HORIZON CONSTRUCTION DEVELOPMENT(09930.HK):THE SIZE OF AERIAL WORK PLATFORMS MAINTAINED RAPID GROWTH
HORIZON CONSTRUCTION DEVELOPMENT(09930.HK):THE SIZE OF AERIAL WORK PLATFORMS MAINTAINED RAPID GROWTH
Horizon Construction Development Limited (the "Company") announced that its revenue and net profit maintained rapid growth in 3Q23. As construction activities were booming in the third quarter of the year, the market demand for equipment leasing was strong. With the increase of the Company's equipment scale, the revenue in 3Q23 continued to grow. Average utilization rate and rental prices of the Company's operation equipment have increased in 3Q23, which may improve the Company's gross profit margin.
Horizon Construction Development Limited(“公司”)宣佈,其收入和淨利潤在23年第三季度保持快速增長。隨着建築業活動在今年第三季度蓬勃發展,市場對設備租賃的需求強勁。隨着公司設備規模的擴大,23年第三季度的收入繼續增長。公司運營設備的平均利用率和租金價格在23年第三季度有所上漲,這可能會提高公司的毛利率。
The Company's equipment scale further grew. As at the end of 30 September 2023, the Company has further expanded the size of the equipment fleet of aerial work platforms, with the total number reaching approximately 175,000 units. The volumes of neo-excavation support systems and neo-formwork systems were approximately 1.53 million tons and approximately 650,000 tons, respectively, as at the end of 30 September 2023. We believe the market demand for aerial work platforms is strong, and the increase of the size of aerial work platforms is the main driver of the Company's business development.
該公司的設備規模進一步擴大。截至2023年9月30日底,該公司進一步擴大了高空作業平台設備隊伍的規模,總數達到約17.5萬臺。截至2023年9月30日底,新挖掘支撐系統和新模板系統的體積分別約爲153萬噸和約65萬噸。我們認爲市場對高空作業平台的需求強勁,而高空作業平台規模的擴大是公司業務發展的主要驅動力。
The platform business may maintain rapid growth. The Company actively explored the asset-light operation model, improved the efficiency of resource allocation in the industry, and fully met the downstream needs. Although the proportion of revenue from platform and other services was relatively low, we believe that the Company's advantages in operations will enable the platform services to continue to grow rapidly. The Company will continue to balance the proportion of self-owned assets and operating third-party assets to achieve a better development.
平台業務可能會保持快速增長。公司積極探索輕資產運營模式,提高了行業資源配置效率,充分滿足了下游需求。儘管來自平台和其他服務的收入比例相對較低,但我們認爲,該公司的運營優勢將使平台服務能夠繼續快速增長。公司將繼續平衡自有資產和運營第三方資產的比例,以實現更好的發展。
We are optimistic about the Company's performance in 2H23. We believe that the effect of China's macro policy is gradually emerging. The Company's revenue will continue to grow in 4Q23, and its gross profit margin is expected to recover.
我們對公司23年下半年的業績持樂觀態度。我們認爲,中國宏觀政策的效果正在逐步顯現。該公司的收入將在23年第四季度繼續增長,其毛利率有望恢復。
譯文內容由第三人軟體翻譯。