Oriental wealth Choice terminal shows that on April 12, the construction machinery plate many stocks turnover active, construction machinery, Xiamen Gong shares, Jifeng science and technology, Zhejiang Dingli and other top gainers. On the news, recently, the Ministry of Housing and Urban-Rural Development issued the "implementation programme to promote the renewal of construction and municipal infrastructure equipment" (hereinafter referred to as the "implementation programme"). Some analysts said that the domestic construction machinery replacement cycle will start, the industry cautiously look forward to the resulting market warming effect.
Equipment renewal policy introduced
Industry demand bottoming out repair
The "Implementation Programme" puts forward the renewal of building construction equipment, renewal and elimination of the use of more than 10 years, high pollution, high energy consumption, aging and wear and tear of serious, technologically outdated building construction machinery and equipment, including excavation, lifting, loading, concrete mixing, lifts, bulldozers and other equipment (vehicles).
According to the China Construction Machinery Industry Association of excavator main manufacturing enterprises statistics, in March 2024 sales of various types of excavators 24,980 units, a year-on-year decline of 2.34%, of which 15,188 units of domestic, a year-on-year increase of 9.27%; exports of 9,792 units, a year-on-year decline of 16.2%.
CITIC Construction Investment machinery industry analyst Lv Juan said that the above policy is expected to become a key factor in starting the replacement cycle of construction machinery, judging that 2024 is the bottoming out of the domestic market of construction machinery, is expected to achieve a slight increase. With the policy to promote as well as the arrival of the replacement cycle, 2025 is expected to usher in a clear upward inflection point, the key parts and components enterprises and the head of the machine plant is expected to take the lead in the performance repair window.
Huaan Securities issued a forecast, from the full year, the engineering machinery industry, domestic demand bottomed out, foreign sales growth, taking into account the monthly distribution of last year's base, it is expected that the second half of the growth faster than the first half of the year. For the main types of excavators, March is the traditional peak season for sales, based on the current judgement, domestic demand is expected to gradually bottom out.
XinFeng's Automatic Batching Machine and concrete mixer
XinFeng's concrete Reclaimer
