Aluminium Truck Body,Aluminum Panel Sheet,Polished Aluminum Sheet,Aluminium Alloy Sheet KAM KIU ALUMINIUM GROUP , https://www.taishankamkiu.com
There is no pressure on the full cost of orders at the beginning of 2011
In January 2011, the production capacity was about 65,000 units, which reached the upper limit of capacity of Weichai. Since the production of Weichai depends on the order of the entire vehicle company, the company's inventory does not increase. From the perspective of the vehicle companies we know, there is no increase in inventory. Of course, it is not ruled out that dealers increase inventory in advance to prepare for the peak season in March. Weichai's cost accounts for 75-78% of Chinese and foreign counterparts, and the company has control over this part of the cost; the direct procurement of scrap and scrap iron accounts for only 10% of the cost. At the same time, the wages of the company's front-line employees did not increase
Heavy truck, loader, bus engine leading product line will be further expanded
In 2010, Weichai sold 560,000 to 600,000 engines of various types, including about 400,000 heavy-duty engines with a market share of nearly 40%; more than 100,000 units of loader engines of more than 5 tons, and a market share of more than 80%; About 40,000 engines, the market share of 50%.
Weichai's current products are mainly concentrated on 8-12 liters of engines, and will develop 5-7 liters of market in the future. The market will be mainly configured for medium and small excavator markets and medium and small passenger car markets.
The small and medium excavators have a market capacity of more than 100,000 units per year. Currently, they mainly rely on foreign imports. The company's product prices are only half that of imported products. Currently, it is being adapted to Sany, China United, and Liugong; the market capacity of medium and small passenger cars exceeds 300,000 annually. Taiwan, the company is currently and Yutong, Huanghai and other manufacturers.
Weichai's capacity reserve is sufficient, and future capital expenditures are not large
Weichai currently has an annual production capacity of 700,000 units, including an annual production capacity of 360,000 units in the old factory in Weifang, a capacity of 240,000 units per year for the new 1 plant, and an annual production capacity of 100,000 units for the new 2 plants.
In the first quarter of 2011, the new 2 plants will also release 100,000 units of production capacity, basically meeting the 2011 production demand. At present, the company's new No. 3 plant and No. 4 plant have been completed, and as the production demand is gradually put into use, the company's future capital investment demand is not large.
Multiple hands ready to actively prepare for heavy vehicle IV standards
In the face of the national IV standards that may be implemented on January 1, 2012, the company has made adequate preparations. The company will mainly adopt the high pressure common rail + SCR technology route. At the same time, in order to cope with policies and consumer orientation, the company has also prepared for single pump + EGR or SCR solutions.
Weichai is the leading heavy-duty engine company in China. The expansion of product lines will increase the growth potential. At the same time, the company has cost control capabilities. In 2010, PE is only 12 times, which is obviously lower than the 15 times PE level of construction machinery.