At present China is the world's biggest elevator producer and consumer. China elevator output and consumption in the global accounted for more than 60%, is expected in 2015 the total output of the elevator is close to 800000 units, calculated at each an average of 200000 yuan, is already a level billions of market. But the elevator ownership per capita in China still lags behind that of developed countries and regions, in the long run, there are still big promotion space elevator ownership in our country.

Stock base and the downstream business, promote industry entered a stage of steady growth. Ne off sales growth is slowing in China, on the one hand, is due to the domestic elevator industry after nearly 10 years by an average of 20% of high-speed growth, nearly six times the elevator production growth, elevator ownership at the end of 2015 is expected to exceed 2015 units, with the enlargement of the base stock, the outbreak of the industry from the original growth into the stable growth phase. As the elevator industry, on the other hand, the main downstream, the boom of real estate industry and the elevator needs strong correlations. As the real estate market boom, accumulative total construction area of the building growth is declining, a slowdown in demand of the industry.

Rail, affordable housing and old modernization needs hedge downward pressure of the part. Elevator commercial housing in the downstream demand accounts for more than half of total demand, there is about 30-40% of the demand and the real estate industry association. And property of new slowing demand in contrast, the lift sales in rail transportation, housing and remolding old ladder update a few fields such as present high growth momentum, new demand decline in demand for traditional form a hedge, the next 3 to 5 years new ladder growth can still maintain a production and sales in 5-10%.

After the installation maintenance market is expected to usher in the outbreak. In 2015 the country's 2015 elevators will produce at least 20 billion yuan in maintenance of the income scale, and as running more than 15 years of elevator, gradually into the high-dimensional premium with phase, after the market size is growing climbing. At the same time, the market after the elevator maintenance form is changing, for the sake of safety and regulation, more and more elevator owners tend to choose the elevator factory professional maintenance. We expect the industry over the next five years maintenance business income in the proportion of revenue will reach more than 30% of the scale.

Two property industry to lay the transformation direction in the future. First of all, the elevator industry overall profitability the characteristics of steady, cash-rich denotative development provides financing conditions for the enterprise. Dropped and the future real estate boom, new ladder sales growth is slowing, provide an opportunity for the enterprise transformation, so the elevator companies are looking for a new growth point of the transformation of power. At the same time, the elevator enterprises have intelligent manufacturing gene also offers business transformation industrial foundation and breakthrough direction. Most domestic elevator production process automation, have a intuitive understanding on robot application prospect. We think that the robot, Internet of things and the integration of elevator enterprises manufacturing capability, cut into the intelligent manufacturing, is the elevator industry development trend in the future

Risk tip: downstream business down the elevator needs lower than expected; Maintenance market scale growth is slow; Progress in the transformation of enterprise in the direction of robot and so on is uncertain.