Yesterday, Alibaba International Station's online industry exhibition opened, and the global (mechanical) digital shared after-sales platform was simultaneously launched. At the meeting, Zoomlion became the 7th global top 50 Chinese local machinery company to enter the Ali International Station, and Sunward Intelligent launched the world's first 17U small and micro excavator developed according to the international station's big data guidelines and dedicated to the Internet.
Data shows that in the first half of the year, the average monthly growth rate of construction machinery orders for Alibaba International Station reached 119%, and the growth rate rose to 175% in June.
Zhang Chao, an analyst at AVIC Securities, said that head construction machinery companies "go overseas" to participate in global competition, and the expansion of overseas markets will provide additional support for their sales growth.
From the perspective of Komatsu's operating hours, China's Komatsu excavator operating hours in June 2020 were 126.2 hours, consistent with the trend last year. In foreign countries, the operating hours of Komatsu excavators in Japan were 52.6 hours in June, an increase of 3.4% year-on-year; in Europe, the operating hours of Komatsu excavators in June were 72.9 hours, an increase of 4% year-on-year; in North America, the operating hours of Komatsu excavators in June was 72.9 hours. Hours, down 0.7% year-on-year.
AVIC Securities commented that in June, due to the smooth resumption of work and production in Europe and Japan, the number of operating hours turned positive year-on-year, while the resumption of work and production in North America will take time, so it is still negative year-on-year. At present, foreign demand is beginning to recover, and domestic stable demand is superimposed. It is expected that the high sales volume of construction machinery this year will still be guaranteed. Head excavator companies are expected to continue to increase their market share by virtue of their brand, channel and product performance advantages, and their performance is expected to exceed the overall performance of the industry. AVIC Securities recommends focusing on leading construction machinery companies, such as Sany Heavy Industry and Xugong Machinery.
In terms of oil service equipment, Chen Xianfan, an analyst at Soochow Securities, said that domestic companies are also entering the world. Jereh's complete turbo fracturing vehicle has entered the mainstream market in the United States. In addition, its electric drive fracturing vehicle and traditional fracturing vehicle are also expected to achieve overseas sales.
Soochow Securities believes that the domestic operating environment is more difficult than overseas, and the country has a relatively high labor cost advantage, which promotes the level of domestic equipment parameters to gradually be higher than overseas. China National Offshore Oil Services has achieved high profits in Iraq, COOEC has obtained LNG orders in Canada and other places, and Bomeco has obtained LNG and FPSO orders in Russia, Brazil and other places, all verifying the general trend of domestic enterprises to enter overseas.
It recommends focusing on Jereh, the leader in private equipment, and CNOOC, the leader in offshore oil service, as well as Bomec, CNOOC Engineering, and petrochemical machinery. Hong Kong stocks recommend Huayou Energy.
