【Yongmao E6A 交流专区】永茂控股 YONGMAO HOLDINGS LIMITED

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Corporate Profile

Since 1992, our Group has been involved in designing and manufacturing a wide range of towercranes, components and accessories. Sold mainly to construction equipment distributors and equipment rental companies in overseas markets and to construction companies and equipment rental companies in the People's Republic of China ("PRC"), our towercranes are also exported to over 70 countries and areas around the world. Our towercranes have been used in many prominent projects in the PRC and overseas. Our brand name "Yongmao" was recognised as a "Chinese Well- Known Brand" (中国驰名商标) in the PRC.

We have the capability to design and manufacture a wide range of towercranes which are used mainly in construction sites to lift building materials and equipment. We currently offer a variety of towercranes with lifting capacities in the range of 80 to 1200 tonne metres and which are broadly classified under the Topless STT series, the ST series, the Luffing STL series and the Derrick Q series.

Our research and development capabilities have enhanced our ability to compete effectively in our industry. Since we commenced manufacturing of towercranes, our research and development team has successfully developed approximately 60 models and sub-models of towercranes. This has not only broadened our product range but also helped us to remain competitive.

We have strong brand recognition and an established track record. In the PRC, our towercranes are used in many important and prominent projects such as the construction of the China National Opera House in Beijing, the Qinshan Nuclear Power Station, the new terminal for Beijing International Airport, the Shanghai South Railway Station, the Changjiang River Bridge, the Fujian LNG Project and many key buildings in the Beijing Olympics Village and Sports Hub as well as many landmarks in Expo 2010 Shanghai China. In the overseas markets, our towercranes are used in significant projects such as the Imperial Wharf and 22 Marsh Wall (The Landmark) projects in London, UK, the City of Dreams casino project in Macau and AZ - St. Jan General Hospital in Brugge, Belgium, and GCUH - Gold Coast University Hospital, Australia.

We have a high level of expertise and experience required for design and development of towercranes, a strong track record and a wide customer base. We have also achieved various safety standards prescribed for cranes by different countries and various certifications required to be obtained before cranes can be exported to these countries.

公司官网：http://yongmao.listedcompany.com/

Name of Announcer *	YONGMAO HOLDINGS LIMITED
Company Registration No.	200510649K
Announcement submitted on behalf of	YONGMAO HOLDINGS LIMITED
Announcement is submitted with respect to *	YONGMAO HOLDINGS LIMITED
Announcement is submitted by *	Chew Kok Liang
Designation *	Company Secretary
Date & Time of Broadcast	21-Aug-2013 19:01:13
Announcement No.	00105

>> ANNOUNCEMENT DETAILS

The details of the announcement start here ...

Announcement Title *	INCORPORATION OF JOINT VENTURE COMPANY - CHANGZHOU TAT HONG ZHAOMAO EQUIPMENT RENTAL CO., LTD.
Description	Please see attached.

Attachments

YM_Incorporation_of_Changzhou_Tat_Hong.pdf

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永茂控股不止是盈利不俗那么简单
Tradeable | 2014年06月05日
文 : 林思杰 （译：朱爱伦）
http://www.sharesinv.com/zh/articles/47305/

• 永茂控股的最新年度业绩强劲
• 新兴市场经济起飞及都市化给予永茂控股更多商机
• 永茂控股估值偏低有助降低投资风险
  

年度财报

塔式起重机生产商永茂控股(Yongmao Holdings)在截至2014年3月31日的4Q14录得1,100万人民币(220万元)净利，比上一年同期的570万人民币高出近一倍，由于收入激增68.8%至2亿2,050万人民币。

全年净利及收入分别提高130.4%至5,130万人民币及35.2%至9亿零960万人民币。业绩进步主要是由于来自所有地域市场的收入均增加。

中国市场在4Q14的营业额为1亿3,580万人民币。总体而言，中国市场依旧是公司营业额的主要来源。这个市场占公司4Q14总收入的比例为61.6%，4Q13则是占64.6%。

中东及亚洲(不包括中国)的销售额分别上升3993.4%及38.9%，由于对公司的产品和服务的需求提高，尤其是在以色列/阿联酋及马来西亚和香港/澳门等区域。

欧美市场的销售额上升了73.1%，主要因为俄罗斯业务的营业额增加73.1%。

进军缅甸及其他新兴市场

公司及其子公司在缅甸取得了总值300万元的合约，并于2014年1月首次向缅甸客户交付了一座塔式起重机。

在上述新合约下，公司售出了10座STT系列的塔式起重机给新加坡益立集团(Erect Group)，以在缅甸使用。这些起重机将于2014及2015年陆续交付。

公司管理层预期，缅甸崛起及逐渐都市化将带动建筑活动增多。

亚洲对基础建设的潜在需求使公司着眼于在本区域扩大版图，以借助新兴市场来取得业务增长。

毛利率及利润率

永茂控股的平均毛利率从4Q13的28.1%下降至4Q14的27.6%，主要是由于淘汰旧货的拨备提高，以及中国及亚洲(不包括中国)业务的低毛利小型起重机销售额上升。但部份跌幅因塔式起重机租赁和服务带来的收入(利润率较高)增加而获得弥补。

图表1

公司于2014年5月30日的估值为0.20元。其目前的每股净资产值为0.24元(由人民币换算至新元)。公司目前的股价比每股净资产值低了20%，因而降低了投资者的风险。

此外，图表2显示，从公司的账面值、销售额及现金流来看，其股价并不昂贵。这进一步降低了投资者的风险。

图表2

看涨

永茂控股的基本估值及业务前景令我对他看涨。然而，投资者还需谨慎行事，并多加留意公司所处市场的销售成本，以确保它不会因销售成本攀升而在日后受打击。