Group 1 - The core viewpoint is that while the domestic excavator sales growth rate has declined in October, the overall sales in the fourth quarter are expected to remain stable due to the arrival of the traditional sales peak season [1] - The operating hours and utilization rate of domestic excavators have weakened year-on-year, but there is a slight month-on-month increase [1] - The sales growth rate of various types of construction cranes has continued to strengthen both year-on-year and month-on-month in September, with forklift sales growth increasing by 10 percentage points to 29.3% month-on-month, indicating a recovery in non-excavator segments [1] Group 2 - The overseas market is showing positive signs of recovery due to inventory digestion, interest rate cuts, and fiscal monetary stimulus in Europe and the United States [1] - The engineering machinery industry is expected to maintain a positive trend with a resonance of both domestic and overseas sales [1]
银河证券：看好工程机械行业继续保持内外销共振向上的良好态势
Zheng Quan Shi Bao Wang·2025-11-12 01:02