Recently, according to the latest data released by the Excavation Machinery Branch of the my country Construction Machinery Industry Association, Liugong's excavator parts manufacturers have shown that the 25 mainframe manufacturers included in the calculation in 2018 have sold 203,420 various excavation machinery products, an increase of 45.0% year-on-year. In the meantime, domestic shopping malls sold 184,190 units, a year-on-year increase of 41.1%; export sales were 19,100 units, a year-on-year increase of 97.5%.

Liugong excavator parts manufacturers pointed out that benefiting from real estate, infrastructure investment demand, "One Belt One Road" export and the demand for renewal of old machinery, the construction machinery industry has slightly recovered since 2018. In 2018, the annual sales volume of excavators reached 203,000 units, exceeding the extreme value of 178,000 units in 2011, setting a new historical record. The shopping mall presented the new characteristics of "high seasons are very busy but not cold seasons". During this round of recovery, the major OEMs were basically able to maintain rational sentiments, and did not present large-scale capacity expansion and vicious competition. The surplus capacity of the major enterprises in the profession is continuously increasing, the balance sheet is gradually restored, and the career boom cycle is expected to extend. In this context, construction machinery-related concept stocks are also expected to continue to be loved by shopping malls and once again stand on the top of the spectrum.

Liugong excavator parts manufacturers calculated based on flush data and found that since the beginning of 2019, the construction machinery professional sector represented by excavators has performed strongly. There are 21 component stocks in the sector, and the stock prices of 20 component stocks have increased during the period. Accounted for 95.24%. Runbang (8.22%), China Railway Industry (8.19%), Taiyuan Heavy Industry (7.62%), Sunward Intelligent (6.13%), Flyover Crane (6.10%), East China Heavy Machinery (5.69%), CITIC Heavy Industry (5.38%) ), Zhenhua Heavy Industry (5.36%) and other 8 stocks have the highest cumulative gains during the period, all reaching more than 5%. Anhui Heli (4.91%), Tianye Tonglian (4.30%), Nuoli (4.23%), Dalian Heavy Industry Five stocks including Euronext (4.05%) and Euronext (3.94%) followed closely, and they all rose more than 3% this year.

In terms of capital flow, the active layout of large order funds on the market has become an important driving force for the strong upward movement of the construction machinery sector. A total of 15 constituent stocks have completed the net inflow of large order funds during the year. In detail, the net inflow of large order funds in China Railway Industry First, it reached 96.028 million yuan. During the two stocks, Tianye Tonglian (15,545,600 yuan) and Liugong (13,582,800 yuan) also received large orders of more than 10 million yuan in total. In addition, Xugong Machinery (7.8038 million yuan) ), CITIC Heavy Industries (5,462,500 yuan), Anhui Heli (4,351,900 yuan), Sunward Intelligent (4,288,000 yuan), Tianqiao Crane (4,243,500 yuan), and the net large orders for the year also exceeded 4 million yuan. The above-mentioned 8 stocks calculated to attract 151 million yuan.

Liugong excavator parts manufacturers have seen the results. There are now 8 listed construction machinery professional companies that have disclosed their 2018 annual report results. During the period, 5 companies have good results, Sunward Intelligent (235.00%), East China Heavy Machinery (241.08%) ) The two companies stated that the net profit during the period is expected to double year-on-year. Judging from the predicted net profit limit, Sunward Intelligent (543.6221 million yuan), Huadong Heavy Machinery (45 million yuan), Tianqiao Crane (142.088 million yuan), and Runbang The net profit of 4 companies including the stock (106.3425 million yuan) in 2018 is expected to reach more than 100 million yuan.

Regarding the future investment strategy of the construction machinery sector, Liugong excavator parts manufacturers pointed out that it is expected that the recovery of the construction machinery career in 2019 will enter the second half. It is expected that downstream real estate investment will stabilize, the strength of infrastructure construction to make up for shortcomings is expected to increase, and the acceleration of a number of major engineering projects is expected to continue to promote the sales of excavators to remain stable. Construction machinery products such as cranes and concrete pump trucks are expected to relay the renewal demand for excavators. In addition to the tightening of environmental protection policies, excavators will fulfill the National IV emission regulations from 2020, which will further promote the replacement of old equipment. The “Belt and Road” export may continue to improve. In 2019, the construction machinery industry will continue to recover with sufficient momentum, and the overall career boom cycle is expected to extend. With the continuous increase in concentration, leading enterprises will have more advantages in this round of recovery. It is recommended to pay attention to related subjects such as Sany Heavy Industry, Hengli Hydraulics, and Zhejiang Dingli.