![Digging machine industry develops in weak economic recovery](http://i.bosscdn.com/blog/25/f2/0j/01tErTtjiatQlP.jpg)
Looking forward to May, we remain optimistic: We believe that the sales of excavators in May will continue to improve year-on-year, as the 12-year baseline is lower and the new construction of the 13-year project is significantly better than the same period in 2012.
The first negative growth in exports. Exported 787 units in April, a year-on-year decrease of 7.85%, accounting for 4.84%. The rapid growth of exports has temporarily declined.
Import substitution gradually slows down. In April 2013, 9 major foreign brand excavators sold 8,573 sets, an increase of 14.05% year-on-year, a decrease of 26.50% from the previous month, accounting for 52.73%. Compared with the previous month, the proportion of foreign investment has declined slightly this month, but it is not obvious.
In this month's product structure, the proportion of large diggings was stable, the proportion of small diggings fell back, and the proportion of diggings increased significantly.
Compared with April of last year, the proportion of small diggings in this month fell back, and the proportion of middle digging increased significantly, indicating a steady rise in downstream investment, especially in infrastructure investment. At the same time, from the perspective of profitability, we believe that the second quarter of the excavator will gradually out of the situation of making money without making money.
The performance of the listed company’s stock price is not satisfactory. Shares of the seven major listed companies in the excavator were mixed in the week. Nearly three outperformed the A-shares index (up 1.96%). The biggest increase was in Shanhe Intelligence, which was 4.48%. The largest decline was in Sany Heavy Industry, which was 2.77. %; In the past month all fell and underperformed the A-shares index (a gain of 1.27%), the largest decline was XGM's 10.87%, the smallest decline was Sanhe Intelligence, which was 0.15%; all fell since the beginning of the year, and all were run Losing the A-shares index (a gain of 1.04%), the largest decline is the XGE shares for 24.89%, the smallest decline is Shanhe intelligence for 1.17%.
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