--- title: "Excavator sales have rebounded significantly! GF Engineering Machinery ETF (560280) rose over 2%" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/40454701.md" description: "On May 6th, the three major A-share indices collectively surged, with nearly 4,000 stocks rising across the entire market. In terms of sector performance, the construction machinery sector experienced volatile gains, with the CSI Construction Machinery Theme Index soaring 2.64%. The construction machinery industry's prosperity continues to rise, and the dual-driver logic of domestic and external demand is accelerating its realization. According to data from the China Construction Machinery Association, in the first quarter of 2026, major excavator manufacturers sold a total of 73,336 excavators, a year-on-year increase of 19.5%. Among these, 33,757 units were exported, a significant year-on-year surge of 36.1%..." datetime: "2026-05-06T04:35:10.000Z" locales: - [en](https://longbridge.com/en/topics/40454701.md) - [zh-CN](https://longbridge.com/zh-CN/topics/40454701.md) - [zh-HK](https://longbridge.com/zh-HK/topics/40454701.md) author: "[同壁财经](https://longbridge.com/en/profiles/26505347.md)" --- # Excavator sales have rebounded significantly! GF Engineering Machinery ETF (560280) rose over 2% On May 6th, the three major A-share indices collectively surged, with nearly 4,000 stocks rising across the entire market. In terms of sectors, the construction machinery sector experienced volatile gains, with the CSI Construction Machinery Theme Index soaring by 2.64%. The construction machinery industry's prosperity continues to rise, with the dual-driver logic of domestic and external demand accelerating its realization. According to data from the China Construction Machinery Industry Association, in the first quarter of 2026, major excavator manufacturers sold a total of 73,336 excavators, a year-on-year increase of 19.5%. Among these, exports reached 33,757 units, a significant year-on-year increase of 36.1%. The single-month data for March was even more impressive: sales of various types of excavators reached 37,402 units, a year-on-year increase of 26.4%, with domestic sales growing by 23.5% year-on-year and exports growing by 32% year-on-year, indicating strong performance in both domestic and international sales. On the policy front, funding for the "Two New" (new types of urbanization and new infrastructure) equipment renewal is accelerating its implementation. The second batch of 91.5 billion yuan in ultra-long-term special treasury bonds to support equipment renewal funds has recently been allocated. Combined with the previously arranged 93.6 billion yuan, a total of 185.1 billion yuan has been allocated for "Two New" equipment renewal funds this year. Driven by the equipment renewal policy, investment in equipment, tools, and instruments in the first quarter increased by 13.9% year-on-year, contributing 2.3 percentage points to overall investment growth. Meanwhile, a series of major engineering projects are intensively advancing, special bond issuance is front-loaded, and construction is accelerating, directly boosting demand for construction machinery procurement. Brokerage firms are generally optimistic about the subsequent performance of the construction machinery sector. Kaiyuan Securities pointed out that the construction machinery industry is gradually entering a new upward cycle. Leading original equipment manufacturers (OEMs) have seen a relatively rapid recovery in revenue and profit growth in recent years, with continuously improving profitability, solid and robust asset quality, and a sustained positive trend in cash flow, indicating a persistent inflection point in performance. CITIC Securities also released a research report stating that although foreign exchange factors affected the Q1 performance of construction machinery companies, their domestic and export sales performance remained strong. The institution expects the domestic market to achieve growth of over 10% in 2026, with exports expected to grow by over 15%, indicating a continued upward resonance between domestic and external demand. As of 10:23, the GF Construction Machinery ETF (560280) rose by 2.53%, with intraday turnover exceeding 150 million yuan, indicating active trading. Among its heavyweight constituents, Weichai Power hit the daily limit-up, XCMG fell by 0.1%, Sany Heavy Industry rose by 0.34%, Hengli Hydraulics fell by 1.24%, Zoomlion fell by 0.88%, Jianghuai Automobile rose by 3.84%, Liugong rose by 0.1%, Zhongchuang Zhiling fell by 3.32%, Hangcha Group fell by 0.92%, and Anhui Heli rose by 0.61%. As of the previous trading day, the GF Construction Machinery ETF (560280) continued to attract capital inflows, with a net inflow of 156 million yuan on the previous trading day and over 270 million yuan "absorbed" in the past five days. The fund's average daily turnover in the past month was 180 million yuan, ranking first among its peers, with active on-exchange trading and prominent advantages in scale and liquidity. The GF Construction Machinery ETF (560280) closely tracks the CSI Construction Machinery Theme Index. This index selects 50 representative listed company securities whose businesses are involved in the construction machinery field, including complete machine manufacturing and parts manufacturing. The top five constituent stocks are XCMG, Sany Heavy Industry, Weichai Power, Hengli Hydraulics, and Zoomlion, all of which are leading enterprises with global competitiveness. The fund's management fee rate is 0.50% per year, and its custody fee rate is 0.10% per year. To gain one-click exposure to leading construction machinery companies, pay attention to the GF Construction Machinery ETF (560280), with its off-exchange feeder funds (Class A: 020903; Class C: 020904). ### Related Stocks - [601100.CN](https://longbridge.com/en/quote/601100.CN.md) - [01157.HK](https://longbridge.com/en/quote/01157.HK.md) - [600761.CN](https://longbridge.com/en/quote/600761.CN.md) - [02338.HK](https://longbridge.com/en/quote/02338.HK.md) - [000425.CN](https://longbridge.com/en/quote/000425.CN.md) - [000528.CN](https://longbridge.com/en/quote/000528.CN.md) - [06066.HK](https://longbridge.com/en/quote/06066.HK.md) - [600418.CN](https://longbridge.com/en/quote/600418.CN.md) - [06031.HK](https://longbridge.com/en/quote/06031.HK.md) - [600031.CN](https://longbridge.com/en/quote/600031.CN.md) - [00564.HK](https://longbridge.com/en/quote/00564.HK.md) - [603298.CN](https://longbridge.com/en/quote/603298.CN.md) - [000157.CN](https://longbridge.com/en/quote/000157.CN.md) - [000338.CN](https://longbridge.com/en/quote/000338.CN.md) - [601066.CN](https://longbridge.com/en/quote/601066.CN.md) - [601717.CN](https://longbridge.com/en/quote/601717.CN.md)