The Spring of Excavator Machine Parts

In February 2023, a total of 15381 projects were started nationwide, with a year-on-year increase of 32.2%, including various categories such as infrastructure and industrial projects. With the increase in the construction rate of domestic infrastructure projects, it can be clearly felt that the external bidding of central enterprises and local key projects is speeding up. Recently, the company has won several large orders. After the Spring Festival, it has been busy connecting and participating in the bidding of cost evaluation projects.

With the intensive commencement of many major projects such as high-speed railway, subway and highway this year, the demand for construction machinery such as roadheader and crane has increased, and listed companies that have not been engaged in the main business of mining have received more orders. CRCC Heavy Industry (688425. SH) is the leader of domestic TBM equipment, and the downstream is basically all kinds of new and old infrastructure at home and abroad. The company has just disclosed the newly signed contract/bid winning situation in January-February 2023. The company’s tunneling machines, special professional equipment and rail transit equipment increased by 95.18%, 8.99% and 4.47% respectively year on year.

Since February this year, Liugong has made a sustained breakthrough in the overseas large excavator market, with a year-on-year increase of 500% in the volume of shipments. The products are mainly exported to Southeast Asia, Russian region, Asia-Pacific, Africa and other regions, and most of them are used in mining projects. The overseas market development this year is indeed very good. Before, we expected that the export might not be so good, but from the data of these two months, it is actually good.

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