HK Stock Market Move | SANY INT'L (00631) rose more than 5% in the morning, overseas large mining trucks entered an upward period, the company's overseas mining truck orders are full.

SANY INT'L (00631) rose more than 5% in the morning, at the time of writing, it rose 5.34%, to 12.83 Hong Kong dollars, with a turnover of 80.4932 million Hong Kong dollars. According to SANY INT'L's annual report, the company achieved operating income of 24.3 billion yuan for the full year, an increase of 11% year-on-year; net profit attributable to shareholders was 1.78 billion yuan, an increase of 61% year-on-year. Among them, SANY INT'L's overseas business income was 9.234 billion yuan, an increase of 13% year-on-year. CICC released a research report stating that the company's internationalization continues to expand, and overseas large mine truck is entering an upward phase. The bank pointed out that with the continuous increase in metal prices, capital expenditure in overseas non-ferrous mining may increase. The company's large mine truck products have been expanding for several years and have entered the stage of customer mass production. Recently, the company's overseas mine truck orders are full, and we believe that overseas mine trucks will be an important driver of the company's growth in the coming years.