Excavator investment analysis
From the perspective of various sub-industries, the sales value of engineering machinery in the first two months of 2013 was 63.696 billion yuan, up -12.59% from the same period last year, down about 14 percentage points from 2012. The sales value of domestic machine tool industry was 110.723 billion yuan, up 11.34 percent year on year, down about 1 percentage point from 2012. The sales value of heavy mining machinery industry in China was 131.576 billion yuan, an increase of 9.73% year on year .
Compared with the expected in the fourth quarter of 2012 we make, say 2 months before the strong cycle industry recovery than expected, as is expected over the next three to six months of strong cycle industry recovery will continue to struggle. The sales value of electrical appliances in the first two months of 2013 was 0.61 trillion yuan, up 11.79% year on year. In the first two months of China's power construction, 38.5 billion yuan was invested, an increase of 14.5% over the previous year. The rapid recovery in railway investment since the second half of 2012 has been one of the factors driving the weak economic recovery, but the railway ministry's withdrawal will have a negative impact on railway investment in the short term.
Although we are in the last two years degree and duration of economic transformation is far beyond our expectations, the future we will be in this difficult transition under the background of new field try to find the dynamic and growing ability and space to the growth of the company. The risk is that the economic correction will last longer than expected.
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