The hottest problem with rapid growth momentum can

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The problem of rapid growth momentum cannot be ignored. The rapid growth momentum of the construction machinery industry can not be ignored. The construction machinery industry is mixed. Introduction: in the first half of 2003, despite the fact that the company's core R & D center is located in Shanghai, China The price rise of raw materials in Leverkusen, Germany, and Pittsburgh, the United States, and the impact of the SARS epidemic on the shadow electronic universal material testing machine are mainly driven by the sound of servo Electromechanical. The development speed of China's machinery industry is still gratifying: the total industrial output value of 11648 per month 8.5 billion yuan, an increase of 33.29% over the same period last year; In May, the national machinery industry enterprises realized a profit of 56646 million yuan, the same as

in the first half of 2003, despite the impact of rising raw material prices and the SARS epidemic, the development speed of China's machinery industry was still gratifying: the total industrial output value was 11648 per month 8.5 billion yuan, an increase of 33.29% over the same period last year; From January to may, the national machinery industry enterprises achieved a profit of 56646 million yuan, providing suitable connection and support after polymerization at in situ temperature, with an increase of 93.09%; Among the 122 main products of the machinery industry in June, 112 products increased year-on-year, accounting for 91.8% of the number of product varieties, and 94 products increased by more than double digits, accounting for 77% of the total number of varieties; The total export volume of machinery products in January reached US $21.404 billion, with a year-on-year increase of 46.15%. Although the machinery industry is growing rapidly, there has been an obvious slowdown since June, and its internal problems are worrying. At present, the listed companies whose main business is construction machinery industry in Shenzhen and Shanghai stock markets mainly include Changlin shares, Guilin Liugong, Shantui shares, etc. from the annual report of 2002, the performance is undoubtedly very excellent, and the growth is unmatched by other industries. According to statistics, the earnings per share and cash content per share of listed construction machinery companies increased by 48.56% and 52.78% respectively compared with the same period last year. However, while the sales increased, the operating gross profit margin and net profit margin decreased by 5.78% and 7.07% respectively, which is directly related to the low concentration, small scale and overcapacity of the construction machinery industry. After January 1st, 2004, the quota and license management of truck cranes and chassis will be cancelled, and the competitiveness of imported goods will be enhanced, so the profit margin is bound to decline further. Since the construction machinery industry entered a new round of boom cycle in 2000, driven by infrastructure construction, the construction machinery industry has maintained sustained growth, but the sub industry differences are also very obvious. The listed companies in the loader industry, Xiamen Co., Ltd., Guilin Liugong and Shandong Lingong, although their current performance has increased, will face strong pressure of price competition because the production capacity of this sub industry is greater than the demand. The market demand for hydraulic excavators has expanded, and the listed companies such as Changlin shares, Shantui shares and Guilin Liugong have entered the excavator industry through joint ventures, with rapid growth in this field. Since 2003, China's construction machinery industry has developed rapidly, and the growth rate of many enterprises even reached more than 80% in the first quarter. However, no enterprise can maintain such high-speed growth for a long time. All enterprises should make necessary and appropriate plan adjustments to keep the growth rate within a reasonable range, and shift the focus of work to strengthening the basic work of enterprises, so as to continuously improve economic benefits

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