Construction machinery stocks generally rose in early trading. As of press release, Yituo shares (00038) rose 4.64% to HK$6.77; Zoomlion Heavy Industries (01157) rose 3.72% to HK$5.85; Weichai Power (02338) rose 2.22% to HK$16.6; and Sinotruk (03808) rose 1.61% to HK$22.15.
The Zhitong Finance App learned that construction machinery stocks generally rose in early trading. As of press release, Yituo Shares (00038) rose 4.64% to HK$6.77; Zoomlion Heavy Industries (01157) rose 3.72% to HK$5.85; Weichai Power (02338) rose 2.22% to HK$16.6; and Sinotruk (03808) rose 1.61% to HK$22.15.
According to the news, seven departments including the Ministry of Industry and Information Technology jointly issued the “Implementation Plan for Promoting Equipment Renewal in the Industrial Sector”. Accelerate the replacement of outdated and inefficient equipment. It is proposed that by 2027, the scale of equipment investment in the industrial sector will increase by more than 25% compared to 2023. For industries with overall production equipment such as industrial mother machinery, agricultural machinery, construction machinery, and electric bicycles, etc., we will accelerate the elimination of outdated, inefficient equipment and old equipment that has been out of service for an extended period of time.
Societe Generale Securities said it is expected that equipment renewal potential and potential energy will continue to be unleashed. Equipment updates will form a huge market with an annual scale of more than 5 trillion yuan, and the speed of equipment updates is expected to accelerate in the future. Judging from history, China's technological breakthroughs in the fields of aviation, shipping, artificial intelligence, etc., will drive the upgrading of traditional industries. Guojin Securities, on the other hand, pointed out that support policies drive domestic market demand, and continued to be optimistic about core links in the industrial chain such as numerical control systems, rolling functional components, and high-end machine tools for 24 years.