HK Stock Market Move | SANY INT'L (00631) rose more than 3% in the afternoon, up more than 60% in the past month. The company's mining truck business will continue to make progress.

SANY INT'L(00631) afternoon rose more than 3%, with the stock price accumulating an increase of over 60% in the past month. As of press time, it rose by 3.54% to HK$15.52, with a trading volume of HK$73.9115 million. In terms of news, a report from Lyon Research pointed out that China's industrial sector is experiencing three key drivers in the background of the continuous promotion of anti-insularity policies, including the increase in demand for mining equipment, the maturation of the humanoid robot supply chain, and the consolidation of the express delivery industry. In terms of core business, the bank expects the equipment replacement cycle to continue, coupled with high investments in the power grid and renewable energy, will drive excavator sales growth by about 10%. The bank prefers companies with stable or recovering core businesses that can also benefit from emerging drivers. CMB International believes that SANY INT'L's mining truck business will continue to make progress, and expects this business to contribute 15% to 16% of total revenue between 2026 and 2027, with large mining trucks of high value and profitability maintaining high growth. Additionally, the bank believes that the company's large port machinery business will see a growth in revenue and improved profit margins with a backlog of orders of over 12 months, providing a high level of certainty.