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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.
Greater infrastructure support is "on the way". How elastic are the orders in the Construction Machinery Industry?
① This year's government work report further releases Bullish Signals, supporting "two重" construction with greater intensity; ② Orders for related Construction Machinery companies show signs of recovery after the Spring Festival, and after the start of several major Infrastructure projects this year, the order volume for machinery manufacturers is expected to rise.
Sany Heavy Equipment International Holdings Company Limited's (HKG:631) Intrinsic Value Is Potentially 20% Below Its Share Price
[Brokerage Focus] China Securities Co., Ltd.: January sales of excavation machinery performed better than expected, and it is anticipated that from this year on, Construction Machinery will likely continue to grow well overseas.
Jinwu Financial News | China Securities Co., Ltd. stated that in January, the sales of earth-moving machinery exceeded expectations. Despite the impact of the Spring Festival, the overall sales of excavators and loaders in January achieved growth, with domestic sales remaining nearly flat and export sales slightly increasing, performing better than anticipated. Currently, overseas revenue accounts for nearly 50% of Construction Machinery companies, with some companies exceeding 50%, and the gross margin in overseas markets is higher than in the domestic market. Profits are primarily coming from overseas, and the company believes that future perspectives should focus more on overseas markets. Against the backdrop of interest rate cuts in the USA, there is a more Bullish outlook on non-U.S. overseas supply chains, with expectations that overseas sales of Construction Machinery will continue from 2025.
Hong Kong stock concept tracking | In 2024, excavator sales stop declining and begin to pick up, with multiple Institutions Bullish on the Construction Machinery Industry's continued recovery in prosperity (attached concept stocks).
As a "barometer" of the Construction Machinery Industry, excavator sales rebounded in 2024 after a continuous decline, signaling a Bullish Signals.
Strong Week for Sany Heavy Equipment International Holdings (HKG:631) Shareholders Doesn't Alleviate Pain of Three-year Loss
The 7.8% Return This Week Takes Sany Heavy Equipment International Holdings' (HKG:631) Shareholders Five-year Gains to 121%
