used excavator The prosperity is expected to continue to improve

Release date 2024-12-02 15:04:28 Reading 0

　　The construction machinery sector continues to strengthen, and the industry is expected to usher in an upward cycleused excavator for sale

　　Since the beginning of this year, the construction machinery sector in the A-share market has continued to strengthen. As of April 25th, the Wind Engineering Machinery Index has risen by 19.99% so far this year, with Shantui Shares up more than 60%, Liugong up more than 50%, and Zoomlion Heavy Industry Science and Technology Co., Ltd. up more than 30%, significantly outperforming the market. Analysts say that as the global economic recovery drives demand and domestic equipment renewal policies marginally improve sales, the construction machinery industry is expected to usher in an upward cycle.used excavator for sale

　　First quarter performance improvedused excavator for sale used excavator for sale used excavator for sale

　　Recently, the market has entered a period of intensive release of annual and first quarter reports. From the first quarter report, it can be seen that individual stocks in the construction machinery sector have performed better than expected or rebounded positively.used excavator for sale used excavator for sale

　　Hengli Hydraulic's first quarter report shows that the company achieved a revenue of approximately 2.362 billion yuan in the first quarter, a year-on-year decrease of 2.7%; The net profit attributable to shareholders of the listed company was approximately 602 million yuan, a year-on-year decrease of 3.77%. Zheshang Securities stated that due to sluggish industry demand, Hengli Hydraulic's first quarter performance slightly declined, putting pressure on profitability, but better than market expectations.

　　Liugong expects a profit of 457-536 million yuan in the first quarter, an increase of 45% -70% compared to the same period last year. Liu Gong stated that during the reporting period, the company continued to adhere to the transformation and innovation since the mixed ownership reform and overall listing, and enhanced its execution ability. The main business revenue achieved year-on-year growth, and the revenue growth in both international and domestic markets outperformed the industry. The profitability (including gross profit margin and sales net profit margin) steadily increased, promoting a significant increase in the company's operating performance.

　　From the perspective of the industry situation, according to statistics from the China Construction Machinery Industry Association on major excavator manufacturers, 24980 units of various types of excavators were sold in March 2024, a year-on-year decrease of 2.34%. Among them, there were 15188 units domestically, a year-on-year increase of 9.27%; Export of 9792 units, a year-on-year decrease of 16.2%. From January to March 2024, a total of 49964 excavators were sold, a year-on-year decrease of 13.1%. Among them, there were 26446 units domestically, a year-on-year decrease of 8.26%; 23518 units were exported, a year-on-year decrease of 17.9%.

　　Wang Yi, Chief Economist of Great Wall Securities, stated that the construction machinery industry has undergone a transformation, and with the global economic recovery, the industry is expected to continue its high prosperity in the future.used excavator for sale used excavator for sale used excavator for sale used excavator for sale

　　The prosperity is expected to continue to improveused excavator for sale used excavator for sale

　　In addition to the improvement in performance, there are also favorable policies at the policy level.used excavator for sale used excavator for sale used excavator for

　　Recently, the Ministry of Housing and Urban Rural Development issued the "Implementation Plan for Promoting the Renewal of Construction and Municipal Infrastructure Equipment", which clearly proposes to update and eliminate construction machinery and equipment that have been in use for more than 10 years, high pollution, high energy consumption, severe aging and wear, and outdated technology, including excavation, lifting, loading, concrete mixing, elevators, bulldozers and other equipment (vehicles), in accordance with the requirements of the "Technical Specification for Inspection of Construction Site Machinery and Equipment" (JGJ 160). The Ministry of Industry and Information Technology, the National Development and Reform Commission, and seven other departments recently jointly issued the "Implementation Plan for Promoting Equipment Renewal in the Industrial Field", which requires accelerating the replacement of outdated and inefficient equipment. Accelerate the elimination of outdated and inefficient equipment, as well as outdated and obsolete equipment that has exceeded their service life, in industries where production equipment such as industrial mother machines, agricultural machinery, engineering machinery, and electric bicycles is generally at a low to medium level.

　　With the recovery of industry prosperity and favorable policies, the construction machinery sector has continued to strengthen this year. As of April 25th, the Wind Engineering Machinery Index has risen by 19.99% so far this year, Shantui Shares has risen by 66.60%, Liugong has risen by 52.82%, Shanhe Intelligence, Anhui Heli, and Zoomlion have all risen by over 30%, and XCMG Machinery has risen by over 27%; During the same period, the Shanghai Composite Index rose 2.62%, while the ChiNext Index fell 6.70%. The construction machinery sector significantly outperformed the market.used excavator for sale used excavator for sale used excavator for sale

　　On the financial front, Wind data shows that as of April 24th this year, Sany Heavy Industry and Zoomlion Heavy Industry have both received net inflows of over 500 million yuan from northbound funds in the construction machinery sector.used used excavator for sale used excavator for sale used excavator for saleexcavator for sale

　　For the construction machinery sector, Zhao Yuewei, Chief Analyst of Machinery Research at Haitong Securities, stated that although some areas of the domestic market will still face certain pressures in the short term, with the effectiveness of policies and the improvement of the market environment, the sales growth rate is expected to improve marginally; Despite the severe and complex international situation, with the overall advantages of China's engineering machinery technology, products, and services, it is expected that the export volume will still maintain a high level. Overall, opportunities and challenges coexist in the industry in 2024, with opportunities outweighing risks.used excavator for sale used excavator for sale used excavator for sale used excavator for sale

　　Wang Yi believes that the global economy is showing a moderate recovery trend, and the global manufacturing PMI returned to the expansion range in the first quarter; North American manufacturing industry is returning, and Indonesia's infrastructure real estate is driving demand for engineering machinery exports; The domestic equipment update policy is expected to partially offset the decline in the domestic market for construction machinery. Under the combination of domestic and international factors, the construction machinery industry is expected to usher in an upward cycle.used excavator for sale used excavator for sale used excavator for sale used excavator for sale

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