SANY(SH:600031) 工程机械杂志·2025-08-25 09:49Core Viewpoint - The excavator serves as a standard for infrastructure construction and reflects changes in fixed asset investment, with the latest data from the "CCTV Finance Excavator Index" indicating stable progress in infrastructure projects across China, particularly in the western regions showing strong growth momentum [1][3]. Group 1: National Construction Rates - In July, the national construction rate for engineering machinery was 44.43%, with a month-on-month increase of 4.44% in total workload, indicating a gradual recovery in infrastructure projects [3]. - The top ten provinces by construction rate included Zhejiang (66.25%), Hainan, Anhui, Qinghai, Jiangxi, Beijing, Liaoning, Fujian, Hebei, and Gansu, with 20 provinces exceeding a 50% construction rate, showcasing balanced development across the country [2][3]. Group 2: Regional Performance - In July, 12 provinces experienced a month-on-month increase in workload, with the top five provinces being Guizhou, Qinghai, and Guangxi from the western region [6]. - The northeastern region had the highest comprehensive construction rate at 49.81%, with port and road equipment rates leading in their categories [12]. - The central region's comprehensive construction rate was 49.28%, with excavator and pile driver rates ranking first nationally [14]. - The western region's comprehensive construction rate was 49.10%, with lifting equipment leading at 78.11% [16]. Group 3: Equipment Performance - In July, the road equipment construction rate was 32.15%, with a month-on-month increase of 2.6% and a year-on-year increase of 20.09%, indicating strong activity in major road and bridge projects [8]. - Among 13 categories of equipment, five categories saw a month-on-month workload increase exceeding 10%, including rollers (18.35%), rotary drilling rigs (14.37%), and crawler cranes (13.16%) [10]. - The eastern region led in concrete equipment construction rates at 46.6%, with specific equipment like trailer pumps and concrete mixers also ranking first nationally [18]. Group 4: Significant Projects - In Tibet, the construction workload increased by 33.4% year-on-year in July, with continuous growth in various equipment categories since March 2025 [20].