On January 5, the Ministry of agriculture and rural areas issued the national development plan for Agricultural Mechanization in the 14th five year plan, which aims to stabilize the total power of agricultural machinery in China at about 1.1 billion kw by 2025, rationalize the allocation structure of agricultural machinery, significantly improve the operating conditions of agricultural machinery, and basically establish a socialized service system for agricultural machinery covering pre production and post production, Remarkable results have been achieved in energy conservation and emission reduction of agricultural machinery and equipment, the support of agricultural machinery for agricultural green development has been significantly enhanced, mechanization, informatization and intelligence have been further integrated, the ability of disaster prevention and reduction of agricultural mechanization has been significantly enhanced, and the data security and safe production of agricultural machinery have been further strengthened.
The Pacific Securities Co.Ltd(601099) Securities pointed out that the environmental protection supervision is becoming stricter, and the policy stipulates that the fourth stage standard of non road mobile machinery will be implemented from December 1, 2022. The scope of application includes construction machinery, agricultural machinery, garden machinery, generator set, fishery machinery and airport ground handling equipment, mainly due to the continuous improvement of the requirements on the pollutant emission of the above products, In the future, with the stricter implementation of environmental protection standards and the gradual increase of punishment, the use of high pollution emission machinery and equipment that do not meet the policy provisions will be strictly restricted. In terms of ownership, construction machinery and agricultural machinery account for 90% of the ownership of non road diesel mobile machinery. After the implementation of the fourth national plan, it has the greatest impact on the two industries of construction machinery and agricultural machinery. According to the grassroots survey, the price increase of various brands is relatively common. It is expected that the price of national four products is at least 10% higher than that of national three products, or even 20% – 30%. Generally speaking, with the arrival of the time node for the upgrading of emission standards, manufacturers will also reduce the price of national three products to speed up inventory clearance. In addition, the price increase of national four products will also stimulate users’ demand for purchasing national three equipment in advance. Therefore, it is estimated that construction machinery and agricultural machinery are expected to usher in a new round of purchase tide in 2022. Highlight the industry leading companies Sany Heavy Industry Co.Ltd(600031) , Jiangsu Hengli Hydraulic Co.Ltd(601100) , Zoomlion Heavy Industry Science And Technology Co.Ltd(000157) , Xcmg Construction Machinery Co.Ltd(000425) , Yantai Eddie Precision Machinery Co.Ltd(603638) , Zhejiang Dingli Machinery Co.Ltd(603338) , Shaanxi Construction Machinery Co.Ltd(600984) and First Tractor Company Limited(601038) .
(Securities Times)
