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China Chain sprocket profit
A powerful tool industry, the revitalization of the equipment Chain sprocket became non-existent, like. And as electromechanical equipment of nc machine tools, efficient and flexible, precision, composite, integrated many advantages, has become the main processing equipment of the equipment manufacturing industry and market, its ownership of the mainstream products and technology level of a country strong competitiveness.

In the national rejuvenation of the Chain sprocket background, as instruments of production equipment, machine tool demand will maintain faster growth rate. But as the mainstream products, machine tool CNC growth rate will be faster. We maintain machine industry "additional" investment rating. CNC machine industry: downstream demand growth in demand growth in earnings ascending downstream

Machine this belongs to the machine industry, machinery industry and downstream industry and investment in fixed assets are closely related. Downstream industry investment in fixed assets in the year, approximately 60% for the purchase of mechanical products. Therefore in the machine tool industry in the downstream industry, the main part of the investment in fixed assets is used to purchase equipment manufacturing tools, machine tool. Through the statistical tools, downstream industry growth in fixed asset investment in social average speed is faster.

Auto parts industry is the main demand of machine tools. We select transportation equipment manufacturing data discovery, 2003-2006, transportation equipment manufacturing, fixed asset investment amount 40.16% complete compound annual growth rate, In the first eight months, the total 1557.43 billion yuan, a year-on-year growth of 35.40%.

Chain sprocket including fabricated metal products, general manufacturing equipment, equipment manufacturing, electrical machinery and equipment manufacturing, instruments and cultural office manufacturing, etc. Over the past three years, the universal equipment manufacturing, special equipment manufacturing and electrical machinery and equipment manufacturing complete amount of investment in fixed assets compound annual growth rate 62.75% respectively, and 52.69% 33.03%, 68.81% and 47.71%, respectively, In the first eight months, respectively, and the total 1397.59 978.31 936.38 billion yuan, a year-on-year growth of $55.7% 56.1%, and 44.7%. And communications equipment, computer and other electronic equipment manufacturing complete TouZiNian compound annual growth rate over the past three years 29.91%, In the first eight months, the total 1280.85 billion yuan, a year-on-year growth of 27.6%.
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