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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
SANY INT'L: PROFIT WARNINGONE-OFF IMPAIRMENT LOSSES
SANY INT'L (00631.HK) appoints Zhou Lan as an independent non-executive Director.
Gelonghui reported on December 11 that SANY INT'L (00631.HK) announced that Ms. Zhou Lan has been appointed as an independent non-executive Director, as well as a member of the company's nomination committee and the ESG committee, effective from December 11, 2024.
The 7.8% Return This Week Takes Sany Heavy Equipment International Holdings' (HKG:631) Shareholders Five-year Gains to 121%
