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New round of cycle starting point? In February, the excavator domestic sales data "exploded" while the main machine manufacturers remain "calm" | Industry observation
① In February of this year, domestic excavator sales increased by 99.4% year-on-year; exports increased by 12.7% year-on-year. ② In Q1, the production scheduling of upstream supporting manufacturers grew rapidly year-on-year, and this year may enter a new rising cycle.
China Great Wall: In February, excavator sales exceeded expectations, and multiple dimensions are bullish on the upward cycle.
China Great Wall suggests paying attention to: Guangxi Liugong Machinery (000528.SZ), Sany Heavy Industry (600031.SH), XCMG Construction Machinery (000425.SZ), Hangcha Group (603298.SH), Anhui Heli Co., Ltd. (600761.SH), etc.
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