Xingma wants to embrace Hua Ling in the heavy truck market


On November 30th, after the announcement of the postponement of the one-week resumption of trading, the reorganization plan of Xingma Automobile finally broke through. Anhui Xingma Automobile Co., Ltd. (hereinafter referred to as “Star Mart”) issued an announcement yesterday.

New growth breakthrough

“The company is mainly based on heavy trucks and it has acquired Hualing Motors from Xingma Motor. It hopes that there will be new investment opportunities in the heavy truck market,” commented Jia Xinguang, Sohu’s automotive commentator, in an interview with this reporter yesterday.

It is understood that before the transaction, the main business of Xingma Automobile is concrete mixer truck, bulk cement truck, concrete pump truck and dump truck. The main business of Valin Auto is the R&D, production and sales of heavy-duty vehicles, automotive chassis and auto parts.

Star horse car, said after the transaction, the holding company through its wholly owned Valin car has a heavy-duty automobile production capacity, expanding the company's scope of business, the company has a car chassis, heavy duty trucks and special vehicles full set of multi-series Manufacturing capacity.

It is reported that Valin 's profitability of heavy trucks increased significantly in the first three quarters. Related data show that in the first three quarters of 2009, 10,560 vehicles were sold, achieving sales revenue of 2.517 billion yuan, gross profit margin of 13.36%, and net profit of 208 million yuan. As of September 30, 2009, the total assets of Valin Auto was 3.287 billion yuan, total liabilities was 2.448 billion yuan, and shareholders' equity was 339 million yuan.

At the same time, Xingma Motors also stated that Valin Auto’s fully diluted ROE of 1 September 2009 from January to September 2009 was higher than the 10.20% return on equity of Xingma Automobile over the same period, so the restructuring helped to increase the listing Corporate profitability. The proposed purchase of assets in 2010 is expected to achieve rapid growth in profits, which will increase the performance of listed companies.

Industry insiders believe that Xingma Automobile may use heavy trucks as a breakthrough to seek new growth, because currently Xingma Automobile has encountered certain difficulties in its business development, such as a single product structure, lack of high value-added products, and relatively new product development. Lag and so on, in this context, at the same time in order to meet the national and Anhui automobile industry policy, to break through the company's current development bottlenecks.

Heavy truck prospects are optimistic

“We are all paying attention to the passenger car market this year. In fact, the heavy-duty truck market is also very optimistic. This is mainly related to the strong macroeconomic regulation and control of national policies,” Jia Xinguang told reporters.

Analysts believe that at the end of last year, the government’s ten plans for expanding domestic demand emphasized the need to accelerate the construction of affordable housing projects, accelerate the construction of rural infrastructure, and accelerate the construction of major infrastructure such as railways, highways, and airports. The construction of these projects will require a considerable amount of inputs for production materials. For the heavy-duty truck industry, especially dump trucks, there is undoubtedly a new opportunity.

The performance of heavy trucks seems to have been confirmed by relevant data. According to relevant data, the cumulative sales of heavy trucks from January to October this year reached 510,000, and the year-on-year growth of heavy-duty truck sales further increased from -6% in January to September to 2% in January to October, achieving positive growth. In October, the annual sales volume of heavy trucks has reached 780,000 units. Experts predict that the sales growth of heavy trucks in 2010 will be 10%-15%, and light truck sales will remain basically the same as in 2009.

Although the heavy truck market is more optimistic, Jia Xinguang also mentioned: “Heavy trucks are also facing opportunities for improvement. Due to the optimization of road transport structures, the requirements for transportation tools must also be improved. For example, heavy trucks face problems such as environmental protection and environmental protection. ."

Industry insiders also believe that for heavy-duty users, the first factor that affects their choice is to reduce fuel consumption and save costs while ensuring attendance. With the deepening of the concept of a conservation-oriented society and the strengthening of environmental protection awareness, fundamental changes are taking place in the field of fuel-saving and heavy trucks.
View related topics: China's auto industry recommence mergers and acquisitions wave


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