SANY HEAVY IND (06031) Rises Over 4% in Afternoon Trading as Overseas Expansion Gains Momentum

Stock News12-02

SANY HEAVY IND (06031) surged more than 4% in afternoon trading, reaching HK$21.48 with a turnover of HK$64.17 million by press time.

Industry data from the China Construction Machinery Association showed October excavator sales reached 18,096 units, marking a 7.77% year-on-year increase. Domestic sales grew 2.44% to 8,468 units while exports jumped 12.9% to 9,628 units.

Analysts note the synchronized recovery in both domestic and international markets, with overseas business now contributing over 70% of profits for most industry players. As a leading construction machinery manufacturer, SANY HEAVY IND maintains competitive advantages through its global footprint and electrification initiatives. The company's core excavator products demonstrate strong market positioning, with analysts anticipating accelerated revenue growth as domestic demand bottoms out and replacement cycles approach while overseas markets continue structural expansion.

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