◇ Business scope ◇
Main business: research, design, production and sales of construction machinery, engineering machinery, agricultural machinery, forestry machinery
, mining machinery, lifting machinery, motor vehicles in the factory and other high-tech electromechanical integration products and
power, hydraulic and electronic control system products and accessories matched with the main engine; Provide mechanical equipment rental, after-sales service and related technical consulting services; Engaged in the import and export business of commodities and technologies (except those prohibited and restricted by national laws and regulations).
shanhe intelligence: multiple positive stimuli will be launched soon
Kang Yongbiao
Recently, there have been news that the "national team" has increased its holdings of A shares, including Huijin's holdings of CCB and the social security fund's holdings of 1 billion yuan. With the approach of the Central Economic Work Conference, the market's expectations for the introduction of the stabilization fund have warmed up. Under this expectation, today's market rose unilaterally, the volume of transactions was significantly enlarged, and the 6-day moving average was within reach. Intraday, coal, chemicals, sub-new shares and other sectors performed more prominently. In addition, we found that many large-scale infrastructure concept stocks were once again trading daily, and there seemed to be signs of a second start, such as China Railway Second Bureau and Guoheng Railway in railway infrastructure, Kunming Machine Tool in mechanical sector, Chuanrun, Shanhe Intelligent and so on. We believe that with the recovery of the broader market, such stocks are expected to be bullish again, and it is recommended to pay attention to Shanhe Intelligence (297). The company is the largest production base of piling machinery in China, which has obvious technical and brand advantages and will greatly benefit from the new national investment policy. In addition, the circulation of the unit is small, with strong ability of high delivery and transfer, and the market outlook is worthy of attention.
Small and medium-sized construction machinery leaders share the feast of infrastructure investment
The company mainly deals with small construction machinery, large piling machinery, rock drilling equipment, medium and large excavation machinery and other mechanical equipment, and is currently the largest production base of piling machinery in China, a well-established production base of small construction machinery and a national "863" achievement industrialization base. The market share of domestic similar products of the company's hydraulic static pile driver is above 4%; The domestic market share and product export rate of multifunctional small hydraulic excavators rank second among domestic-funded production enterprises; Integrated DTH drilling rig fills the domestic gap and replaces imports. The company has obvious advantages in technology research and development, and has owned 18 patents, 5 patents with exclusive use rights, and 22 patent applications have been accepted. Small construction machinery and piling machinery are the two main products of the company, and their business income accounts for more than 9% of the company's main income. This business pattern makes the development of Shanhe Intelligent very compatible with the measures to expand domestic demand and promote economic growth. With the introduction of the new investment policy of 4 trillion yuan, the market demand for the company's small hydraulic excavators, hydrostatic pile drivers, rotary drilling rigs, coal machines and other products will increase greatly, and the company's future performance will maintain sustained and rapid growth.
Benefiting from the high depreciation of RMB, the ability to transfer RMB is strong
Recently, the exchange rate of RMB against the US dollar has continuously fallen, which is expected to enter the channel of depreciation, and the company's products export a large proportion, which will greatly benefit. The company's export share ranks second in China. According to the data of industry associations, Shanhe Intelligent exported 529 sets, accounting for 38% of the export volume of small hydraulic excavators and 27.7% of its sales volume. According to the data of the semi-annual report, the export sales revenue is 14 million yuan, accounting for 17.12%, and the export revenue growth rate is 28%. With the depreciation of RMB, the company's export income will increase substantially, and its annual performance is expected to increase substantially. In addition, the company belongs to the small and medium-sized board, and its circulation is small. The capital reserve per share and net assets per share reach 2.39 yuan and 4.49 yuan respectively, and the expectation of high turnover is strong. High-transfer concept stocks have always been highly sought after by market funds, and the stock has multiple beneficiary themes, and there is huge room for growth in the market outlook.
in the secondary market, the stock had a strong performance in the early stage. During the eight trading days from November 1th to November 19th, the stock had five daily limit, with the largest increase of 11%. After a rapid pull-up, the stock then made a small adjustment. Recently, however, the stock has been pulling for four years, and today's daily limit is up, and the moving averages are in a state of multi-head attack. The signs of the second start are obvious, and the market outlook can focus on it. Stop loss: 12.8 yuan.
the above comments were made in December 28, when the market was at the bottom.