From the annual reports disclosed by the listed companies in the internal combustion engine industry in recent days, the macroeconomic policies have become tighter, which has increased the amount of receivables and financing costs of listed companies. At the same time, the performance of the automotive market is weak, the demand for commercial vehicles is weak, raw material prices have risen, and costs have increased. The increase in pressure caused the market competition in the diesel engine industry to intensify and the profitability of the company decreased. 　 Shangchai Shares: Income Increases in Profits In 2011, the company achieved a total operating revenue of 4.634 billion yuan, a year-on-year decrease of 4.07%. The net profit attributable to owners of the parent company was 2,703.6069 million yuan, an increase of 52.07% over the previous year, mainly due to the company's cost reduction and efficiency gains during the year. With a decrease, the net profit increases accordingly. The net profit attributable to the shareholders of the listed company was 207 million yuan, a year-on-year increase of 52.07%. As the domestic construction machinery and vehicle diesel engine market appeared to be high and low, and the contrast between monthly declines intensified, the company achieved sales of 100,177 diesel engines, which was basically the same as last year. Among them, the passenger and truck markets have grown, the ship power market has remained stable, and the export and construction machinery markets have declined. In fiscal year 2012, the company plans to achieve sales of 104,000 diesel engines throughout the year and realize operating revenue of 4.535 billion yuan. Recently, Shanghai Diesel Engine Co., Ltd. announced that it plans to establish a joint venture with internationally renowned Japanese company Mitsubishi Heavy Industries Co., Ltd., each with a 50% stake, and production and sales of 500-1600kW high-power engines and generator sets for marine and land-use generator sets. , and will start production within the year. It is understood that at present, the annual growth rate of 500~1600kW power section generator sets in China is above 15%, and the growth rate of 800kW and above power section products is even higher. It will be in a state in short supply during a certain period of time. It is expected that the market demand will be in 2016. It reached 15,000 units/year. At the same time, since the high-power diesel engines used in China are mainly used for production data and emergency backup power supplies, most consumers are more sensitive to the price of the products. With the increase in the assembly technology and supporting capabilities of the domestic machine manufacturers, the world's generator sets have been manufactured. The base has been rapidly transferred to China in recent years and can provide relatively inexpensive unit equipment. Mitsubishi Heavy Industries' products are involved in many fields such as space rockets, aircraft and ships, auto parts, construction machinery, and energy environmental protection equipment. Its high-power diesel engine products rank the top in the industry. This time, Shanghai Diesel Engine Co., Ltd. leverages its leading position in high-power diesel engines, along with its original 500kW products, to perfect the company's shipbuilding market engine and generator product line. JAC Power: Significant decline in profits In 2011, the company achieved operating income of 2.53 billion yuan, an increase of 9.39% year-on-year; operating profit of 70 million yuan, a year-on-year drop of 52.94%. Although the domestic agricultural machinery industry has shown an overall growth trend, due to the complex and ever-changing macroeconomic environment, companies have been subjected to multiple tests such as increased market competition, sharp fluctuations in raw material prices, continued appreciation of the renminbi, and rising labor costs. In 2011, the company sold a total of 1.275 million units of various types of engines and terminal products. In 2012, the company plans to sell 1.58 million sets of various types of engines and their terminal products, achieving sales revenue of 2.6 billion yuan. It is noteworthy that the recent Jianghuai Power Announcement stated that the termination of planning for major asset restructuring. It is reported that from November 7 last year, JAC Power began to suspend business. According to the company’s announcement, the company intends to purchase all the coal assets it holds from Xinjiang Dongyin Energy Co., Ltd. for non-public issuance of shares and payment of cash. For the reasons for terminating the planning of this major asset reorganization, Jianghuai Power stated that during the suspension period, the company and related parties actively promoted various tasks of this major asset reorganization, but in view of some administrative approvals required for this important assets reorganization target assets. It is still in the process of being completed. The completion of the relevant permit formalities will not be completed within the specified time. After careful investigation, Dongyin Group decided to terminate planning this major asset restructuring. JAC Power has promised to no longer plan major asset reorganizations for at least 3 months. Due to the weakening of its main business in recent years, JAC has been seeking transformation. In 2011, JAC's mining news attracted market attention. It was first planned to acquire 60% of the shares of Tibet Zhongkai Mining Co., Ltd. held by Zhongkai Holding for RMB 600 million. After that, Xinjiang Dongyin Energy Co., Ltd., which is under the control of the company’s actual controller, will be targeted. The targeted private placement and acquisition of Xinjiang Dongyin Energy Co., Ltd. suffered a setback, and it is undoubtedly a blow to JAC Power, which actively seeks for transformation and "mine mining." In fact, JAC Power originally had a coal production business, but accounted for a relatively small portion of its main business revenue. In 2010, coal production accounted for 1.63% of its main business revenue, and it fell to 1.23% in the first three quarters of 2011. Cloud power: allocation failure In 2011, the company achieved operating income of 2.2 billion yuan, a decrease of 5.51% over the previous year, and a total profit of 17.38 million yuan, a decrease of 88.56% over the previous year. Yunnei Dynamics stated that due to the declining market demand and the adjustment of the company's product demand structure, the company's main business revenue decreased by 5.51% year-on-year. Affected by the intensified competition in the industry and other factors, the company has increased its sales expenses in order to ensure market share of products and strengthen marketing. Moreover, as the prices of raw materials such as pig iron and scrap steel and diesel and engine oil continue to rise, the company’s procurement costs, manufacturing costs, and transportation costs have all increased, and its gross profit margin has declined. With the promotion of raised capital projects, raised funds have decreased deposits and interest The decrease in revenue, combined with interest payments on short-term financing bills, has led to a drop in net profit. Faced with the unfavorable situation, the company focused on its annual business objectives and actively promoted marketing, cost control, inventory optimization, and product development, to a certain extent, reducing the overall performance of the automotive diesel engine industry, rising raw material prices, and rising financing costs. The influence of unfavorable factors maintained the basic stability of the company's operations. However, even more frustrating for cloud internal power is that recently the China Securities Regulatory Commission has asked the Changan Automobile Group to withdraw the relevant application documents as soon as possible. It is understood that entering the light commercial vehicle market has always been an important strategy for China Chang'an, and diesel engines are the core components of light commercial vehicle products. Therefore, obtaining engine resources is the key to China Changan entering the light commercial vehicle market. The high-end passenger car and light commercial vehicle business being developed by Changan will also benefit from the joining of Yunnei Power. China Changan’s commitment to Kunming SASAC was that by 2015, China’s Chang’an will use Yunnei Power as a platform to invest RMB 1 billion to build a state-level enterprise technology center for diesel engine powertrains and develop high-performance energy-saving and environmentally friendly diesel engines. China Changan diesel engine R&D, production, and export base. On the premise that the market responds well, the investment amount may increase to more than RMB 5 billion. At that time, Yunnei Diesel's diesel production capacity will be increased from the current 600,000 units/year to 1.2 million units/year. In this sense, the news that the allocation has been blocked is undoubtedly a huge blow to the cloud internal forces that are looking forward to transformation. Quanchai Power: wholly-owned by Rongsheng Heavy Industry In 2011, the company sold 377,700 multi-cylinder diesel engines, a decrease of 13.66% over the previous year; realized operating income of 2,493.94 million yuan, a decrease of 6.09% over the previous year; and realized a net profit (net profit attributable to shareholders of the parent company) of 25.44 million yuan. The previous year decreased by 72.52%. The announcement stated that in 2011, it was the first year of the "12th Five-Year Plan" start. The overall macroeconomic policy of the country has been tightened. From the perspective of the industries in which the company’s products are located, due to the elimination of preferential measures such as “cars going to the countryside†to stimulate growth, the auto industry’s rapid growth from the previous two years has gradually returned to a stable state, and sales of the company’s automotive engines have dropped. However, due to the continuation of a series of beneficial agricultural policies, the sales of construction machinery and agricultural equipment engines have increased, partially compensating for the impact caused by the decline of automotive engines; sales of building materials products have been reduced due to the reduction in new construction projects. decline. At the same time, raw materials, energy prices, and labor costs continue to rise, while the prices of end-products are difficult to increase simultaneously, leading to greater pressure on the profitability of the company's main business. However, compared to Quanchai’s performance, investors were even more interested. On the afternoon of April 24th, China Rongsheng Heavy Industry announced on the Hong Kong Stock Exchange that the controlling 96.09% subsidiary Jiangsu Rongsheng had acquired RMB 2.149 billion. All shares in Quanchai Group. We equipped with advance automatic screen printing machine, inkjet
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