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July Excavator Sales Increase 1 Time Times Engineering Machinery Cycle Recovery Continued

Securities Times Network (www. stcn. com) August 08, according to the new information reported, according to the China Construction Machinery Industry Association Mining Machinery Branch Industry statistics, January-July this year into the statistics of 25 mainframe manufacturing enterprises, total sales of various types of mining machinery products 82725 units, Year-on-year rise 101.3%. The industry said that the construction machinery cycle upward, mainly by the demand for infrastructure investment to update the impact of demand, in which the replacement accounted for a large share, the next 2-3 years to update the demand still have a larger space. In addition, since 2012, the construction machinery industry after 5 years of sustained depth adjustment, the competitive landscape improved. 31 Heavy Industry (600031, Stock bar), Sunward Intelligence (002097, shares) and other excavator companies are expected to benefit from continued recovery.

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