Excavator in the hottest machinery industry was in

The boom of excavators in the machinery industry was sluggish, and the sales volume of excavators in the machinery industry fell by 37% in November

the boom of excavators in the machinery industry was sluggish, and the sales volume of excavators in the same month fell by 37%. In November, the sales volume of domestic excavators was 3610, down 37% year-on-year and 17% month on month. The whole construction machinery industry has entered a basically stagnant state, and the industry boom is extremely depressed

[summary of Research Report on machinery industry]

the industry boom was unusually low in November, and the excavator sales volume fell by 37% in that month. In November, the sales volume of domestic excavators was 3610, down 37% year-on-year and 17% month on month. The whole construction machinery industry has entered a basically stagnant state, and the industry boom is extremely depressed

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4trillion government investment plan lights up the medium-term prospect of excavator demand. However, it remains to be seen where the bottom of the short-term industry is. On November 10, the government issued the economic stimulus policy. By the end of 2010, the investment in the construction of affordable housing, rural infrastructure, post disaster reconstruction, major infrastructure improvements, thermal insulation of plastic products, weather resistance, heat resistance and other characteristics of facilities will reach 4trillion yuan. Such investment is undoubtedly a great benefit to the construction machinery industry. The construction machinery industry has seen a dawn, but the current problem is that the current industry boom has accelerated to decline, and there is no sign of warming. Although the government has invested 100billion project funds in the fourth quarter, there is no sign of demand pulling for the construction machinery market. We believe that there are two main reasons, First of all, although the government increased investment in the fourth quarter, the willingness of other economies to invest was significantly weakened in the face of the economic crisis, the investment behavior of enterprises was delayed, and the total social investment did not increase significantly; In addition, the 100billion investment increased by the government in the fourth quarter was mainly focused on accelerating the progress of projects that have already started. There are not many new projects, which also affected the demand for machinery. In November, the economy showed a trend of accelerating decline, and the sales situation was significantly lower than market expectations. The future sales trend remains to be seen

it is more than half of December. Judging from the current sales situation, the industry still shows no signs of improvement. Before the lunar new year, the industry is unlikely to improve. It is estimated that the industry will recover after the Spring Festival in February. Before, the excavator industry had to face the reality of continuous downturn in the industry

the current stock price trend of construction machinery companies is a trade-off between "good policy expectations" and "sharp gap in actual performance". The government investment of 4trillion in the early stage is good, pushing the whole sector up by 60%. How much good is there in the future? We think there may be 4trillion specific subdivisions, such as potatoes, peppers, cucumbers, eggplants and salad leaves. The next economic work conference may have a statement, but in general, I'm afraid there won't be too many benefits like "4trillion", which will form a phenomenon that the benefits are very limited, The performance is likely to be poor from November to January (the average sales volume of enterprises in November fell by%, and the profit is even worse). There may be a month on month improvement after February, and the poor performance in the fourth quarter is a foregone conclusion. If the performance in the fourth quarter is very poor, the motivation for the stock price to continue to rise is basically gone. During the period when the performance has not improved, I'm afraid there is no excess profit on investment in construction machinery. Therefore, it is not recommended to participate in the investment in the construction machinery industry in the short term and give a "neutral" investment rating