"A little warmer than last year, and efficiency can be 10 percent higher than last year." Mr. Song, who is engaged in machinery leasing in Beijing, told the daily economic news that for more than 10 years, 2015 has been a low level of industry he has felt. Since 2016, the situation has finally been better.

Mr. song also felt that there was an executive of a listed company engaged in construction machinery production for many years. In his view, after six consecutive years of unilateral decline, the signs of the bottom of the construction machinery industry are obvious, "the new demand and the demand for renewal and replacement will probably appear once the demand for new generation and replacement has improved compared with the same period of the past year." He said the industry will not recover too fast, but it is still worth looking forward to.

"Long drought and hope for showers" is used to describe the practitioners of the construction machinery industry, which has experienced many years of sharp decline, and sales fell to the freezing point last year. Now, the bad time is passing. In the field of excavators, there has been a large increase in sales.

Excavator "rebound" leads the lead

The first to sound the "bottom touch pick up" horn is the excavator industry, "excavator market demand is relatively large, may lead to the construction machinery (industry warming)." An operator analyzed to reporters.

The volume of excavators is more illustrative. China Merchants Securities said that excavator sales volume has risen sharply in February and March this year, with continuous growth in July and August, of which, in August, excavator industry sales increased 45%. According to the survey and statistics of China Construction machinery trade network, the sales volume of excavator in 26 major excavator manufacturers in September increased by 71% year on year, and 25.5% on month.

The increase of excavator sales is closely related to the support of the housing market explosion and the sustained investment of infrastructure projects. In October, although dozens of cities have issued real estate market control policies, the third batch of government and social capital cooperation demonstration projects have been ready to be launched.

On October 18, the Ministry of Finance issued the third batch of government and social capital cooperation demonstration project analysis report. According to the relevant head of the Ministry of finance, 516 demonstration projects in the third batch of PPP demonstration projects stand out, accounting for 44% of all the projects declared, and the total investment is more than 1.17 trillion yuan.

"The effect of the company's capacity removal has been initially apparent, the R & D innovation results are significant, and cost and expense management and control have achieved further results," he Dongdong, senior vice president of Sany Heavy Industry, told reporters The company's semi annual report in 2016 showed that the revenue of excavator products was 3.411 billion yuan, and the gross profit rate increased by 1 percentage point compared with the previous year.

However, the "rebound" of excavator in the construction machinery industry has some "unique" meaning. The reporter combed the major listed companies in the construction machinery industry in the semi annual report 2016 and found that although the gross profit rate of the industry increased slightly, the revenue of some enterprises was still falling compared with last year.

"The whole construction machinery industry is still in a relatively stable process from the perspective of the three quarter performance forecast disclosed by all at present." A senior executive of a listed company engaged in construction machinery production for many years analyzed to the daily economic news that the periodic change does not represent the formation of the whole trend, and it is not necessary that next year may be out of the trough.

Slow recovery, but it is worth looking forward to

According to Mr Song, who is engaged in mechanical leasing, the number of days to start this year can reach 24-25 days a month, which has improved from last year, but the situation of "only starting without making money" has made him worried. He said only 30 percent of the proceeds this year were "developers may not be good at lending.".

The executives of listed companies engaged in construction machinery production for many years are relatively optimistic, "a lot of quantity has been lower than the floor, and no lower down." He believes that the amount of retention formed during the peak period is too large, and the process of recovery of the construction machinery industry may not be obvious, but it is still worth looking forward to in the future.

The executive has been in the industry for more than 10 years, witnessing the peak and low of the construction machinery industry. "The construction machinery industry has blowout market since 2003, and the market has declined sharply since the second half of March 2011." Six years of unilateral decline has eroded the confidence of many practitioners, but he believes that the rotation is not far from the 8-10-year cycle of construction machinery.

He said demand for renewal of retention and new demand stimulated by policies are growing. "The amount of retention formed in the peak period also entered an update and replacement. With the introduction of some national environmental protection policies, users also know that the reuse of old equipment is also to be eliminated from the environmental protection perspective. At this time, the service life of the equipment itself is also at this time, and reuse means that the maintenance cost is higher and higher, so it is better to buy new ones."

But he also admitted that during the six-year decline in the industry, the use value of many machines has not been played out, and users may extend the service life of products, which also adds some variables to the industry cycle. However, "the bad thing is to oscillate back and forth at the bottom, and it's not too likely to slide down." He said the bottom of the industry is not "a dark group, we have a good morale.".