智通财经网·2025-12-17 07:30Group 1 - The core viewpoint of the article highlights the strong demand for crawler cranes in the Chinese market, with a year-on-year increase in shipments of 102% in November [1] - The demand for crawler cranes is driven by equipment replacement needs and strong demand in renewable energy sectors such as wind energy [1] - In contrast, the shipment volume of tower cranes in China saw a significant year-on-year decline, with a drop from 17% in October to 49% in November [1] Group 2 - The market share of the top four large excavator manufacturers in China decreased from 59.7% in 2024 to 58.7% in the first nine months of this year, indicating intensified competition among Chinese machinery manufacturers [1] - The preference ranking for the domestic engineering machinery industry remains unchanged, with the order being Hengli Hydraulic (601100.SH), Sany Heavy Industry (06031) H-shares, Sany Heavy Industry (600031.SH) A-shares, Zoomlion (01157), and finally Construction Machinery (600984.SH) [1]