HVAC Refrigeration Network News: For a long time, the company's profit growth mainly depends on investment income. Recently, the main business of the company's headquarters has gradually developed, and the profit growth rate is higher than the growth rate of investment income. With the strong launch of agricultural products cold chain, industrial refrigeration demand and new products such as air compressors, we are optimistic about the growth prospects of the company's main business, and the company's development will be more stable and controllable.
Air compressor will become a new growth point, expected to grow by 100% in 2011
In recent years, the growth rate of the air compressor market has been higher than that of refrigeration compressors. From 2003 to 2010, the average annual growth rate of the gas compressor manufacturing industry was 11 percentage points higher than that of the refrigeration and air-conditioning equipment manufacturing industry. The air compressor market has a large capacity, and the current domestic high-end market is monopolized by multinational companies such as Atlas and Ingersoll Rand.
The company is a leading company in domestic screw refrigeration compressors. The technical difficulty and accuracy requirements of screw refrigeration compressor products are higher than air compressors. There are not many technical obstacles in the company's steering air compressor field. The company directly targets the high-end market. In 2010, the air compressor business has reached more than 40 million yuan. It is expected to achieve 100% growth in 2011 and is expected to reach 300 million yuan in 2015.
Downstream applications such as polysilicon have been exerted, and industrial refrigeration equipment has been rapidly developed. Petrochemical, pharmaceutical, energy, metallurgy, logistics and warehousing, environmental technology and other industrial refrigeration equipment are growing rapidly this year. The company currently has an absolute advantage in the domestic refrigeration system of the polysilicon industry. In 2010, the company's polysilicon refrigeration system revenue exceeded 100 million yuan.
The company is currently cultivating refrigeration systems for multiple applications as a new growth point. We expect the company's industrial refrigeration equipment to grow faster than commercial refrigeration equipment in 2011.
The rise in agricultural product prices has driven the rapid growth of commercial refrigeration equipment
Commercial refrigeration equipment accounts for about 70% of the company's business. The rise in the price of agricultural products makes refrigeration and refrigeration more valuable, and the more expensive the agricultural products, the more frozen and refrigerated. The development of domestic cold chain logistics will greatly enhance the demand for cold chain equipment.
We expect the company's cold chain equipment orders to grow at more than 40% in the first half of 2011, and orders from slaughter plants and logistics warehouses will grow faster.
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