Mechanical engineering major, Hunan "mergers and acquisitions" repeatedly

The disclosure of the annual report 2015 has reached a climax, the machinery industry five annual report has Xianshanloushui hunan. Old brand industry big brother 31, China Federation of the performance decline last year is relatively large. The machinery industry listed companies generally fell into a low performance period last year, but some listed companies have made breakthroughs through the extension of M & A, including the Hunan stock flyover crane, Shan He intelligence and so on, which are pleased with the 1 quarterly reports this year.

Poor demand and a decline in industry performance

In March 31st, ZOOMLION's annual report showed that in 2015, the net profit of the company decreased by 85.95% compared with the same period last year, and the time of Sany's annual report was delayed. Its forecast net profit in 2015 will decrease by 80% to 90% compared with that in 2015.

The reason for the sharp decline is that the market demand for construction machinery products has been sluggish due to the slow growth of the national fixed assets investment, especially the growth rate of real estate investment, which has become the common dilemma of the two heavyweight industries.

The smaller mountain and river intelligence had a worse performance last year, and its performance express revealed that net profit fell 543.08% in 2015.

As the saying goes, small boats make a good turn. The mountain and river intelligence announced the increase program in October last year. It will buy AVMAX, add the navigation industry and seek industrial breakthroughs. The company intends to raise funds for no more than 2 billion 200 million yuan, of which 1 billion 979 million yuan is used for the acquisition of 100% of the AVMAX of the Canadian branch aircraft rental and maintenance company.

According to the views of the CRE securities, in 2016 is expected to directly into the company's net profit of 230 million yuan. According to the 1 quarterly report in 2016, the net profit is expected to rise by 100%-150% over the same period.

In addition, the machinery giants are also actively transforming. ZOOMLION's strategic transformation has been gradually fall, at present, the company has to agricultural machinery (acquisition of Chery heavy industries), environmental protection (the acquisition of Italy Nadoule (financial), the establishment of financial companies) in areas such as transition; Sany also in the military, the housing industry and intelligent manufacturing and other fields in the industrial layout.

Transformation and upgrading, early out of the "cold winter" in the industry

In 2015, the flyover crane rose to the top and gave a good annual report card. The company's revenue and profits both increased by 82.62% and 496.49% compared to the same period last year. In addition, since early this year he bridge drying out the 1 quarterly performance forecast also eye-catching, is expected in the 1 quarter 2016 net profit rose 150% to 200%.

This is mainly due to the company's 2015 implementation of major asset restructuring, the acquisition of Huaxin mechanical and electrical 100% equity, and after a significant increase of the company's performance. In fact, as early as 2014, the company took the initiative to focus on high-end equipment, and layout the wind power equipment and new energy vehicles. In 2015, with the acquisition of Huaxin Electromechanical, Tianqiao crane expanded the business area. Through the transformation and upgrading, an early step out of the "cold winter" in the industry.

Relatively, the merger and acquisition in recent years is not big enough. In 2015, the company realized net profit of 14 million 968 thousand and 300 yuan, down by 71.91% over the previous year. The 1 quarterly report this year still reported a decline of more than 20%.

Industry adjustment or close to the end

During the winter of the machinery industry, can the industry be adjusted in 2016? Securities dealers and other professionals have given a relatively optimistic view.

"Along with the" supply side reform "catalyzed cycle plate rotation performance, construction machinery experienced a long-term downward trend, recently launched a wave of more eye-catching rebound. At present, the construction machinery industry is still at the bottom of the cycle, but by the impact of sustained easing policy and economic recovery, the starting data is improving, and the plate will continue to rebound. One private private manager thinks.

"As the construction machinery stocks have experienced a continuous decline, the industry will continue to have large downward space. If the market improves, the upward space is worth imagining. We need to pay close attention to whether the demand for construction machinery in the two quarter of the real estate market and the infrastructure market is confirmed. If the downstream demand is confirmed, then there will be structural market opportunities in the two quarter of the construction machinery industry. Bohai Securities researcher Zhang Jinghua analysis that it is recommended to focus on the industry's leading Sany, and to determine the transition of mountain and river intelligence.