North America "fire": strong growth

Jieer Jie is a listed company in New York, USA, a subsidiary of Oshkosh (Oshkosh) Group, the production of aerial work platforms, business covers the aerial work platform equipment, forklift truck and other related equipment, and has a production base in Europe, the United States and China, respectively .

The latest financial results, compared with the same period last year, sales of Jie Erjie in the world's major markets are to achieve double-digit growth. Thanks to the large number of aging facilities and the replacement demand, the increase in the North American market, most significantly in the first nine months of this fiscal, total sales of $ 2.203 billion, an increase of 60% compared with $ 1.378 billion in the same period last year.

World manufacturer of construction machinery giant Caterpillar, the total sales revenue of the second quarter of the field of machinery manufacturing $ 16.68 billion, an increase of 23%, profits increased by 66% year-on-year to $ 2.51 billion. In North America, although the amount of engineering construction below the historical peak levels, but the amount of engineering construction and equipment ownership in year-on-year is still increasing, the sales revenue of $ 1.97 billion, a significant increase over the previous year of 42%.

European construction machinery giant Volvo also had a strong performance in the first half of this year. According to the data of the second quarter earnings, Volvo Construction Equipment sales year-on-year increase of 15%, and operating income rose 35%, operating margin of 13.3%. Pat Olney, president of the company said the second quarter continued strong market demand for the North American market, a 89% increase in sales over the same period last year.

The hot construction machinery market in North America, has also led to a surge in the export of related products in China. According to Customs statistics, from January to May this year, China's construction machinery import and export trade volume of $ 10.329 billion, a year-on-year growth of 3.45%. Among them, the amount of imports of $ 2.915 billion, a decrease of 35.3% over the same period last year; exports amounted to $ 7.414 billion, a year-on-year growth of 35.4%.

The export side, 1-May, China's total exports of the whole $ 4.978 billion, a year-on-year growth of 39.7%; parts exports of $ 2.436 billion, a year-on-year growth of 24.75%. See from the excavator export growth in the first quarter to 87.9%, which Zoomlion (000157) excavator exports surged 550 percent; Sany Heavy Industry (600031) excavator exports year-on-year increase of nearly 102%, truck cranes and crawler cranes exports grew by nearly 60% and 180%.

High Fu wealth Jinan Branch Shi Yu Xin, chief strategist, said the strong performance of the construction machinery market in North America, thanks to the U.S. economy is heading towards recovery.

"Cold": inventory pressure

In the domestic construction machinery market leader in Sany performance is poor, transferred a large area layoffs and the H-share IPO suspend; Zoomlion first quarter sales revenue year-on-year increase of less than 10%, with an increase of more than 50% of the previous fall; Xugong (000425) in the first quarter sales revenue fell 17.8%.

International construction machinery giants in China, is also struggling. Caterpillar construction machinery sales revenue in the Asia-Pacific region in the second quarter was $ 1.31 billion, down 11%. In fact, its sales revenue in other countries in the Asia-Pacific region except China has increased, but this is part of the growth is not enough to make up for the sharp drop in sales revenue in the Chinese market.

According to Caterpillar statistics, the end of the second quarter, the company global inventory levels relative to the first quarter at the end to increase by 5% to $ 800 million. Approximately 50% of the finished goods inventory, more than half of the finished goods inventory excavator machine, and most of these excavator machine inventory in China.