Machine tool companies actively carry out capital operations

Abstract: The high-end equipment manufacturing industry is being popularized by the capital market. In addition to the CNC machine tool industry itself, every segment of the high-end equipment manufacturing industry will bring a huge potential market for the machine tool industry, and the machine tool industry is welcoming the arrival of spring.

The high-end equipment manufacturing industry is being popularized by the capital market. According to statistics from the financial data, at the end of the fourth quarter of 2010, the market capitalization of the top ten awkward shares held by the fund was 42.54 billion yuan, an increase of 62.86% over the previous quarter.

Specifically reflected in the stock market, the segment of the machinery industry has a positive mid-range performance. In January, the share prices of high-speed rail, shipbuilding, heavy machinery and other sub-sectors were in the forefront, and the stock prices of industries such as bearings and machine tools increased at the end of the month.

Take the machine tool industry as an example. Whether it is a new stock just listed, or a stock in the morning market, it is eye-catching. Compared with the Shenyang Machine Tool and Qinchuan Development in the morning, it is also the leading enterprise in the machine tool industry. The prosperity of the machine tool market has directly improved their business performance. At the end of last year, Shenyang Machine Tool announced that its performance has increased more than five times. Its share price has been soaring recently. Qinchuan Development has been strongly sealed on the daily limit on February 16. The newly listed Huazhong CNC also performed well, and a strong daily limit appeared on the market for more than a dozen trading days.

Policy support

　　 The high-end equipment manufacturing industry is so popular in the capital market, which is inseparable from the support and direction of national policies. Compared with the machinery industry such as construction machinery and coal mining machinery, the prospect of high-end equipment manufacturing industry seems to be broader and the imagination is even greater. On September 8, 2010, the State Council reviewed and approved in principle the "Decision of the State Council on Accelerating the Cultivation and Development of Strategic Emerging Industries" to integrate high-end equipment manufacturing into strategic emerging industries as a pillar industry. High-end equipment manufacturing mainly includes aviation, satellite, rail transit equipment, offshore equipment and intelligent manufacturing equipment. According to the explanation of the Department of Equipment Industry of the Ministry of Industry and Information Technology, intelligent equipment manufacturing mainly includes six categories of products such as intelligent instrumentation, CNC machine tools and robots. In addition, according to authoritative sources, the Equipment Industry Department of the Ministry of Industry and Information Technology is actively taking the lead in formulating the “Twelfth Five-Year Plan” for high-end equipment manufacturing, while the “Twelfth Five-Year Plan” for equipment manufacturing has been drafted and is ready for submission to the State Council for approval. Introduced before the end of the month. Analysts believe that China's high-end equipment manufacturing has a considerable technical base and talent reserves in China. Whether it is high-speed rail, nuclear power, shipbuilding or military industry, every segment has huge investment opportunities, the industry "12th Five-Year" R&D and investment during the period were “big-handed”. According to relevant persons from the Ministry of Railways, in 2010, the Ministry of Railways invested a total of 700 billion yuan in high-speed rail, of which the infrastructure component accounted for the largest proportion, reaching 40% to 60%; the purchase of motor vehicles accounted for 10% to 15%. The automobile production industry chain has entered a period of rapid growth since 2010, and the business related to high-speed rail has grown rapidly.

It is also known that during the “Twelfth Five-Year Plan” period, the research and development expenses of large aircraft projects will be about 60 billion yuan, which will be invested in five years. The development cost for large civil passenger aircraft is 40 billion yuan, which is used for the development of large military transport aircraft. It is 20 billion yuan. The development experience of equipment manufacturing industry at home and abroad shows that the development of equipment manufacturing, CNC machine tools is the foundation. In addition to the CNC machine tool industry itself, every segment of the high-end equipment manufacturing industry will bring a huge potential market for the machine tool industry, and the machine tool industry is welcoming the arrival of spring.

At the same time, the major projects of high-end CNC machine tools and basic manufacturing equipment technology have also been carried out step by step. In the year of the launch of the major special project of CNC machine tools in 2009, 194 projects were arranged. The total funding for the project was 7.271 billion yuan, of which the central government invested 1.623 billion yuan, and the local match and the enterprise self-raised 5.648 billion yuan. So far, some projects have been delivered and used, greatly improving the industry's independent innovation capabilities.

According to the special plan, by 2020, about 80% of the high-end CNC machine tools and basic manufacturing equipment needed for aerospace, shipbuilding, automobile and power generation equipment manufacturing will be based in China, which means that the space for import substitution of machine tool products in China will be very large in the future. In 2010, the output growth rate of Jinqiu machine tools was 33.1%, and the growth rate of CNC machine tools was as high as 66.7%. In the past 10 years, the average annual compound growth rate of China's CNC metal cutting machine tools is only 31.93%. The growth data for 2010 means that the development of CNC metal cutting machine tools has entered a new stage. It is almost certain that the machine tool industry as a post-cycle industry, driven by the development of high-end equipment manufacturing industry, the prosperity of the machine tool industry in 2011 is expected to continue.

Machine tool companies are actively preparing for the listing

　　 The pursuit of the equipment manufacturing industry in the capital market is also attracting more machine tool companies to set foot on the road to preparation for listing. Recently, several machine tool companies have successively landed in the capital market. In the interview, the reporter learned that the companies that have recently landed in the capital market have experienced many twists and turns, or after a long period of preparation, it is obvious that listing is not an easy task. To win the listing qualification among many competitors, you must have your own unique strength.

Yawei shares have been listed on March 3. Jiangsu Yawei Machine Tool Co., Ltd. originated from the state-owned Jiangdu Machine Tool Plant established in 1956. Since the 1970s, it has been engaged in the research and development of sheet metal processing machine tools. After the establishment of the company in February 2000, the company has been engaged in research and development, production, processing and sales of sheet metal forming machine tools. Up to now, Yawei has become the longest product line in the domestic plate processing machine tool field, and one of the few companies that can provide medium and high-end flat-panel processing machine products and provide coil processing machine products.

Huazhong CNC, the only leading CNC system company with complete independent intellectual property rights, successfully landed on the GEM on January 13. Huazhong CNC has undertaken the 863 numerical control project and has a post-doctoral workstation. The technical strength is at the leading position in China. At present, the localization rate of China's medium and high-grade CNC systems is only 30% and 2% respectively. It is expected that by 2015, the demand for medium and high CNC systems will reach 150,000 sets, and the compound growth rate will exceed 40%.

In addition to Huazhong CNC and Yawei machine tools, Shandong Bote Seiko has taken a different approach in the capital market. Shandong Bote Precision first launched the “Technology Innovation Board”. On January 6, the Tianjin Equity Exchange Technology Innovation Board settled in Tsinghua Research Institute and the launching ceremony was held as scheduled at the Innovation Building of the Yangtze River Delta Research Institute in Zhejiang. Six companies have been listed as “Technology Innovation Boards” and entered the market. The Science and Technology Innovation Board is a specialized feature of the Tianjin Equity Exchange and the Zhejiang Tsinghua Yangtze River Delta Research Institute to jointly provide high-efficiency investment and financing services for high-tech and innovative enterprises. In January 2011, the first batch of six companies was launched. Entering the market, Shandong Bote Precision Co., Ltd. is the first listed company in the technology innovation board.

In fact, the power of the capital market is becoming the choice of more industry companies. In the interview, the reporter learned that many industry companies are actively seeking to go public, whether it is a large state-owned enterprise with a long history or a private enterprise that has risen rapidly in recent years. Indeed, in the increasingly fierce competition in the machine tool industry, With the accumulation of the company itself, the strength is inevitably weak, and the strong financial support of the capital market will win a broader market prospect for the enterprise.

For example, after the listing of Huazhong CNC, in addition to the fundraising project under construction, the company will also carry out renovation and expansion on the original site to further enhance the company's production capacity. It is estimated that in 2011, the company will raise funds to expand the production capacity of CNC system, from the original annual output of 5,000 sets to an annual output of 15,000 sets, which will realize a profit of 56.34 million yuan. The company's AC servo drive capacity will increase from 12,000 sets to 50,000 sets per year. Will realize a profit of 23.08 million yuan.

The funds raised by Yawei Co., Ltd. will be used to implement three technical transformation and expansion projects, namely, the CNC turret punching technology transformation project, the high-speed precision coiling plate leveling shearing line technical transformation project, and the large-scale CNC sheet material bending. Machine technical transformation project. Yawei shares said that the use of raised funds is centered on the company's main business. The newly added production capacity is the capacity expansion of the company's existing superior products. The fundraising project has undergone strict, prudent and professional feasibility analysis and demonstration. Has a good market prospects and economic benefits.