Construction machinery is an important part of the equipment industry. In a nutshell, the mechanical equipment necessary for the comprehensive mechanized construction projects required for earthwork construction, road construction and maintenance, mobile lifting and unloading operations, and various construction projects are called construction machinery.
1. Demand for equipment replacement increases in 2019, core corporate profits exceed expectations
Driven by factors such as demand for downstream infrastructure and the updating of existing equipment, the construction machinery industry's 2019 annual results generally exceeded expectations. In 2019, SANY Heavy Industry's net profit was 11.207 billion yuan, an increase of 88.23% year-on-year; in 2019, Zoomlion Heavy Industry's net profit was 4.371 billion yuan, an increase of 116.42% year-on-year; Xugong Machinery's net profit in 2019 was 3.621 billion Yuan, an increase of 76.89% year-on-year.
2. The construction machinery industry began to release peak season demand in March 2020
According to the statistics of China Construction Machinery Industry Association, from January to April 2020, the 25 excavator manufacturers included in the statistics sold a total of 114,056 excavators, an increase of 10.5% year-on-year; of which 104,648 domestically, accounting for 92% of the overall market sales; exports 9,408 units, accounting for 8% of the overall market sales. From January to April 2020, the 23 loader manufacturers included in the statistics sold a total of 40,943 loader types, down 7.04% year-on-year. The sales volume in China's domestic market is 32,805 units, accounting for 80% of the total sales volume; the export sales volume is 8,138 units, accounting for 20% of the total sales volume. 3. Overweight infrastructure investment is expected to promote sales in the construction machinery industry
Looking forward to the whole year, the growth logic of the construction machinery industry remains unchanged. Overweight infrastructure investment is expected to further increase the sales of the construction machinery industry. It is expected that the industry will resume growth in the second quarter and the whole year. The annual revenue and profit of OEMs and core supporting enterprises are still expected to maintain two Growth above the single digit.
For more data, please refer to the "Forecast of China's Construction Machinery Manufacturing Industry Market Demand Forecast and Investment Strategic Planning Analysis Report" of the Foresight Industry Research Institute. At the same time, the Foresight Industry Research Institute provides industrial big data, industrial planning, industrial declaration, industrial park planning, and industrial investment attraction And other solutions.
