SANY(SH:600031) Xin Hua She·2026-01-12 10:45Group 1 - The "Excavator Index" developed by SANY Heavy Industry indicates a concentration of advantages among leading equipment categories in the construction machinery sector for 2025, with truck cranes maintaining the highest operational activity for 12 consecutive months [1] - Truck cranes are widely used in heavy infrastructure, energy projects, and large factory construction, reflecting the sustainability and intensity of major project construction [1] - Excavators and concrete mixers form the second tier of equipment, corresponding to core construction activities such as earthworks and concrete pouring, indicating steady progress in residential construction, municipal pipeline projects, and industrial park support [1] Group 2 - The operational rate of port equipment has increased for six consecutive months since July 2025, with provinces like Ningxia, Zhejiang, Shaanxi, and Guizhou leading the nation [3] - The data suggests that inland provinces are enhancing their "port-to-sea" capabilities through dry port construction and the China-Europe Railway Express, while coastal ports are improving efficiency through route optimization and smart upgrades [3] - The growth in port equipment operational rates reflects the resilience of integrated domestic and foreign trade development, with ports increasingly supporting logistics hubs [3] Group 3 - Among various equipment types, the operational rates of stackers, truck cranes, rotary drilling rigs, concrete mixers, trailer pumps, and pump trucks have all seen year-on-year increases [3] - The rise in stacker operational rates indicates strong demand in e-commerce logistics and port freight, while the increase in concrete mixers and pumps reflects an accelerated pace in concrete pouring projects [3] - Overall, the growth in operational rates across different equipment types demonstrates a broader coverage of investment-driven activities, showing steady improvement from large-scale infrastructure to detailed supporting projects [3] Group 4 - The national construction machinery operational rate for 2025 is projected to be 44.89%, with 18 provinces exceeding 50% [3] - The central region has led the nation in construction machinery operational rates for seven consecutive months [3]