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HK stocks surge | Construction machinery stocks rise collectively as large-scale equipment upgrades continue to be pushed forward. The expected excavator exports in July are turning positive for the first time.
Construction machinery stocks rose collectively in early trading. As of press time, Sinotruk (03808) rose by 11.44%, to HKD 19.68; Sany Int'l (00631) rose by 6.5%, to HKD 4.59; First Tractor (00038) rose by 6.49%, to HKD 6.73.
Zhitong Hong Kong Stock Early Access | In the first half of the year, the national total social electricity consumption was 4.66 trillion kilowatt-hours, a year-on-year increase of 8.1%. The three major U.S. stock indexes collectively plummeted.
In the first half of the year, the national total social electricity consumption reached 4.66 trillion kWh, a year-on-year increase of 8.1%.
Lonking Holdings Expects Higher Profit in H1 2024
Lonking Holdings Sees 1H Net CNY410M-Net CNY461M >3339.HK
Lonking (03339.HK) announced that it expects to increase its net profit for the first half of the year by 33% to 50%.
On July 24th, Gelunhui reported that Lonking, with the expected increase of net profit in the first half of 2024, will increase to approximately RMB 41 to RMB 46.1 million, a year-on-year increase of 33% to 50%. The increase in net profit during this reporting period is mainly due to (i) the group's efforts in improving quality and controlling costs, with the comprehensive gross margin of products increasing year-on-year; (ii) net income from financial assets increasing year-on-year.
Express News | Lonking - Expected Result Due to YoY Increase in Net Income From Financial Assets, Among Others
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