Recently, seven departments of the General Administration of Market Regulation, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing, Urban-Rural Development, the Ministry of Commerce, and the Ministry of Emergency Management jointly issued the “Action Plan for Upgrading Traction Equipment and Consumer Goods Trade-in with Standards” to make specific arrangements for implementing the spirit of the fourth meeting of the Central Committee on Finance and Economics and the “Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods Trade-in”.
It is proposed to implement actions to raise standards, adhere to standard leadership and orderly upgrading, strengthen standard comparison, optimize system construction, and speed up the formulation and revision of standards in the fields of energy saving and carbon reduction, environmental protection, safety, recycling, etc. By 2025, 294 key national standard revisions will be completed, which will strongly support equipment renewal and consumer goods trade-in.
In addition, Dongwu Securities released a research report saying that in March, sales of 24,980 excavators of various types were sold, down 2.34% year on year. Among them, 15,188 units in China were up 9.27% year on year, higher than the previous CME forecast 6% growth rate; exports were 9,792 units, down 16.2% year on year.
Furthermore, the construction machinery and equipment renewal cycle may be approaching, and a series of large-scale equipment renewal policies are expected to boost the market recovery.
The bottom of the construction machinery industry is marginally rising, and the investment value is gradually showing.
Construction machinery concept-related companies:
Yituo Co., Ltd. (00038), Zhonglian Heavy Industry (01157), Weichai Power (02338), Sinotruk (03808), China Longgong (03339), Sany International (00631)