In June 22nd, the varieties of the cycle continued to be active, among which the construction machinery sector had been rising for a long time, and the Da Gang Road, Sany and other sectors increased significantly.
The data showed that in January 2018, 105935 -5 months were sold in a total of various types of mining machinery products, up 60.2% from the same year, and the sales volume in the previous May reached 75.50% in 2017, 98727 in the domestic market, 57.7% in the same period, and 7172 in export sales, up 103.9% from the same period. The industry expects that the annual growth rate of excavator sales in 2018 will be around 30%.
Analysts said that monthly sales of excavators continued to record high, indicating that there was a "scissors gap" between the construction machinery industry and the macro economy. In the next three years, on the basis of updating the demand base, with the improvement of the permeability of engineering machinery, the increase of the export ratio and the optimization of the industry pattern, the resilience of the report of the leading enterprises is large, and it is expected to exceed the cycle.
Further look, in May 2018, the domestic leading enterprises Sany, Xugong machinery, Liugong excavator sales growth rate is higher than the industry average growth rate of 71.3%, leading enterprises and cities to increase, the market pattern is further optimized.
The leading enterprises of construction machinery are expected to maintain rapid growth in net profit in the next 3 years. First, with the artificial substitution, the number of construction machinery driven by unit investment continues to increase, and the permeability of engineering machinery continues to increase; second, the stock has entered the 5-6 year renewal period because of the two aspects of environmental protection and machine age, and the renewal demand ensures the sustainability of the growth; third, the export continues to grow, especially the dragon. The export proportion of head enterprises is significantly higher than that of industrial exports; fourth, leading enterprises have benefited from report recovery, industry competition pattern optimization and huge profit elasticity.
