In July 2008 a slight decline in growth rate of the national machine-building industry, industrial output increased by 27%. Overall, in 2008 from January to July the general operation of the national machinery industry in good condition, industrial production increased by 29%. Continued and steady growth in all major sectors, construction machinery industry continued to perform the best, industrial output growth was significantly higher than other industries, the growth rate reached 44% level. Better than the big city, notwithstanding the credit crunch, the Olympics and the drop in the real estate industry, growth factors, in July 2008 the major increase in sales of construction machinery products remained at the level of around 20-25%. July sales of excavators and loaders, respectively year on year sales growth of 24% and 25%. Meanwhile, sales in July rose 25 percent bulldozers, forklifts, respectively year on year sales growth of 19%.
Over the past few months, relatively large fluctuations in concrete machinery sales. In April 2008, May, June and July of concrete machinery sales year on year growth of 4%, 26%, 61% and 97%. Tightening of policy on the real estate industry machinery will produce some concrete short-term negative effects, but with the high-speed railway construction project started, concrete machinery demand will rebound. 2008 January-July, concrete machinery sales rose 58%, growth remained relatively strong.
2008 second quarter, sharply higher than the price of steel ring. However, the listed companies in the second quarter's gross margin level and there is no sharp decline, mainly due to the company sales promotion, product mix improvement and increased profits by factors such as product price increases. Since entering in July by the downstream impact of shrinking demand, domestic steel prices trend began a complete overhaul. We estimate that gross margins Construction Machinery listed companies has bottomed out in the second quarter. We believe that gross margins should be higher than the first half of the second half has improved.
At present, the construction machinery industry in 2008, the average price-earnings ratio of 11.6 times in 2009 the average price-earnings ratio valuation of 8.2 times the level in the ,08-2009 ROE is expected to be maintained at more than 23%. Although China is not only the infrastructure market, is currently the fastest growing worldwide market, is also the greatest potential for development of the market, but China's construction machinery valuation of listed companies has been with international practice. Attractive valuations. I am China Manufacturers writer, reports some information about gel nail kits , mehndi art.
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