Data:2009-12-12 2:34
Category: Money tips Release Date: 2006-05-09
Zoomlion (000157 market, information, reviews, search) is sharp: in 2002 the company invested over 6500 Shanghai Ho Construction Machinery Leasing Co., Ltd., and invest 135 million to set up in Beijing in conjunction Emerging Construction Machinery Leasing Co., Ltd., currently 2 progress of projects were thwarted in 2005, a loss of 15.6305 million yuan, respectively, and 12.3377 million yuan, the company may write off the two companies.
The company's leasing business is due to slow progress of construction machinery industry, the equipment rental business is still in cultivation period and the opening up period, the market is not mature; the same time, the domestic construction companies in order to ensure the construction qualification, but also wish to take the way to buy. Currently the company is to lease two Beijing Shanghai Beijing platform integrated into a single platform, leasing platform, will be responsible for leasing and sales part of the business. First half of 2006, the two leasing companies have improved, Shanghai and Beijing Zhong Lian Hao up new losses dropped to 2.82 million and 4.69 million yuan. We expect that with the progress of integration, the future rental business will be improved.
States Securities analyst Raymond Tam that the rental business setback does not affect the progress of the company's main business, now sells in good shape, rotary drilling rigs and crawler cranes will become a new growth point, continue to maintain the company's "short-term - recommended long-term -- A "investment rating.