HK Stock Market Move | ZOOMLION (01157) rises by over 4% again, with July excavator sales increasing by over 25% year-on-year. The company is deeply involved in the Ya Xia hydropower project.

ZOOMLION (01157) rose by over 4%, as of the time of publication, it has risen by 4.27% to HK$6.59, with a turnover of HK$73.3912 million. On the news front, according to statistics from the China Construction Machinery Industry Association on the main excavator manufacturing companies, sales of various excavators reached 17,138 units in July, an increase of 25.2% year-on-year. Among them, domestic sales reached 7,306 units, a year-on-year increase of 17.2%; exports reached 9,832 units, a year-on-year increase of 31.9%. From January to July, a total of 137,658 excavators were sold, an increase of 17.8% year-on-year. Soochow has released a research report stating that the construction machinery industry is currently in a stage of mild domestic demand recovery and stable export growth, with leading companies accelerating the release of performance elasticity based on their respective capabilities. In addition, on the morning of July 19, the groundbreaking ceremony of the Yalu Tsangpo downstream hydropower project was held in Nyingchi City, Tibet Autonomous Region, with a total investment of approximately 1.2 trillion yuan. On July 23, ZOOMLION responded on the investor interaction platform, stating that the company attaches great importance to and participates in the Yalu Tsangpo downstream hydropower project. Currently, the company's excavators, cranes, concrete and other equipment have entered the relevant construction sites; ZOOMLION has had a close cooperation with key parties involved in the Yalu Tsangpo Hydropower Project for many years; ZOOMLION has developed a complete set of green, intelligent, high-end, and high-altitude low-temperature construction equipment.