The machinery industry believes that the emerging sub-sectors, from a short-term perspective, the machinery industry in the first half of 2012 is in a cycle of decline, affecting the valuation of engineering machinery and other cyclical companies and profit growth. In the medium term, after the growth of the past 10 years, the scale of domestic auto, real estate, steel, electric power, coal and other industries have been expanded to varying degrees. Important products in the machinery industry, such as power generation equipment, steel equipment, and large-scale power transmission and transformation equipment. , construction machinery, heavy mining machinery, etc. The space for the continued expansion of the major industrial sectors and the mechanical products serviced by them will be limited to varying degrees, and the demand will continue to encounter the risk of the emerging sub-sectors falling behind in the new cycle of the future.
