Excavator sales in July were - 9% year-on-year, slightly lower than CME's previous - 3% expectation

In July 2021, the sales volume of excavators was 17345 units, a year-on-year - 9.2%, slightly lower than the previous CME's year-on-year - 3% expectation. Among them, the domestic sales volume was 12329 units, with a year-on-year increase of - 24.1%; 5016 sets were exported, a year-on-year increase of + 75.6%. From January to July 2021, 241178 excavators were sold, with a year-on-year increase of + 27.2%; Among them, 206029 sets were sold in China, a year-on-year increase of + 19.7%; 35149 sets were exported, with a year-on-year increase of + 102.1%, accounting for 14.6%. In July, driven by the recovery of the industry's overseas market and the globalization of domestic brands, exports continued to grow more than doubled year-on-year.

China excavation has led the growth for four consecutive quarters. In terms of tonnage in the domestic market, the sales volume of small excavation (0-18.5t) in July was 6813 units, a year-on-year increase of - 25.0%; The sales volume of medium excavation (18.5-28.5t) was 3576 units, with a year-on-year increase of - 21.1%; The sales volume of large excavation (> 28.5t) was 1940 units, with a year-on-year increase of - 26.4%. In July, the sales volume of domestic small / medium / large excavation accounted for 55.3% / 29.0% / 15.7% respectively, with a year-on-year ratio of - 0.6 / + 1.1 / - 0.5pct. Since Q3 in 2020, China mining has surpassed small mining and become the industry's highest growth model for four consecutive quarters. From January to June 2021, the investment in infrastructure and real estate returned to the pre epidemic level, with a cumulative increase of 7.15% and 15.0% respectively.