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XCMG Construction Machinery Co., Ltd.'s (SZSE:000425) Largest Shareholders Are Individual Investors With 38% Ownership, Private Companies Own 34%
XCMG Secures Over CNY 10 Billion in Contracts at Bauma China 2024
Caixin Securities: National policies help boost domestic demand, and the excavator market remains prosperous.
The Ministry of Industry and Information Technology has issued guidance on the renewal of key industrial equipment, continuously strengthening the foundation of industrial economic operation, promoting the expansion of domestic demand in our country, and the development space of excavators is growing synchronously. bullish on valuation repair, maintaining the 'leading big market' rating.
XCMG Unveils 17 Excavator Models at Bauma China 2024
Sinolink: From "small iron factories in county towns" to a construction machinery giant, the Komatsu model may be replicated in the domestic construction machinery industry.
Currently, domestically produced construction machinery has achieved domestic substitution in the main engine market, but the emphasis on the after-sales market is not enough. Strengthening after-sales markets such as maintenance and repair, and spare parts is key to enhancing revenue stability and sustainability.
Huafu Securities: Domestic demand continues to recover, cme predicts a 13% increase in excavator sales in November.
According to construction machinery magazine statistics, cme estimates that the sales of excavators (including exports) in November 2024 will be around 16,900 units, an increase of around 13% year-on-year. In the long term, domestic demand improvement and continued overseas expansion are the industry's main growth drivers.
There's Been No Shortage Of Growth Recently For XCMG Construction Machinery's (SZSE:000425) Returns On Capital
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