HK Stock Market Move | Engineering machinery stocks lead the gains, with the export value of engineering machinery increasing year-on-year in September, and the performance of leading companies in the third quarter is expected to accelerate.

Engineering machinery stocks led the gains, as of press time, Sany Heavy Industry (06031) rose by 8.68% to HK$23.78; MORIMATSU INTL (02155) rose by 8.02% to HK$10.1; Sinotruk Jinan Truck (03808) rose by 3.47% to HK$26.26; ZOOMLION (01157) rose by 1.53% to HK$7.32. On the news front, according to data from the China Construction Machinery Industry Association, the trade volume of engineering machinery imports and exports in China reached US$5.505 billion in September 2025, a year-on-year increase of 29.1%. Specifically, imports were US$234 million, a year-on-year increase of 18.5%; exports were US$5.271 billion, a year-on-year increase of 29.6%. Guoyuan stated that at the current point in time, we believe that domestic leading companies still have a strong competitive advantage in the export market. We are optimistic that the engineering machinery industry will continue to maintain steady growth. Zheshang released a research report stating that considering the improvement in the overseas market share of engineering machinery, the gradual initiation of domestic replacement cycles, and the low base effect in the second half of 2024, it is expected that the overall performance of leading engineering machinery companies in the third quarter is likely to accelerate.