China is the world's largest infrastructure investment and construction country, officially because of the infrastructure madness constantly breaking its own records. A number of world-class construction machinery companies have also been born in China. The state focuses on the deployment of new infrastructure and other industries, and the increase in upstream expenditure has effectively promoted the acceleration of the demand for the excavator industry, and promoted both the production and sales of the excavator market. In 2020, the sales of excavators in China will increase significantly, with a total sales of 328,000 units, a year-on-year increase of 39%. Since 2021, sales have continued to rise. In February, excavator sales data hit a record high in February, which exceeded the previous highest year in February 2011 by about 38%. Many dealers have bottomed their inventory, many models are out of stock, and the pick-up time for individual hot-selling models is scheduled to two months later.

Sany Heavy Industry

On March 31, 2021, Sany Heavy Industry announced its 2020 annual performance report. The report shows that in 2020, Sany Heavy Industry achieved operating income of 99.342 billion yuan, a year-on-year increase of 31.29%; realized net profit of 15.431 billion yuan, a year-on-year increase of 36.25%. In 2020, excavation machinery sales revenue was 37.528 billion yuan, a year-on-year increase of 35.85%. The domestic market has won the sales champion for 10 consecutive years. The market share of all large, medium and small excavators has increased significantly, and the output of excavators has exceeded 90,000 units. No. 1 in the world; concrete machinery achieved sales revenue of 27.052 billion yuan, a year-on-year increase of 16.6%, and it is the No. 1 brand in the world. The sales revenue of hoisting machinery reached 19.409 billion yuan, a year-on-year increase of 38.84%, and the market share of truck cranes continued to increase; the sales revenue of pile machinery was 6.825 billion yuan, a year-on-year increase of 41.9%, ranking first in China; road machinery sales revenue was 2.804 billion yuan , A year-on-year increase of 30.59%, the market share of paver ranks first in the country, and the market share of graders and road rollers has increased significantly.

Zoomlion

On the evening of March 30, 2021, Zoomlion released the 2020 annual report. In 2020, the construction machinery industry will maintain a high level of prosperity, and the agricultural machinery industry will become more active. Zoomlion adheres to the concept of high-quality development. During the reporting period, the company achieved operating income of 65.109 billion yuan, a year-on-year increase of 50.34%; net attributable to shareholders of listed companies The profit was 7.281 billion yuan, a year-on-year increase of 66.55%. The company's strong growth in revenue and net profit set a new record and hit the best level in history.

Sunward Intelligent

The hot trend of the construction machinery sector continues, and Sunward Intelligent's 2020 revenue and net profit both hit record highs. Sunward Intelligent's 2020 revenue was 9.377 billion yuan, a year-on-year increase of 26.25%; net profit attributable to shareholders of listed companies was 565 million yuan, a year-on-year increase of 12.35%. In 2020, the net cash flow generated by Sunward's intelligent operating activities was 1.804 billion yuan, a year-on-year increase of 144.64%. In terms of specific products, underground engineering machinery, excavator machinery, special equipment and other machinery accounted for 51.25%, 28.32% and 4.47% of revenue, respectively, accounting for more than 80% of the total. The data shows that Sunward's underground construction machinery sales revenue in 2020 will increase by about 47.41% year-on-year; the sales revenue of excavator machinery will increase by about 57.19% year-on-year. In addition, the annual output of excavators increased by 70.46% year-on-year.

Xugong Group

Since 2021, the order volume of XCMG excavators has increased by nearly two times compared with the same period in 2020, and the sales volume of products in the first two months has been close to three times in the same period of 2020. XCMG excavators seized the golden period of infrastructure construction and resumption of production in various places after the holiday, and deepened the domestic market. 1. Excavator sales increased sharply in February, constantly refreshing sales records. Overseas markets are also accelerating expansion. Since 2021, nearly 1,000 XCMG excavators have been shipped to more than 30 countries and regions including Asia-Pacific, Europe, America, Africa, and Central Asia, participating in the construction of major projects in various regions. In the high-end markets in Europe and America, XCMG excavators have also made major breakthroughs.

Qian Jianjiang, an analyst in the machinery industry of Pacific Securities: Since January 2021, a total of 3 trillion yuan of major projects have been intensively started in various regions. The government work report of the two sessions also stated that it is planned to arrange special debts of 3.65 trillion yuan for local governments and 610 billion yuan for investment in the central budget to continue to support major projects that promote coordinated regional development. Driven by various projects, up to now, excavator manufacturers have had full production schedules, and they are basically working overtime to catch orders.

In the face of the current hot scene of excavator market demand exceeding supply, manufacturers have also built additional production lines one after another to increase production capacity. In the newly upgraded intelligent production line of a mechanical equipment manufacturer in Changsha, even if the current production efficiency is greatly improved than in the past, it still cannot meet the order demand. Intelligent upgrading of equipment manufacturing is the current development trend of the entire construction machinery manufacturing industry, and the production efficiency of many manufacturers has been greatly improved. Editor/Sang Xiaomei