Zhejiang Mining Co Ltd medium and high end mining machinery equipment supplier technology to help long term space is broad

China's leading technology suppliers of high-end mining machinery equipment, expand information intelligent business. The company is one of the leading suppliers of medium and high-end mining and equipment in China. Its main business products cover crushing equipment and screening equipment. It has developed RC series single cylinder hydraulic rolling bearing cone crusher, MRC series multi cylinder hydraulic rolling bearing cone crusher, CJ series jaw crusher, ch-pl series vertical shaft impact crusher and other series of new products The group is sand aggregate production enterprises, downstream covering sand and gravel, mining and environmental protection and other industries. According to the prospectus, the company has 232 patents related to mining machinery manufacturing (including 63 invention patents), and the key performance indicators of main products have reached or approached the advanced level of foreign countries. The company has implanted intelligent information elements into its products, initiated intelligent operation of single machine equipment and remote control, fault diagnosis and information management of complete equipment, initially realized the purpose of mechanical replacement and automatic reduction of personnel, and has strong competitiveness in the field of domestic medium and high-end equipment.

The company's revenue and performance continued to grow, and the profitability increased steadily. From 2017 to 2019, the operating revenue of the company is RMB 225 million, RMB 296 million and RMB 369 million respectively; the corresponding net profit attributable to the parent company is RMB 44 million, RMB 74 million and RMB 96 million respectively. The company's performance growth mainly benefits from the stable supply and demand situation of upstream basic metallurgy and control equipment suppliers, as well as the large demand for aggregate in the continuous promotion of industrialization and urbanization in China. At the same time, the company actively develops market customers, upgrades product structure, and continuously improves profitability. As there are few competitors in the middle and high-end market, the company's financial indicators such as gross profit rate have been growing steadily in recent years: from 2017 to 2019, the company's gross profit rate was 41.28%, 42.88%, 44.39%, the net profit rate was 19.41%, 25.11%, 26.04%, and roe was 15.43%, 19.95% and 21.01%, respectively.

Steel price shocks affect enterprise costs, the long-term trend continues to be good. The stable supply and demand of upstream basic metallurgical and control equipment provides guarantee for the production and operation of the industry, but the fluctuation of steel price makes the related enterprises face the challenge of whether to transfer the production cost. Looking forward to the long term, we judge that the company still has a large space for development in the future: (1) under the background of expanding infrastructure, the investment in fixed assets of the whole society has accelerated, and the construction, transportation, water conservancy, metallurgy, environmental protection and other industries have developed rapidly, indirectly driving the upgrading and transformation of the upstream machinery and equipment industry. (2) Due to the comprehensive influence of increased demand for machine-made sand, increasing application proportion and rising aggregate price, the aggregate industry has significantly increased the procurement demand for upstream crushing and screening equipment, the number of large and super large mining enterprises has increased, and the middle and high-end equipment market has presented a certain degree of prosperous situation of supply and demand. (3) In the long run, the demand for professional treatment of construction waste downstream of the company's resource recycling production line is strong, and the market space continues to expand.

Investment suggestion: we estimate that the company's revenue from 2020 to 2022 will be 473 million yuan, 598 million yuan and 761 million yuan respectively, and the net profit will be 135 million yuan, 171 million yuan and 215 million yuan respectively; we will give the investment rating of increasing the holding of - A for the first time.

Risk tips: fluctuation risk and policy risk of heavy machinery industry, and the project progress does not meet the expected risk.

Author:Karen Joan

Category:Zhejiang Mining Co Ltd

Tag:Zhejiang Mining Co Ltd medium and high end mining machinery equipment supplier technology to help long term space is broad

Time:Aug 01 11:08:33 2020 Saturday



We focus on providing high quality crusher and crusher wear spare parts.

Symons cone crusher 2 feet, 3 feet, 4.25 feet, 5.5 feet, 7 feet.

Sandvik CH420, CH430, CH440, CH660, CH880, CS420, CS430, CS440, CS660.

HP100, HP200, HP300, HP400, HP500, HP700, HP800.

42-65,50-65,54-75,60-89,60-110 Svedala MK-II Primary Gyratory Crusher.

And wear spare parts for other common crushers.

YIWU WINGS TRADING CO., LTD

Room 907,Block A no.272,Xuefeng west road,Beiyuan street,Yiwu,Zhejiang,China

Tel:

+86-136 5675 7664

WhatsApp:

+86-136 5675 7664

WeChat:

+86-177 5752 1553

Mr. Dai Xin: daixin@cncrusher.net

Parent company of YIWU WINGS TRADING CO., LTD is ZHEJIANG ROCK MACHINERY CO., LTD

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