On May 28, Sany Heavy Industry (06031.HK) fell 3.09% in regular trading, trading at 19.70 HKD/share, with trading volume of 29.11 million HKD, extending its recent correction trend.
On the news front, the company reported Q1 revenue growth of 14.22% year-over-year to 24.147 billion yuan, but net profit attributable to shareholders rose only 0.46% to 2.481 billion yuan. The primary drag was approximately 800 million yuan in foreign exchange losses caused by unexpected RMB appreciation. The company acknowledged that hedging measures failed to fully offset currency volatility due to timing of hedge quota activation, export order cycles, and risk control principles balancing costs with operational realities. Meanwhile, institutional capital outflows have persisted, with over 700 million yuan in net outflows over five trading days. Within the Construction Machinery and Heavy Trucks sector, broad weakness is evident, with Sany International down 5.98%, Times Electric down 2.40%, Zoomlion down 2.29%, Sinotruk down 1.90%, and Weichai Power down 0.66%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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