Construction machinery enterprises will show diffe

Construction machinery enterprises will show different trends in the second half of the year

construction machinery enterprises will show different trends in the second half of the year

China Construction machinery information

Guide: from January to may 2011, a total of 113800 excavators were produced nationwide, with a year-on-year increase of 51.74%, 175700 concrete machinery, with a year-on-year increase of 46.49%, 273000 excavation and shovel transportation machinery, with a year-on-year increase of 42.51%, and the gross tonnage of cranes was 2.9609 million tons, with a year-on-year increase of 29.26%, Electric forklift truck is a product that attracts much attention from the market, 68700 sets

from January to may 2011, China produced 113800 excavators, a year-on-year increase of 51.74%, 175700 concrete machinery, a year-on-year increase of 46.49%, 273000 excavation and shovel transportation machinery, a year-on-year increase of 42.51%, 2.9609 million tons of cranes, a year-on-year increase of 29.26%, 68700 electric forklifts, a year-on-year increase of 20.83%, and 33400 compaction machinery, a year-on-year increase of 6.64%

in the first half of the year, the construction machinery industry developed first and then declined. In the first quarter, the construction machinery industry was much better than expected, coming out of a wave of rising market against the trend. In the second quarter, the sales situation in the terminal market has deteriorated sharply. Since the Spring Festival in 2011 came half a month ahead of schedule, the sales boom of construction machinery that used to last until May stopped from the quarter when the specimen was stretched to the yield point to the month of fracture force in April. The construction machinery industry experienced a significant decline in May, and the sales of compaction machinery even showed a negative growth in that month. The market generally expects that in the second quarter, driven by the construction of water conservancy projects and affordable housing, although the growth rate of construction machinery will slow down, it will still maintain a relatively stable growth rate, and the actual decline is larger than the market expectation

from the perspective of macroeconomic fundamentals and seasonal factors, the overall growth rate of construction machinery in the third quarter will continue to slow down and enter a stable growth stage. Enterprises will also appear obvious differentiation. External demand will continue to grow, but the arrival of the off-season will be the main factor affecting the performance of the construction machinery industry in the third quarter. When the market fluctuates, enterprises with high market share and export competitiveness will benefit from market uncertainty

the recent national policies are good for the construction machinery industry, but the specific impact will not appear until the fourth quarter. The No. 1 central document paid close attention to water conservancy issues, and then put forward a 10-year investment plan totaling 4trillion yuan; On July 8, the water conservancy work conference was held, which once again emphasized the implementation and implementation of the No. 1 central document. The construction of affordable housing has also begun to enter the actual construction stage. The Ministry of housing and urban rural development stressed that all 10million affordable housing units planned this year must be started before the end of November. In addition, the 12th Five Year Plan for construction machinery is also expected to be issued in the third quarter, when guiding opinions on the development of the construction machinery industry will be issued

external demand will continue to grow. Although the foundation of the global economic recovery is not stable, it is necessary to choose smooth oil suitable for low temperature resistance in 2011. The good situation of the global economy will not change. The export environment of China's construction machinery continues to improve, and the export volume is expected to return to the highest level in 2008

therefore, we believe that the differentiation of enterprises will accelerate in the third quarter. In the context of the slowdown and adjustment of the demand for construction machinery, market competition intensifies. Some enterprises that already have a high market share and strong ability in product design and cost control will have a typical off-season state, in which the strong will remain strong, and the market share will remain stable and will rise

in addition, on the premise that the external demand market is significantly better than the domestic demand in 2011, those enterprises that can successfully develop the international construction machinery market through overseas mergers and acquisitions, independent research and development, industry resource integration and other means will also have a first mover advantage in the future market competition. Although the construction machinery market is in the adjustment period in the third quarter, in the medium and long term, when the overall valuation of the construction machinery industry enters a reasonable regression range at the end of the third quarter, companies that meet these two characteristics will be good investment targets