Construction machinery price surge Thirty-one heavy industry sales: next month or meet the second round of small price increases

Construction machinery price surge Thirty-one heavy industry sales: next month or meet the second round of small price increases
In 2019, Sany Heavy Industry achieved operating income of 756 in the market value doubled to exceed the 100 billion mark.6.6 billion, an annual increase of 35.55%; achieved net profit attributable to shareholders of listed companies 112.0.70 million yuan, an annual increase of 83.23%, surrender the report card of “double increase” in revenue and net profit.However, entering 2020, affected by the epidemic, downstream demand shrank in the first quarter. Although it began to pick up in March, it still could not reverse the decline in overall performance in the first quarter.From January to March this year, Sany Heavy Industry realized revenue of 172.6.6 billion, down by 18 every year.92%, achieved net profit attributable to shareholders of listed companies21.9.4 billion US dollars, an average of 31 years.90%.In April, the demand for resumption of work was further restored, and the spread of the new overseas pneumonia epidemic spread led to the tightening of imported accessories. Sany Heavy Industry and other construction machinery giants successively announced price increases for products such as cranes.Sany’s sales staff in South China told the sauna, Yewang, “There are more starts, and more people buy machinery. In the past, many products were in stock and now we have to queue.The meaning of the factory is that the price should increase. Too many parts are foreign parts. Due to the epidemic, many suppliers cannot supply the goods, and the price may increase. It is estimated that there will be a second round of price increases at the end of next month. I am not sure.”Rising demand for construction machinery products triggered a price increase. Sany Heavy Industry, led by Liang Wengen, landed on the main board of the Shanghai Stock Exchange in July 2003.Heavy machinery, piling machinery and road construction machinery.2019 is definitely the harvest year of Sany Heavy Industry, and its concrete machinery, excavation machinery, crane machinery, pile driver machinery and road machinery products achieved revenue of 232 respectively.00 billion, 276.2.4 billion, 139.7.9 billion, 48.1 billion and 21.48ppm, an annual increase of 36.76%, 43.52%, 49.55%, 2.54% and 0.71%.In essence, Sany Heavy Industry is also sustainable from the beginning of 20198.08 yuan / share increased to 17 at the end of the year.05 yuan / share, a gradual growth rate of 111%, the total market value increased from 65 billion to 143.7 billion, a net increase of 78.7 billion.Sany Heavy Industry pointed out that in 2019, domestic infrastructure construction, enhanced environmental protection, increased demand for equipment replacement, artificial substitution effect and other factors contributed to the increase in sales of construction machinery, which is the essence of the company’s revenue growth.Since the beginning of this year, the overall growth of Sany Heavy Industry is still on the rise, especially after mid-March, it has ushered in a rapid growth. As of 13:30 on May 12, Sany Heavy Industry has fallen.05%, closed at 20.51 yuan / share, starting 17 earlier than the beginning of the year.05 yuan / share rose 20%, the total market value of more than 170 billion yuan.Note: The screenshots are from the straight flush market-Sany Heavy Industry’s progress from the beginning of 2019 to the present. According to the statistics of the Construction Machinery Industry Association, the total sales of excavators from January to March this year were 6.90,000 units, quartz 8.2%, of which, sales from January to February decreased by 15.4% and 50.5%, however, the growth rate of excavator sales began to turn positive in March.Data show that in March this year, the total sales volume of the excavator industry was 4.90,000 units, an increase of 5,130 units per year, an increase of 11 per year.6%.Going forward, Guojin Securities said in a preliminary research report that the domestic demand for excavators has greatly increased, exceeding market expectations.It said that in the context of the global spread of the epidemic, infrastructure as a pure domestic demand industry will be the focus of policy efforts.Recently, domestic fiscal and monetary policies have continued to increase, social cooperation has accelerated, and the trend of accelerated infrastructure has become very obvious.Huachuang Securities Research reported that the use of resumption of production and reverse cycle adjustment policy overweight, excavator sales have resumed since mid-March, entered the peak sales season in April, is expected to resume growth in the second quarter.According to data from the National Securities Research Report, Sany Heavy Industry sold 12,800 excavators in March, ranking first in the industry and up 14 year-on-year.2%, with a market share of 25.9%; Xugong Machinery sold 8403 excavators in March, ranking second, and later increased by 34.7%, with a market share of 17%.The increase in downstream demand has become one of the factors for the price increase of some products in the construction machinery industry.Allegedly, the research reports of these coupon companies disclosed that on April 9, Sany Heavy Industry announced that the company’s concrete pump price will be increased by 5% -10%;, Increased the price of medium and large-scale excavators by 5%; On April 30, Sany Heavy Industry announced an increase of 5% to the price of cranes.In the notice of crane price increase, Sany Heavy Industry pointed out another reason for this round of price increase-the increase in component purchase costs.It said that due to the impact of the New Coronary Pneumonia epidemic, the industry chain of cranes at home and abroad has been impacted by interference, the supply of supporting parts has become tight, and the cost of crane parts procurement has risen.The overseas epidemic caused the increase in procurement costs. Sany sales staff said that “the end of next month or meet the second round of price increases.” For the recent price rise of construction machinery, Sany sales staff in South China told the sauna. Yewang said, “There are more starts.There are also more people buying machinery. In the past, many products were in stock, but now we have to queue.The meaning of the factory is that the price should increase. Too many parts are foreign parts. Due to the epidemic, many suppliers cannot supply the goods, and the price may increase. It is estimated that there will be a second round of price increases at the end of next month. I am not sure.”It means that the delivery period is longer than before, and the parts suppliers sometimes do not supply enough, depending on the product, the delivery period varies from more than 10 days to 1 month.Guojin Securities Research reported that the outbreak of overseas epidemics, the engine, hydraulic parts and heavy truck chassis manufacturers in Europe and Japan have successively stopped or reduced production, which has a short-term impact on the industry supply chain and the cost of raw material purchases from OEMs.Leading OEMs Sany Heavy Industry, XCMG and Zoomlion chose to increase the prices of excavators and pump trucks. Subsequent Liugong and other OEMs followed up with adjustments, and prices in the entire industry fluctuated by 5% -10%.Guojin Securities pointed out that, like the automotive industry chain, the construction machinery industry has the characteristics of global distribution, long industrial chain, and low dispersion. The replacement of various parts may bring the supply end tilt to the production of the whole machine. The slender effect on the terminal,Customer delivery.The normalized recovery time of the core components of global construction machinery, such as engines and hydraulic parts, will be the main influencing factor for the risk mitigation of the supply chain.Some analysts have pointed out the risk of this round of price increases. Huatai Securities ‘recent research report pointed out that it is difficult for this round of price increases to increase in volume and price, and the trend of sales in the second half of the year remains to be seen.The continuity of this price increase will mainly depend on the continuity of future sales.Huatai Securities believes that after four consecutive years of high growth in the excavator industry, it will strive to develop steadily in 2020, and the sales trend in the second half of the year remains to be seen.On the demand side, China has entered the post-urbanization era, and follow-up counter-cyclical investment will pay more attention to stability.In addition, the growth rate of infrastructure investment is expected to rise rapidly, but new construction and construction of real estate are expected to be cautious.Sauna, Ye Wang Xiao Wei Li Yunqi Editor Sun Yong Xu Chao proofreading the reporter of Wei Zhuo Contact email: xiaowei @ xjbnews.com