Compete for the trillion-dollar overseas "big cake," as construction machinery giants accelerate "going global" by 2025.
① The domestic Construction Machinery market has entered a phase of stock adjustment. This year, domestic manufacturers are focusing on increasing their overseas market share while stabilizing gross margin. ② The industry expects that next year's overseas market incremental demand will be more certain than in the domestic market, with export growth maintaining at over 10%. ③ Against the backdrop of equipment upgrades and policies favoring a stable real estate market, it is anticipated that domestic market demand will remain relatively stable next year.
The heavy truck Industry may return to growth in 2025, with the New energy Fund market becoming the focus of competition among all companies | Year-end summary.
① In 2024, the heavy truck Industry started strong but declined, with sales dropping more than expected; ② With the release of demand in Cold Chain green transport, express e-commerce, cross-border Transportation, and the elimination and updating of National IV vehicles, along with the shift of industry westward, the industry predicts a recovery in heavy truck market growth in 2025; ③ Sub-sectors are welcoming opportunities, with various companies vying for a share in the New energy Fund market.
In October, China's heavy truck market sales were approximately 0.063 million vehicles, with the industry performing averagely.
In October 2024, the sales volume of heavy-duty trucks in China was approximately 0.063 million vehicles (wholesale basis, including exports and new energy), an increase of 9% month-on-month, but a decrease of 22% compared to the same period last year, which was 0.0811 million vehicles, a decrease of about 0.018 million vehicles.
Overseas income accounts for more than 50% of Zoomlion's net profit in the first three quarters, with an increase of about 10% | Interpretations
①The company's revenue in the first three quarters decreased by 3.2% year-on-year; net income attributable to shareholders increased by 9.95% year-on-year. ②The proportion of overseas income has increased to over 50%, and the company plans to repurchase some H shares at the right time and cancel them.
Demand for earthmoving machinery rises, domestic sales of excavators in September increase by more than 20%, will infrastructure recovery be boosted by debt restructuring? | Industry News
① In September, domestic excavator sales increased by nearly 20% year-on-year, marking the sixth consecutive month of double-digit positive growth in domestic sales. ② With the gradual implementation of equipment renewal subsidies and the accelerated construction of major domestic infrastructure projects, the industry is expected to gradually emerge from the downturn.
The plan for the listing of zoomlion heavy machinery has fallen through. Zoomlion stated that it will not affect the company's existing business.
①Zoomlion plans to terminate the reorganization and listing of its subsidiary Zoomliongaoji with Shenzhen Roadrover Technology. ②Zoomlion stated that the termination of the reorganization project will not affect the production and operation activities of Shenzhen Roadrover Technology and Zoomliongaoji.