April machinery industry overall market analysis

Construction Machinery: Weak recovery, stock price subject to macroeconomic outlook

It is expected that the industry's sales volume will recover weakly this year, and the risk of inventory and capital chain will have been significantly reduced. However, subject to weaker economic recovery, we are more cautious about the sector’s April expectations. Pay attention to the implementation of real estate control policies and bank credit supervision, and gradually increase the number of leading companies in Zoomlion and other industries.

Oil and gas equipment: benefit from China's energy strategy, high boom continuation

The growth prospects of fracturing equipment and services are strongly expected. The core logic is that domestic oil production will increase, natural gas development will continue to increase the number of horizontal wells, and the demand for fracturing equipment and LNG equipment will increase rapidly. In addition, we expect the country may further introduce support policies for the industry in the next few quarters, which will facilitate the expansion of valuations. In terms of LNG, prices continued to fall after the peak of winter air consumption, and the price advantage was further highlighted, which is conducive to the expansion of LNG vehicle demand.

Railway equipment: 13-year solid investment plan meets expectations, and the future increase sees locomotive equipment

Railway investment grew by 25.7% in January-February 2013, which was narrowed by the increase in investment in February due to the Spring Festival. Affected by the slowdown in post-holiday start-up, the passenger and freight turnover of railways declined in February. In March, the reform of the Ministry of Railways was formally completed. The former railway was partially demolished as the General Administration of Railways and the Railway Corporation. The functions of government supervision and operation were separately exercised. It is expected that the tenders for locomotives and passenger cars will be affected, but the trains and trucks will continue to grow steadily. Looks at vehicle manufacturers and core component manufacturers.

General Machinery: Road Maintenance Equipment, Water Pumps are the highlights of growth

Optimistic about the prospects for the growth of demand for road maintenance equipment, the core logic is that China's road network mileage is huge. The “Twelfth Five-Year Plan” national inspection is approaching and the rigid demand for conservation will be released. The focus is on the regenerative maintenance model. Senyuan is recommended. The company recently announced large orders and provided strong support for its 13-year high-speed growth.

Maintain the judgment of the structural boom of the domestic pump industry this year, and be optimistic about water conservancy agricultural pumps, stainless steel clear water pumps, and sewage treatment pumps. Recommended South Pumps.

Recommended superstar technology. The company significantly benefited from the recovery of the US economic real estate, and the recovery in performance was more than expected.