Export boost is superimposed with frequent new energy orders, and there are bright spots in the construction machinery industry
[Securities Times] according to CME construction machinery trading network, in November, the sales volume of excavators (including exports) was about 20000 units, a year-on-year decrease of about 37.96%. However, the export market estimated that the sales volume was 6500 units, an increase of about 91%. In addition, new energy heavy trucks also obtained bright orders. Jiefang, beiben, SAIC Hongyan and Yutong signed or delivered large new energy orders in various places in November.
Comments: with the overseas economic recovery, the demand for foreign construction machinery is expected to continue to grow. With the continuous improvement of the market competitiveness of domestic brands and the increasingly perfect overseas channel layout, the export market is expected to become an important revenue growth point of the industry. Among them, with comprehensive competitive advantages, leading enterprises have room to further improve their market share in the future. In addition, the electrification of construction machinery will also form a new growth point. Concrete mixer, muck truck and excavator are the easiest products to realize electrification in the future.
Sany Heavy Industry Co.Ltd(600031) (600031): Sany new energy heavy truck of the company was the champion of monthly sales of medium Shanxi Guoxin Energy Corporation Limited(600617) heavy truck in September and October.
Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) (000157): the company continues to strengthen overseas expansion, and the proportion of overseas revenue is expected to increase greatly during the 14th Five Year Plan period.
