The decline in excavator sales increased in September 2012

According to statistics, in September, 28 major domestic excavator manufacturers sold a total of 5905 excavators, with a month on month increase of 7%, a year-on-year increase of -33%, and a cumulative year-on-year increase of -37%. Among them, Sany Heavy Industries (600031, stock bar) has 624 units, with a month on month increase of 13%, a year-on-year increase of -45%, and a cumulative year-on-year increase of -18%; 292 units of Liugong, 31% month on month, -23% year-on-year, cumulative year-on-year -30%; Xiagong has 202 units, with a month on month increase of 64%, a year-on-year increase of -21%, and a cumulative year-on-year increase of -30%; Zoomlion Heavy Industry Science and Technology Co., Ltd. (000157, stock bar) has 273 units, with a month on month increase of 5%, a year-on-year increase of 91%, and a cumulative year-on-year increase of 55%.

　　The year-on-year decline in the industry continues to expand, while the decline in Xiamen Liugong has narrowed

In September, the sales volume of the excavator industry decreased by 33% year-on-year, and the decline has been increasing month by month since May. The industry's sales remain sluggish. In September, only Zoomlion achieved a year-on-year positive growth in sales among listed companies, while others still experienced significant negative growth. Liugong and Xiagong's year-on-year decline has narrowed, shrinking by 11 and 27 percentage points respectively compared to the previous month.

　　Domestic brands maintain a high market share

In September, the market share of domestic brands was 53%, an increase of 4 percentage points compared to the previous month; The market share of Japanese and Korean brands is 20% and 13% respectively, both of which have continued to decline since February this year; European brands have a market share of 14%. Sany, Liugong, Xiagong, and Zhonglian had market share of 11%, 6%, 3%, and 5% respectively in September, with little change compared to the previous month; The cumulative market share from January to August was 14%, 4%, 3%, and 3%, respectively.

　　The demand for large-scale mining continues to decline, while exports continue to grow rapidly

From the analysis of market demand structure, the proportion of small excavation, medium excavation, and large excavation in September was 39%, 51%, and 10% respectively. The demand for large excavation has continued to decline since June, with a decrease of 6 percentage points. From the analysis of regional sales, the market share of the eastern, central, and western regions in September was 26%, 27%, and 33%, respectively. The market share of the eastern and central regions has decreased by 3 percentage points in the past two months. In September, excavator exports continued to grow at a high rate, with 809 units exported, a year-on-year increase of 63%.