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Heavy machines see more sales in November

SALES volumes of excavators and heavy trucks in China surged last month, pushing the profit of relevant heavy machinery companies, which were driven by policies, reported GF Securities today.

The policies include encouraging constructions by absorbing private investment and stricter rules to curb overload of trucks; the latter would urge users to change for heavy trucks with larger capacity.

In November 6,664 excavators were sold in China, 72.6 percent higher from a year prior, and heavy truck sellers enjoyed an annual growth of 88 percent with 88,000 as the monthly sales volume.

Over the past 11 months demand in China’s heavy machinery industry was resilient according to GF Securities, as the total sales volume of excavators has risen 21 percent to 63,410, while around 65,380 heavy trucks were sold, 31 percent higher from a year prior.

Benefiting from such rebound are heavy machinery companies such as Sany Heavy Industry Co, a main domestic excavator producer, which sold 1,416 excavators from January to November. Its profit totaled 170 million yuan (US$25 million) over the first three quarters, but the surging machine sales pushed its net cash flow as high as 2 billion yuan.


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