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Strong Week for Sany Heavy Equipment International Holdings (HKG:631) Shareholders Doesn't Alleviate Pain of Three-year Loss
Hong Kong Stock Concept Tracking | Domestic sales are recovering + export data has exploded again, the Construction Machinery Sector is experiencing a rebound in prosperity (with concept stocks attached).
Excavator sales have stopped declining and are on the rise, the Industry development environment is expected to continue improving.
Excavator sales have stopped declining and are showing signs of recovery; mutual demand for Construction Machinery inside and outside the market is expected to resonate in 2025.
Golden News | Recently, the China Construction Machinery Industry Association reported that major domestic excavator manufacturers sold a total of 201,100 excavators in 2024, representing a year-on-year increase of 3.13%. This ends three consecutive years of declining excavator sales. Among them, domestic excavator sales reached 110,543 units, an increase of 11.7% year-on-year, while excavator exports reached 110,588 units, a year-on-year decrease of 4.24%. After experiencing a three-year decline cycle, construction machinery enterprises represented by excavators are showing signs of recovery and entering an upward cycle trend in 2024. Soochow recently released a Research Report indicating a Bullish outlook.
SANY INT'L (00631) issues a profit warning, expecting annual net profit to be between 1.011 billion and 1.379 billion HKD, a year-on-year decrease of approximately 25% to 45%.
SANY INT'L (00631) announced that it expects the group's Oil & Gas equipment business for the year ending December 31, 2024...
Express News | Sany Heavy Equipment International - Net Profit for Year Expected RMB1,379.0 Mln
Express News | Sany Heavy Equipment International Sees Impairment Loss on Goodwill for Oil + Gas Equipment Business RMB470.0 Mln for Year
The 7.8% Return This Week Takes Sany Heavy Equipment International Holdings' (HKG:631) Shareholders Five-year Gains to 121%
