HK Stock Market Move | SANY INT'L(00631) rises more than 6%, rapid growth in oil and gas and emerging businesses, institutions say its second growth curve progress is impressive.

SANY INT'L (00631) rose more than 6%, at the time of writing, it rose by 6.06%, to 7.53 Hong Kong dollars, with a turnover of 130 million Hong Kong dollars. On the news front, Galaxy Securities previously pointed out that although the company's domestic mining business has been affected by factors such as coal production restrictions, overseas products such as electric wheel loaders in the Republic of Congo continue to maintain good growth. The oil and gas equipment and emerging businesses are growing rapidly, with sufficient orders for new businesses such as silicon energy and smart mines, and significant progress in the second growth curve. At the same time, the company's gross profit margins for large and small port machinery and oil and gas equipment have all improved, cost control effects are significant, and operational quality has significantly improved. It is believed that the company can continue to achieve impressive results under the guidance of globalization, digitalization, and decarbonization strategies. CMSC pointed out that SANY INT'L is a leading manufacturer of heavy equipment such as mining machinery and port machinery in China, and actively undertakes the group's future layout of emerging industries such as silicon energy, lithium energy, hydrogen energy, and intelligent driving. The bank believes that against the backdrop of global port expansion + automation transformation, steady growth in mining equipment demand, and narrowing losses in emerging sectors, the company's performance is expected to continue to grow.