Although China's GDP growth rate is only 0.5 percentage points lower than that of the previous period, with the continuous regulation of real estate and the transformation of the macro economy, many industries relying on investment, such as domestic steel, cement, and construction machinery, suffer much more “painful feelings†than data performance. How to break through in pain becomes a top priority.
Training has been referred to as an affiliate
As the largest construction machinery company in China, Sany Heavy Industry fully enjoys the dividend of investment-driven economic growth. From 2007 to 2011, the growth rate of China's fixed asset investment maintained at around 25%, the operating income of Sany Heavy Industry increased from 9.1 billion yuan to 50.7 billion yuan, and the profit rose from 1.9 billion yuan to 8.6 billion yuan. Large engineering machinery companies.
However, since the second half of last year, the situation has undergone major changes. With China's economic growth, especially the slowdown in investment, construction machinery companies are no longer in good shape. In the first half of this year, domestic sales of construction machinery such as excavators and bulldozers saw a negative growth of around 30% year-on-year, while the profits of some construction machinery companies fell by more than 50%.
It is the recent “disguised layoffs†controversy that caused all parties to doubt Sany. In early July, hundreds of engineers at Sany Heavy Industry in Shanghai and Kunshan chose to resort to labor arbitration because they were dissatisfied with the company’s transfer policy. This triggered the market's speculation on the condition of the 31 Capital Stock Link.
President of Sany Heavy Industry Xiang Wenbo said in Shanghai recently that the so-called "layoff" is purely a misunderstanding. He told reporters that the personnel expansion of Sany Heavy Industry has been very fast these years, and half of the 8,000 R&D personnel are new in the past two years. “Before the entire industry grew rapidly, there was no time for training for new employees. Now it is slowing down and trying to make up classes and sending some highly educated engineers to the workshop to practice, but it has caused such a big storm.â€
Xiang Wenbo admitted that although the company’s original intentions are good, some executive departments have adopted simplistic operations that have led engineers to mistakenly assume that the transfer of posts is a punitive measure, resulting in opposing emotions. "Now this matter has been well disposed of. There is no problem with the capital chain of Sany Heavy Industry. There are more than 6 billion yuan in cash on the books."
In an e-mail sent to the media, Sany Group stated that it must correctly grasp the current situation and control the rapid growth of company personnel. Non-emergency talents cannot be recruited.
Reinforced concrete shouts
Trinity’s encounter was not accidental. In addition to construction machinery, industries that are closely related to investment and real estate, such as steel, cement, and building materials, cry. Some economists said that although the overall economy is running smoothly, the feelings of different companies are quite different, and we must pay attention to this phenomenon of “macro-comfortable and microscopic uncomfortableâ€.
Steel is one of the "painful" industries. The steel spot trading platform "Nishimoto Shinkansen" has monitored that domestic steel prices have fallen from more than 4,200 yuan to less than 3,800 yuan in the past three months. Dealers in Shanghai reported that in the face of the weak demand of terminals, many people played the banner of “do not look at the offer and deal mainlyâ€, and the atmosphere of “fighting down†was strong. Baosteel announced that the ex-factory price of mainstream products in August will be lowered by RMB 100-500/t, which means that the earnings of the steel companies in the third quarter will continue to be less optimistic. “The impact of steady growth on the market is still at a psychological level, and it is difficult to change the pattern of weak steel prices,†said Qiu Yuecheng, a senior researcher at the Nippyu Shinkansen.
Training has been referred to as an affiliate
As the largest construction machinery company in China, Sany Heavy Industry fully enjoys the dividend of investment-driven economic growth. From 2007 to 2011, the growth rate of China's fixed asset investment maintained at around 25%, the operating income of Sany Heavy Industry increased from 9.1 billion yuan to 50.7 billion yuan, and the profit rose from 1.9 billion yuan to 8.6 billion yuan. Large engineering machinery companies.
However, since the second half of last year, the situation has undergone major changes. With China's economic growth, especially the slowdown in investment, construction machinery companies are no longer in good shape. In the first half of this year, domestic sales of construction machinery such as excavators and bulldozers saw a negative growth of around 30% year-on-year, while the profits of some construction machinery companies fell by more than 50%.
It is the recent “disguised layoffs†controversy that caused all parties to doubt Sany. In early July, hundreds of engineers at Sany Heavy Industry in Shanghai and Kunshan chose to resort to labor arbitration because they were dissatisfied with the company’s transfer policy. This triggered the market's speculation on the condition of the 31 Capital Stock Link.
President of Sany Heavy Industry Xiang Wenbo said in Shanghai recently that the so-called "layoff" is purely a misunderstanding. He told reporters that the personnel expansion of Sany Heavy Industry has been very fast these years, and half of the 8,000 R&D personnel are new in the past two years. “Before the entire industry grew rapidly, there was no time for training for new employees. Now it is slowing down and trying to make up classes and sending some highly educated engineers to the workshop to practice, but it has caused such a big storm.â€
Xiang Wenbo admitted that although the company’s original intentions are good, some executive departments have adopted simplistic operations that have led engineers to mistakenly assume that the transfer of posts is a punitive measure, resulting in opposing emotions. "Now this matter has been well disposed of. There is no problem with the capital chain of Sany Heavy Industry. There are more than 6 billion yuan in cash on the books."
In an e-mail sent to the media, Sany Group stated that it must correctly grasp the current situation and control the rapid growth of company personnel. Non-emergency talents cannot be recruited.
Reinforced concrete shouts
Trinity’s encounter was not accidental. In addition to construction machinery, industries that are closely related to investment and real estate, such as steel, cement, and building materials, cry. Some economists said that although the overall economy is running smoothly, the feelings of different companies are quite different, and we must pay attention to this phenomenon of “macro-comfortable and microscopic uncomfortableâ€.
Steel is one of the "painful" industries. The steel spot trading platform "Nishimoto Shinkansen" has monitored that domestic steel prices have fallen from more than 4,200 yuan to less than 3,800 yuan in the past three months. Dealers in Shanghai reported that in the face of the weak demand of terminals, many people played the banner of “do not look at the offer and deal mainlyâ€, and the atmosphere of “fighting down†was strong. Baosteel announced that the ex-factory price of mainstream products in August will be lowered by RMB 100-500/t, which means that the earnings of the steel companies in the third quarter will continue to be less optimistic. “The impact of steady growth on the market is still at a psychological level, and it is difficult to change the pattern of weak steel prices,†said Qiu Yuecheng, a senior researcher at the Nippyu Shinkansen.
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