Deeply cultivate local needs and provide customized services to global customers

Release date 2026-03-17 15:16:11 Reading 15

used excavator Chinese construction machinery moves from product export to ecological construction and deeply integrates into the global market

According to the comprehensive service platform, on March 10th, a batch of high-end equipment (885427) from Shanhe Intelligence (002097) with a total amount of over 100 million yuan departed from Changsha and traveled to many places around the world. More than 400 Chinese companies received large orders at the Las Vegas Construction Machinery Exhibition (881268) in the United States and advocated for the establishment of a global collaboration platform. This marks a deep transformation of China's construction machinery industry (881268) from a single product output to providing system solution services and building a comprehensive ecosystem for the industry (601939), fully integrating into the global market.

The key to successfully expanding overseas markets for enterprises lies in a deep understanding and adaptation to local needs. Shanhe Intelligent (002097) adopts the "one country, one policy" strategy, develops and designs products based on the actual situation of the target market, and cultivates a localized team. In the middle, there is a joint venture (HK1157) that comprehensively promotes the localization of overseas business from research and development, manufacturing to services. It has established more than 10 research and development manufacturing bases overseas, with products and services covering more than 170 countries and regions. This deep cultivation strategy achieved significant results at the Las Vegas exhibition, with Shanhe Intelligence (002097) generating over 100 million yuan in customized product revenue for the American market, and all three groups' exhibited equipment sold out.

used excavatorShow technical strength and integrate into the global stage with high quality

Chinese companies showcased their technological strength and innovative vitality at international exhibitions. Three groups showcase their "globalization, electrification, and intelligence" concepts through their product matrix, AI service assistant, RootPilot system, and other cutting-edge technologies. In the middle, there is a Heavy Duty Truck Group (HK1157) that presents high-end equipment such as ZE500G excavators customized for large-scale mining projects in North America. Through continuous technological innovation and localized cultivation,used excavator for sale the enterprise has won a good reputation in important markets such as North America.

Building a collaborative platform to empower the development of the industry through ecological construction

The initiative on the Adult International Construction Alliance that took place during the exhibition period aims to break down global industry information barriers, used excavatorpromote technology, market information exchange, and industry media collaboration. This initiative is based on the strong foundation of the China Construction Machinery (881268) Industrial Agglomeration Zone. Taking Changsha as an example, it has five strong global manufacturers of construction machinery (881268), with an industrial cluster size exceeding 290 billion yuan by 2025, and domestic and international sales (885840) accounting for over 60%. The industry is moving from product display to ecological building construction.

used excavatorFrom product output to value co creation, the Chinese construction machinery industry (881268) is continuously innovating, deeply localizing, and building a global collaborative ecosystem to deeply serve the global infrastructure process.

Excavators need to be revitalized both internally and externally. The climate cycle of construction machinery is gradually approaching

The Chinese construction machinery industry is continuously recovering. According to the latest statistics from theused excavator China Construction Machinery Industry Association, major excavator manufacturers sold 22142 units of various types of excavators in April 2025, a year-on-year increase of 17.6%. Among them, the domestic consumption was 12547 units, with a year-on-year growth of. 4%; The export volume was 9595 units, a year-on-year increase of 19.3%. From January to April, a total of 83514 excavators were sold, with a year-on-year growth of 0.4%. Among them, the domestic consumption was 49109 units, a year-on-year increase of 0.9%; 34405 units were exported, a year-on-year increase of 9.02%.

As the "barometer" of the construction machinery industry, the bi-directional growth of the domestic and international markets for excavators reflects not only the continuous release of domestic infrastructure investment and equipment renewal demand, but also the significant achievements of China's construction machinery enterprises' global layout, and the further consolidation of the industry's recovery trend.

Su Zimeng, President of the China Construction Machinery Industry Association, stated that with the increaseused excavator in macroeconomic regulation and the superposition of policy effects, the favorable factors supporting the stable operation and high-quality development of the industry will continue to accumulate and increase. The development used excavatorenvironment of China's construction machinery industry will steadily improve. Based on comprehensive judgment, it is expected that China's construction machinery industry will continue to show a stable and upward development trend in 2025, with stable growth in major economic indicators and a stable foundation for foreign trade protection.

The construction machinery market is fully recovering

From the overall growth of the enterprise to the overall leap of the industry, the recovery trend shows comprehensiveness and sustainability.

Against the backdrop of sustained industry warming, leading companies are seizing market opportunities with differentiated advantages, outlining a clear upward trajectory for the industry.

used excavatorThe three important processes of leading domestic construction machinery enterprises performed better in the first quarter of 2025, with a revenue of 21.049 billion yuan, a year-on-year increase of 19.18%; The net profit was paralyzed, with a staggering 100 million yuan, a year-on-year increase of up to 40%.

Xuzhou Construction Machinery achieved a revenue of 26.815 billion yuan in the first quarter, a year-on-year increase of 10.92%; What's the point of net profit? It's 2.2 billion yuan, an increase of 37% year-on-year, showing a steady growth trend.

In the first quarter, a heavy technology company achieved a revenue of 12.117 billion yuan, returning used excavatorto its mother's net profit of 1.41 billion yuan, a year-on-year increase of 9.8%, and the performance growth was also very significant. The first quarter report data shows that from January to March 2025, the company's total operating revenue was 4.9 billion yuan, a year-on-year increase of 24%.

From the overall growth of the enterprise to the overall leap of the industry, the recovery trend shows comprehensiveness and sustainability. Su Zimeng pointed out that in the first quarter, the sales of major products in the industry and the economic benefits of enterprises continued to grow. According to statistics, the association focuses on the year-on-year growth of business revenue of enterprise groups, which increased by 7%, and the total profit increased by 8% year-on-year. Although market fluctuations still exist, through the combination of long and short, addressing both symptoms and root causes, and implementing comprehensive policies, the overall operational quality and economic benefits of enterprises have maintained stable growth in the face of significant fluctuations in market sales. The participation period of industry enterprises has further improved, and their confidence in development continues to increase.

Regarding the medium and long-term trend of the industry, Lu Chuan, Deputy Secretary of the Party Committee and President of Slow Industry Group Construction used excavatorMachinery Co., Ltd., believes that the overall construction machinery market will only stabilize and enterused excavator the upper operating cycle. In the next two to three years, the market will have a stable and upward trend to protect and develop. Unlike the previous climate cycle, which received a significant boost from the real estate sector, the current climate cycle lacks short-term driving factors for the real estate industry. The main features will be the increased penetration of new energy intelligent equipment and the demand for equipment updates and replacements. Therefore, it can be inferred that the sustainability of the industry's previous operating cycle will be more sustainable.

Xiang Wenbo, the chairman of Sany Heavy Industry and the three groups, judged that used excavator for sale the domestic construction machinery market continued to improve, the demand for infrastructure investment, new urbanization, mines, water conservancy projects and other projects would further recover, and the market was expected to accelerate its recovery, superimposed on the continued implementation of ultra long term special treasury bond and other policies. In addition, the increased penetration rate of new energy products will further drive the industry's growth in replacement demand. In terms of overseas markets, the infrastructure and mining adoption markets will maintain a high atmosphere.

Continuous increase in research and development investment

Xuzhou is at the forefront of the construction machinery manufacturing industry, always considering research and development innovation as the primary driving force for enterprise development.

In the increasingly fierce competition in the construction machinery industry, leading enterprises have taken technological innovation as their breakthrough point. Among them, leading enterprises such as Xuzhou Construction Machinery, Sany Heavy Industry, LiuGong, and Zoomlion have continued to increase their R&D investment, continuously consolidating and stabilizing their market position, and leading the direction of industry development.

Xuzhou is at the forefront of the construction machinery manufacturing industry, always considering research and development innovation as the primary driving force for enterprise development. The financial report shows that in 2024, the R&D investment in Xuzhou construction used excavatormachinery reached nearly 100 million yuan (close to returning to the mother's net profit), a year-on-year increase of 10%. R&D investment accounted for 6.11% of operating revenue, an increase of 0.68 percentage points from the previous year. At the end of 2024, the company's R&D personnel reached 7619, an increase of 0.13% compared to the previous year, and the proportion of researchers increased from 27.42%, an increase of 3.22 percentage points in one year. In 2024, the company added over 1600 authorized patents, including over 750 new invention patents. These investments mainly focus on global R&D layout, digital intelligence technology, and low-carbon product fields, helping the company achieve fruitful results in patent inventions, experimental testing and control, and intelligent research and development.

Similar to Xuzhou Construction Machinery, other leading enterprises continue to make efforts in the research and development track. Liugong's R&D investment has shown a steady growth trend in the past four years. From 2021 to 2024, the R&D expenses were 64.2 billion yuan, 747 million yuan, 907 million yuan, and 1.141 billion yuan, respectively, accounting for a gradually increasing proportion of operating income from 2.24% to 3.80%. As of the end of 2024, the number of R&D personnel at LiuGong has reached 2169, an increase of 10.72% year-on-year, accounting for 12.75% of the total number of employees and an increase of 0.99 percentage points, demonstrating the importance and investment in technological innovation talents.

used excavatorThe three major projects always adhere to the core concept of "R&D innovation is the first driving force for the company's development, and investing in R&D is to focus on the future", and continuously strengthen competitiveness by accelerating the layout of global smart manufacturing. According to the company's annual report, in 2024, the R&D expenses of the company will be reduced to 8.1 billion yuan, mainly invested in global R&D layout, digital intelligent technology, and low-carbon products. The company has achieved various results in patent inventions, experimental testing and control, and intelligent research and development, achieving a revenue of 2.5 billion yuan from new energy products, a year-on-year increase of 23%. As of the end of 2024, 37 lighthouse factories have been completed and put into production for three major projects, and the second phase lighthouse factory in Indonesia has completed expansion.

Lianzhong Technology has also achieved technological breakthroughs through high-intensity research and development investment. From 2018 to 2024, the R&D center of Lianzhong Technology has invested a total of 21.544 billion yuan. In 2024, the company's R&D personnel will exceed 10000, accounting for 74% of the total number of employees in production. In major projects, a team led by Zhongke has taken used excavatoron the national key research and development plan of "Design and Manufacturing Technology and Equipment for Hundred meter Lightweight Intelligent Boom". In the field of cutting-edge products, Lianzhong Heavy Industry has launched three breakthrough products: the world's largest rated lifting torque of 23800 Yongle meter tower crane has been applied in the construction of Guangzhou Wanlong Bridge. The world's largest 4000 Yongle all ground crane has solved the lifting problem of wind power engineering. The Yongle Lightning Transmission dump truck with a load capacity of 120 has broken the dependence on imported door lock components and improved the industry's ability to be controlled by the master.

The internationalization process is steadily advancing

Lu Chuan pointed out that the overseas market is an important increase, and enterprises need to implement the "the Belt and Road" initiative, accelerate the leap from products to brand globalization, so as to consolidate the global competitiveness of Chinese construction machinery brands.

Construction machinery enterprises continue to have a strong development trend in overseas markets. From the financial report data released by the enterprise, it can be seen that overseas markets have become the core support for the growth of enterprise operating income and the key driving force for the sustained development of the industry.

used excavatorIn the first quarter of 2025, the domestic and foreign revenue of Lianzhong Heavy Industry reached 6.8 billion yuan, accounting for 0.2% of the total revenue, a year-on-year increase of 1.7%, with significant contribution to the overseas market. Guo Xuehong, Vice President of Zhonglian Heavy Industry Technology Co., Ltd., stated that Zhonglian Heavy Industry Technology Co., Ltd. is actively building a global market network, focusing on mature markets in Europe and America, emerging economies in Southeast Asia, energy hubs in the Middle East, and developing countries in Africa. They are establishing business "airports" in key countries and building over 400 overseas service outlets to strengthen market coverage. At the same time, utilizing digital platforms to achieve end-to-end market sales services actually monitors market dynamics and accurately matches demand. The international market coverage continues to increase, driving sustained high-speed growth in overseas performance. In 2024, the company's overseas revenue was 23.38 billion yuan, a year-on-year increase of 30.58%, with overseas revenue accounting for over 51%.

Xuzhou Construction Machinery's overseas revenue in 2024 was 41.687 billion yuan, a year-on-year increase of 12%. The proportion of overseas revenue jumped from 67% in 2022 to 48% in 2024, demonstrating significant achievements in global layout. Lu Chuan pointed out that the overseas market is an important increase, and enterprises need to implement the "the Belt and Road" initiative, accelerate the leap from products to brand globalization, so as to consolidate the global competitiveness of Chinese construction machinery brands.

used excavatorThe overseas main business revenue of the three major projects in 2024 was 48.513 billion yuan, a year-on-year increase of 12.15%, and the proportion of overseas revenue reached 63.98%, setting a new historical high. The three groups, taking "globalization" as the first important strategy, have established a channel system covering more than 400 overseas subsidiaries, joint ventures and agents. The localization rate of overseas personnel is close to 70%, and they have 15 manufacturing plants around the world (including upgrading plants in the United States and Germany, and new infrastructure in Indonesia, South Africa and Türkiye). According to the introduction of three senior vice presidents of the group to Confucian, its products have achieved at least one market share leader in 122 countries and regions. In 2024, overseas business contributed nearly half of the revenue and more than half of the profit, becoming the "ballast" for the high-quality development of the enterprise. His path of "headquarters in China, research and development manufacturing in China, and used excavatormarket radiation worldwide" provides a model for the globalization of the industry.

used excavator for sale Previously, the global development of the industry was standing at a new starting point. In Lu Chuan's view, in recent years, Chinese construction machinery enterprises have adapted to the situation and achieved the internationalization of technology, capital, brand, and talent from trade exports. They have formed an international development model of "four in one", including product exports, overseas factory construction, used excavator for sale cross-border purchasing, and global collaborative research and development. The export amount has continued to grow. The overseas market has only absorbed most of China's construction machinery production capacity, and more importantly, it has effectively responded to the risks of the downward cycle that has impacted the domestic market.

The research report of Donghai Securities also mentioned evidence that overseas, domestic enterprises are laying out pre - and post sales networks, establishing local production capacity overseas, entering a period of accelerated globalization, and gradually increasing market penetration. The construction machinery industry is expected to continue to recover throughout the year.

used excavatorBut the challenge cannot be ignored. Mr. Meng, President of Construction Machinery Group Co., Ltd. and Chairman of Lingong Heavy Machinery Co., Ltd., reminded that the rapid growth of China's construction machinery exports is essentially a reflection of industrial upgrading. The overseas market performance of China's leading construction machinery enterprises is impressive, but Chinese companies still need to shift from a "price war" to a "value war" in international competition, and enhance brand added value through technological reliability and service standardization. At the same time, the industry must be proactive and build a strong safety barrier to Hai'an.

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High quality and low price

We guarantee the quality of each machine and promise to offer you the most favorable price.

Deeply cultivate local needs and provide customized services to global customers

We guarantee the quality of each machine and promise
to offer you the most favorable price.