Small urbanization is the external driving force of the building materials industry, pulling the overall demand for building materials, focusing on cement and pipelines. From a supply perspective, the supply of cement is characterized by a small inventory and a small radius, while cement prices have recently begun to rebound. From a demand perspective, demand for cement and pipes has been increasing in construction, municipal engineering, water conservancy projects, transportation, residential, commercial, agricultural and industrial. Especially in the last few years, the rising demand has pulled the pipeline industry in China to develop at a high speed, and China has become the largest producer and applicator of all kinds of pipes.
Hai Luo Cement (600585): The company's production and sales of cement and commercial clinker have ranked first in the country for 11 consecutive years. The total market capitalization has reached more than 87 billion yuan, which is at the top of the industry. The company's "Conch" brand cement has a certain market share in the market. The company's operating income of 11.69 billion yuan in the third quarter of 2012, a year-on-year decrease of 7.6%; net profit of 1.04 billion yuan, a year-on-year decrease of 66.9%, although the performance is reduced, but due to synergistic effects of the company as well as the urbanization of the infrastructure needs of the emergence of the company has a certain degree of profitability elasticity.
Jinzhou Pipeline (002443): the company is engaged in the research and development of welded steel pipe products, is China's largest supplier of galvanized steel pipe, spiral welded pipe and steel-plastic composite pipe, of which high-grade oil and gas transmission of steel pipe, steel-plastic composite pipe for the National Torch Plan project. The products radiate a wide range of applications in drainage, fire, gas, oil and gas, construction, communications, etc. 12 the first three quarters, the company realized operating income of 2.41 billion yuan, an increase of 10.5% year-on-year; net profit of 0.7 billion yuan, an increase of nearly 50% year-on-year, fund-raising projects are expected to reach for the company to bring new performance growth.
Weixing New Material (002372): is the earliest, one of the largest manufacturers of plastic pipes, water supply pipes in the domestic building has a strong market share. Become one of the preferred brands for municipal water supply and rural drinking water network construction in East China. The company's operating income of 1.32 billion yuan in the first three quarters of 12, up 9.7% year-on-year. The company's regional sales network is further constructed and perfected, and the operating income in the northeast and western regions increased rapidly compared with the same period of the previous year. Product coverage expansion, urbanization and real estate development is expected to drive its production of PPR and other products to steadily increase the level of sales. Anxin Securities said that in the process of small towns and cities, the need to synchronize the strengthening of town planning, construction of transportation facilities, enhance the level of housing, while improving medical education, improve public **** services, and then promote the development of the construction industry. Construction is an important material production sector of the national economy, investment in fixed assets is expected to drive up the output value and profits of companies in the industry.
Shangrong Medical (002551): the company is engaged in China's medical treatment class equipment and hospital systems integration field, is a medical treatment class equipment research and development manufacturing enterprises, can produce intelligent self-control operating room products. 12 the first three quarters, to achieve the main business income of 310 million yuan, a year-on-year increase of 25%, to achieve a net profit of 0.5 billion yuan, a year-on-year increase of 29%. 2012 October On October 16, the company signed hundreds of millions of construction contracts with Mudan First People's Hospital and Tongchuan Hospital of Traditional Chinese Medicine respectively, and started to undertake the overall hospital construction projects. The company has certain development space in the process of small townization.
Tiehan Ecology (300197): the company's business set of ecological environment construction engineering design, technology research and development, engineering construction and maintenance, seedling planting, bio-organic fertilizer production and other industry chain in one. 12 years 1-9 months, the company's operating income of 750 million yuan, an increase of 35.1%. Net profit of 130 million yuan, an increase of 50.7%. The company is committed to building a complete industrial chain, using its advantages in construction and cross-regional construction in both ecological restoration and landscaping to achieve sustained growth. After the 18th National Congress, with the rise of local investment in the construction of people's livelihood, the number of large contracts and BT projects is expected to show a rising trend. For the machinery industry, the promotion of infrastructure construction, increasing the number of engineering construction projects, will expand the demand for machinery and equipment. Whether it is the construction of secure housing or the construction of transportation in the process of urbanization, to the mechanization of agriculture, can give machinery production enterprises to bring the pulling effect. Although the social retention of construction machinery is still very high, the stimulus policy may not be able to significantly increase orders in the short term, but due to the increase in the number of projects started, the equipment utilization rate rises, the quality of corporate assets (such as accounts receivable) will be improved.
Zoomlion (000157): The company is a leading enterprise in the construction machinery manufacturing industry. It is mainly engaged in the research, development and manufacture of major high-tech equipment required for national key infrastructure construction projects, such as construction projects, energy projects and transportation projects. Products cover concrete preparation, conveying, molding machinery, high-grade highway construction and maintenance machinery and other fields. The company produces ten series with complete independent intellectual property rights.12 In the first three quarters, the company realized operating income of 39.11 billion yuan, an increase of 17.8% year-on-year, and net profit of 7.13 billion yuan, an increase of 18.9% year-on-year.
Yi Tou shares (601038): the company is China's largest and highest technical level of professional agricultural tractors, agricultural diesel engine production and sales enterprises. It mainly manufactures and sells agricultural machinery and power machinery. The company's products from a single to diversified development, with a full set of production capacity from forgings to testing. 12 the first three quarters of operating income of 9.03 billion yuan, compared with the same period last year, a decrease of 4.8%; to achieve net profit of 350 million yuan, an increase of 1%. The future is expected to benefit from the process of small townization and intensive agricultural production. Anxin Securities said the development of small towns and cities can expand the demand for electric power equipment, especially low-voltage electrical equipment in industry, housing, transportation and other areas of extensive use so that it has a strong potential for development.
Chengtai Electrical Appliances (601877): the company is mainly engaged in the distribution of electrical appliances, terminal electrical appliances, control electrical appliances, power appliances, electronic appliances five categories of low-voltage electrical products, research and development, production and sales, is one of the leading enterprises in the low-voltage electrical market. The company is committed to the development model combining endogenous growth and external expansion. 12 the first three quarters of the operating income of 7.77 billion yuan, an increase of 22.8% year-on-year, net profit of 1.02 billion yuan, an increase of 49% over the same period last year. This year, the economic benefits of mergers and acquisitions have gradually emerged, but also structural optimization through innovation.
Huichuan Technology (300124): the company based on independent intellectual property rights of industrial automation control technology, in order to quickly provide customers with personalized solutions for the main business model. Products mainly include low-voltage frequency converters, integrated and specialized machines, servo systems, etc. In the third quarter of 2012, the company's operating income was 860 million yuan, an increase of 9% over the same period last year.
The company increased its investment in research and development in the first half of the year, and its products are involved in elevator, lifting, metallurgy, textile, new energy vehicles and other industries. Small towns and cities in the process of environmental pollution concerns, so in the relevant infrastructure process, there is a greater demand for environmental protection industry. The industry is in line with the policy direction of environmental protection and people's livelihood, the cleaner the environment has become the basic needs of residents to live, but also become a small towns and cities in the sustainable development of the necessary conditions.
Sande environment (000826): the company's main business for the municipal water supply project and sewage treatment project investment and operation, solid waste disposal engineering construction and other related environmental protection industry. The company introduced Europe and the United States and other countries of the process technology and equipment, in the country has been successfully implemented to deal with the larger scale of the comprehensive treatment of domestic waste projects. The company has grown faster in the past five years, 12 years of the three-quarterly report shows earnings per share than the three-quarterly report in 2008 when the earnings per share increased by 190%. Anxin Securities said that the automobile industry benefited from the process of small towns and cities mainly for the following three reasons: (1) the use of automobiles to make the characteristics and benefits of small towns and cities starring, conducive to the optimization of the layout of the space. (2) As the rural population enters the towns, the demand for automobiles is bound to rise. (3)It can better assist the construction of new urbanization industrialization and accelerate the development speed.
Weichai Power (000338): The company's three major business segments are powertrain (engine, transmission, axle), commercial vehicles and auto parts, which are in a dominant position in their respective domestic market segments. The company produces two diesel engines at the same time in the heavy-duty vehicles, construction machinery market share is high. Due to the weak demand for heavy trucks, the company's main revenue of 36.27 billion yuan in the first three quarters of 12, a year-on-year decline of 23.1%; however, the main revenue of 9.21 billion yuan in the third quarter, a year-on-year decline narrowed to 12.7%. The company belongs to the early cycle varieties, is also expected to see a stabilized recovery in revenue and profit earlier.
Shanghai Automobile Group (600104): the company's assets reorganization to achieve the overall listing, the main business from parts and components business is mainly transformed into the vehicle business is mainly business, business control mode from investment control type into entity operation and investment control combined with the new business model. The company **** has three major business segments, one is the research and development, manufacturing and sales of vehicles; the second is closely related to the development of vehicle parts; the third is the auto finance business. The company produces a diversified range of vehicle brands and styles, including the Volkswagen and GM series of passenger cars, as well as the GM Wuling series of commercial vehicles favored by township users.
Main revenue for the first three quarters was 351 billion yuan, with a profit of 26 billion yuan, up 25.4 percent and 18.6 percent respectively. Although in the short term the real estate policy will still be to restrict the purchase of loans and other measures to maintain a tight state, but real estate will still play an important role in small towns and cities. As a basic industry, commercial housing, together with security housing, is a guarantee for urban residents to live in peace and security, but also an important impetus to promote the urbanization process. In particular, it is worth paying attention to the industry in the sharp layout of three or four tier towns, faster growth rate of the second and third tier real estate stocks.
Lushang Property (600223): the company through asset replacement and share issuance to achieve business transformation, is now to real estate development and operation. In terms of products, it mainly focuses on residential development. In terms of project construction, by accelerating development and shortening the investment cycle, the company achieves a steady and rapid virtuous cycle, and realizes the standardization, industrialization and large-scale operation of residential; in terms of geographical development, the company is based in Jinan and Qingdao, and is actively expanding into prefectural cities and radiating to the third-tier cities; in terms of financing, the company effectively combines equity financing with debt financing to raise funds for business development. Sales revenue in the first three quarters was 700 million yuan, down 4.5% year-on-year.