Author: Ferroalloy Xiaowei

Link: https://zhuanlan.zhihu.com/p/529012118

Source: Zhihu

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"On the one hand, the operating rate of existing projects is not high, and on the other hand, there are not many incremental projects." An insider working on municipal road and bridge-related projects said.        According to the latest data from the China Construction Machinery Industry Association, the total sales of excavators in May this year were 20,624 units, a year-on-year decrease of 24.2%. Among them, domestic sales of 12179 units, a year-on-year decrease of 44.8%; Overseas sales of 8,445 units increased by 63.9% year-on-year. Domestic sales fell for the 14th consecutive month.        Excavator data is the "barometer" of construction machinery. From January to March 2022, the cumulative sales of excavators were 77,175 units, down 39.2% year-on-year; Among them, 51886 units were domestic, down 54.3% year-on-year; Exports were 25,289 units, an increase of 88.6% year-on-year. In April and May, the decline was 47.3% and 24.2% year-on-year, respectively, and the decline began to narrow in May.        Statistics show that the revenue of the machinery industry in the first quarter of this year fell slightly year-on-year, and the net profit attributable to the mother fell significantly under the high base last year: in Q1 2022, the total income of the machinery industry reached 354.418 billion yuan, a year-on-year decrease of 0.4%; Achieved a net profit attributable to the mother of 22.365 billion yuan, a year-on-year decrease of 22.39%; Net profit after deduction of non-attributable to the mother was 19.06 billion yuan, a year-on-year decrease of 25.68%.     Statistics show that the revenue of the machinery industry in the first quarter of this year fell slightly year-on-year, and the net profit attributable to the mother fell significantly under the high base last year: in Q1 2022, the total income of the machinery industry reached 354.418 billion yuan, a year-on-year decrease of 0.4%; Achieved a net profit attributable to the mother of 22.365 billion yuan, a year-on-year decrease of 22.39%; Net profit after deduction of non-attributable to the mother was 19.06 billion yuan, a year-on-year decrease of 25.68%.        Taking the upstream leader Hengli Hydraulics as an example, this year's Q1 revenue and net profit fell by 22.97% and 32.56% respectively. Mainly affected by the downturn in the downstream industry, the company's main product sales declined, of which the revenue of excavator cylinder products fell by 22% year-on-year. Rare earth magnesium silicon, the acceptance of the situation at 25,000, the acceptance of alloys at 24,000, when is the bottom, fast