To The Moon

Zoomlion Heavy Industry Science and Technology Co., Ltd. (01157) saw its shares rise over 5% again. At the time of writing, the stock was up 5.08%, trading at HKD 8.07, with a turnover of HKD 151 million. According to data from the China Construction Machinery Association, industry sales of loaders and excavators in November increased by 32% and 14% year-on-year, respectively. CMB International points out that Zoomlion's domestic machinery sales for October to November are estimated to have grown 20-30% year-on-year, a further acceleration from the 13% year-on-year growth seen in the third quarter of 2025. Overseas, the company's sales growth for October to November is also believed to have remained robust. The institution believes that mining machinery, particularly large mining excavators and large mining trucks, will become a major growth area for Chinese construction machinery manufacturers by 2026. This is primarily driven by the expectation that global mining companies' capital expenditures will remain high, benefiting from elevated metal prices, declining ore grades, and aging equipment. Furthermore, the overseas expansion of Chinese mining companies is expected to continuously drive demand for Chinese-branded equipment.