Hong Kong Stock Connect Movement | Sany International (00631) rose over 3% in the afternoon. The stock has gained more than 60% in the past month. The company's mining truck business will continue to make progress.

2026-02-23 11:50:20

CITIC Securities APP learned that Sany International (00631) rose over 3% in the afternoon, with the stock price increasing by more than 60% over the past month. As of the latest report, it was up 3.54%, trading at HKD 15.52, with a turnover of HKD 73.9115 million.

On the news front, a Credit Suisse research report pointed out that under the continued promotion of anti-involution policies, three major key drivers are emerging in China’s industrial sector, including increased demand for mining equipment, the maturity of humanoid robot supply chains, and industry consolidation in express delivery. Regarding core business, the bank expects equipment replacement cycles to continue, coupled with record-high investments in power grids and renewable energy, which will drive excavator sales growth of about 10%. The bank favors companies with stable or recovering core businesses that can benefit from emerging drivers.

CMB International stated that it believes Sany International’s mining truck business will continue to make progress, and it is expected that this business will contribute 15% to 16% of total revenue between 2026 and 2027. However, the bank expects high-value and higher-margin large mining trucks to maintain high growth. Additionally, the bank believes that due to order backlogs of over 12 months, the revenue growth and profit margin improvement of the company’s large port machinery business are highly certain.

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