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In 2017, the breakdown of various types of construction machinery all showed a high growth rate and the market concentration in the segment increased. ① With the combination of many factors such as low base, low inventory, unexpected investment, replacement and export demand, the construction machinery industry has been fully recovering since the second half of 2016 and the sales volume of various construction machinery sub-sectors increased substantially year-on-year year-on-year In terms of the market share of various enterprises such as cranes and other segments, the market share of large and medium-sized enterprises generally rose. The market share of small-sized enterprises The rate of occupancy has declined, and the industry concentration has been raised.
2018 February excavator sales forecast: First of all, affected by the Spring Festival, is expected to single-month sales fell sharply in February, which is normal phenomenon do not have to panic.Secondly, the January 2017 January, February sales, reference 1 + February total sales data makes sense; also consider 2018 In January and February of the year, the weather has a lower temperature than last year, affecting the construction and procurement. The total sales volume in January-February 2018 is expected to be between 18,000 and 20,000 units, which is about 19,000 units in January and February of 2017 and 1,188 units in 2018 + February total sales were flat, still a good situation.
Judge 2018 year-round digging machine industry steady growth. Nearly 100% growth in the excavator industry in 2017 is combined with many factors, including the low base and low inventory investment expectation, etc. These factors will cease to exist in 2018 and excavator sales growth is expected to decline in 2018, but benefited from the update We are not pessimistic about the sales volume in 2018. Assuming the growth rate of FAI is steadily decreasing, it is estimated that the growth rate of digging machine sales in the whole year will still be close to 10%. Recently, our TV distributors and manufacturers generally believe that in 2018, Growth rate of 10-20%, than our theoretical estimates to be optimistic.
Distinguish between corporate net profit growth and industry sales growth, focusing on leading enterprises. ① to consider the holiday factor, to avoid the February data as the basis for the growth of the industry sales and leading companies to make a false positive for net profit growth; ② rational view of the steady growth of the industry in 2018, compared with keeping a close eye on the monthly sales growth rate, rather than Pay more attention to the repair space of the leading enterprise statements; ③ determine the net profit of leading enterprises on the basis of high growth in 2017, 2018, 2019 can still maintain high growth, we strongly strongly recommend XCMG, Sany Heavy Industry, Liugong, Hydraulic, Zhejiang full, is expected to usher in performance and valuation double-click, horizontal comparison of other industries, 2017-2019 construction machinery PEG advantage.
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