What is the revenue? The 2024 semi-annual report of listed
construction machinery companies is released
As 2024 passes halfway, listed companies in the construction machinery industry have handed over their report cards for the first half of the year. These reports not only reveal the overall operating status of the industry, but also provide important reference for the future development direction of the company. This article will analyze the revenue performance and driving forces behind the 2024 semi-annual reports of listed construction machinery companies based on the latest published data.
The overall performance of the industry is improving
According to data released by the China Construction Machinery Industry Association, in the first half of 2024, the overall operation of the construction machinery industry will gradually improve. The domestic market shows a slow recovery trend, while the export market continues to remain stable. The main economic indicators of the key enterprises contacted by the association are stable and improving, with a cumulative operating income of 231.32 billion yuan, a year-on-year increase of 0.14%. This figure marks the first time the industry has achieved slight growth and reversed an unfavorable situation after two consecutive years of year-on-year operating income declines.
Highlights of corporate performance
Specific to listed companies, Weichai Power is undoubtedly the leader in the industry. According to its 2024 semi-annual report, Weichai Power achieved operating income of 112.490 billion yuan in the first half of the year, a year-on-year increase of 5.99%; net profit achieved a substantial increase, reaching 5.903 billion yuan, a year-on-year increase of 51.41%. This outstanding performance is mainly due to the optimization of the company's product structure and the continued advancement of diversified business layout. Weichai Power not only maintains a leading position in the traditional heavy truck engine market, but also has made remarkable achievements in natural gas engines, large-displacement models, smart logistics, agricultural equipment and other fields.
In addition, many listed construction machinery companies such as XCMG, Sany, Zoomlion, Liugong, and Shantui also released their first-half results, with net profits increasing significantly. The good performance of these companies not only reflects the overall recovery trend of the industry, but also reflects the company's ability to respond and innovate when facing market challenges.
Diversified layout and technological innovation
Diversified business layout and technological innovation have become important ways for construction machinery companies to increase revenue. Through mergers and acquisitions and product structure adjustments, Weichai Power has gradually reduced its dependence on the heavy-duty truck business and increased the revenue share of non-heavy-duty truck business. At the same time, the company has also increased its investment in new energy and new technology fields, launched a number of competitive new products, and further broadened the market space.
Challenges and opportunities coexist
Although the construction machinery industry as a whole is showing a positive trend, companies still face many challenges. Changes in the domestic and foreign economic environment, intensified market competition, and pressure on technological innovation have all placed higher demands on enterprises. However, challenges often coexist with opportunities. With the further advancement of the “Belt and Road” initiative and the acceleration of global infrastructure construction, the construction machinery industry will usher in more development opportunities.
Conclusion
To sum up, the release of the 2024 semi-annual reports of listed construction machinery companies not only demonstrates the overall recovery trend of the industry, but also reveals the companies' active efforts in diversified layout, technological innovation and market development. In the future, with the further expansion of domestic and foreign markets and the continued deepening of technological innovation, the construction machinery industry is expected to usher in a broader development space. At the same time, enterprises also need to remain vigilant and actively respond to various challenges to ensure that they maintain a leading position in industry competition.
Below, take a look at the semi-annual reports of each company:
XCMG Machinery: Net profit in the first half of the year was 3.706 billion yuan, a year-on-year increase of 3.24%
XCMG Machinery disclosed its semi-annual report on the evening of August 28. In the first half of the year, the company achieved operating income of 49.632 billion yuan, a year-on-year decrease of 3.21%; net profit of 3.706 billion yuan, a year-on-year increase of 3.24%; and basic earnings per share of 0.31 yuan.
Sany Heavy Industry's revenue in the first half of the year was 38.738 billion yuan and net profit was 3.573 billion yuan, a year-on-year increase of 4.8%.
According to news on August 31, Sany Heavy Industry recently released its performance report for the first half of 2024. The financial report shows that Sany Heavy Industry achieved operating income of 38.738 billion yuan during the reporting period; net profit attributable to shareholders of listed companies was 3.573 billion yuan, a year-on-year increase of 4.8%; net cash flow generated from operating activities was 8.438 billion yuan, a significant year-on-year increase of 220.461 yuan %. Among them, operating income in the second quarter was 21.076 billion yuan; net profit attributable to shareholders of listed companies was 1.993 billion yuan, a year-on-year increase of 5.28%. As of June 30, 2024, Sany Heavy Industry's total assets were 156.834 billion yuan, and the net assets attributable to shareholders of listed companies were 69.127 billion yuan.
Zoomlion: Net profit in the first half of the year was 2.288 billion yuan, a year-on-year increase of 12.15%
On August 29, Zoomlion announced its 2024 semi-annual report. During the reporting period, operating income was 24.535 billion yuan, a year-on-year increase of 1.91%; net profit attributable to shareholders of listed companies was 2.288 billion yuan, a year-on-year increase of 12.15%; Shareholders' net profit after non-recurring gains and losses was 1.48 billion yuan, a year-on-year decrease of 12.35%; basic earnings per share was 0.28 yuan.
LiuGong released its first half results, with net profit of 984 million yuan, an increase of 60.20%
LiuGong released its 2024 semi-annual report. During the reporting period, the company achieved operating income of 16.06 billion yuan, a year-on-year increase of 6.81%. The net profit attributable to shareholders of listed companies was 984 million yuan, a year-on-year increase of 60.20%. The net profit attributable to shareholders of listed companies after deducting non-recurring gains and losses was 903 million yuan, a year-on-year increase of 73.01%. Basic earnings per share were 0.5041 yuan.
Sunward Intelligence: Net profit in the first half of 2024 will be approximately 34.14 million yuan
Sunward Intelligent released its semi-annual performance report on the evening of August 29, stating that operating income in the first half of 2024 was approximately 3.641 billion yuan, a year-on-year decrease of 2.9%; net profit attributable to shareholders of listed companies was approximately 34.14 million yuan, a year-on-year decrease of 6.49%; basically every Share income was 0.0318 yuan, a year-on-year decrease of 5.36%.
China Lonking: Net profit in the first half of the year was 458 million yuan, a year-on-year increase of 49.19%
Shantui Co., Ltd.’s net profit in the first half of 2024 was 418 million yuan, a year-on-year increase of 38.49%
On the evening of August 22, Shantui Shares disclosed its 2024 semi-annual report. In the first half of 2024, the company achieved total operating income of 6.508 billion yuan, a year-on-year increase of 33.81%; net profit attributable to the parent company was 418 million yuan, a year-on-year increase of 38.49%; non-net profit after deduction was 409 million yuan, a year-on-year increase of 55.58%; cash generated from operating activities Net flow was 230 million yuan, compared with -85.1169 million yuan in the same period last year.
Anhui Heli: Net profit in the first half of the year increased by 22% year-on-year
On August 26, Anhui Heli disclosed its semi-annual performance report. In the first half of this year, the company achieved operating income of 9.009 billion yuan, a year-on-year increase of 3.32%; net profit attributable to shareholders of listed companies was 803 million yuan, a year-on-year increase of 22.00%; gross profit The interest rate is 21.58%, an increase of 1.96 percentage points year-on-year. Among them, the company achieved overseas operating income of 3.486 billion yuan, a year-on-year increase of 20.52%, accounting for 38.69% of operating income; the company's electric new energy forklift sales increased by 37.66% year-on-year, accounting for 62.72% of total sales.
