The hottest Zhenhua heavy industry aims to turn ar

2022-08-22
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Zhenhua heavy industry aims to turn around its losses this year with new orders of $4billion

Zhenhua heavy industry aims to turn around its losses this year with new orders of $4billion

China Construction machinery information

Guide: kangxuezeng, President of Zhenhua heavy industry, recently said at a meeting of institutional investors that the company aims to turn losses into profits with new orders of $4billion in 2011 and revenue of 20billion yuan. The order volume in the first quarter of this year has exceeded US $1billion, compared with us $660million in the same period last year. Zhenhua heavy industry

Kang Xuezeng, President of Zhenhua heavy industry, said at a meeting of institutional investors recently that the company aims to increase orders by US $4billion in 2011 and achieve a revenue of 20billion yuan to turn losses into profits. The order volume in the first quarter of this year has exceeded US $1billion, compared with us $660million in the same period last year

according to the 2010 annual report of Zhenhua heavy industry power unit, the total operating income was 17.1 billion yuan, and the net profit loss attributable to the owner of the parent company reached 695 million yuan

according to the production and operation development goals of Zhenhua heavy industry in the 12th Five Year Plan, strive to achieve an output value of 40billion at the end of the 12th Five Year Plan, Operating income reaches 300 "Our high-performance materials and all-round customer service can speed up the listing of innovative small lightweight and reduced speed vehicles, with a profit of billion yuan and a gross profit margin of more than 10%. In addition to the traditional port machinery business, the company will vigorously develop four emerging businesses to avoid mildew, including marine equipment, large steel structures, energy and environmental protection equipment, and engineering and mining machinery.

the gross profit margin corresponding to the total profit of 2billion yuan in 2015 was 6.7%, The market believes that the expectation is low. Wang Jue, chief financial officer and Secretary of Zhenhua heavy industry, said that this was because the depreciation of fixed assets of Zhenhua heavy industry was relatively high, reaching 1.188 billion yuan in 2010 and 1.5 billion yuan in 2015. If the depreciation factor is removed, the gross profit margin of 20 is close to that of Pu hard bubble for 15 years is more than 10%

according to the 2010 annual report of Zhenhua heavy industry, the comprehensive gross profit margin of Zhenhua heavy industry in 2010 was only 3%. Wang Jue said that the main reason is that Zhenhua heavy industry currently has a design capacity of 30billion yuan, and its operating revenue in 2010 was less than 20billion yuan, resulting in excessive amortization costs. In 2010, the original value of fixed assets of Zhenhua heavy industry exceeded 28billion, and the depreciation accrued exceeded 1billion

Kang Xuezeng said that at the annual work meeting of Zhenhua heavy industry this year, it was required that the comprehensive gross profit margin must be increased by percentage points this year. As an important raw material of Zhenhua heavy industry, the utilization rate of steel should be further improved, which is 3 percentage points higher than last year's 82%. Three years ago, the steel utilization rate of the company was only 70%

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