HK Stock Market Move | Sany Heavy Industry (06031) rose more than 4% in the afternoon, and the trend of engineering machinery going overseas is obvious. The company's international layout is leading.

Sany Heavy Industry (06031) rose more than 4% in the afternoon, as of the time of writing, it increased by 4.07% to 21.48 Hong Kong dollars, with a turnover of 64,168.1 million Hong Kong dollars. On the news front, data from the China Construction Machinery Industry Association shows that in October, sales of various types of excavators reached 18,096 units, a year-on-year increase of 7.77%, with domestic sales reaching 8,468 units, a year-on-year increase of 2.44%; and export sales reaching 9,628 units, a year-on-year increase of 12.9%. China Securities Co., Ltd. pointed out that at the current point in time, the logic of resonance between domestic and foreign sales of construction machinery has been continuously verified, and it is necessary to pay more attention to overseas monthly data tracking, with profits from overseas business of most enterprises accounting for more than 70%. Founder released a research report stating that Sany Heavy Industry, as a leading company in the construction machinery industry, is leading in internationalization and electrification, with obvious advantages in products, channels, and service terminals. Its flagship product, excavators, has a stable position and strong competitiveness. With the domestic industry demand bottoming out and the industry update cycle gradually coming, the overseas market continues to maintain structured growth, and the company's revenue and performance are expected to accelerate upwards.