The integration of construction machinery and equipment leasing industry is imperative, and head enterprises such as Huatie emergency are expected to continue to expand their scale

Recently, Huatie emergency released the 2021 semi annual report. During the reporting period, the company promoted the steady development of the three business segments with the help of the improvement of the city scene, so as to achieve an operating revenue of RMB 1.062 billion, a year-on-year increase of 76.37%; The net profit attributable to the shareholders of the listed company was 195 million yuan, a year-on-year increase of 135.65%.

The semi annual report shows that in the first half of 2021, the operating revenue of aerial work platform reached 380 million yuan, a year-on-year increase of 105.51%; The gross profit was 187 million yuan, a year-on-year increase of 109.14%. The operating income of underground maintenance projects was 95.8547 million yuan, a year-on-year increase of 27.49%; The gross profit was 48.9138 million yuan, a year-on-year increase of 55.66%. The operating income of building support equipment was 577 million yuan, a year-on-year increase of 72.77%; The gross profit was 304 million yuan, a year-on-year increase of 43.87%.

Huatie emergency is promoting digital construction, landing asset light cooperation, promoting the integration and coordination of business segments, continuing the company's incentive mechanism, optimizing the company's personnel structure and improving the company's overall strength.

China Railway continues to become bigger and stronger in emergency

At the beginning of its establishment, Huatie emergency was mainly engaged in the leasing business of subway steel support equipment, and the reserve of subway steel support equipment ranked first among the members of China infrastructure material leasing and contracting Association. With the increase of customer demand and the enrichment of the company's capital scale, the company continues to expand the variety of equipment. At present, it has covered a variety of building support equipment, including subway steel support, civil steel support, aluminum alloy formwork, turnbuckle scaffold, beret, servo axial force system and integrated lifting operation platform, and accurately grasp the window period of rapid development of aerial work platform market, Quickly cut into the market and quickly become the leading enterprise in the industry.

It is understood that Huatie emergency took the lead in establishing a team of professional managers of equipment leasing, continuously expanded outlets, realized national layout, continuously optimized the management system and incentive system, attracted leasing talents, and centrally empowered outlets through the construction of a digital platform to improve management efficiency. After long-term development, the company has become one of the domestic head equipment leasing enterprises.

In March 2019, Huatie emergency entered the aerial work platform rental market. By the end of June 2021, more than 30000 aerial work platforms have been managed, more than 100 operation centers have been opened in China, more than 400 cities have been arranged, and the stations are the first echelon of domestic aerial equipment leasing

Meanwhile, Huatie grasped the development trend of aluminum alloy formwork industry and vigorously developed aluminum alloy formwork business. On the basis of its original aluminum alloy template leasing business, the company jointly established Zhejiang Yougao and acquired Zhejiang hengaluminum in 2019, realizing the leapfrog development of aluminum alloy template leasing business. In addition to leasing, Zhejiang hengaluminum has established aluminum alloy formwork bases in Zhejiang and Guizhou, and its production capacity and pre assembly capacity have reached the advanced level of the industry.

In January 2021, the company acquired the remaining 49% equity of Zhejiang hengaluminum and turned Zhejiang hengaluminum into a wholly-owned subsidiary. In July 2021, the company integrated the internal aluminum alloy template assets to Zhejiang hengaluminum, which has an aluminum alloy template area of more than 700000 square meters, further promoted the business collaboration of aluminum alloy template, shared customers, brands, procurement and other resources, in order to seize the industry opportunities and become bigger and stronger.

Industry integration is imperative

It is worth mentioning that China's construction machinery and equipment leasing industry is still in its infancy, with the characteristics of large market scale, many competitive enterprises and low market concentration. According to the caliber of China Construction Industry Association, there are more than 20000 construction machinery leasing service enterprises in China, but most of them are small. From the perspective of the North American market with mature leasing market, the head leasing enterprise, the United States joint leasing, had an operating revenue of US $8.53 billion in 2020, accounting for about 14% of the North American equipment leasing market. At present, China's construction machinery and equipment leasing industry is too fragmented as a whole, and the market share of the top 100 lessors is only 3%. The industry concentration needs to be improved.

On the other hand, large enterprises often rely on the advantages of dense outlets, complete qualifications, sufficient funds and strong professional service ability to be more easily recognized by customers and become bigger and stronger; Small enterprises are often easily eliminated by the market due to their small scale, insufficient funds, insufficient outlets and lack of implementation experience. The differentiation of "survival of the fittest" among enterprises will become more and more obvious. The popularization of Internet information technology, the intensification of market competition, the improvement of market standardization and the tightening of market supervision will further accelerate the improvement of industry concentration.

Huatie emergency said in the semi annual report that after consolidating the advantages of asset scale, the company will shift its strategy to asset light operation mode, which is expected to continuously expand the scale of assets under management, reduce the dependence on capital investment and realize the rapid growth of management scale.

GF Securities Research Report also mentioned that China's construction machinery and equipment operating lease market has the characteristics of large market scale, many competitive enterprises and low market concentration. The service quality of the industry is uneven, and industry integration is imperative. With the deepening development of the industry, the market share of medium and large companies with capital advantages, scale advantages, operation ability and anti risk ability will be further improved, and the industry concentration will be gradually improved. A