is expected to be further narrowed

at present, the securitization of Major General Assembly assets of military industry of the company is progressing smoothly, and has been reviewed and approved by the State Administration of science, technology and industry for national defense and the state owned assets supervision and Administration Commission, pending the approval of the CSRC. The senior management of the company said at the shareholders' meeting that after the restructuring of the research institutes is completed, the research institutes with stronger profitability will be injected into the listed companies at the right time. It can be predicted that China heavy industry will continue to lead the process of China's military asset securitization and achieve rapid development

on October 11, foreign media reported that the aircraft carrier Ford of the US Navy was launched. The Ford cost more than 10billion US dollars, carrying a variety of the world's most advanced technology and equipment, and was known as a super aircraft carrier. On October 17, the media reported that the latest American jumwalt destroyer was nearing completion. Chinese military fans are full of expectations for the large ship group that is expected to assume the important task of China's self-developed aircraft carrier and large missile destroyer in looking forward to the world biomaterial science and industry in the next 20 (30) years. The general assembly business of major military equipment, such as aircraft carriers of China shipbuilding group and large missile destroyers, is one of the targets to be acquired by China Heavy Industries in this capital operation. The announcement shows that the return on net assets of the acquired assets is as high as 17.52%, and the level of return will be higher in the future

in addition, investors are widely concerned about the number and trend of shares held by CITIC Securities. It is rumored that due to personnel adjustment and other reasons, the securities firm substantially reduced its holdings of 430million shares in the third quarter. So far, the rock on the rising channel of share price has been dissolved

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