【Equipment Updates + Export Dual Drivers! Construction Machinery ETF Huaxia (515970) Consolidating, Long-term Boom Logic Unchanged】

GateUser-bd883c58 · 2026-03-23T12:57:37+00:00

On March 19th, China's three major stock indices fell broadly, with the Shanghai Composite Index down 0.93%. Despite strong performance in sectors like coal, the Huaxia Engineering Machinery ETF dropped 2.68%. Over the next decade, the off-road vehicle telematics market is expected to grow significantly, driving a recovery in the engineering machinery industry, with export growth looking particularly promising.

GateUser-bd883c58

2026-03-23 12:57:37

Abstract generation in progress

On the morning of March 19, the three major A-share indices all declined. The Shanghai Composite Index fell 0.93% during trading. The sectors with the largest gains included coal, utilities, and communications, while non-ferrous metals and steel saw the biggest declines. The engineering machinery sector showed mixed performance. As of 10:50 AM, the China Asset Management Engineering Machinery ETF (515970.SH) dropped 2.68%, with its constituent stock Changling Hydraulic hitting the daily limit! However, LianDe Shares and Weichai Power performed poorly, with declines of -7.21% and -4.69%, respectively.

According to Future Market Insights, the global non-road vehicle remote information processing market is projected to grow from $765 million in 2026 to $3.486 billion in 2036, with an annual growth rate of 16.4%. OEM embedded solutions dominate the market, with cellular connectivity accounting for 75%. Emerging markets like China and India are experiencing rapid growth.

Huachuang Securities states that the demand for equipment upgrades and machine replacements is gradually increasing, jointly driving the continuous recovery of the domestic engineering machinery industry. Since the second half of 2025, the export growth rate of excavators has shown signs of sustained improvement. The overseas mining sector remains prosperous, global liquidity is warming, infrastructure and real estate demand are gradually recovering, and Chinese companies’ ongoing overseas expansion is increasing market penetration.

The China Asset Management Engineering Machinery ETF (515970) closely tracks the CSI Engineering Machinery Theme Index, allowing investors to easily allocate to leading companies across the industry chain and benefit from the industry’s upward trend. The fund’s management fee is 0.15% per year, and the custodial fee is 0.05% per year, making it one of the lowest among similar products.

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