Beijing OCEPO Beijing OCEPO

2022 Olympic Winter Games in Beijing:

strong technical force
Home > News

The off-season of the construction machinery industry is not weak, and the market outlook is expected to continue

Sep 23, 2020

In the past August, sales of excavators continued to grow at a high rate. According to observations by Construction Machinery Magazine, sales of excavators in August are expected to reach 20,800, of which domestic sales are expected to reach 18,500, and the export market is basically flat.


At present, the disclosure in the mid-year report of listed companies in 2020 has also ended. The performance of leading enterprises in the construction machinery industry chain in the first half of the year has grown gratifyingly. The net profits of the leading OEMs Sany and Zoomlion increased by 25.5% and 56.0% respectively. Leading Hengli Hydraulics net profit attributable to its parent increased by 47.0% year-on-year. Wanlian Securities believes that the outstanding performance of the interim report confirms the high prosperity of the construction machinery industry.


Looking forward to the future, it believes that under the background of loose monetary policy, continuous promotion of “two new and one heavy”, and increased environmental protection control, the construction machinery industry continues to exceed expectations, and the leading companies have maintained high growth throughout the year.


Pacific Securities pointed out that in the second quarter of this year, the off-season of construction machinery was not short, and sales of excavators continued to grow at a high rate in August, with abundant project reserves in various regions. In terms of funds, on August 7, the China Securities Regulatory Commission issued the "Guidelines for the Public Offering of Infrastructure Securities Investment Funds (Trial)". REITs are getting closer and will provide support for expanding financing channels for infrastructure projects and reducing financing costs.


Pacific Securities judges that the sales of the construction machinery industry in the second half of the year are expected to continue to exceed expectations, and the annual sales of excavators are expected to exceed 300,000 units, an increase of more than 25% year-on-year.

Previous: None

Next: CIIF discusses the development situation of China's manufacturing industry

Rogers

Rogers Zhang