Mechanical Engineering Fundamentals A Moderate Recovery is Expected to Continue

On January 18, according to the Shanghai information, we have heard from China machinery industry federation, 8 to November, 2016 part of the engineering machinery products have obvious improvement. Everbright securities believes that construction machinery industry since the second half of 2016, gradually into the bottom of the recovery. Is engineering machinery sales season, during the first half of various engineering machinery company is expected to lay a good foundation of full-year results. In addition, due to infrastructure investment growth continues, engineering machinery sales peak products gradually enter the renewal period, the industry has continued mild recovery can at least in the first half of the year, with leading companies or benefit of brand appeal.