Wang Min, chairman of XCMG Group Construction Machinery Co., Ltd., said in a live broadcast on the theme of "Second Lecture of Chinese Enterprise Lectures: How Enterprises Can Find Opportunities in the Post-epidemic Period", overall, the construction machinery industry was hit by the epidemic In the quarter, sales of eight types of mainframes fell by 12.9% year-on-year, and the profits of major manufacturers also fell sharply.
"Our exports were good in the first quarter, with self-operated exports increasing by 40%, brand exports increasing by 18%, and exports in April dropped by more than 30%. This is made up domestically. It seems that the focus of the entire construction machinery industry this year is domestic and international There is too much hope, "Wang Min said.
Speaking of the topic of resuming production, Wang Min said that large projects are an important driving force for the development of the industrial economy, and construction machinery is the basic industry of the national economy. From the perspective of the resumption of construction machinery, the pace of infrastructure construction has not Stopped, the overall economy began to recover strongly, and the construction scale has exceeded the same period last year.
"We think this will be a once-in-a-lifetime opportunity. From the analysis of XCMG's Hanyun Industrial Internet Platform, the overall workload of XCMG's products since March 5 has far exceeded that of the same period last year, with hundreds of thousands of engineering equipment running every day. It has been showing a steadily upward trend. The length of excavator construction reflects the rapid recovery of the Chinese economy. Xugong excavators began to recover gradually from February 15th, and the total working hours by March 15 exceeded the same period in 2019. The peak season was only delayed. Later, but will never be absent, driven by infrastructure and new infrastructure, it will usher in a substantial improvement after the epidemic is completely over, "Wang Min pointed out.
