Machine Tool Industry Investment Strategy Report

The policy is helping the Chinese machine tool company to improve its competitiveness. High-end machine tool requirements have obvious user-customized features, and the high added value of the product comes from the ability to innovate in response to user needs. Therefore, user-oriented innovation is the core competitiveness of machine tool companies. In recent years, the Chinese government has successively promulgated the "Revitalization of Equipment Manufacturing Opinions", the "National "Eleventh Five-Year Plan", the "National Medium- and Long-Term Science and Technology Plan", and the "11th Five-Year Plan for CNC Machine Tools" and other policies to be issued. The supporting measures have created conditions for the machine tool industry to comprehensively enhance its competitiveness. What we are most looking forward to is the financial and tax support that can reduce the burden on machine tool companies, as well as the supporting policies for purchasing domestic machine tools.

The "Eleventh Five-Year Plan" will be the "Platinum Era" of China's machine tool industry. Based on two assumptions: (1) The average annual growth rate of domestic machine tool consumption is maintained at around 15% (CAGR during the “Tenth Five-Year Plan” period is 23.72%); (2) The market share of domestic machine tools has increased to 60% ( In 2005, the market share of domestic machine tools increased by 3 points to 46%. It can be inferred that the compound annual growth rate of domestic machine tool output during the 11th Five-Year Plan period will be above 20%.

Compared with international machine tool companies, the value of leading Chinese machine tool companies is underestimated. In 2005, China has become the world's third largest machine tool manufacturer, and is also the country with the highest growth expectations among major machine tool manufacturers. Considering the continuous improvement of the competitiveness and profitability of Chinese machine tool companies, the valuation of China's machine tool industry should not be lower than that of the weaker European and American counterparts. Compared with the average price-to-earnings ratio of 19 times in Europe and the United States and 24 times in Japan, the average price-earnings ratio (18) for the leading Chinese machine tool industry should be acceptable.

The machine tool is the leader of both worlds, and the risks and opportunities of historical problems coexist. G Sinking Machine (000410) is the leading enterprise of CNC lathe drilling machine in China, and G Qin Development (000837) is the leader in the field of precision machine tools. From the 2005 output value and profit of the group, the parent companies of the two companies are ranked second and third in the country. The total output of G machine CNC machine tools is the first in China. There is no gap between the leading products and Taiwan, Korea and other places. There is also a breakthrough in the field of high-end machine tools. G Qin Development has a monopoly position in the domestic CNC gear grinding machine market and has the competition with world-class companies. The ability of the cylindrical grinding machine is second in the country. Both companies are still underestimated, and the risk points are mainly in the historical burden. G's high debt and capital, G Qin's development of Qinzhong Electronics will take some time to resolve. The resolution of relevant historical issues coexists risks and opportunities for the company.

Ball Valve

Ball valve is evolved from the plug valve, its opening and closing parts as a ball, using the ball to rotate 90 degrees around the axis of the stem to achieve the purpose of opening and closing, the difference is that the cock body is a ball, with a circular through hole or channel through its axis. The ratio of the sphere to the passageway should be such that when the ball is rotated 90 degrees, the inlet and outlet should be completely spherical, thus cutting off the flow.

The role of ball valve in the pipeline is mainly used to cut off, distribute and change the direction of media flow, designed into the V-shaped opening ball valve also has good flow regulation function.

Ball valve is not only simple in structure, good sealing performance, but also in a certain nominal range of small volume, light weight, less material consumption, small installation size, and driving torque is small, easy to operate, easy to realize rapid opening and closing, is one of the fastest developing valve varieties in recent decades. Especially in the United States, Japan, Germany, France, Italy, West, Britain and other industrial developed countries, ball valves are widely used, the variety and number of use is still continuing to expand, and to high temperature, high pressure, large mouth, high sealing, long life, excellent regulatory performance and a valve multifunctional direction, its reliability and other performance indicators have reached a higher level, And has partially replaced Gate Valve, Globe Valve, Regulating Valve.

Ball Valve,Electric Ball Valve,Pneumatic Ball Valve,High Pressure Ball Valve

WUXI KVC-VALVE , https://www.kvgatevalve.com