HK Stock Market Move | Lonking (03339) surged more than 8% with the steady growth of production and sales scale. Net profit in the first half of the year is expected to increase by 27% year-on-year.

LONKING (03339) rose more than 8%, at the time of publication, it increased by 8.14%, to HK$3.19, with a turnover of HK$101.261 million. In terms of news, LONKING announced a profit increase in the first half of the year. The net profit for the first half of 2026 is expected to be between RMB 730 million and RMB 800 million, an increase of 16% to 27% year-on-year. This is mainly due to the group's vigorous development and improvement of various product series, continued expansion of the domestic and overseas markets, and steady growth in production and sales during the reporting period; the group's quality control work has achieved results, and the overall gross profit margin of products has increased year-on-year. Pacific Securities recently pointed out that domestic sales of excavators maintained high growth in June, and exports reached a record high for a single month, showing optimism for the future outlook of the domestic and overseas markets. We continue to be optimistic about the construction machinery sector.