金吾财讯 | 招银国际表示，中国工程机械工业协会发布了4月份全系列工程机械销售数据。与上月类似，4月份非土方机械销量涨跌互现(而上周发布的土方机械数据则相对强劲)。叉车销量总体保持韧性，而塔式起重机的国内销量(同比下降61%)和出口(同比增长49%)仍然呈现较大分化。高空作业平台销量同比下降31%, 依然疲软。该行继续看好土方机械，因为无论是在项目周期还是更新换代周期中，土方机械都是率先复苏的细分设备。
该行继续看好三一重工(600031 CH，买入)和恒立液压(601100 CH，买入)，主要由于挖掘机相关收入占比相对较高。该行仍然看好中联重科(01157/ 000157 CH，买入)通过广泛的产品线在新兴市场快速扩张的策略。相反，由于美国关税政策的不确定性，该行维持对浙江鼎力(603338 CH，持有)的谨慎观点。
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