Global engineering machinery market started to rebound. Global engineering machinery sales began to return to after falling for five consecutive years, global sales rose 1.73% in 2016, sales of more than 400 billion yuan, 2017 global excavator sales growth is expected to be 24%.

Ten-year period, domestic engineering machinery earnings growth. 1) 2006-2009, engineering machinery into the investment cycle. High-speed growth of real estate and infrastructure investment, promote industry rapidly expanding capacity; 2) 2010-2011, capacity and credit expansion. Companies using lower down payment to penetrate the market, expand the number of employees to improve production capacity; 3), 2012-2016, to inventory. Each product sales decline, the main makers began to cut capacity, repair report. From the beginning in July 2016, represented by excavators and cranes and other main products sales began to gradually pick up. In November 2017 excavator sales year-on-year growth of 107%, the main forms of profit elasticity began to ascend.