Everyone thinks that the whole butter machine sector is unlikely to continue to drop sharply. Since the beginning of February, the average price of 14 major butter machine listed companies has dropped by 25%, and the construction machinery has also adjusted by 18%. Excluding data more than 50 times, the average price-earnings ratio of special equipment and general machinery in 2011 is 24 and 27 times respectively. Considering that some of the meager stocks and theme stocks are highly valued, this overall level is acceptable. For example, 10 old machinery companies with a market life of about 10 years have their P/E ratios significantly lower than the median level since their listing.

Even if the growth rate of the machinery industry is a foregone conclusion, we still tend to look for investment opportunities in the fine-molecular industry. In the six major industries with a market capitalization of over 100 billion yuan, the profitability of enterprises with long orders is relatively good. At the same time, PE in 2011 is already about 20 times, which is relatively safe. The two sectors of railway equipment and mining machinery that we screened are more Good defensiveness.

China's high-speed rail in a short pause The small and medium-sized board and the GEM have undergone more than half a year of adjustment, the average decline of small and medium-sized board machinery companies is 22.03%, and the GEM is 31.47%. Based on the 2011 P/E ratio of June 8 closing price, the average price-earnings ratio of 56 mechanical small and medium-sized listed companies was 29 times, and the average P/E ratio of 41 GEM listed companies was 28 times. After the big waves, we believe that the price-earnings ratio of small and medium-sized companies has dropped to a relatively reasonable level, and the 2011 full-year performance of some small and medium-sized enterprises can still be expected. After that, it will achieve healthy development: the impact of the decline in investment volume has already fully appeared in the stock price. As the demand brought by the completion of the line is gradually released, the growth of online equipment in the future will be relatively sustainable, and the high-speed rail related online equipment will enter the scale harvest period. The idea of re-matching also makes online equipment less affected by the decline in fixed asset investment. Good value for money, equipment exports are competitive.

    Yongkang Lianghang Industry & Trade Co., Ltd. specializes in the production of electric pump, foot oiler, fine grease gun, hand pump, willow heavy grease gun and other products, welcome to inquire. Phone 0579-87285588