Construction machinery stocks continued their upward trajectory. At the time of writing, Zoomlion Heavy Industry Science and Technology Co., Ltd. (01157) rose 5.37% to HK$9.03; China Longyuan Power Group Co., Ltd. (03339) increased 3.83% to HK$3.25; Sany International Holding Limited (00631) gained 2.38% to HK$12.03; and China National Heavy Duty Truck Group Co., Ltd. (Sinotruk) (03808) was up 2.02% to HK$36.44. According to data from the General Administration of Customs, China's total import and export value of construction machinery in 2025 reached $62.743 billion, reflecting a year-on-year increase of 13.2%. Specifically, imports amounted to $2.575 billion, down 0.63% year-on-year, while exports surged to $60.169 billion, marking a 13.8% increase. Excavators, as the primary complete machine export product in the construction machinery sector, maintained robust export momentum. Bohai Securities released a research report stating that with the sequential implementation of key projects in the construction sector and the continued positive impact of large-scale equipment renewal policies, the construction machinery industry's sentiment is steadily recovering. In terms of sales, excavator sales for the full year 2025 reached 235,300 units, a 17% year-on-year growth. Currently, leading domestic construction machinery OEMs are significantly accelerating their overseas expansion. Chinese construction machinery products possess strong competitiveness in various areas, including technological maturity and cost-effectiveness. The report continues to recommend focusing on the expansion into international markets.
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