The year-on-year growth rate of the sales volume o

2022-07-31
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The year-on-year growth rate of excavator sales in August continued to increase

the year-on-year growth rate of excavator sales in August continued to increase. In the previous monthly report, we predict that the year-on-year positive growth rate of excavator sales in August will further increase, and it is likely to achieve the first positive growth since the year-on-year high in March. It is expected that the total sales volume will be about 6200 units, with a year-on-year growth of 50.3% and a month on month growth of 6.6%; The actual sales volume fully conforms to our trend judgment, reaching 6263 sets, with a substantial year-on-year increase of 51.8% and a month on month increase of 7.6%. Compared with the year-on-year growth in July, the year-on-year growth in August continued to increase by 16.6 percentage points. In the first eight months, the sales volume of excavators totaled about 6, which eventually constituted 0860 units of the "new material support level improvement project", a slight increase of 0.86% year-on-year, achieving a cumulative positive growth for the first time

exports dropped sharply and domestic sales recovered significantly. From the regional distribution of sales volume, the export of excavators in August slightly exceeded 90 sets, a year-on-year decrease of 76.1%, and the decline was larger than that of the previous month, with a month on month decrease of 45.5%; In the first eight months, the export sales volume totaled 1050 sets, a year-on-year decrease of 71.9%, which was 0.5 percentage points higher than that of the previous month. The excavator outlet did not recover significantly. In August, about 6170 excavators were sold domestically, a substantial year-on-year increase of 64.8%, with a growth rate of 20 percentage points higher than that of the previous month and a month on month increase of 9.2%; Since the first positive growth of domestic sales in May, the positive growth rate of domestic sales is increasing month by month. In the first eight months, the domestic sales of excavators exceeded 59800, a year-on-year increase of 5.66%, and the growth rate increased by 4.2 percentage points over the previous month; Domestic demand for excavators is recovering rapidly

the growth rate of Sany was slightly lower than the average. In August, Doosan, Komatsu and Hitachi, the main joint-venture manufacturers of excavators, sold about 960, 970 and 810 sets respectively, with a year-on-year increase of 36%, 58% and 64%; The market share was 15.3%, 15.5% and 13%, up -1.7% and 0.6% year-on-year respectively, as was the case with tinned fruits and 1.0 percentage points, down 1.6, 0.2 and -0.4 percentage points month on month respectively

in August, the national excavator brands Sany Heavy machinery, Shanhe intelligent, Liugong and Xiagong achieved sales of about 390, 200, 220 and 70 units respectively, with year-on-year growth of 45.5%, 29.8%, 15% and 21.8% respectively; The market share was 6.2%, 3.1%, 3.5% and 1.1%, with month on month growth of 0.9, -0.2, 0.4 and -0.1 percentage points respectively. In August, the sales growth of Sany Heavy Machinery Co., Ltd. was lower than the industry average again; In the first eight months, the sales volume of Sany Heavy Machinery Co., Ltd. increased by 76.4%, with a share of 6.14%, an increase of 2.01 percentage points. Ried im innkreis, an Austrian company founded in 2008, produced various fiber-reinforced automotive composite parts

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it is expected that the sales volume in September will continue to increase positively month on month. We predict that September is the beginning of the relative peak season, and the sales volume of excavators will continue to achieve positive growth month on month. The positive growth rate year on year is still large, but it is likely to be lower than the growth rate in August; We expect the sales volume in September to be about 7000 sets, with a year-on-year increase of 34.6% and a month on month increase of 11.8%. We maintain the target price of 37 yuan and "overweight" rating of Sany Heavy Industry, and the target price of 14 yuan and "overweight" rating of Shantui shares

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