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According to statistics from the National Machinery Industry Federation, the production and sales of the machinery industry grew rapidly in September. Among its 12 subdivided industries, construction machinery has achieved the fastest growth. Among the many products of construction machinery, excavators are the most "hot" products in the construction machinery industry. From January to September, total excavator sales increased by 83.4% year-on-year. The excavator was originally the largest subdivided product market in the construction machinery industry. It can replace loaders and bulldozers in various occasions. Since the 1990s, the annual output of excavators in the world has been far higher than that of loaders and bulldozers. . Domestic well-known excavator makers have been making frequent moves recently. XCMG's excavator industry park in Xuzhou has already circled more than 800 mu of land and produced excavators with a planned production capacity of 30,000 units. Wang Min, Chairman of XCMG Group, said in an interview with the media: "This year our excavator sales are very good and we are very optimistic about the future situation."
Liugong has an excavator manufacturing base in Liuzhou, Guangxi. The company is now in Changzhou, Jiangsu Province, another 600-mu excavator manufacturing base. Not only state-owned enterprises but also private companies are nuggets excavators. Shan Hezhi Chairman He Qinghua said a few days ago that “we are the first domestic private enterprise to do a small excavator and currently have the production capacity of 0.8-47 tons of excavators.†At the same time, in order to develop medium-sized and large excavators, Sanhe Intelligent currently has 2,600 acres of land in Changsha, a large part of which is mainly used to expand the production capacity of medium and large excavators. While consolidating and expanding the domestic market, this year, front-line companies have accelerated the pace of "going out" and have continued to march into the international market. Zoomlion issued a plan to issue 1 billion shares of H shares, which was interpreted by the industry as "a major step toward internationalization." Liugong announced the acquisition of Poland's HSW construction machinery business, which also caused a lot of attention. Guotai Junan believes that this move can significantly save the cost and time of overseas plant construction, and is of great significance to the realization of Liugong’s internationalization strategy.
Based on the long-term, break through the technical bottlenecks of spare parts. The problem with the core of construction machinery is the engine and hydraulic components. In the past, with the technical blockade on key components, foreign companies set up a number of obstacles for Chinese construction machinery companies in the field of excavators. Improving the technical level of host products, reducing dependence on the import of core components, and reducing the cost of host manufacturing have become the consensus of China's construction machinery companies. XCMG Group, Liugong Machinery, and Shanhe Intelligence are trying to break through the various routes.
Institutions favor construction machinery sector, which is inseparable from the high performance and low valuation of the current sector. The average price-earnings ratio of the major companies in the industry this year is 20.2 times, and the average price-earnings ratio in 2011 is expected to be 16.6 times. According to Jun Jun, president of the China Construction Machinery Association, according to the plan, by 2015, the sales revenue of China's construction machinery industry will reach 900 billion yuan. This year, the sales revenue of construction machinery industry will reach 400 billion yuan.
July 10, 2024