ZOOMLION was mired in losses of main income decline in serious transformation dnf商人吧

ZOOMLION was mired in losses: the main income of a serious decline in capital flows not transformation of hot columns thousands of thousands of stocks the latest Rating Rating diagnosis simulated trading client Sina App: Live on-line blogger to tutor Jiepan listen to expert selection on Tournament Lin shares Niugu A shares as a representative of the engineering machinery sector, ZOOMLION (000157.SZ) is still at a loss on the road deeper. ZOOMLION in 2016 1-6 operating income of 9 billion 4 million yuan, down 14.83%; attributable to shareholders of listed companies net profit of -8.37 billion yuan, down 169.99%. In fact, as early as the evening of July 14th, ZOOMLION has released performance notice, expected in 2016 1-6 months attributable to shareholders of listed companies net profit of -8.70 billion to -8.00 billion yuan, down 180.80% to 158.21%. The explanation of performance decline is mainly affected by the decline of construction machinery sector income, employee turnover compensation and exchange rate changes". According to the news report of the interface news, the exchange loss of the company in the first half of 2016 was 107 million yuan; the welfare of the employee after leaving office was 81 million 386 thousand yuan; if the two items were deducted (totaling 189 million yuan), roughly 648 million yuan of the company’s loss came from the main business. Even if the employees dismiss welfare 116 million yuan into the compensation for employee turnover, the main business is still about 532 million yuan loss. The main business losses mainly attributed to the continued downturn in the construction machinery sector. The first half of 2016 ZOOMLION engineering machinery segment operating income of 4 billion 754 million yuan, down 27.81%, total operating income ratio of 52.79% over the same period last year, this proportion was 61.68%; at the same time, the gross margin in 2015 compared to the same period of the engineering machinery sector showed little change, increase by 1.64%, reaching 23.89%, corporate profits decline can hardly be avoided. Combing the ZOOMLION engineering machinery sector business for nearly five years, the interface news found that as a mechanical engineering business segment of the company’s core business of both the absolute amount of income or in the overall proportion of revenues were decreased gradually, it is not hard to understand why the company’s total operating income for the serious decline in recent years. In recent five years, the construction machinery business of ZOOMLION is relative, the income of the two sections of the environmental industry and agricultural machinery, which rely heavily on the way of the company transformation, has increased. Semi annual report data show that ZOOMLION agricultural machinery sector revenue is about 2 billion 128 million yuan, accounting for 23.75% of the company’s total revenue; environmental industry segment revenue is about 2 billion 119 million yuan, accounting for 21.19% of the total revenue of the company; the two add up, accounting for about 45% of total revenue. In the 2015 annual report, the proportion of agricultural machinery and environmental industry two plates accounted for 37.68% of the total revenue. Interface news from 2011 since the environmental protection industry sector data in accordance with the first half of the second half of the year

中联重科深陷亏损:主营收入下滑严重 转型有心无力 热点栏目 资金流向 千股千评 个股诊断 最新评级 模拟交易 客户端 新浪财经App:直播上线 博主一对一指导 听牛人解盘选牛股 上股林争霸赛   作为A股工程机械板块极具代表性的个股,中联重科(000157.SZ)依旧在亏损的道路上越陷越深。   中联重科2016年1-6月实现营业收入90.04亿元,同比下降14.83%;归属于上市公司股东的净利润-8.37亿元,同比下降169.99%。实际上,早在7月14日晚间,中联重科就曾发布业绩预告,预计2016年1-6月归属于上市公司股东的净利润-8.70亿至-8.00亿元,同比下降180.80%至158.21%。   公司管理层对于业绩下滑的解释为“主要受工程机械板块收入下降、员工离职补偿及汇率变动影响”。界面新闻查看公司中报发现,2016年上半年公司汇兑损失为1.07亿元;员工离职后福利为8138.60万元,如果扣除这两项(合计1.89亿元),粗略计算,公司亏损的约6.48亿元部分来自主营业务。即使将员工辞退福利1.16亿元纳入到员工离职补偿中去,主营业务仍然亏损了约5.32亿元。   而主营业务的亏损主要“归功”于工程机械板块的持续低迷。   中联重科2016年上半年工程机械板块实现营业收入47.54亿元,同比减少27.81%,占营业收入的比例为52.79%,去年同期这一比例则为61.68%;同时,工程机械板块的毛利率与2015年同期相比变动不大,提升了1.64%,达到23.89%,公司利润下滑在所难免。   梳理近五年以来中联重科工程机械板块业务的情况,界面新闻发现,作为公司核心业务的工程机械板块业务无论是绝对收入金额还是在总体营业收入中的占比均在逐渐下降,这也就不难理解为何公司的总营业收入近年来下滑严重。 近五年中联重科工程机械业务情况   与之相对的是,公司转型之路上所倚重的环境产业以及农业机械两大板块收入有所增加。   半年报数据显示,中联重科农业机械板块的营业收入约为21.28亿元,占公司总营收的23.75%;环境产业板块的营业收入约为21.19亿元,占公司总营收的21.19%;二者相加,约占总营收的45%。2015年的年报中,农业机械和环境产业两大板块营收占全年总营收的比例为37.68%。   界面新闻将2011年以来环保产业板块的数据按照上半年、下半年进行划分,发现虽然2016年上半年环保产业板块的营业收入是2011年以来最高的,但同比增速(此处上半年与上半年相比较、下半年与下半年相比较)仅为7.86%,略高于2015年上半年的7.40%以及2012年上半年的-4.96%,与2011年(77.91%)、2013年(17.43%)以及2014年(16.51%)的水平相比,有明显放缓的趋势。 近5年环保产业上、下半年营业收入及同比增速情况   而从毛利率角度来看,环保产业板块毛利率自2011年上半年32.18%的高点下降后未能再次达到这一水平,这也在一定程度上限制了公司环境产业板块的盈利水平。 近5年环境产业板块毛利率情况   另一方面,作为公司2015年中报才纳入合并计算的农业机械板块,尽管其业务一亮相,便取得了32.95亿元的营业收入,占公司2015年总营收的15.88%,而且这一比例在2016年上半年进一步提高到23.75%,但15%左右的毛利率水平仍然凸显出该板块业务的“不堪大用”。   整个农业机械行业的发展情况似乎也为公司该板块未来的发展埋下了隐忧。虽然2015年国内农机行业收入7.39%的增幅高于机械行业3.32%的增幅,但近年来整个行业增速下滑已成为不争的事实,国内2015年的增速更是创下近十年的新低。 2012-2015年国内农机行业收入增速情况   值得投资者注意的是,中联重科曾于今年6月基于对行业有望探底企稳的预期,开启总额不超过10亿元的股票回购计划。不过令人遗憾的是,没有迹象表明中联重科的盈利能力开始回升。至少从半年报的情况来看,公司的盈利能力仍在下滑。   虽然2016年中报数据显示,作为中联重科转型核心业务的环境产业与农业机械两大板块业务占总营收的比例已经与传统工程机械板块业务的占比相差无几,公司转型似乎进展顺利,但是环境产业板块业务增速的放缓以及农业机械板块较低的毛利率导致了其并不能弥补传统工程机械业务大幅下滑带来的业绩亏损,公司在行业寒冬之下的转型之路依旧任重而道远。 进入【新浪财经股吧】讨论相关的主题文章: