In the past 11 months of 2009, Anhui Heli Co., Ltd. accomplished plenty of achievements. The forklift production capacity in Heli reached 5500 sets. In November, Heli sold 3300 sets of forklifts, among which 2850 were sold to domestic market while 450 for export. The whole corporation sold 32,900 sets of forklifts from January to November, getting quite close to the goal of 34,000 planned at the beginning of 2009. If the company goes smoothly in December, this year can realize sales of 36,000 sets. In terms of export, Anhui Heli initially planned to export 6000 sets in 2009; however, the actual number will be about 3700 sets.   

It is anticipated that Anhui Heli will export 6000 sets in 2010. Though Anhui Heli realized to sell 28,854 sets of forklifts in domestic market, a year-on-year increase of 16%, the company didi not satisfy with the product structure of domestic sales. According to the data, the low-end products were about 70% compared with 50% in previous years, which dragged the improvement of net profit margin behind. On the other hand, the export product structure was mostly high-end products. In Anhui Heli, the situation of orders returned to be better, and orders in November had some increase from October. As Heli keepsstrong sense on operation, the net profit ratio will move 2 percent upward on the basis of sales revenue increasing 20%.

·Heavy-Duty Equipment Business in Anhui Heli

The heavy-duty products in Heli were stackers and container reach stackers. As the volume of the heavy-duty products was low, Heli integrated it into the statistics form of forklifts in the annual report. In 2009, Anhui Heli established a sales department specialized to promote heavy-duty products so as to develop fast. Due to the high imported matching parts for the heavy-duty products, the net profit ratio still has large room to improve. From January to November, Heli produced 8 sets of reach stackers and 56 sets of stackers, enjoying a notable increase compared with the same period in 2008. Sany Heavy Industries, although entering this field later than Heli, sold 90 sets of reach stackers from Jan. to Nov. in 2009, appearing a sharp increase momentum. At present, nearly 80% of the heavy-duty product market was occupied by imported products, and in China there were only Anhui Heli and Sany Heavy Industries marching forward in this area, processing better competitive layout and larger import-substitute space.

·Loader Business in Anhui Heli

“In our view, the excavators will substitute some functions of loaders from this year and in future annual domestic demand of loaders may be contracted,” the spokesman of Heli said, “we are still far away from earning in the field of loaders, and this industry will shrink in the coming years. The loader business in Anhui has failed in the deed.” Supposed the RMB has an appreciation of 3% and the price of steel rises less than 15%, it is predicted that the EPS (Earnings per Share) of Heli will be 0.24 Yuan and 0.45 Yuan respectively in 2009 and 2010. The dynamic profit rate of Heli in 2010 is anticipated to be 29 times, ranking higher in the construction machinery industry.

About Anhui Heli

One of the ten largest manufacturers of forklifts in the world, we are also engaged in the production and sales of various construction vehicles, mining machinery, and related spare parts. Furthermore, we are also involved in the outputting of metal materials, petrochemicals (excluding dangerous chemicals), electronic products, electric devices and rubber products.

Having received government investment and support, in addition to cooperating with a Japanese forklift manufacturer in the past, our products meet international quality standards. In 1999 we received ISO9001 certification for our management system, with our products having been evaluated as compliant with European 'CE'quality and safety regulations.

Marketed under our proprietary "HELI" brand, our forklifts are suitable for use in various applications. These include ports and harbors, airports, construction sites, shopping malls, warehouses, and for short distance transportation. With capabilities for forklift truck design, manufacturing, testing and inspection that lead the domestic market, we are the sole company in this field to be listed on the Shanghai Stock Exchange.

With the only national-level forklift R&D center in China, we can also provide scientific consultancy for the domestic materials handling industry. If you are interested in any of our series, please feel welcome to contact us. We are looking forward to working together with your company for future cooperation.