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    002051   CNE000001N13

CHINA CAMC ENGINEERING CO., LTD.

(002051)
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China CAMC Engineering : Lu Chuan, President of XCMG Group, visited CAMCE

10/21/2021 EST

  On October 15th, Lu Chuan, President of XCMG Construction Machinery Co., Ltd. (XCMG Group), visited CAMCE. Wang Bo, Chairman of the company received Lu Chuan and his party and held a meeting. Liu Shengcheng,the company's Deputy General Manager attended the meeting.

  Wang Bo welcomed Lu Chuan and gave a detailed introduction of SINOMACH and CAMCE, as well as the business situation of the affiliated companies such as China IPPR, BMHRI, and CEETC. Wang Bo focused on the 14th Five-Year strategic plan of CAMCE and the company's business layout in domestic and international markets. He hoped that the two parties would carry out in-depth cooperation in overseas markets.

  Lu Chuan introduced the latest strategy of XCMG Group and its domestic and international business, and thanked CAMCE for providing support and assistance for XCMG products to enter the international market. He expressed that both parties can give full play to their respective advantages in engineering projects and technology to achieve a win-win situation in the future.

  Finally, the two parties conducted in-depth exchanges and discussions on cooperation methods.

Disclaimer

China CAMC Engineering Co. Ltd. published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 03:55:01 UTC.


ę Publicnow 2021
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Sales 2021 9 704 M 1 531 M 1 531 M
Net income 2021 563 M 88,9 M 88,9 M
Net cash 2021 8 133 M 1 283 M 1 283 M
P/E ratio 2021 15,6x
Yield 2021 1,13%
Capitalization 8 773 M 1 384 M 1 384 M
EV / Sales 2021 0,07x
EV / Sales 2022 0,09x
Nbr of Employees 5 775
Free-Float 35,4%
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Mean consensus UNDERPERFORM
Number of Analysts 2
Last Close Price 7,09 CNY
Average target price 5,95 CNY
Spread / Average Target -16,1%
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Managers and Directors
Yu Hang Wang General Manager & Director
Ai Li Zhang Chief Financial Officer & Board Secretary
Bo Wang Chairman
Ya Min Zhou Chairman-Supervisory Board
De Cheng Wang Independent Director