The Domestic Economy Recovery, Construction Machinery Industry Boom To Enhance!
On the 11th Of September, The Ministry of Finance released fiscal revenue and expenditure data, the data show that the national fiscal revenue growth rate of 7.2% in August, overall, the revenue growth of 9.8% in the first 8 months. In the context of to increase the intensity of tax cuts and price reduction this year, the growth of income is better, which reflects the stability of China's economy to the better.
Revenue Rose Sharply
It is understood that the construction machinery industry 13 listed companies to achieve revenue of 64 billion in the first half of year, up 60.30 percent, net profit rose after a five-year continuous decline, reaching about 3.7 billion, net cash inflow from operating activities was RMB 9.5 billion, an increase of RMB 6.9 billion, up 266 percent year on year, the cash flow improved significantly.
It is worth noting that the excavator sales will be as high as 75068 units only in the first half year, increase of 100.5 percent year on year, has exceeded annual sales of last year, view from sales data point of the truck cranes, presses, forklifts and other construction machinery, the industry recovery momentum is more rapid. The strategic layout of construction machinery enterprises in the "the Belt and Road Initiatives" along the national and regional is still continuing. The network is becoming more mature, market participants think, with the promote of the strategy of "the Belt and Road Initiatives", infrastructure investment will also bring huge market space for the construction machinery industry and enterprises, especially the leading companies, the second half of the year,construction machinery industry will maintain a certain of growth rate.