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Construction machinery is a general term for construction machinery used for engineering construction and is widely used in construction, water conservancy, power, roads, mines, ports, and defense and other engineering fields. Therefore, the demand and growth rate of construction machinery products have a strong correlation with the scale of capital construction investment and real estate projects, and the relationship between industry prosperity and fixed assets investment is basically a synchronous and positive correlation.
The global financial crisis since the second half of 2008 has brought a significant impact on the domestic construction machinery industry. Subsequently, the Chinese government introduced 4 trillion yuan to stimulate economic policies. On May 25 this year, the State Council adjusted the capital ratio of fixed assets investment projects. Overall, the ratio of the minimum capital of fixed asset investment projects as stipulated in 2004 was relatively Except for the “two high†industries such as electrolytic aluminum, ferroalloy, coke, etc., which have been raised, most of the industries are downgraded, and the downward adjustment range is between 5% and 15%. As a result, the leverage effect can lead to an increase in investment, stimulating more other funds such as investment in borrowing funds, which is a great advantage for fixed asset investment.
The State Council has substantially reduced the minimum capital ratio of investment projects, which is reflected in the fact that under the background of a sharp drop in imports and exports, national policies have increased the determination of stimulating investment in fixed assets to ensure the realization of the goal of annual economic growth. From the perspective of specific industries, the biggest reductions in this time are ordinary real estate development and infrastructure projects such as railways and highways. The decline in the proportion of real estate investment was mainly due to the small increase in investment in real estate development in the first half of the year, and its huge pull on the economy; the decline in the proportion of railways, highways, ports and shipping was mainly due to the local matching of 4 trillion investment in the first half of the year. The funds were not delivered on time and the project progress was lower than expected.
The construction machinery industry picked up in the first half of the year and exports continued to slump
At present, due to the reduction in the capital ratio of ordinary houses and infrastructure projects, projects that were temporarily suspended due to lack of funds are expected to be launched in advance. The deferred projects will proceed at a normal pace. It is expected that the investment in fixed assets will continue to rise in the coming months, which will drive the Construction equipment industry continued to rise. Real estate investment will bring demand for machinery products such as concrete machinery, tower cranes, truck cranes and excavators. Infrastructure investment will bring demand for products such as cranes, concrete machinery, excavators, loaders, bulldozers, and rotary drilling rigs. Mining industry Investment will bring demand for loaders, excavators, bulldozers and other products.
In the first half of 2009, the decline in the sales of major construction machinery products was gradually slowing compared to the same period of last year, and the recovery trend was relatively clear. Among them, excavators and bulldozers performed well. They decreased from 42.04% and 45.64% in January to 1.67% and 21.58% in May. Forklifts and loaders performed poorly, falling 46.8% and 56.78 in January. % decreased to 38.14% and 27.54% in May, with a small decrease and a slow recovery.
In the first half of the year, the construction machinery industry gradually recovered, with year-on-year declines in year-on-year sales volume and month-on-month growth. The main reasons are: On the one hand, from March to May is the peak period of sales in the construction machinery industry; on the other hand, the total fixed asset investment in the entire society has increased. Accelerating rapidly and accelerating investment in fixed assets have brought about an increase in demand for construction machinery products.
After the middle period of 2008, due to the impact of the international financial crisis, the export of construction machinery industry dropped sharply, and the export downturn in the first half of 2009 has not improved. From January to May, the export of major construction machinery products dropped to more than 30%. Although the price advantage of China's construction machinery products export still exists, it is still necessary to recover from the current global economic rebound in the world and it is expected that exports will remain low in the second half of the year. In the first five months of 2009, exports of excavators, loaders and bulldozers dropped sharply by 72.63%, 53.88% and 54.55%, respectively; exports of forklifts fell by 50.23% in the first quarter.
Therefore, as a leader in the construction machinery industry, the mining machinery industry is also closely related to this. Taking Shanghai Shibang Machinery Co., Ltd. as an example, due to the impact of the international environment, according to statistics, the total output value in the first half of the year was as high as 300 million yuan or more. This can be a solid testament to the Shanghai Shibang crusher and mill. Sand making machines, including new product mobile crushing stations, European trapezoidal mills, large vertical mills, VSI sand machines, high-efficiency hydraulic cone crushers, etc. are very popular at home and abroad, and are also very popular with customers. Praised.
Construction machinery industry continues to heat up