以下为演讲摘要。 全球与国内经济视角下的行业态势 细分市场发展趋势解析 当前全球经济呈现"分化中平稳"态势，区域发展差异显著，亚洲新兴市场、拉美及加勒比海地区稳步增 长，非洲板块强势发力，成为全球经济增长新亮点。 机遇之下，行业仍面临多重外部挑战：全球能源成本居高不下，增加了产业生产运营压力；人民币汇率 波动明显，近一年升值近7%，预计对国内企业海外业务形成一定压力。聚焦国内，中国经济韧性强劲，据国 家统计局数据显示，我国制造业增加值连续16年稳居世界首位，产业链、供应链韧性持续提升。国家资金支 持、智能化与绿色化趋势、基建及矿山改造等需求，为行业发展注入动力。值得关注的是，我国明确提出要防 止"内卷式"竞争，这一导向推动行业从低水平同质化竞争向品质、品牌升级转型，成为行业高质量发展的关 键，这一观点也得到与会企业代表的广泛认同。 2026年3月24日，以"新征程 新机遇 新贡献——数智引领、绿动未来、融合共赢"为主题的2026工程机械 产业发展大会（以下简称产业大会）在山东潍坊召开。会上，临沂临工机械集团总裁、临工重机股份有限公司 董事长于孟生以《数智引领 绿色未来 全球共赢——打造工程机械产业全球新质生产 ...

2026年3月24日，以"新征程 新机遇 新贡献一一数智引领、绿动未来、融合共赢"为主题的中国工程机械 工业协会(以下简称协会)第七届会员代表大会暨2026工程机械产业发展大会在山东潍坊召开。会上，协会会长 苏子孟受第六届理事会委托作《 协会第六届理事会工作报告 》。 以下为报告摘要。 一、协会第六届理事会的主要工作 五年来，协会第六届理事会以习近平新时代中国特色社会主义思想为指导，全面贯彻落实党中央决策部 署，深入贯彻落实党的二十大和二十届历次全会精神，将高质量发展作为首要任务，坚持新型工业化发展方 向，因地制宜发展新质生产力，推动工程机械行业加快转型升级、提质增效，助力行业企业增强全球化服务能 力，完善国际化产业布局，我国工程机械的研发、制造、服务水平和产品质量、品质大幅度提高，国际影响力 显著增强。同时，协会自身建设不断加强，"四个服务"能力进一步提升。 五年来，行业各有关单位抵御了各种风险挑战，胜利完成了"十四五"规划确定的发展目标和主要任务， 为行业高质量发展作出了新贡献。 ㈠工程机械行业高质量发展不断取得新成绩。 1、加快科技创新与产业创新深度融合，为构建现代化产业体系贡献了行业力量。 五年来，全 ...

Core Viewpoint - The engineering machinery industry is at a critical juncture of unprecedented challenges and rare opportunities, driven by the dual revolutions of the Fourth Industrial Revolution and the Third Energy Revolution [4][5][6]. Industry Development Trends Opportunities - The industry benefits from two major opportunities: the Chinese Dream of national rejuvenation and the technological window provided by the convergence of information and energy technologies [5]. Challenges - The industry faces significant challenges, including a rapidly evolving global landscape, increasing complexity in export environments, and domestic market downturns characterized by low-price competition and oversaturation [6]. Strategic Directions Globalization Strategy - The company prioritizes globalization, emphasizing a commitment to local production and resource allocation across global markets. It has established a global R&D system with 21 centers and plans to build six major manufacturing platforms [8][9]. - The strategy includes a shift from mere product export to comprehensive exports of technology, brand, and service, aiming to enhance brand value and avoid low-price competition [9][10]. Digital Intelligence Strategy - The company views digital transformation as a critical strategic shift, focusing on smart products, manufacturing, and operations. It has invested over 50 billion yuan in smart manufacturing and established "lighthouse factories" to enhance production efficiency [11][12]. - The company aims to evolve into an AI-native enterprise, enhancing operational intelligence and customer engagement through advanced data integration and smart solutions [13]. Low-Carbon Strategy - The company is driving low-carbon transformation through electric product development and a focus on renewable energy sectors, achieving over 100% year-on-year growth in electric product sales by 2025 [14][15]. Path to High-Quality Development - The company emphasizes building strength before scale, focusing on core capabilities to ensure sustainable value creation. It is implementing internal reforms to enhance efficiency and long-term capabilities [17][18]. - The company adheres to value marketing, prioritizing product value over price competition, which is seen as detrimental to the industry [18]. Industry Development Recommendations - The industry should seize opportunities in digital and intelligent development, accelerating the independent research of key technologies to achieve competitive advantages [19]. - Quality should be prioritized to uphold the dignity of Chinese manufacturing, with a focus on delivering high-quality products to penetrate high-end global markets [19].

2026年3月24日，以"新征程 新机遇 新贡献——数智引领、绿动未来、融合共赢"为主题的2026工程机械 产业发展大会（以下简称产业大会）在山东潍坊召开。会上，徐工集团工程机械股份有限公司党委副书记、总 裁陆川以《 数智领航新征程 绿动抢抓新机遇 融合共创新贡献——为中国式现代化建设贡献工程机械新力量 》 为题，作主旨演讲。 以下为演讲摘要。 当前，恰逢国家"十五五"规划落地起步的关键节点，我国明确提出的制造业智能化、绿色化、融合化发 展方向，与工程机械行业数智化迭代浪潮、低碳转型要求、全链条协同需求高度契合。但机遇与挑战总是相伴 相生，既有国内超大规模市场与制度优势支撑、内需政策红利释放、全球市场增量拓展空间广阔、技术变革下 的换道超车机遇、场景化需求催生的细分赛道新蓝海五大发展机遇，也面临内需复苏销量与开工率背离、生产 制造成本上行两大隐忧，以及全球汇率波动加剧、国际环境不确定性上升两大挑战。破解行业发展矛盾、跳出 同质化内卷、抢占全球产业制高点，就要以本次会议主题为核心路径，下面结合徐工实践与大家交流三个方面 内容。 第一，从核心技术攻坚到产业生态协同，实现全链路数智引领 今年的政府工作报告明确提出推 ...

Core Viewpoint - Shantui is a leading enterprise in the construction machinery industry, with a long-standing market share dominance in bulldozers. The company is transitioning from being a "bulldozer leader" to a "diversified and international earth-moving machinery leader" through proactive changes in state-owned enterprise reform, business expansion, and overseas development. Future growth is expected with potential catalysts such as asset injections and equity incentives, alongside scaling up in mining machinery and AI products [2][5]. Company History and Market Position - The company's origins date back to 1952 with the establishment of Yantai Machinery Factory. In the 1980s, it began producing bulldozers by introducing technology from Caterpillar and Komatsu. After over 40 years of R&D, Shantui has achieved domestic market share of over 60% in bulldozers, maintaining its leading position. In 2024, it ranks 5th among domestic construction machinery manufacturers and 29th globally [4]. Strategic Changes and Future Catalysts - **State-Owned Enterprise Reform**: As a state-owned enterprise controlled by Shandong Provincial State-owned Assets Supervision and Administration Commission, Shantui initiated its first equity incentive plan in 2020. Plans for 2024 include launching differentiated "Golden Core" products and issuing H-shares in 2025 to establish an overseas financing platform [6]. - **Product Diversification**: Until 2021, bulldozers were the sole core revenue source. From 2022 to 2024, the company has expanded its product line through acquisitions and R&D in mining trucks, aiming for a comprehensive solution in earth-moving machinery [6]. - **Internationalization**: Shantui has seen significant growth in overseas revenue, with a 5-year CAGR of 48%. By 2025, overseas revenue is expected to account for 60% of total revenue, with overseas gross profit contributing 78% [6]. Future Growth Drivers - **Mining Machinery**: Shantui has been developing its mining machinery segment since 2012, with a target global market share of 17-20%. The company is also cultivating a complete set of open-pit mining machinery solutions, which are expected to drive substantial growth [8]. - **AI Integration**: The company plans to hold a global AI strategy launch in June 2025, defining the technological development path for the construction machinery industry. Shantui has already delivered the world's first AI bulldozer and is advancing towards a comprehensive AI+ business model [8].

Core Insights - The global mining machinery market is projected to grow significantly, driven by rising metal prices and increased capital expenditure, indicating an improvement in industry prosperity [1] - The global mining machinery market is valued at $133.09 billion and is expected to reach $229.2 billion by 2035, with a CAGR of 5.59%, primarily encompassing mining and mineral processing segments [1] - High prices for key metals such as copper and gold are likely to accelerate global mining capital expenditures, with significant supply gaps anticipated for lithium, copper, rare earths, and silver from 2024 to 2030 [1] - The global market is dominated by leading overseas players, with signs of performance turning around, as the mining machinery industry has high entry barriers [1] Industry Trends - Under the backdrop of geopolitical conflicts, the price of non-ferrous metals is expected to remain high, prompting global mining giants to increase mergers and acquisitions to expand reserves, which will enhance the willingness of mining companies to expand production [2] - The mining machinery industry is currently in its first phase of prosperity, focusing on bulk raw material development, with related equipment manufacturers likely to benefit from the upward trend in industry prosperity [2]

Core Viewpoint - The Chinese machinery industry has shown a positive start in production and investment in the first two months of the year, with significant growth in various sectors, indicating a potential recovery in the engineering machinery sector [2][3]. Group 1: Industry Performance - In January and February, the value added in major machinery sectors increased year-on-year: general equipment manufacturing grew by 8.9%, specialized equipment manufacturing by 8.8%, automotive manufacturing by 3.4%, electrical machinery and equipment manufacturing by 8.7%, and instrumentation manufacturing by 7.8% [2]. - The engineering machinery industry's export performance is strong, with a shift in growth momentum from traditional markets to emerging markets in Africa and Latin America, which helps diversify market opportunities and reduce reliance on single regions [2][3]. Group 2: Demand Dynamics - The increase in exports is driven by improved overseas market share, industrialization and urbanization in emerging markets, and rising demand in mining sectors [5]. - Domestic demand for excavators is expected to rise due to growth in agricultural, forestry, and municipal needs, as well as ongoing breakthroughs in mining machinery and water conservancy projects [5]. - The domestic replacement cycle is gradually starting, with expectations for an upward trend as the cycle is projected to bottom out by 2026, following the last cycle's low point in 2015 [5]. Group 3: Market Outlook - The engineering machinery industry is anticipated to experience a warming trend, supported by improved operating rates in February and a positive outlook for domestic demand recovery [17]. - The transition to "National IV" standards starting December 1 is expected to further influence the market dynamics [6].

Core Viewpoint - The article highlights the recovery trend in China's construction machinery industry, with significant growth in export figures and an overall positive outlook for the sector in early 2026 [1][2][6]. Import and Export Data - In January 2026, China's construction machinery import and export trade amounted to $5.762 billion, a year-on-year increase of 17%, with imports at $206 million (up 5.53%) and exports at $5.556 billion (up 17.5%) [1]. - In February 2026, the total trade reached $5.31 billion, a year-on-year increase of 51.6%, with imports at $180 million (down 18.9%) and exports at $5.13 billion (up 56.3%) [2]. - Cumulatively, from January to February 2026, the trade totalled $11.072 billion, a year-on-year increase of 31.4%, with imports at $386 million (down 7.46%) and exports at $10.686 billion (up 33.4%) [2]. Domestic Market Performance - The export value in January 2026 was 39.206 billion yuan, a year-on-year increase of 15.4%, while in February it was 35.875 billion yuan, a year-on-year increase of 52.1% [4]. - The cumulative export value for January and February 2026 reached 75.081 billion yuan, reflecting a year-on-year growth of 30.4% [4]. Industry Trends and Insights - The construction machinery industry is showing signs of recovery, with improved operating rates in February and expectations of a warmer market outlook [6][12]. - The industry is transitioning to the "National IV" emission standards starting December 1, 2026, which may impact product offerings and market dynamics [6]. - There is a notable increase in exports despite a continuous decline in domestic sales for 13 months, indicating a potential shift in market focus [6]. Expert Opinions - Industry leaders emphasize the importance of supporting the transition to new energy in construction machinery and integrating AI technologies into operations [13].

Core Viewpoint - The excavator index indicates a recovery in the construction machinery industry, with improved operational rates and key indicators surpassing last year's levels despite seasonal impacts from the Spring Festival [1][10]. Group 1: Construction Machinery Operational Rates - In February, the national average operational rate for construction machinery was 24.65%, influenced by the Spring Festival holiday [2]. - Hainan province led with an operational rate of 43.73%, showcasing strong construction activity, particularly in concrete mixing equipment, which reached 61.16% [3]. - The port equipment operational rate was 33.61%, reflecting a year-on-year increase of 3.91 percentage points, with a 12.13% growth in workload [4]. Group 2: Regional Performance - The central region had the highest operational rate at 29.32%, with lifting equipment reaching 62.54% [6][7]. - The eastern region's operational rate was 25.16%, with concrete equipment at 37.57% and both crane and mixer truck rates leading in their categories [8]. - The northeastern region saw a significant increase in workload for concrete equipment, with some categories experiencing over 400% year-on-year growth due to the ice and snow economy [9]. Group 3: Equipment Performance - Seven categories of construction equipment, including stackers and mixers, showed year-on-year operational rate growth, indicating a rebound in logistics and construction activities [5]. - Specific equipment like the crawler crane and concrete pump in certain provinces reported exceptional workload increases, with rates of 262.47% and 297.09% respectively [7][9]. Group 4: Industry Outlook - The construction machinery industry is expected to see a warming trend, with improved operational rates in February signaling a potential recovery [10][14]. - The transition to "National IV" standards for construction machinery is set to begin on December 1, which may impact market dynamics [10].

Core Viewpoint - The construction machinery industry in China is experiencing mixed performance in February 2026, with significant declines in domestic sales across various equipment types, while exports show growth in some categories [1][2][3][4][5][6][7][8][9][10][11][12][13][14][15][16][17][18][19]. Excavator Sales - In February 2026, a total of 17,226 excavators were sold, representing a year-on-year decline of 10.6%. Domestic sales were 6,755 units (down 42%), while exports reached 10,471 units (up 37.2%) [1][2]. - Cumulative sales for January-February 2026 totaled 35,934 units, with domestic sales at 15,478 units (down 9.19%) and exports at 20,456 units (up 38.8%) [2]. Loader Sales - February 2026 saw sales of 9,540 loaders, a year-on-year increase of 9.28%. Domestic sales were 3,863 units (down 14.3%), while exports were 5,677 units (up 34.4%) [3][4]. - Cumulative sales for January-February 2026 reached 21,299 units, with domestic sales at 9,156 units (up 11.5%) and exports at 12,143 units (up 43.9%) [4]. Grader Sales - In February 2026, 679 graders were sold, marking a year-on-year increase of 6.93%. Domestic sales were 96 units (down 14.3%), while exports were 583 units (up 11.5%) [5]. Crane Sales - February 2026 recorded sales of 1,460 truck cranes, down 11.8% year-on-year. Domestic sales were 729 units (down 26%), while exports were 731 units (up 8.94%) [7]. - Cumulative sales for January-February 2026 totaled 3,090 units, with domestic sales at 1,550 units (up 2.38%) and exports at 1,540 units (up 9.3%) [7]. Forklift Sales - In February 2026, 30,999 forklifts (excluding electric walk-behind vehicles) were sold, down 30.2% year-on-year. Domestic sales were 17,053 units (down 43.4%), while exports were 13,946 units (down 2.5%) [13]. - Cumulative sales for January-February 2026 reached 81,877 units, down 2.49% year-on-year, with domestic sales at 48,639 units (down 13.9%) and exports at 33,238 units (up 21.1%) [13]. Roller Sales - February 2026 saw sales of 1,208 rollers, down 2.27% year-on-year. Domestic sales were 287 units (down 40.9%), while exports were 921 units (up 22.8%) [14]. Paver Sales - In February 2026, 92 pavers were sold, down 8% year-on-year. Domestic sales were 47 units (down 33.8%), while exports were 45 units (up 55.2%) [15]. Aerial Work Platform Sales - February 2026 recorded sales of 9,784 aerial work platforms, down 10.1% year-on-year. Domestic sales were 1,672 units (down 63.7%), while exports were 8,112 units (up 29.3%) [17]. High-altitude Work Vehicle Sales - In February 2026, 230 high-altitude work vehicles were sold, down 51.4% year-on-year. Domestic sales were 219 units (down 50.5%), while exports were 11 units (down 64.5%) [19].