Machinery Industry: The Impact of Earthquakes on Machinery Industry

On May 12, a magnitude 7.8 earthquake occurred in Wenchuan County, Sichuan Province. The earthquake caused some buildings to collapse, which stimulated the market demand for construction machinery to some extent. The bulldozers, loaders, medium-sized excavators, and small excavators were used as examples for analysis.

From the perspective of market share of subdivided products, in addition to bulldozers, the sales share of loaders, medium-sized excavators, mini-excavators, and truck cranes in the Sichuan-Chongqing region is approximately 7-10%. Post-earthquake reconstruction after the earthquake It will further promote sales of the aforementioned construction machinery in the Sichuan-Yunnan region.

From the perspective of the impact on listed companies in the machinery industry, since most of the listed companies are located outside Sichuan, daily operations are less affected by the earthquake, including Tianma Bearing Co., Ltd., a subsidiary of Tianma. The company is located in Sichuan. According to our understanding, due to the impact of the earthquake, Chengdu Tianma has stopped production, but there are no casualties and equipment damage.

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