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Strong performance growth Engineering machinery was favored in the first quarter

Edit:Kyotechs Machinery Co.,LtdUpDate:Mar 21, 2018

As of February 1, a total of 10 construction machinery Enterprises released 2017 years of performance forecasts, the overall performance of the industry growth is strong. Among them, 7 companies forecast to achieve net profit growth, 1 companies forecast to continue surplus, 2 companies forecast to achieve loss.

With the net profit growth limit as the standard, in 10 of the construction machinery enterprises that released the forecast, 5 companies forecast net profit growth exceeding 200%, 31 heavy industry net profit increased more than 900%.

Since the end of 2016, the construction machinery market continues to rebound. Benefit infrastructure investment growth, low base, replacement and export growth, such as superposition factors, 2017 all kinds of construction machinery products sales hot, excavators and other types of construction machinery sales to a new record. 2017, excavator sales exceed 140,000 units, an increase of nearly 100%.

Into the 2018, the construction machinery market remains stable. January, China Construction Machinery Market index CMI Rose 30% year-on-year.

Pacific Securities analysts said that according to the latest industrial chain research, the January excavator industry is expected to sell sales in 10,000 units, the year-on-year growth of about 120%. It is expected that January, February cumulative sales of nearly 20,000 units, flat or slightly increased, March sales may significantly exceed expectations, the first quarter sales are expected to exceed 30%.

Joint Securities analyst pointed out that the Chinese construction machinery Market index and new orders and product prices related to the index are rising, "Zisheng" to help leading enterprises report repair and gross profit margin rise.

Haitong Securities said that because of the recent Komatsu announced in 2018 to increase its full range of excavator product prices, as well as Cqs and other foreign parts companies in China to shrink production capacity, domestic OEMs and excavator parts companies will usher in development opportunities.