Construction machinery bucked the trend in the fir

the revenue increased by 13% year on year, the net profit attributable to the parent company increased by 25%, and the net cash flow increased by 12.54%. This is the report card handed over by SANY in the first half of 2020

previously, the financial report of Zoomlion, another listed company of construction machinery head, showed that the company achieved an operating revenue of 28.827 billion yuan in the first half of the year, an increase of 29.49% year-on-year; The net profit attributable to our dedicated research on this technology to the parent company was 4.018 billion yuan, a year-on-year increase of 55.97%

at present, enterprises and analysis institutions in the industry believe that the demand brought by the resumption of domestic production and construction, infrastructure and real estate is the main factor driving the sales of construction machinery to rebound in the second quarter

at the beginning of the second half of the year, the construction machinery industry remained prosperous. According to the data of China Construction Machinery Industry Association, in July 2020, the 25 excavator manufacturing enterprises included in the statistics sold 19100 excavators of various types, with a year-on-year increase of 54.8%, including 16253 domestic excavators, with a year-on-year increase of 59.5%. For the excavator sales in August, many analysis institutions predict that it will exceed 20000 units, with a year-on-year growth rate of more than 50%

Lu Juan's team of CSC predicts that the domestic annual sales of excavators will exceed 290000 units in 2020, with a year-on-year increase of about 24%, and will continue to maintain a high momentum in the second half of the year. Yao Jian of Guosheng securities estimated that the impact of China's ban on the import of recycled materials on foreign countries is expected to exceed 11% due to the increase in infrastructure investment throughout the year, and the monthly growth rate of excavator sales in the second half of the year may exceed 20%

this month, affected by continuous rainfall, some areas in southern China experienced floods, which brought difficulties to the construction environment and equipment sales. Nevertheless, the year-on-year growth rate of excavator sales in June and July was still as high as 62.9% and 54.8% respectively, showing a trend of "not light in the off-season"

this shows that the construction machinery sales boom caused by downstream demand may not suddenly stop in the second half of the year. From the analysis of various enterprises and institutions, it can be concluded that 2020, when "opening low and going high", will probably be a bumper year

construction machinery manufacturers themselves are also optimistic about the prospects for the second half of the year. Relevant executives of Zoomlion said at the recent performance briefing that affected by the epidemic, the construction peak season of this year's construction machinery industry was postponed for months, and it is expected that the third quarter will still maintain high growth, and the industry's high prosperity will remain

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