Abstract:
     According to the latest statistics of China Construction Machinery Association of CCMA, sales revenue of China construction machinery industry in 2007 reached above CNY210 billion, ranking the fourth place in the entire China machinery industry, ranking the second place in the world just after the United States of America. Its existing market share accounts for one sixth of the global total.

     In 2007, China’s import and export of construction machinery industry continued a roaring growth. According to statistics of General Administration of Customs, China’s total trade volume of import and export of construction machinery reached US$13.64 billion, up 52.6% year on year. In which, import volume was  S$4.94 billion, up 25.7% on year, and export volume was US$8.7 billion, up 73.5% on year, resulting in a trade surplus of US$3.76 billion.

     China’s construction machinery industry will maintain a rapid growth in 2008, in which product mix determines investment value. It is estimated that the revenue growth rate of China’s construction machinery industry will be about 45% in 2008 and 38% in 2009. In the future development of China’s construction machinery industry, the companies, which have advantages in product technology and product mix, will have outstanding investment value.

Forecast of Industrial Output Growth of Construction Machinery Industry

 
Source：China Galaxy Securities

     From the perspective of regional sales of construction machinery, provinces in central and west parts of China were on the top and the growth rates of sales in these regions were also the fastest. Based on industry development track in the past two years, we can draw the conclusion that the industry boom was non-linear and growth in booming period was beyond company’s expectation. Sales growth of construction machinery is close related with its downstream industries, including real estate, railway construction and urban mass transit construction. In the process of rapid development of China’s urbanization, demand of real estate industry and infrastructure construction for construction machinery is inevitably on the upward trend.

Contents
1. Overview of Construction Machinery Industry
1.1 Overview of China construction machinery industry in 2007
1.2 Development trend of China construction machinery industry in 2008

2. Production, Sale and import & export of Construction Machinery Industry
2.1  Shovel loader
2.2  Excavator
2.3  Bulldozer 
2.4  Road roller

3. Influences on Construction Machinery Industry
3.1 Basic driving force from growth in fixed asset investment
3.2 Industry growth driven by new products
3.3 Rapid export growth driven by global economic growth

4. Risks of Construction Machinery Industry
4.1 Macro retrenchment
4.2 Continuous RMB appreciation
4.3 Sustained price hikes in raw materials such as steel 

5. Prospect of Construction Machinery Industry

6. Key Companies
6.1 Shantui Construction Machinery Co., Ltd.（000680） 
6.1.1  Profile 
6.1.2  Operating income, 2007-2008
6.1.3  Main business
6.1.4  Prospect 
6.2  Xiamen Engineering Machinery Co., Ltd.（600815）
6.2.1  Profile 
6.2.2  Operating income, 2007-2008 
6.2.3  Main business 
6.2.4  Prospect 
6.2.5  Risks 
6.3  Sany Heavy Industry Co., Ltd（600031 ） 
6.3.1  Profile 
6.3.2  Operating income, 2007-2008
6.3.3  Main business 
6.3.4  Prospect 
6.3.5  Risks
6.4  Taiyuan Heavy Industry Co., Ltd.（600169） 
6.4.1  Profile 
6.4.2  Operating income, 2007-2008 
6.4.3  Main business 
6.4.4  Prospect 
6.4.5  Risks
6.5  Guangxi Liugong Machinery Co., Ltd.（000528 ） 
6.5.1  Profile 
6.5.2  Operating income, 2007-2008 
6.5.3  Main business 
6.5.4  Prospect 
6.5.5  Risks 
6.6  Xuzhou Construction Machinery Science & Technology Co., Ltd（000425 ）
6.6.1  Profile 
6.6.2  Operating income, 2007-2008 
6.6.3  Main business 
6.6.4  Prospect 
6.7  Changsha Zoomlion Heavy Industry Science & Technology Development Co., Ltd（000157）
6.7.1  Profile 
6.7.2  Operating income, 2007-2008 
6.7.3  Main business 
6.7.4  Prospect 
6.7.5  Risks