金吾财讯 | 招银国际表示，中国工程机械工业协会周末公布的2月份土方机械销售数据超出预期。挖掘机/装载机国内销量同比大幅增加99%/63%，这不仅由于春节基数效应，更重要的是实际需求强于预期。该行认为近期的宏观支持政策已逐渐转化为实际需求，而土方机械将是项目周期中率先复苏的行业。该行维持观点，更新换代需求的上升周期将推动今年的土方机械销售。短期内，该行相信3月份的传统旺季可能会进一步提振板块的股价表现。该行重申对三一重工(600031 CH)、恒立液压(601100 CH)和中联重科(01157/000157 CH)的买入评级。具体数据为：2月份挖掘机总销量同比增长53%。国内销量同比大幅增加99%至1.16万台。出口同比增长13%至7,630台。今年首两个月，挖掘机总销量增长27%（国内：+51%；出口：+7%）。
2月份装载机总销量同比增长34%。国内销量同比增长63%至4,505台。出口同比增长13%至4,225台。电动装载机销量达到1,327台（同比增长3.4倍），占装载机总销量的15.2%（远高于去年同期的4.6%）。今年首两个月，装载机总销量同比增长17%（国内：+26%；出口：+8%）。
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.