Comments: At present, the four main products of Liyuan Hydraulic: hydraulic components, aviation forgings, radiators and gas turbines have obvious leading position in China, and these four types of products are also upgrades of parts during the upgrade of this round of equipment manufacturing industry. The direction of development has an indispensable important position, so the long-term growth prospects are broad. Among them, hydraulic components and radiators are mainly used for aviation and engineering machinery. Thanks to the pulling of downstream products, the future growth rate is expected to remain above 30%. Circular aerospace forgings will be developed with the formal sizing and mass production of domestically produced new aero engines. In terms of gas turbines, Liyuan hydraulic products are mainly used in power generation and cogeneration of heat and power. They are the best equipment for the treatment of major pollutants such as coke oven gas and blast furnace gas in steel plants, which is in line with current energy conservation and emission reduction. The direction of policy guidance, so the company's long-term growth is also very worth looking forward to. EPS in 2008-09 is expected to reach 0.86 and 1.12 yuan/share respectively, corresponding to 31 times PE in 2009, giving a “Cautious Buy†rating. 3) China Yizhong will manufacture the world's largest mill China Yizhong and South Korea's Posco have signed a 5.5-meter mill manufacturing export project contract. This is the world's largest mill ever exported to China. This 5.5-meter rolling mill is designed by Siemag of Germany and manufactured by China. It is the world's largest wide-width plate mill with a total weight of 7,173 tons and a total contract price of US$36.34 million. 4) Dongfang Motor's output value reached a new high in January. As of January 25, Dongfang Motor completed all production evaluation indicators in January 2008, and its output value reached a record high in the same period. The total industrial output value increased by 60% compared with the same period of last year. The output of power generation equipment was 2.403 million kilowatts, an increase of 27% over the same period of last year. Among them, 2 sets of hydroelectric generating sets were 213,000 kilowatts, and 5 sets of steam turbine generators (sets) were 2.19 million. kilowatt. Third, the industry index and the market performance of key listed companies In February, the machinery industry overall rose by 1.7%, and its performance was significantly better than that of the Shanghai and Shenzhen 300 Index, which rose by 0.04% over the same period. From the performance of various sub-sectors of machinery, the largest increase in the order is special-purpose vehicles, agricultural machinery and abrasives and abrasives. The sub-sectors that contributed the most to the decline in the machinery industry index continued to be the shipbuilding industry represented by Chinese ships and the automobile manufacturing industry represented by Shanghai Automotive. The decline in these two sub-sectors was 13.85% and 3.87% respectively. Previous page next page 