The hottest slowdown in China makes Japanese const

China's deceleration makes Japanese construction machinery manufacturers meet the inflection point

China's deceleration makes Japanese construction machinery manufacturers meet the inflection point

gradually move towards green development. China Construction machinery information

Guide: the performance of Japan's major construction machinery manufacturers has reached the inflection point, because the demand of emerging economies such as China has fallen sharply. Komatsu xuanruo's leverage is controlled within 0.05%. It is estimated that the joint operating profit in fiscal year 2012 (US accounting standards) will increase by 2% to 262 billion yen (about 21.27 billion yuan), 53 billion yen lower than the original forecast

the performance of major construction machinery manufacturers in Japan has ushered in an inflection point, due to the rapid decline in demand in emerging economies such as China. Komatsu announced that it expected the joint operating profit of fiscal year 2012 (US accounting standards) to increase by 2% to 262 billion yen (about 21.27 billion yuan), 53 billion yen lower than the original forecast. In addition to the sluggish sales in the Chinese market, the sales of mining machinery to Indonesia have not completed the plan. Due to the hopeless recovery of demand, the performance recovery of Japanese construction machinery manufacturers will take time

at the meeting a few days ago, Komatsu president Noriko did not hide his worries about the future, saying that "the sales competition in the Chinese market is quite fierce, and the decline in market share is expected". Joint sales in this fiscal year are expected to decrease by 1% to 1.97 trillion yen, 130 billion yen lower than the forecast at the beginning of the fiscal year

Komatsu's sales in China will be 50billion yen (about 4.06 billion yuan) lower than the original plan, a decrease of 25% to 150billion yen (about 12.18 billion yuan). Compared with fiscal year 2010 (up to March 2011), the decrease will be 55%. The sales volume in the Chinese market was lower than that of the previous year, which began in May last year, and the number of units sold in the first quarter of this year (April to June) was 57% lower than that of the same period last year, and there was no sign of recovery

the supply of construction machinery in June released at the Japan construction machinery industry conference was 195.1 billion yen, a decrease of 3% over the same month last year. This is the first decline in 30 months. Exports were 139.1 billion yen, a decrease of 10%. With the exception of China, where demand remained sluggish, exports to Europe decreased by 0.2% and exports to other Asian regions outside China decreased by 16%, leading to a decline in exports

exports to the Chinese market decreased by 74%, lower than the same month of the previous year for 12 consecutive months. The decrease was also further greater than that in May (a decrease of 46%). Against the backdrop of sluggish demand, the overall inventory of Japan's construction machinery market increased, and manufacturers began to reduce exports, while reducing production in Chinese factories

mining machinery, which has been selling well, has also changed. Komatsu lowered the sales forecast of mining machinery by 40billion yen to 624billion yen, an increase of 13%. Three quarters of the reduction came from the Indonesian market. The reason is that the United States has gradually replaced power generation fuel with cheaper shale gas, and the overseas price of coal has begun to fall, leading to the closure or production reduction of mining enterprises in Indonesia, the main coal producer

the slowdown in demand in emerging economies is the same email: ang@ spreads to other companies. Hitachi construction machinery's operating profit in fiscal year 2012 (as of March 2013) was reduced by 6billion yen from the previous forecast, an increase of 31% over the previous fiscal year to 72billion yen. The recurring profit of Kobe Steel construction machinery, a subsidiary of Kobe Steel, is also expected to decrease by 52% to 11 billion yen in fiscal year 2012

although the Chinese government is taking monetary easing measures such as interest rate reduction, Komatsu's president noru believes that "as long as direct investment such as infrastructure construction is not started, the demand for construction machinery will not be stimulated". Komatsu predicts that China's demand will resume growth after next spring. Mining machinery is the same. As long as the price of coal does not rise, it is difficult to expect demand to recover

it will take time for China's construction machinery inventory to be digested

the deterioration of the performance of Japan's major construction machinery manufacturers is mainly due to the rapid decline in the Chinese market. The financial tightening policy implemented by the Chinese government, which is worried about overheating, has had an effect. At present, the inventories of manufacturers are increasing sharply. Although China has the trend of promoting infrastructure investment, it is not enough to deal with the backlog of inventory. Many insiders believe that the production recovery of local factories in China will wait until after next year

"after the Spring Festival this year, more and more customers have delayed purchasing or cancelled orders", said an executive of a Japanese manufacturer who supplies hydraulic machines, the core components of excavators, to Chinese enterprises

the excavator sales of 23 manufacturers, including Komatsu and other foreign-funded enterprises, have been lower than that of the previous year since May last year. Even so, in order to meet the peak demand season of construction machinery around the Spring Festival, Chinese manufacturers began to increase production at the end of last year. However, insiders said that "sales were lower than expected, and inventories increased sharply"

the Chinese government has accelerated the approval of infrastructure investment and equipment investment projects since late May. In June and July, economic stimulus policies such as interest rate reduction were introduced for two consecutive months, but the intensity was small and the effect was not obvious. Japan's kobela construction machinery company said that "the project has indeed started, but for the construction party, the amount of work is small, and the use of machinery purchased 1-2 years ago is enough to cope, so the willingness to purchase new machinery is weak"

Tang Xiuguo, chairman of Sany group, a Chinese construction machinery giant, said with great expectation that sales would recover from the second half of this year. However, in order to deal with inventory, the low price competition of Chinese enterprises is becoming increasingly fierce, which can not be ignored. Therefore, the strength competition among manufacturers will become increasingly fierce in the future