Changes in Hong Kong stocks | China Longgong (03339) rose more than 4%, leading the way for heavy machinery stocks, domestic sales of heavy machinery stocks in March slightly exceeded CME expectations, driving or releasing demand for renewal

The Zhitong Finance App learned that heavy machinery stocks are generally rising. As of press release, China Dragon Gong (03339) rose 4.08% to HK$1.53; Sany International (00631) rose 3.53% to HK$5.28; and Morimatsu International (02155) rose 2.15% to HK$4.27. According to the news, according to statistics from the China Construction Machinery Industry Association on major excavator manufacturers, 24,980 excavators of various types were sold in March, down 2.34% year on year. Among them, 15,188 units in China were sold, up 9.27% year on year, higher than the 6% growth rate previously expected by CME. According to Haitong International, it was excavated in March

Zhitong FinanceApr 16 23:52 ET

After the six construction machinery companies made a combined annual profit of 16.34 billion yuan...

Overseas business wins and losses.

Zhitong FinanceApr 11 04:54 ET

Changes in Hong Kong stocks | China Longgong (03339) is now up nearly 5%, and industry demand is expected to marginally repair the company's overseas revenue share of nearly 30%

The Zhitong Finance App learned that China Dragon Gong (03339) is now up nearly 5%. As of press release, it has risen 4.93% to HK$1.49, with a turnover of HK$21.5313 million. Everbright Securities released a research report saying that currently the construction machinery industry is still bottoming out. Considering that the effects of macroeconomic policies are lagging behind, construction machinery is currently at the bottom of demand. In the future, with the underpinning effect of the policy, equipment utilization is expected to pick up, demand in the construction machinery industry is expected to be marginally repaired, and the company is expected to benefit deeply as a leading domestic construction machinery company. The bank pointed out that due to insufficient supply of production capacity in overseas markets

Zhitong FinanceApr 11 02:04 ET

Hong Kong Stock Concept Tracking | Equipment Renewal Policy Promotes Construction Machinery Sector Receives Capital Inflow (with concept stocks)

Recently, seven departments of the General Administration of Market Regulation, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Ecology and Environment, the Ministry of Housing, Urban-Rural Development, the Ministry of Commerce, and the Ministry of Emergency Management jointly issued the “Action Plan for Upgrading Traction Equipment and Consumer Goods Trade-in with Standards” to make specific arrangements for implementing the spirit of the fourth meeting of the Central Committee on Finance and Economics and the “Action Plan to Promote Large-scale Equipment Renewal and Consumer Goods Trade-in”. Propose actions to raise standards, adhere to standard leadership and orderly upgrading, strengthen standard comparison, optimize system construction, and speed up the formulation and revision of standards in the fields of energy saving, carbon reduction, environmental protection, safety, and recycling by 2025

Zhitong FinanceApr 10 22:15 ET

China Construction Machinery Industry Association: Sales of 24,980 excavators of various types fell 2.34% year on year in March 2024

March 2024 Construction Machinery Industry Major Product Sales Report

Zhitong FinanceApr 8 09:02 ET

China Dragon Gong (03339) will pay a final 2023 dividend of HK8 cents per share on July 31

China Dragon Gong (03339) announced that it will pay a final 2023 dividend of 8 Hong Kong per share on July 31, 2024...

Zhitong FinanceApr 3 07:11 ET