CITIC Heavy Industry takes the lead in national ke

CITIC Heavy Industry: take the lead in national key projects and actively innovate and transform

CITIC Heavy Industry: take the lead in national key projects and actively innovate and transform

China Construction machinery information

Guide: dynamic events: Recently, Zoushengyong, a senior engineer of Henan CITIC Heavy Industry, undertakes the foundation for the design, manufacture and safe operation of large-scale lifting equipment for ultra deep wells, especially thermoplastic composites. As a result, the research project of experimental force loading instantaneous landing was approved by the Ministry of science and technology as a national major basic research project (National 973 Program), with a funding of 15million yuan. Comments:

dynamic events:

recently, zoushengyong, a senior engineer of Henan CITIC Heavy Industry, undertook the "basic research on the design, manufacturing and safe operation of large-scale lifting equipment for ultra deep wells" project, which was approved by the Ministry of science and technology as a national major basic research project (National 973 Program project), with a funding of 15million yuan

comments:

take the lead in undertaking the national 973 Plan Project and lead the industrial upgrading

the approved project is mainly to study and establish the basic theoretical methods for the design, manufacture and safe operation control of large-scale lifting equipment in ultra deep mines, and guide the design and manufacture of large-scale lifting equipment in ultra deep mines, which is of great strategic significance for the development and utilization of deep resources in China. It is estimated that in the next three to five years, China's metal and coal mines will start to build more than 10 wells with a depth of more than 1000 meters. This project requires more than 40 sets of large-scale lifting equipment for ultra deep mines within five to eight years, with a total value of more than 8billion yuan. The company vigorously promotes strategic transformation, is committed to scientific research and new product development, and actively gives full play to the advantages of technological research and development. This research project will effectively meet China's major technical needs for the development of deep resources, and will play a leading and promoting role in China's high-end equipment to ensure the upgrading of the clean manufacturing industry in the oil circuit

investment suggestions:

it is expected that the company will realize earnings per share (diluted according to the latest share capital) of 0.26 yuan, 0.33 yuan and 0.40 yuan respectively in. At present, the dynamic P/E ratio of the stock price corresponding to the year is 12.53, 10.05 and 8.21 times respectively, and the valuation in the industry is reasonable. The company leads the industrial upgrading through technology guidance and continuously improves the core competitiveness in the industry. At the same time, considering the continuous expansion of the company to overseas markets in recent years, the major cement production line EPC project contract signed at the end of last year will also become a strong performance support for the company to expand the cement market in Southeast Asia. We raised our investment rating to "cautious overweight" in the next six months

main risk tips: the impact of real estate regulation policies on the downstream market demand of enterprise building materials and equipment, and the risk that raw material price fluctuations will lead to the decline of the company's profitability