Recently, reporters from the Shanghai Securities News found that from excavators to cranes to concrete pump trucks, the entire construction machinery industry showed a boom in orders and sales. At the same time, industry giants such as Zoomlion and Xugong Machinery’s controlling shareholders have seized the opportunity to launch plans to introduce strategic investors (hereinafter referred to as strategic investment), with a view to achieving leapfrog development with the help of strong strategic investment when the trend is strong.
Line up to order construction machinery. A grassroots survey conducted by CME Construction Machinery Network shows that in July 2020, sales of excavators (including exports) reached 17,500 units, a year-on-year growth rate of about 42%.
Industry giants performed even stronger. The relevant person in charge of XCMG Machinery stated that the output of XCMG excavators in the first half of the year increased by more than 50% year-on-year, and the capacity utilization rate reached over 85%. Among them, excavators of more than 50 tons were in short supply. "Customers are waiting in line for orders with money." said the relevant person in charge of XCMG Machinery.
Cranes and concrete pump trucks are also selling well. The relevant person in charge of Zoomlion said that the second quarter sales season is coming, the demand is good, the orders are full, and the delivery date of some crane products has been scheduled to the first quarter of next year.
Cranes can be divided into truck cranes, construction cranes (also called tower cranes) and so on. Take truck cranes as an example. Since the second quarter, the production and sales of Zoomlion's small-tonnage truck cranes have been on the rise. In particular, the 12-ton, 20-ton and 25-ton products launched in the past two years have been in short supply.
From January to July, the production and sales volume of tower cranes and lifting platforms of Zoomlion Construction Hoisting Machinery Company increased significantly year-on-year, and both set the highest level in the same period in history. Although Zoomlion continues to increase production capacity and capacity, customers still have to wait in line.
As early as the first quarter, Zoomlion's concrete machinery rose against the trend, and its product sales increased significantly. In the second quarter, "out of stock" and "out of stock" became a common phenomenon in the product lines of pump trucks, mixer trucks and mixing stations.
This business cycle is unusual. Tianfeng Securities believes that compared with the last round of the rise of the construction machinery industry, this round of construction machinery industry recovery is very different. This round of recovery is more dependent on the endogenous power of the construction machinery industry, including renewal demand, increased construction demand, domestic substitution, and acceleration of machine replacement.
"The enthusiasm of new energy construction such as wind power has made our crawler crane wind power version of construction machinery equipment in short supply. The enthusiasm of new and old infrastructure in various places has detonated the construction machinery industry." A related person from Zoomlion said.
The popularization of prefabricated construction puts forward higher requirements on construction cranes, which brings unprecedented opportunities to the construction crane industry. The boom in production and sales has brought unexpected results. Zoomlion’s semi-annual report expects a profit of 3.8 billion to 4.2 billion yuan, an increase of 47.5% to 63% year-on-year. Zoomlion said that in the first half of 2020, domestic infrastructure, new energy and other downstream industries will maintain a high level of prosperity, and the "two new and one heavy" projects will expand the space of the construction machinery industry. The market for core products has good feedback, and orders and sales remain high. increase.
Some people from construction machinery companies said that the construction machinery industry is starting a new round of take-off. However, the industry is a capital-intensive industry, and to achieve a new take-off, it still needs big capital boost. Based on this, some construction machinery giants have launched plans to introduce strength war investment.
On July 6, Zoomlion disclosed its fixed increase plan. It plans to lock in fixed price to raise funds of no more than 6.6 billion yuan. It mainly invests in mining machinery intelligent manufacturing projects, key parts intelligent manufacturing projects, and mixer truck products intelligent manufacturing upgrade projects Wait.
In this fixed increase plan of Zoomlion, the total fundraising of 6.6 billion yuan will be undertaken by Huaijin Cornerstone, Taiping Life Insurance, Hainan Chengyisheng and Ningbo Shituo, with subscription amounts of 3.1 billion yuan, 1.9 billion yuan, and 1 billion yuan. Yuan and 600 million yuan.
"As the basic industry of the national economy, the construction machinery industry is also one of the forces implementing the'six stability and six guarantees'. Through refinancing, it can expand investment in the real economy and promote the upgrade and long-term development of enterprise intelligent manufacturing." The relevant person in charge said.
