Excavator sales will reach a new high, and related companies are expected to benefit

According to statistics from the China Construction Machinery Industry Association, the sales volume of excavators from January to October was about 172000 units, approaching the historical high of 178000 units in 2011. According to industry insiders, the current policy signals for stabilizing investment have strengthened. With the continuous refinement and implementation of relevant policies, accelerated approval of infrastructure projects, and accelerated issuance of special bonds, the growth rate of infrastructure investment will stabilize and rebound in the fourth quarter, and the growth rate of new construction area in real estate will increase. Due to seasonal factors and analysis of historical data, the monthly sales of excavators in November and December are expected to increase compared to August to October. It is expected that the annual sales of excavators will reach a new high, and related companies are expected to benefit.