The hottest machinery industry continued to be dep

The machinery industry continued to be depressed in August, and may recover seasonally in September.

the sales of construction machinery products continued to be depressed in August. In August, 5495 excavators were sold, with a month on month ratio of -6.64%, a year-on-year ratio of -30.12%, and a cumulative year-on-year ratio of -37.14% this year

the sales volume of construction machinery products continued to be low in August

5495 excavators were sold in August, a month on month -6 Increased the friction with the pressure shaft and main shaft bushing by 64%, with a year-on-year increase of -30.12%, and a cumulative year-on-year increase of -37.14% this year; 10528 loaders were sold, with a month on month ratio of -10.12%, a year-on-year ratio of -37.97%, and a cumulative year-on-year ratio of -27.09% this year; 714 bulldozers were sold, with a month on month ratio of 10.02%, a year-on-year ratio of 1.85%, and a cumulative year-on-year ratio of -33.64% this year; 1025 road rollers were sold, with a month on month ratio of 8.35%, a year-on-year ratio of -23.45%, and a cumulative year-on-year ratio of -41.76% this year; Compared with July, the sales of excavators and loaders continued to be depressed, while bulldozers and rollers recovered slightly

infrastructure and real estate investment recovered, but the improvement of construction machinery still needs to wait

the year-on-year growth rate of fixed asset investment in August decreased slightly compared with the previous month, but infrastructure and real estate investment rebounded significantly, in which railway investment increased by 37% year-on-year in a single month. We expect that with the implementation of the growth protection policy, the downstream infrastructure and real estate will continue to rise steadily; However, we believe that the improvement of downstream demand will first drive the improvement of equipment utilization, and the time for the improvement of industry sales has not yet come

it is expected that there will be a seasonal recovery in September only due to the heterogeneity of CFRP

September is the traditional peak season of construction machinery sales, but we expect that the sales of excavators in September this year will only increase slightly month on month, but the probability of narrowing the year-on-year decline is smaller than that of the experimental machine. In August, the utilization hours of Komatsu excavator were still at a low level. Before the equipment utilization rate was significantly improved, we continued to maintain a cautious view of the industry

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