China's Global Competitiveness Upgrading Mold - Automobile Mold, Mold Import And Export,
Integrated into the fly Mold Resuscitation orders
Mold and Car Parts and components manufacturing industry into a key, integrated companies die order CAC recovery. Domestic car market is expected to mold compound growth rate of the next decade more than 20% integrated into the fly first-class cars for the domestic mold companies, mold is the largest independent business, is likely to receive more than the industry average growth rate. Last year, the company orders fell, but orders recovery of mold this year, more pronounced recovery in the second half, operating income is expected to mold the second half of cars will remain relatively low, but the revenue is recognized as the new orders next year, revenue will grow mold faster. Moreover, with the steel prices will remain low, margins are expected to gradually move up the car dies, we expect about 26%.
NC machining business primarily to the Group Xiaolong aircraft structural parts, etc., revenue and gross margins are more stable. Group is still part of the business due to foreign companies by the Group completed the company's automotive business dies down, we can give for this part of the business group, which play the role of stable performance of the company, gross margin is expected to be stable in the second half NC in liters. Meanwhile, Chery Automobile and Rui Hu associated enterprises set up joint venture company, in addition to carrying out business automobile mold, the joint venture company engaged in stamping and pressing parts and the small displacement class white body stamping parts for automobile production, which marks the company's business expansion to the lower reaches, from the second half of 2010 to promote the company's rapid growth in revenue and performance, and more conducive to mold the Yangtze River Delta region, business development.
Together, automotive molds in the first echelon in the domestic manufacturers, the relatively high technical level, lower demand will die with the domestic car market to grow rapidly. NC company business needs stability, higher gross margin, to some extent, smooth performance of the company. Associated with Chery joint venture makes business extends to the downstream, larger space for future growth. 2009,2010 and 2011, expects earnings per share were 0.32,0.40 and 0.52 yuan. CAC Group, Inc. as the only listed under the platform, the Xi'an Aircraft International and accomplish the task of acquisition through private placement group key assets, CAC Group in the future may depend on the capital of listed companies to start operating platform. Taken together, giving the company "outperform" rating. We believe that the company's future performance is likely-than-expected, the proposed long-term investors intervene serve machine. In addition, the company has military subjects, 60 years anniversary brings to the company may exercise a certain degree of transactional opportunities.
Guangzhou mold application development to improve the international level
From Guangzhou Guangya Messe Frankfurt Co., Ltd., the Hong Kong Mould & Die Council and the Hong Kong Association of metal products co-sponsored 2009Asiamoid Guangzhou International Mould Manufacturing Technology, Design and Application Exhibition September 16 to 18 in Guangzhou Poly World Trade Expo Hall.
It is understood that this exhibition area of 20,000 square meters, nearly 300 exhibitors, of which 75% belong to mold manufacturing industry, the ratio is the highest with the type of event, manufacturing tooling solutions to find the ideal platform. In addition, this exhibition of international level is quite high, over 60% of the exhibitors came from overseas, including EuroMoldPavilion OM Pavilion, organized by the Hong Kong Mould & Die Council Hong Kong Pavilion, organized by the Hong Kong Metals Manufacturers Association of Asia and the metal zone Seiko and Die Association of Singapore, Singapore Pavilion organized. These overseas exhibitors to join not only help to improve the level of domestic manufacturers of production, but also local mold a positive impact on industry.
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