DPC(SH:600405) Yang Shi Wang·2025-09-24 02:17Core Insights - The engineering machinery industry in China is experiencing significant growth, with various product categories showing double-digit sales increases in the first eight months of 2025 [1][3] - The export value of engineering machinery far exceeds the import value, indicating a strong international market presence [7][8] Sales Performance - In the first eight months of 2025, the sales of excavators reached 154,181 units, marking a year-on-year increase of 17.2% [3] - Loader sales totaled 83,209 units, reflecting a 12.9% year-on-year growth [3] - Forklift sales amounted to 976,026 units, also showing a 12.9% increase compared to the previous year [3] Export and Import Data - The total import and export trade value for the engineering machinery sector was $40.398 billion, representing an 11% year-on-year increase [7] - Imports were valued at $1.8 billion, with a growth of 2.84%, while exports reached $38.597 billion, increasing by 11.4% [7] Factors Driving Growth - The surge in sales is attributed to a series of national policies implemented since 2024 and the initiation of several engineering projects [5] - Large-scale equipment upgrades have also contributed positively to the growth observed in the first eight months of 2025 [5] International Market Engagement - The 2025 China International Engineering Machinery Exhibition showcased over 20,000 high-end, green, and intelligent products, attracting international buyers from over 50 countries [9] - Companies are shifting from traditional single-product trade to a comprehensive value chain approach in international markets, which is becoming a new source of profit [11] Export Trends - One company reported that its export business has seen a compound annual growth rate of over 30% for six consecutive years, with exports accounting for 43.5% of the group's total business in 2025 [13] - Another company noted that 61% of the engines produced in China are now exported, marking a historical high [14]