叉车月度跟踪：国内外销量均有所增长，4月总销量同比+24%

Investment Rating - The report suggests a positive outlook for the forklift industry, recommending to focus on Anhui Heli and Hangcha Group due to their competitive advantages and market positioning [5]. Core Insights - Forklift sales in April 2024 increased by 23.9% year-on-year, with total sales reaching 123,900 units. Cumulative sales from January to April amounted to 440,000 units, reflecting a 14.4% year-on-year growth. Domestic sales outperformed international sales, with 85,072 units sold domestically (up 30.4% YoY) and 38,804 units exported (up 11.7% YoY) [1][15]. - Domestic forklift manufacturers maintained a high market share, with domestic brands accounting for 94.74% of sales in March 2024. Electric forklifts represented 70.38% of total sales, marking a 9.30 percentage point increase from the previous month [1][15]. - The manufacturing sector's recovery is indicated by PMIs remaining in the expansion zone, with March and April 2024 PMIs at 50.8% and 50.4%, respectively. This suggests a continued recovery in production and market demand [1][16]. Summary by Sections Forklift Sales Data - In April 2024, forklift sales reached 123,900 units, a 23.9% increase YoY. Cumulative sales for the first four months were 440,000 units, up 14.4% YoY. Domestic sales were 85,072 units (30.4% YoY increase), while exports were 38,804 units (11.7% YoY increase) [1][15]. - Domestic brands dominated the market with a 94.74% share in March 2024, and electric forklifts accounted for 70.38% of total sales, reflecting a significant shift towards electrification [1][15]. Macro Economic Indicators - The manufacturing sector shows signs of recovery, with PMIs for March and April 2024 at 50.8% and 50.4%, indicating expansion. The production index for April was 52.9%, suggesting increased manufacturing activity [1][16]. - Profits for large-scale industrial enterprises in Q1 2024 grew by 4.3% YoY, marking a positive turnaround from a decline in the previous year [1][16]. Policy Impact - The Chinese government has initiated equipment upgrade policies aimed at promoting modernization in key industries, which is expected to boost demand for forklifts and related equipment [2][16]. Local governments have also introduced similar initiatives to encourage equipment renewal across various sectors [2][16].