The construction machinery industry has continued to recover, with the three major industry leaders seeing increases in both revenue and net profit in the first quarter.

The construction machinery industry continues to recover, with all three major leading companies achieving double growth in the first quarter. Sany Heavy Industry, XCMG Machinery, and Zoomlion recently disclosed their first-quarter performance announcements, showing that all three companies' revenue and net profit have increased. Among them, Sany Heavy Industry and Zoomlion's net profit increased by over 50%. Looking at the industry as a whole, in the first quarter of this year, the construction machinery industry's prosperity continued to rise, with domestic sales of excavators increasing by nearly 40% year-on-year, and export volume remaining high. According to statistics from the China Construction Machinery Industry Association, in the first quarter of 2025, major excavator manufacturing companies sold a total of 61,372 excavators, an increase of 22.8% year-on-year; domestic sales were 36,562 units, an increase of 38.3% year-on-year; and exports were 24,810 units, an increase of 5.49% year-on-year. Additionally, according to the "Excavator Index" jointly developed by CCTV Finance and Sany Heavy Industry, Shugen Internet, in the first quarter of this year, the national average construction machinery utilization rate was 44.67%, an increase of 1.62% from the same period last year, with the average utilization rate of 12 provinces exceeding 50%.