Major events in the construction machinery industry

1. More than 80% of listed engineering machinery companies will achieve profitability in 2023;

2. The European Commission launched an anti-subsidy investigation on China's mobile lifting platform products;

3. The start-up time of excavators rebounded rapidly in March, and the overall demand continued to recover;

4. Sany plans to become the largest and world-leading comprehensive hydrogen energy solution provider in China within five years;

In March, the start-up time of excavators rebounded rapidly, and the overall demand continued to recover weakly

The main reason for the year-on-year recovery of excavator sales is the base effect, and the number of hours of operation may reflect the recovery of actual demand. The month-on-month rebound in excavator sales in March follows seasonal laws. The main reason for the year-on-year recovery is that the domestic sales base in the first half of 2023 is low, and the absolute volume of domestic sales of excavators is only a weak recovery. However, judging from the number of hours of operation of excavators, downstream demand is indeed recovering in March. From historical experience, the number of hours of operation in March basically determines the historical position of subsequent annual operation.

According to incomplete statistics, as of March 28, a total of 7 listed companies in the construction machinery industry announced their 2023 annual performance, with a total revenue of 308.194 billion yuan and a total net profit of 16.263 billion yuan. Five companies achieved "double growth" in revenue and net profit.

On the 28th, Sany China's largest green hydrogen production and hydrogenation integrated war was basically completed and put into use, mainly serving the offline commissioning and vehicle operation testing of hydrogen fuel vehicles. Wang Zhimin, director of Sany Hydrogen Energy Hydrogenation Equipment Institute, said that the company plans to develop into the largest domestic and world-leading comprehensive hydrogen energy solution provider in five years.