HK Stock Market Move | ZOOMLION (01157) rose nearly 3%, the equipment market in the mining sector is gradually expanding. Institutions are optimistic about the company's high growth in emerging businesses such as mining machinery.

ZOOMLION (01157) rose nearly 3%, at the time of writing, it rose 2.46%, to 7.5 Hong Kong dollars, with a turnover of 1440.29 million Hong Kong dollars. In terms of news, according to a research report from Zhijian Consulting, by 2024, the global market for transportation equipment in the mining sector is expected to increase from 172.9 billion yuan in 2020 to 226.3 billion yuan, with the proportion of mining equipment increasing from 29.49% in 2020 to 30.72%; it is expected that by 2025, the market size of transportation equipment in the global mining sector will reach 241.6 billion yuan, with the proportion of mining equipment expected to increase to 31.14%. Recently, ZOOMLION's large-tonnage construction cranes achieved a significant batch delivery in the West Manganese Mine area, and immediately entered the construction of core infrastructure in the mine area. The products included in this batch delivery include track cranes ZCC7200, ZCC3200V-1, and star wheel cranes ZRT600, ZRT700, ZTC850V, ZTC250V, etc. Huaxin Securities pointed out that ZOOMLION's business structure is diversified and synergistic, with breakthroughs in emerging businesses. The traditional construction machinery core business maintains a leading position, while emerging businesses such as high-altitude machinery and mining machinery show strong growth. The landing and promotion of smart Siasun Robot&Automation will form a dual-wheel drive pattern of "traditional + emerging".