1, infrastructure investment backstops engineering machinery sales growth is obvious

According to the China construction machinery industry association mining machinery branch of industry statistics, in 2020 include 1 - July 25 host manufacturing enterprises, a total of 189535 units, all kinds of mining machinery products increased 26.7% year on year.

The domestic market sales of 172146 units, up 27.5% from a year earlier. Export sales of 17389 units, up 20.0% from a year earlier. In July 2020, a total of 19110 units, all kinds of mining machinery products increased 54.8% year on year. The domestic market sales of 16253 units, up 59.5% from a year earlier. Export sales of 2857 units, up 32.5% from a year earlier.

Strong demand is also driving the excavator market infrastructure. According to the survey of the CME engineering machinery network, August excavator sales (including exports) are expected to reach 20800 units, 50% year-on-year growth. High growth is mainly driven by domestic demand in August. During the period of the domestic market sales volume is expected to reach 18500 units, 60% year-on-year growth; Export market sales volume is expected to reach 2300 units, flat.

2, infrastructure financing area continue to support the excavator procurement demand growth

From the special bond, August 1, 2020 issued 2.8972 trillion yuan, up 45.4%; After removing PengGai and soil reservoir project, up 207.3% from a year earlier. From the point of financing side, 1 - August year-on-year increase infrastructure related special bonds will drive construction demand continues to grow.

Strong infrastructure requirements related to the new special debt scale to expand this year. Treasury data show that in 2020, our country, the arrangement of new special bonds totaled 3.75 trillion yuan, size increased by 74.4% over the previous year. As of July 14, the new special bonds issued 2.24 trillion yuan, the scale increased 58% year-on-year.

3, improving demand, infrastructure investment rebound

"Weather with rain fade out, building materials is a big probability event, seasonal demand improved infrastructure investment growth is expected to further increase."

The personage inside course of study thinks, the more intensive construction of major projects, steel, cement, excavators and other construction materials, construction equipment demand, investment growth is expected to rebound in coming months infrastructure.

Data, in recent months, infrastructure investment decline narrowed, real estate investment growth is positive.

Infrastructure investment growth for the whole year is expected to achieve double-digit growth. Cicc, growth is expected in the second half of the infrastructure or 10% - 12%, annual growth or 5% - 8%.

4, market focus on tap: profitability continues to grow

In recent years, the engineering machinery market concentration further ascension, along with upgrading equipment demand, industry out of the trough, the overall profitability improvement evident, domestic engineering machinery leading share of continued ascension.

China construction machinery industry association statistics, in 2019 into the statistics of 311 construction machinery industry enterprises, to achieve revenue 668.1 billion yuan, with