The first half profit of Liugong was 24.4 billion

2022-08-07
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Liugong made a profit of 244million yuan in the first half of the year, a year-on-year increase of more than 14 times 4.4 billion yuan, a year-on-year increase of more than 14 times

China Construction Machinery Information

Liugong disclosed the semi annual report on the evening of August 28. In the first half of the year, the company realized an operating revenue of 5.458 billion yuan, a year-on-year increase of 50.42%, and the net profit attributable to the shareholders of the parent company was 244million yuan, a year-on-year increase of 1423.65%. The company said that the growth of revenue was the recovery of market demand, and the sales of each product line increased steadily

Liugong said that in the first half of 2017, in the face of the rapid growth of the market, the Chinese market share of the company's main product lines such as loaders, excavators, rollers, bulldozers and graders increased. In the first half of 2017, the export market share of the company's loaders, excavators of decojet films and other product lines of Benecke kaliko also further increased

under the superposition of multiple positive factors such as infrastructure investment, real estate project pull and renewal cycle, the construction machinery industry has experienced rapid growth since September 2016. In the first half of 2017, a total of 75068 excavators were sold nationwide, a year-on-year increase of 100.5%. In the first half of the year, the cumulative sales volume of loaders nationwide was 4901: 88 sets of sliding surfaces contacted by inlaid steel plates and lining plates and dovetail groove surfaces on lining plates should be kept clean, with a year-on-year increase of 34.2%

according to the analysts of Zhongtai securities, the sales volume of the company's engineering products increased significantly year-on-year, and the earthwork machinery and pavement machinery industries continued to improve. Take excavator as an example. In 2017, Liugong excavator sold 4199 sets in total, a year-on-year increase of 116.9%, and the market share rose to 5.59%

in his opinion, Liugong is one of the listed construction machinery companies with the highest proportion of overseas exports. In 2016, Liugong's overseas sales reached 2.016 billion, accounting for nearly 30% of its main business income; It is estimated that the overseas income of Liugong in 2017 will account for more than 30%. Considering that the company's overseas production, sales and service system has been basically mature, it is expected that the proportion of the company's overseas revenue is expected to increase to 40% around 2020

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