The hottest new power for the development of China

2022-08-01
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China National Heavy Industry Corporation: a new driving force for the development of heavy machinery manufacturing industry

China Yizhong: another new power for the development of heavy machinery manufacturing industry

China Construction Machinery Information

Guide: China Yizhong (601106) is the largest heavy machinery manufacturing enterprise in China, mainly engaged in heavy machinery manufacturing business, providing major complete sets of technical equipment, high-tech products and technical services for industries such as metallurgy, petrochemical, energy, transportation, mining and the modernization of national defense. The company is the largest and most complete

China Yizhong (601106) is the largest heavy machinery manufacturing enterprise in China, mainly engaged in heavy machinery manufacturing business, providing major complete sets of technical equipment, high-tech products and technical services for metallurgy, petrochemical, energy, transportation, mining and other industries as well as national defense modernization. The company is the largest and most complete metallurgical complete equipment manufacturer in China, the largest nuclear power equipment and nuclear power forgings manufacturer in China, the largest heavy pressure vessel equipment manufacturer in China, and the largest large castings and forgings manufacturing base in China. China First Heavy Industry Group Co., Ltd. is in a leading position in many sub sectors of the heavy machinery industry. Its complete metallurgical equipment includes smelting equipment, rolling equipment, continuous casting equipment, etc. its products are equipped with all domestic iron and steel enterprises with a capacity of more than 5million tons, of which the manufacturing of large-scale rolling equipment accounts for 70% of the market share. The market share of domestic nuclear electroforming forgings is more than 90%, and that of domestic nuclear reactor pressure vessels is more than 80%

at present, the total share capital of the company is 4.538 billion shares. This time, it is planned to issue no more than 2billion A shares. After the issuance, the total share capital will not exceed 6.538 billion shares. The raised funds are intended to be invested in the manufacturing of large petrochemical vessels and million kilowatt nuclear power primary circuit main equipment, the construction of casting and forging steel base and the independent transformation of large castings and forgings, with a total investment of 8.389 billion yuan

the company will implement the subscription on February 1st, 2010. The subscription code is 780106

the company and its predecessor, the first heavy machinery factory, have witnessed the development of the heavy machinery industry in New China for more than 50 years. The company has filled more than 400 technical gaps in domestic industrial products, developed more than 300 new products, and provided nearly 2million tons of mechanical products for national economic construction. Various products of the company are widely used in metallurgy, electric power, energy, transportation, mining, petrochemical and other industries. In history, it has created many "China first" and created the famous "China first" brand. The company enjoys good reputation not only among domestic customers, but also among international customers

over the past 50 years, the company has provided nearly 2million tons of mechanical products for national economic construction, filled more than 400 gaps in domestic industrial product technology, and developed more than 300 new products. It has successively equipped major iron and steel enterprises such as Angang Steel (000898), Baosteel, WISCO, Shougang, Benxi steel, Pangang, FAW, Dongfeng Motor (600006), PetroChina, Sinopec (600028), CNOOC and other petrochemical enterprises, Nonferrous metal enterprises such as Chinalco (601600, Guba) group and Jinchuan Group Co., Ltd., large mine production bases such as Pingshuo coal mine, Junggar Coal Mine and Jiangxi copper (600362) group, large power stations such as Three Gorges hydropower station, Xiaolangdi Hydropower Station and Gezhouba (600068) Hydropower Station, Qinshan Nuclear Power station and Pakistan Chashma nuclear power station

relying on the strong industry background of China first heavy machinery group, the major shareholder, and its strong independent innovation ability, the company has the ability to provide heavy machinery and equipment products with independent intellectual property rights at home and abroad, leading the development direction of China's heavy machinery industry. The product quality has always maintained the domestic leading level, and some products have reached the international advanced level, so it has obtained a higher premium, It has considerable brand value

leading technology creates its own growth advantages

the key to competition in heavy machinery manufacturing industry is technology competition. Taking metallurgical equipment as an example, the most advanced metallurgical equipment manufacturers in the world are companies with engineering contracting capability in a leading position in technology, such as Siemens VAI and simac group. At the initial stage of the construction of the iron and steel industry in China, the construction projects of large metallurgical equipment were basically undertaken by several large foreign companies. The foreign companies assumed the overall responsibility for the project technology, while the domestic enterprises could only undertake part of the subcontracting, and the output value was very low. After entering the 21st century, the technical level of domestic metallurgical equipment manufacturing industry has been rapidly improved, and the supporting capacity of machinery, electricity and hydraulics has been rapidly developed, which has greatly enhanced the independent complete set capacity of domestic enterprises and gradually partially replaced imports

the company has a national enterprise technology center and the only National Engineering Research Center for heavy technical equipment in the industry. It has the industry-leading ability to develop new products, new processes and new materials, and the ability to integrate equipment systems. It has 167 patents, 50 patent applications, 108 proprietary technologies and numerous technical know-how. The technical level of the company's leading products is leading in China, and some product technologies have independent intellectual property rights and reach the international advanced level. In recent years, the company has won the first prize of national science and Technology Progress Award in 1995, 2006 and 2008 respectively, which is the highest national award for heavy machinery manufacturing enterprises

the company has the only national engineering research center in the heavy machinery industry. At the same time, it has set up a heavy machinery product design institute in Dalian, established a complete technical innovation system, reached the international leading level in many technical fields, and gradually expanded the scale of the contracted projects, from the general contracting of machinery to the general contracting of machinery and fluid, the general contracting of machinery and fluid, and even the general contracting of engineering

according to the statistical data of China Heavy Machinery Industry Association and the industrial exchange data, based on the total industrial output value in 2008, the company is the largest heavy machinery manufacturing enterprise in China, the largest manufacturer of complete metallurgical equipment, heavy pressure vessels and nuclear power forgings in China, which plays an increasingly prominent role in promoting major technology R & D and achievement transformation, It is also one of the few manufacturers capable of providing complete sets of rolling equipment with independent intellectual property rights to domestic and foreign iron and steel enterprises

the company has the production capacity of providing more than 700 tons of molten steel, 600 tons of the largest ingots, 500 tons of the largest castings and 400 tons of the largest forgings at one time, and its comprehensive manufacturing capacity is world-class. After the implementation of the "construction of casting and forging steel base and large-scale casting and forging autonomous transformation project", the company's manufacturing capacity advantages will be further amplified. The steel capacity will be increased to 500000 tons per year, the forgings to 240000 tons per year, and the castings to 60000 tons per year, becoming the world's most important large-scale casting and forging manufacturing base

the manufacturing capacity of large castings and forgings has built the core competitiveness of the company. It is not only the growth foundation of the existing leading products, but also the advantage for the enterprise to enter new fields and implement relevant diversification in the future. It is also the most direct competitive advantage of the company compared with other competitors in terms of manufacturing level (310368)

the technological advantage is attributed to the fact that the company has a group of innovative R & D talents and skilled talents, which benefits from the company's growing R & D investment. As of june30,2009, the company has 22 experts enjoying special government subsidies, 7 provincial and municipal discipline leaders, 2 winners of provincial science and Technology Fund for Distinguished Young Scholars, 36 winners of national science and technology progress award, 86 winners of provincial science and technology progress award, 956 senior engineering technicians and 824 technicians and senior technicians. The company invests a large amount of scientific research expenses every year and increases year by year. In 2006, 2007, 2008 and January to June 2009, the proportion of R & D expenses in operating revenue is 4.83%, 4.83%, 4.91% and 6.65% respectively

According to the news on January 26, China First Heavy Industry Group Co., Ltd. recently successfully signed a contract for independent integration of the whole line equipment of the first 1420mm five stand six high tandem cold mill in China. This marks the first time that China National Heavy Industry Corporation has realized the independent integration of machinery, electricity and hydraulics on the whole line of the tandem cold rolling mill, filling a gap for the independent integration of the whole line of the tandem cold rolling mill in China. The successful signing of this contract also means that China has achieved localization in the design and manufacturing of the whole line equipment of the tandem cold rolling mill and has entered the world's leading ranks

performance growth won the leading position in the industry

the heavy machinery industry has a wide range of products, and each heavy machinery manufacturing enterprise focuses on different product segments. The company is one of the few enterprises with the manufacturing capacity of large complete sets of equipment, and is the leading enterprise in China's heavy machinery industry. Some product categories rank in the forefront of all segments in China. The following table shows the market share of the company in some product categories in recent three years

market share of some product categories and their subdivisions

product category subdivisions 2008 2007 2006 2008 ranking

metallurgical complete equipment large rolling equipment 70% 70% 50% 1

heavy pressure vessel forging and welding structure

hydrogenation reactor%% 1

industrial and mineral accessories large forged steel backup roll 80% 80%% 1

nuclear power equipment reactor pressure vessel 80% 80% 80% 1

pulled to the whole life cycle of the enterprise In the current period, the net profits of the nuclear island forging 90% 90% 90% 1

company in 2006, 2007, 2008 and 2009 were 389million, 831million, 999million and 502million respectively; Earnings per share were 0.078 yuan, 0.10 yuan, 0.22 yuan and 0.11 yuan respectively. At the end of 2008 and 2009, the net assets per share were 0.55 yuan and 0.83 yuan respectively, and the return on net assets (fully diluted) were 40.69% and 13.45% respectively. The company's performance has grown steadily and rapidly, forming a leading position in the industry

from 2000 to 2008, the annual compound growth rate of the company's output value reached 50.24%, and the annual compound growth rate of the total output value of the heavy machinery industry in the same period was 33.13%. According to the data exchanged by the industry association in, the growth rate of the company ranked first among the "seven heavy machinery". In 2008, the profit and tax rate of the company's total industrial output value reached 12.21%, ranking first among the "seven heavy machinery". The total profit of the company accounted for 13.47% of the operating revenue in 2008, which was much higher than the overall 6.28% of the heavy machinery industry. In december2007, the company won the "special award for annual performance progress of central enterprises" issued by the state owned assets supervision and Administration Commission of the State Council. Fund raising projects to improve core competitiveness

the funds raised by the company this time are intended to be invested in large petrochemical vessels and million kilowatt nuclear power primary circuit main equipment manufacturing projects, the construction of casting and forging steel bases and large-scale casting and forging autonomous transformation projects, China national first heavy industry Binhai manufacturing base projects and supplementary working capital

since China's overall strength is not strong, only with core manufacturing capabilities can we avoid being controlled by others, ensure the timely provision of equipment required by the national economy, and provide test conditions for the research and development of new products of heavy equipment. The investment project with raised funds will build a world-class large-scale cast and forged steel manufacturing base, the largest heavy Petrochemical vessel and nuclear power equipment manufacturing base in China, and the company's heavy complete equipment manufacturing base, all of which focus on the company's core manufacturing capacity. In the project, through a number of national major technical equipment localization technical transformation and new product research and development, a variety of major equipment batch production capacity will be formed. Some important products will also replace imports and enter the international market. Therefore, the use of raised funds will strengthen the company's core manufacturing capacity, further enhance the company's core competitiveness, and lay a solid foundation for striving for an international famous brand

after the implementation of the investment plan of the project, the company's business scale and profitability will be further improved, and the company's international competitiveness, production scale, product structure and technology

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