Mei Ri Jing Ji Xin Wen·2026-02-24 00:08Core Viewpoint - The report from CITIC Securities indicates a significant year-on-year increase in excavator sales both domestically and internationally in January, suggesting a positive outlook for the industry in Q1 2026 [1] Domestic Sales - In January 2026, domestic excavator sales reached 8,723 units, representing a year-on-year growth of 61.4% [1] - When adjusting for the impact of the Spring Festival holiday, the domestic sales growth is estimated at 35% year-on-year [1] Export Sales - January 2026 saw export excavator sales of 9,985 units, marking a year-on-year increase of 40.5% [1] - The growth in exports is partly attributed to the demand brought forward due to the adjustment of the scrap tax policy in Russia, despite the holiday effects [1] - The adjusted year-on-year growth for exports, excluding holiday impacts, is estimated at 18% [1] Market Outlook - The overall expectation for the domestic market in 2026 is a growth of over 10%, while exports are anticipated to grow by more than 15% [1] - The continuous upward resonance of both domestic and international demand is highlighted as a key factor for growth [1]