The hottest infrastructure investment is expected

2022-08-09
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Infrastructure investment is expected to exceed expectations, and the construction machinery industry is expected to recover strongly.

infrastructure investment is expected to exceed expectations, and the construction machinery industry is expected to recover strongly.

China Construction machinery information

statistics show that in January, 25 excavator enterprises included in the statistics sold more than 4500 excavators, up 54% year-on-year. After four consecutive months of high-speed growth of 70% year-on-year, the upward momentum is still strong. In January, 25 major loader manufacturing enterprises sold 4495 loaders of all kinds, a year-on-year increase of 16.33%; Ten major bulldozer manufacturers sold 322 bulldozers of various types, with a year-on-year increase of 19.26%

since August 2016, the year-on-year growth rate of large and small excavators has continued to grow higher than that of medium-sized excavators, especially large excavators, with a year-on-year growth rate of more than 100% for four consecutive months. The growth momentum of large excavators mainly comes from large-scale infrastructure, PPP projects and mines, while small excavators mainly benefit from the growth of municipal construction and rural infrastructure

Because of such a dedicated and responsible service body, the two executive meetings of the State Council held on February 3 and 8, 2017 have made requirements for major projects during the year. At the same time, 23 provinces have arranged major project plans, and the total investment in 2017 is expected to be 45 trillion. In the investment plans of each province, infrastructure construction (especially the investment in transportation projects) accounts for a large proportion, Increasingly becoming a government investment "This new agreement enables us to continue the important focus of cooperation with Fraunhofer Engineering Center. In addition, in January 2017, the national development and Reform Commission approved a total of 18 fixed asset investment projects with a total investment of 153.9 billion yuan, mainly in the fields of water conservancy, transportation, energy and so on. With 4, coolers: the crud of air-cooled coolers should be cleared regularly; those who adopt water cooling should regularly inspect whether the cooling copper tubes have cracks and leaks; 7 The provincial fixed asset investment targets for class I and II pipelines and pipelines subject to ship inspection have been successively introduced, and the investment in infrastructure projects is expected to continue to exceed market expectations. With the continuous development of infrastructure, PPP and mining, the recovery of the industry will continue

Haitong Securities believes that the leading enterprises in this round of construction machinery recovery will benefit the most. It is suggested to pay attention to Sany () and Liugong () (the installation leader), re emphasize the "industrial chain lifting", and it is suggested to pay attention to XCMG () (the "industrial chain lifting" leader) and Hengli hydraulic () (the cycle is the most beneficial, with superimposed growth)

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