The explosive growth of construction machinery in the first quarter
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The doubled performance of listed companies is a microcosm of the recovery of the entire construction machinery industry. As the effect of the RMB 4 trillion economic stimulus plan continues to show, the recovery of real estate investment and the continued introduction of regional revitalization plans, industry insiders interviewed by the China Securities Journal generally expect that the construction machinery industry in the first half of this year will continue to maintain strong growth momentum.
Excavator growth rate high industry research report shows that following the strong sales in the fourth quarter of 2009, the sales of various products in the construction machinery industry continued to increase year-on-year in January-February 2010, and excavator, loader, forklift and truck cranes increased by 55% respectively. , 36%, 62% and 46%, of which the year-on-year growth rate of excavators and loaders reached a record high.
The excavator's blowouts showed up on Xiagong. According to Xizhi Gong Dongzhi Wang Zhiyong, the company's loader sales in the first quarter of this year increased by 80% year-on-year, and excavators increased by 150% year-on-year. It is reported that XGMG's excavator sales target this year is 2,500 units, while Liugong excavator sales reached 750 units in the first quarter, Shantui excavator sales in the first quarter of 2000 units, Sany Group excavator sales in the first quarter has exceeded 2,000 units.
Yangtze River Securities analyst Liu Yuanrui believes that the current domestic brand excavator share is not large, with the domestic construction machinery companies in the cost and other advantages, the future expansion of the domestic brand market will be very large.
In fact, the earth-moving machinery represented by excavators is currently the largest category of construction machinery in the global market. In the top 50 global construction machinery manufacturers in 2008, according to the classification of the company's industry, earth and rock machinery ranked first in terms of sales of US$75.079 billion, accounting for 46.32%; operating profit was also the most abundant, accounting for US$5.415 billion. Than 43.04%.
Chen Zhengli, secretary-general of the China Construction Machinery Association Mining Machinery Branch, believes that in 2009, China's excavator market grew by more than 10% year-on-year, new machine sales exceeded 90,000 units, and sales exceeded 500 billion yuan. He predicted that in the next five years, the domestic market share of self-owned brand excavators will increase to 45%-50%, and the growth momentum will mainly come from import substitution.
It is also taking into account the huge market size of earthmoving machinery. Zoomlion acquired Shaanxi Xinhuanggong in 2008 to cut into the field of excavators and bulldozers. In 2009, New Huanggong’s sales revenue was approximately RMB 1 billion, and it is expected to reach RMB 5 billion in 2011. In 2015, it will enter the ranks of China League’s Ten billion Business Unit.
The first half of the year is expected to continue high growth "The current demand for construction machinery products is very strong, and key construction machinery companies are in full production." A brokerage researcher told the China Securities Journal reporter. Historical data show that in March and April of each year, it is the traditional peak season for sales of construction machinery. Therefore, the industry will continue to grow rapidly in the first half of the year and it is expected to usher in the peak of the industry boom.
The boom in construction machinery clearly also ignited the enthusiasm of related companies. When interviewed by reporters from the China Securities Journal, relevant XGMA personnel said that the first quarterly record of high performance was just a new starting point. XGMA's plan is to “turn its head five times in five years.†This year, it strives to achieve revenue of RMB 7.5 billion. By 2015, the company will achieve revenue of RMB 25 billion. To realize this vision, XGMA will use the favorable opportunity for the industry to warm up, continue to increase the market share of flagship products, cultivate new performance growth points such as excavators, and actively expand overseas markets.
According to Hu Wenzhou, a researcher at BOC International, investment may be the main driving force for China’s economic growth for a long time to come. He predicted that the construction of large-scale high-speed railways and regional revitalization plans in the next three to five years will set off a new upsurge of infrastructure construction around the country, and therefore there is still a large demand for construction machinery products.
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