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Company Study of SINOMA International Engineering, 2009Published by: Research in China Published: Jan. 13, 2010 - 25 Pages Table of Contents
AbstractSINOMA is a leading cement engineering enterprise in the world. The three largest cement design institutes in China are subjected to the company, so the company has strong technical strength in design. Through acquisitions, the company has improved its equipment manufacturing capabilities significantly. It can produce 5000-10000TPD New Dry Process Cement Production Line Equipment. Also, SINOMA is the only one that has a complete cement engineering industrial chain in the world.Since SINOMA entered the global market in 2002, the contracted sum of SINOMA has grown rapidly. By 2008, it had acquired 34% market shares of the global market (except China), ranking first in the world. In 2009, the newly contracted sum approximated RMB20 billion and the orders on hand valued at about RMB55 billion, so the future development of the company is promising. From January to September of 2009, SINOMA achieved the revenue of RMB11.205 billion, with an increase of 16.24% from the same period of last year; the shareholders of the listed company got the net profit of RMB511 million, up 122.17%; in Q3, the company achieved the operating income of RMB3.935 billion, up 26.77% from the same period of last year; and the net profit attributable to the shareholders of the listed company reached RMB194 million, up 133.73%. It is expected that the company's development will rely mainly on the achieved orders and the recovery of the international market in the next 2-3 years. From August to October of 2009, the company obtained more and more orders. The new contracts between the company and Dangote (Nigeria) for three production lines indicated the rebounding of the international market. Africa, Brazil and Russia will be the future hot markets. The company's long-term development lies in the extension of industrial chains. More and more equipment will be made locally. Mining, electric power, chemical equipment and engineering will be the focuses. Once the breakthrough arises, new growth source will come into being. SINOMA is a leading cement engineering enterprise in the world. The three largest cement design institutes in China are subjected to the company, so the company has strong technical strength in design. Through acquisitions, the company has improved its equipment manufacturing capabilities significantly. It can produce 5000-10000TPD New Dry Process Cement Production Line Equipment. Also, SINOMA is the only one that has a complete cement engineering industrial chain in the world. Since SINOMA entered the global market in 2002, the contracted sum of SINOMA has grown rapidly. By 2008, it had acquired 34% market shares of the global market (except China), ranking first in the world. In 2009, the newly contracted sum approximated RMB20 billion and the orders on hand valued at about RMB55 billion, so the future development of the company is promising. From January to September of 2009, SINOMA achieved the revenue of RMB11.205 billion, with an increase of 16.24% from the same period of last year; the shareholders of the listed company got the net profit of RMB511 million, up 122.17%; in Q3, the company achieved the operating income of RMB3.935 billion, up 26.77% from the same period of last year; and the net profit attributable to the shareholders of the listed company reached RMB194 million, up 133.73%. It is expected that the company's development will rely mainly on the achieved orders and the recovery of the international market in the next 2-3 years. From August to October of 2009, the company obtained more and more orders. The new contracts between the company and Dangote (Nigeria) for three production lines indicated the rebounding of the international market. Africa, Brazil and Russia will be the future hot markets. The company's long-term development lies in the extension of industrial chains. More and more equipment will be made locally. Mining, electric power, chemical equipment and engineering will be the focuses. Once the breakthrough arises, new growth source will come into being. Please Note: PDF E-mail from Publisher purchase option allows up to 10 users and does not allow printing or editing. This functionality will require a Global Site License. Get Full Details About This Report >> |
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