[China Agricultural Machinery Industry News] Every year from September to October, it has always been the sales season of construction machinery, known as the "Golden September and Silver 10". In September, domestic excavator sales reached a new high, up 70.66% year-on-year. According to new data from China Construction Machinery Trading Network, in August, 26 major excavator manufacturers sold 4,349 excavators, an increase of 44% year-on-year and 19% quarter-on-quarter. This figure continued to climb in September, at 5,456.
The contradiction between supply and demand in the construction machinery industry still expands the export business to find a breakthrough
In the first three quarters of this year, the total sales volume of excavators in China reached 50,941 units, an increase of 6.87% over the same period of the previous year. Other types of construction machinery, such as truck cranes, road machinery, and rotary drilling rigs, have also experienced varying degrees of growth.
In the first three months of this year, sales of construction machinery also rebounded. At one point, practitioners believed that construction machinery rebounded or even reversed after continuous decline, but sales of construction machinery fell again in the second quarter.
“The increase in sales at the beginning of the year was mainly due to the fact that diesel engine emission standards were second in the country, and some manufacturers pushed sales to increase sales. The rebound in sales since August-September was affected by downstream actual demand.” One analyst Interface news reporter said.
The source believes that the excavator's monthly data has increased significantly year-on-year. The reason is that the base number was lower in the same period last year. On the other hand, the excavator's startup data continued to improve, and was driven by downstream infrastructure and real estate demand. In addition, the PPP model (Public- The promotion of Private-Partnership (public-private partnership) has a certain positive impact on the sales of excavators.
On October 18, the Ministry of Finance released the third batch of analysis reports on government and social capital cooperation demonstration projects. The third batch of PPP demonstration projects were reviewed and a total of 516 demonstration projects stood out, with a total investment of more than 1.17 trillion yuan. The third batch of demonstration projects are concentrated in four types of industries: municipal engineering, transportation, ecological construction and environmental protection, and urban comprehensive development.
Since the beginning of this year, real estate sales and construction have gradually improved, and the state finance has also actively supported the construction of infrastructure. "However, under the influence of relevant regulatory policies, the demand for construction machinery may be weakened by real estate. For the whole industry, the weak recovery may still be a major trend," said the analyst.
While the short-term sales volume of construction machinery has soared, the social holdings are still at a high level. The task of de-capacity in the industry is extremely arduous. Taking excavators as an example, the current domestic level of ownership is about 1.5 million units.
“The contradiction between supply and demand in the construction machinery industry is still serious, and the industry should seek breakthroughs by expanding its export business.”
According to data from China Construction Machinery Business Network, in September this year, domestic excavator exports rebounded, with a total of 603 exports, an increase of 19.17% from the previous year, an increase of 25.36% compared with the previous year.
The above analysts pointed out to reporters that under the "One Belt, One Road" policy, more and more construction machinery enterprises are looking for emerging markets by "going out".
In addition, the research and development of products and the post-marketing services of engineering machinery are also considered to be the key to the development of the domestic construction machinery industry. “Especially, the construction machinery leasing and remanufacturing business has great potential for development.”
Among the companies that have released the third-quarter results forecast, Xugong Machinery (000425.SZ) expects net profit from January to September to be 150-180 million yuan; Zoomlion (000157.SZ) expects a loss of 812 million from January to September. - 787 million yuan, down 56.70% year-on-year to 51.87%, compared with 837 million yuan in the first half of the year, and pre-micro profit of 25 million to 0.5 billion yuan in the third quarter; Liugong Machinery (000528.SZ) expects net from January to September The profit was about 4 million to 10 million yuan, down 82.23% year-on-year to 55.57%.
"In the process of weak recovery in the industry, enterprises with better product layout, continuous market share expansion, and actively diversifying accounts receivable may have a continuous growth in performance." The analysts pointed out to reporters.
(Original title: China's agricultural machinery industry scale advantage clearly meets 90% of agriculture)

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