Core Viewpoint - The excavator industry serves as a key indicator for infrastructure construction and fixed asset investment in China, with recent data showing a continuous increase in the workload of construction machinery across multiple provinces, indicating ongoing progress in major projects such as roads and bridges [1]. Summary by Sections National Overview - In May, the national construction machinery operating rate was 47.34%, with the top ten provinces being Anhui, Beijing, Zhejiang, Jilin, Liaoning, Hainan, Hebei, Qinghai, Jiangxi, and Ningxia. Qinghai saw the highest month-on-month growth rate of 3.14% [2]. - Sixteen provinces experienced a month-on-month increase in workload, with eight provinces, including Heilongjiang, Qinghai, Jilin, Tibet, Beijing, Xinjiang, Inner Mongolia, and Ningxia, showing growth rates exceeding 10% [3]. Equipment Performance - The operating rate for road construction equipment was 29.83% in May, reflecting a month-on-month increase of 1.72% and a year-on-year increase of 1.87%. Notably, the operating rate of pavers increased by 4.22%, with a workload growth of 14.65% [4]. - The Northeast region led with an operating rate of 60.39%, showing a month-on-month increase of 17.01%. Excavation equipment in this region had an operating rate of 65.82%, the highest in the country [6]. Regional Highlights - The Northeast region's workload increased by 3.58% year-on-year, with significant month-on-month growth of 17.01%. The region's operating rates for various equipment types, including excavators and crawler cranes, were the highest nationally [6]. - The Western region's operating rate was 53.77%, ranking second nationally. Notably, the workload for crawler cranes in Ningxia surged by 249.03% year-on-year, indicating strong growth driven by favorable policies in infrastructure and international trade [7][8]. - The Eastern region's operating rate was 46.4%, with concrete equipment leading at an operating rate of 47.05%. Various concrete-related equipment also ranked first nationally in their respective categories [9].

Core Viewpoint - The announcement from the military procurement network indicates that XCMG Machinery's subsidiary, Xuzhou Heavy Machinery Co., Ltd., will be suspended from military material engineering service procurement activities starting May 29, 2025, due to violations of regulations [1]. Company Summary - XCMG Machinery, established in 1989, is a leading player in the engineering machinery industry with a global competitive edge, consistently ranking first in China and third globally in the sector [3]. - The company has a diverse business scope, including engineering machinery, mining machinery, agricultural machinery, and emergency rescue equipment, with products exported to over 190 countries and regions [3]. - In 2024, XCMG reported revenue of 91.66 billion yuan, a year-on-year decrease of 1.28%, while net profit attributable to shareholders increased by 12.2% to 5.976 billion yuan [4]. Financial Performance - In Q1 2025, XCMG achieved revenue of 26.815 billion yuan, a year-on-year increase of 10.92%, and net profit attributable to shareholders of 2.022 billion yuan, up 26.37% [4]. - The company's operating cash flow for 2024 was 5.720 billion yuan, reflecting a significant year-on-year growth of 60.18% [4]. Industry Insights - The engineering machinery industry is showing signs of recovery, with expectations of improved performance as indicated by recent sales data and market dynamics [6]. - The industry is transitioning to the "National IV" emission standards starting December 1, 2025, which may impact product offerings and market strategies [6]. - There is a notable increase in export performance, with exports rising over 70% despite a decline in domestic sales for 13 consecutive months [7].

Core Viewpoint - Sany Heavy Industry is making its third attempt to list on the Hong Kong Stock Exchange, aiming to raise approximately $1.5 billion (about 10.9 billion RMB) to support its internationalization strategy and enhance its global presence [1][2][6]. Group 1: Company Overview - Sany Heavy Industry, founded in 1994, is the largest engineering machinery company in China and the third largest globally, specializing in a full range of products including excavators, concrete machinery, and cranes [2]. - The company has a significant market capitalization of approximately 152.72 billion RMB, leading the engineering machinery sector in both A-shares and H-shares [1][2]. Group 2: Internationalization Strategy - The company's overseas revenue accounted for 62.3% of total revenue in 2024, with international business contributing 64% to core business revenue, amounting to $6.78 billion [2]. - Sany's international market performance shows strong growth, particularly in Africa with a 44% increase in revenue to $750 million, while the Asia-Pacific and Australia markets grew by 15.47% to $2.88 billion [2]. Group 3: Financial Performance - Sany's total revenue from 2022 to 2024 showed a decline from 80.84 billion RMB in 2022 to 74.02 billion RMB in 2023, before slightly recovering to 78.38 billion RMB in 2024 [5]. - The company reported a significant increase in net profit for Q1 2025, reaching 2.47 billion RMB, a year-on-year growth of 56.4% [5]. Group 4: Production Capacity and Utilization - Sany has substantial production capacity with annual outputs of 150,000 excavators, 49,000 concrete machinery units, and 29,400 cranes [3]. - The company's capacity utilization rate dropped from 64.3% in 2022 to 38.5% in 2024, reflecting growth pressures in the industry [5]. Group 5: Market Trends and IPO Context - The trend of A-share companies listing in Hong Kong is increasing, with several companies from various sectors planning to go public, indicating a growing appetite for international capital [7][8]. - The Hong Kong market has seen improved liquidity and performance, with major indices rising over 15% year-to-date, making it an attractive option for companies seeking to expand their capital base [8].

Core Viewpoint - The engineering machinery industry is witnessing significant changes with the completion of a major equity transaction between Lingong Group and Volvo Construction Equipment, marking a pivotal moment for both companies and the industry as a whole [2][4][6]. Group 1: Transaction Details - Lingong Group has successfully acquired 70% of Shandong Lingong Engineering Machinery Co., Ltd. from Volvo Construction Equipment through a newly established fund, gaining full ownership and management control [4]. - This acquisition follows a historical context where Volvo acquired the same 70% stake in Shandong Lingong for 327.5 million RMB in January 2007, establishing a long-term partnership [5]. Group 2: Strategic Implications - The acquisition is seen as a critical step in Lingong Group's strategic layout, aiming to integrate resources, enhance technological research and development, and improve product quality and market competitiveness [6]. - Industry experts suggest that this move will optimize management decision-making processes and operational efficiency for Lingong Group, potentially reshaping the competitive landscape within the engineering machinery sector [6].

Core Viewpoint - The engineering machinery industry in China is experiencing a recovery, with significant growth in export values despite a decline in import values in recent months [7][8]. Trade Data Summary - In May 2025, China's engineering machinery import and export trade amounted to $5.238 billion, a year-on-year increase of 8.1%, with imports at $214 million (down 0.74%) and exports at $5.024 billion (up 8.51%) [1]. - In April 2025, the trade total was $5.377 billion, a 12% increase year-on-year, with imports at $226 million (down 2.2%) and exports at $5.152 billion (up 12.7%) [2]. - For March 2025, the trade value was $5.167 billion, reflecting a 7.53% year-on-year growth, with imports at $255 million (down 5.85%) and exports at $4.912 billion (up 8.33%) [2]. - The cumulative trade from January to May 2025 reached $24.185 billion, an 8.49% increase year-on-year, with imports totaling $1.09 billion (down 0.86%) and exports at $23.095 billion (up 8.98%) [3]. - From January to April 2025, the trade value was $18.947 billion, an 8.51% increase year-on-year, with imports at $877 million (down 0.86%) and exports at $18.07 billion (up 9.01%) [4]. Export Performance - In April 2025, the export value was 36.966 billion yuan, a year-on-year increase of 13.6%, while the cumulative export from January to April was 129.738 billion yuan, up 10.3% [5]. - In March 2025, the export value was 35.231 billion yuan, reflecting a 9.51% year-on-year increase, with the first quarter's total exports at 92.787 billion yuan, up 8.99% [6]. - The export value for January 2025 was 34.001 billion yuan, a 16.8% increase year-on-year, while February saw a decline to 23.558 billion yuan, down 1.27% [6]. Market Dynamics - The engineering machinery industry is expected to see improved conditions, with a notable increase in demand and a positive outlook for the coming months [9][10].

Core Viewpoint - The 2025 New Energy Engineering Machinery Conference highlighted the significant transformation and innovation within the engineering machinery industry, focusing on the integration of new energy technologies and the importance of collaboration among industry stakeholders to drive advancements in electrification and sustainability [1][2][4][8]. Group 1: Conference Overview - The conference was held from June 17 to 19, 2025, in Yantai, Shandong, organized by the Tianjin Engineering Machinery Research Institute and attended by over 300 representatives from various sectors of the engineering machinery industry [1]. - Key leaders and experts delivered speeches emphasizing the industry's shift towards high-end, intelligent, green, and international development, while also recognizing the need for continued research and innovation in new energy applications [2][4][6]. Group 2: Industry Trends and Innovations - The engineering machinery sector is undergoing unprecedented changes, with new energy becoming a core focus, showcasing resilience and vitality in response to market demands [4][8]. - Companies like Aidi Precision are investing heavily in digitalization and intelligent manufacturing, aiming to enhance their production capabilities and develop new energy products, such as advanced battery systems [8][12]. - The market for new energy engineering machinery is expected to see significant growth, driven by decreasing battery costs and the adoption of energy-saving technologies, with projections indicating that user demand may be met by 2028 [14][44]. Group 3: Technological Developments - Innovations in electric hydraulic systems, battery technologies, and intelligent control systems are critical for the advancement of new energy engineering machinery [14][18][24]. - The development of high-efficiency transmission systems and distributed pump control technologies is essential for improving the energy efficiency of electric machinery [18][26]. - Companies are focusing on creating customized solutions for converting traditional machinery to electric, which can lead to substantial cost savings and improved operational efficiency [26][50]. Group 4: Future Outlook - The conference underscored the importance of establishing a comprehensive service capability that integrates research, standards, testing, and industry practices to foster high-quality development in the engineering machinery sector [6][58]. - The transition towards electrification and intelligent systems in engineering machinery is expected to accelerate, with significant implications for market dynamics and competitive strategies [44][46].

Market Overview - The Chinese jaw crusher bucket market has rapidly developed since its inception in the 1990s, now nearing the scale of European and American markets, becoming one of the top three markets globally [3] - The market sales volume is expected to double by 2030, reaching 4,000 units, with a new machine configuration rate of 6% [3] Domestic Competition - The domestic market is characterized by numerous brands, leading to chaotic competition, with only a few influential brands like "Mingde," "Yantai Mining," and "Anhui Mate" [4] - In 2023, the total sales volume reached 1,600 units, with Mingde selling 930 units (58% market share), Yantai Mining 100 units (6%), and Anhui Mate 40 units (3%) [4] - The sales volume is projected to increase to 2,000 units in 2024, with Mingde maintaining a 59% market share [4] Brand Development - The concentration of domestic brands is expected to increase significantly in the next 5-10 years due to tighter cooperation between excavator manufacturers and jaw crusher bucket producers, as well as rising quality demands from customers [5] - The market share of domestic jaw crusher buckets is anticipated to rise as the overall industry strength improves, with leading brands achieving quality levels comparable to international standards [6] Future Trends - The jaw crusher bucket market is expected to remain in a golden development period for the next 5-10 years, driven by structural adjustments in the industry and strong fixed asset investment growth [8] - The demand for jaw crusher buckets is projected to reach 200,000 to 250,000 units annually by 2025, supported by the rapid growth of hydraulic excavator ownership, which is expected to approach 3 million units by the end of 2024 [9][10] Global Market Insights - The global jaw crusher bucket market is primarily concentrated in Europe and North America, but emerging markets like China and Japan are experiencing rapid growth [10] - In 2023, global sales reached approximately 4,000 units, with Italy's MB company accounting for 40% of the market, followed by China's Mingde at 22% [16] - By 2024, global sales are projected to increase to 4,800 units, with MB's share decreasing to 31% and Mingde's to 20.3% [16]

Group 1 - In May 2025, a total of 18,202 excavators were sold, representing a year-on-year increase of 2.12%. Domestic sales were 8,392 units, down 1.48%, while exports reached 9,810 units, up 5.42% [1] - From January to May 2025, a total of 101,716 excavators were sold, marking a year-on-year increase of 17.4%. Domestic sales were 57,501 units, up 25.7%, and exports were 44,215 units, up 8.2% [2] - In May 2025, 36 electric excavators were sold, with various weight categories contributing to the total [3] Group 2 - In May 2025, a total of 10,535 loaders were sold, showing a year-on-year increase of 7.24%. Domestic sales were 6,037 units, up 16.7%, while exports were 4,498 units, down 3.31% [4][5] - From January to May 2025, a total of 52,755 loaders were sold, reflecting a year-on-year increase of 14.1%. Domestic sales were 29,607 units, up 25.4%, and exports were 23,148 units, up 2.39% [5] Group 3 - In May 2025, 649 graders were sold, down 3.28% year-on-year. Domestic sales were 112 units, up 31.8%, while exports were 537 units, down 8.36% [7] - From January to May 2025, a total of 3,580 graders were sold, marking a year-on-year increase of 14.9%. Domestic sales were 677 units, up 40.7%, and exports were 2,903 units, up 10.1% [7] Group 4 - In May 2025, 1,748 truck cranes were sold, down 8.1% year-on-year. Domestic sales were 978 units, down 3.36%, while exports were 770 units, down 13.5% [7] - From January to May 2025, a total of 9,103 truck cranes were sold, reflecting a year-on-year decrease of 8.94%. Domestic sales were 5,181 units, down 13.8%, and exports were 3,922 units, down 1.61% [8] Group 5 - In May 2025, 261 crawler cranes were sold, up 31.8% year-on-year. Domestic sales were 56 units, down 3.45%, while exports were 205 units, up 46.4% [10] - From January to May 2025, a total of 1,282 crawler cranes were sold, marking a year-on-year increase of 5.25%. Domestic sales were 402 units, down 1.23%, and exports were 880 units, up 8.51% [11] Group 6 - In May 2025, 1,681 truck-mounted cranes were sold, down 20.3% year-on-year. Domestic sales were 1,286 units, down 27.5%, while exports were 395 units, up 18.6% [13] - From January to May 2025, a total of 10,695 truck-mounted cranes were sold, reflecting a year-on-year decrease of 3.85%. Domestic sales were 8,535 units, down 6.71%, and exports were 2,160 units, up 9.42% [14] Group 7 - In May 2025, 538 tower cranes were sold, down 28.4% year-on-year. Domestic sales were 292 units, down 51.7%, while exports were 246 units, up 67.3% [15] - From January to May 2025, a total of 2,334 tower cranes were sold, marking a year-on-year decrease of 36.6%. Domestic sales were 1,278 units, down 57.1%, and exports were 1,056 units, up 51.1% [16] Group 8 - In May 2025, 123,472 forklifts were sold, representing a year-on-year increase of 11.8%. Domestic sales were 79,129 units, up 9.25%, while exports were 44,343 units, up 16.6% [17] - From January to May 2025, a total of 601,764 forklifts were sold, reflecting a year-on-year increase of 9.33%. Domestic sales were 392,490 units, up 6.66%, and exports were 209,274 units, up 14.7% [18] Group 9 - In May 2025, 1,589 rollers were sold, up 17% year-on-year. Domestic sales were 577 units, up 6.07%, while exports were 1,012 units, up 24.3% [19] - From January to May 2025, a total of 7,772 rollers were sold, marking a year-on-year increase of 23.7%. Domestic sales were 2,905 units, up 10.8%, and exports were 4,867 units, up 32.9% [20] Group 10 - In May 2025, 149 pavers were sold, up 30.7% year-on-year. Domestic sales were 107 units, up 33.8%, while exports were 42 units, up 23.5% [21] - From January to May 2025, a total of 708 pavers were sold, reflecting a year-on-year increase of 31.4%. Domestic sales were 521 units, up 32.2%, and exports were 187 units, up 29% [22] Group 11 - In May 2025, 15,653 aerial work platforms were sold, down 26.2% year-on-year. Domestic sales were 5,284 units, down 48.1%, while exports were 10,369 units, down 5.8% [25] - From January to May 2025, a total of 74,533 aerial work platforms were sold, marking a year-on-year decrease of 33.5%. Domestic sales were 29,191 units, down 48.3%, and exports were 45,342 units, down 18.4% [26] Group 12 - In May 2025, 296 high-altitude work vehicles were sold, down 33.3% year-on-year. Domestic sales were 286 units, down 34.1%, while exports remained flat at 10 units [26] - From January to May 2025, a total of 1,906 high-altitude work vehicles were sold, reflecting a year-on-year increase of 12.2%. Domestic sales were 1,803 units, up 9.74%, and exports were 103 units, up 87.3% [27]

以下文章来源于中国工程机械工业协会 ，作者宣传工作部 中国工程机械工业协会 . 中国工程机械工业协会是经中华人民共和国民政部正式批准登记注册的全国性工程机械行业组织，是由 工程机械行业的制造企业、科研设计检测单位、高等院校、维修、使用、流通单位及其它有关工程机械 行业的企事业单位自愿联合组成的具有法人地位的社会团体。 2025年6月12日，中国（北京）国际工程机械、建材机械及矿山机械展览会（以下简称BICES 2025）新闻发布会暨展商预备会在京隆重召开。会上，中国工程机械工业协会会长苏子孟以 《2025年以来工程机械行业运行情况与全年展望》为题发表讲话，以下为讲话实录。 尊敬的各位嘉宾，女士们、先生们： 大家上午好！ 欢迎大家出席今天的BICES 2025新闻发布会暨展商预备会。首先我代表中国工程机械工业协会 （以下简称协会）和BICES主办方向各位嘉宾和广大展商、观众和媒体朋友们长期以来对工程机 械行业发展和北京BICES展会的关心和支持表示衷心的感谢！ 下面我就工程机械发展情况，谈以下三点，供大家参考。 ㈡ 纳入协会统计的工程机械十二大类主要产品销量整体上趋稳，稳中向好。 1—4月份，协会月报统计的12 ...

Core Viewpoint - The BICES 2025 exhibition is set to take place from September 23 to 26, 2025, in Beijing, showcasing advancements in the engineering machinery, construction machinery, and mining machinery industries, with a focus on high-end, intelligent, and green technologies [2][22]. Group 1: Exhibition Preparation - The exhibition has exceeded expectations in terms of exhibitor registration, with total exhibition area expected to surpass 150,000 square meters and a 10% increase in the number of exhibitors compared to the previous year [4][6]. - The exhibition will feature four main thematic pavilions focusing on green development, major equipment, high-end supporting and foundational engineering, and intelligent industrial internet [5][6]. - Notable exhibitors include major companies such as SANY Heavy Industry, XCMG, and Caterpillar (China), indicating a strong representation from industry leaders [8][6]. Group 2: International Audience Engagement - The organizers aim to attract 10,000 international professional visitors, with extensive promotional efforts underway, including partnerships with over 20 international industry media [10][11]. - Targeted invitations are being sent to key markets, including countries along the Belt and Road Initiative, to enhance international participation [12][13]. Group 3: Concurrent Events - Over 100 high-quality concurrent events are planned, including forums and conferences focused on various aspects of the engineering machinery industry, such as international market cooperation and green development [19][20]. - The exhibition will also feature product launches and marketing activities organized by exhibitors, enhancing the overall value of participation [20][21]. Group 4: Marketing and Promotion - A multi-faceted marketing strategy is being implemented, leveraging domestic and international media to increase visibility and reach potential attendees [24][29]. - The promotional efforts include collaborations with international media and the development of multilingual promotional materials to ensure broad coverage [29][30]. Group 5: Service Enhancements - The exhibition organizers have committed to improving operational services, including optimizing entry points, extending exhibition hours, and enhancing catering options [33][34]. - A focus on providing a seamless experience for exhibitors and attendees is emphasized, with plans for improved logistics and support services [40][41].