HK Stock Market Move | Construction machinery stocks are all on the rise. In the first two months, the export value of construction machinery increased by 33.4%. Institutions point out that exports have become a core drive.

Engineering machinery stocks are all on the rise. As of press time, Sinotruk Jinan Truck (03808) was up 6.29% at HK$41.22, LONKING (03339) was up 5.35% at HK$3.15, SANY INT'L (00631) was up 4.71% at HK$11.57, and ZOOMLION (01157) was up 3.35% at HK$8.94. In terms of news, data from the China Construction Machinery Industry Association shows that in the first two months of 2026, China's engineering machinery import and export trade volume was $11.072 billion, a year-on-year increase of 31.4%, with exports amounting to $10.686 billion, a year-on-year increase of 33.4%. GF Securities stated that, domestically, there is strong post-holiday resumption of work, with improvements in the growth rate of excavators. In terms of exports, global demand is accelerating, with the mining industry in Africa and the recovery in Europe and America overlapping, leading to gradual resonance within and outside the industry. Huaxin Securities released a research report stating that the excavator industry has shifted from being "domestically dominant" to being driven by both "exports and domestic sales". The proportion of exports is expected to remain stable at around 50% by 2025, and has significantly increased in early 2026. The export of loaders continues to grow rapidly, with exports accounting for over half of the industry's total sales since 2026, indicating strong overseas market demand and becoming the main growth driver for the industry. Domestic sales saw double-digit growth in the first two months of 2026, indicating a good trend of dual-drive development in both domestic and export markets and structural optimization of the overall market.