HK Stock Market Move | LONKING (03339) surged over 8%, expecting a maximum growth of 27% in net profit for the first half of the year, as the industry continues to improve.

LONKING (03339) rose over 8%, and as of the time of writing, it was up 8.31% at HKD 3.195, with a trading volume of HKD 25.2533 million. In terms of news, LONKING previously announced a positive profit forecast for the first half of the year, expecting a net profit of RMB 730 million to RMB 800 million, representing a year-on-year increase of 16% to 27%. This is mainly due to the Group's vigorous development and enhancement of various product lines and continuous expansion into domestic and overseas markets, resulting in steady growth in production and sales during the reporting period. The Group's quality improvement and cost control efforts have also achieved results, leading to a year-on-year increase in the overall gross profit margin of its products. According to statistics from the China Construction Machinery Industry Association, excavator sales in July 2026 reached 19,521 units, a year-on-year increase of 13.9%; among these, 11,913 units were exported, marking a 21.2% increase year-on-year, with exports accounting for about 61%, a record high. Loader sales totaled 11,774 units, showing a year-on-year growth of 30.8%. From January to July, cumulative excavator sales increased by 24.8% year-on-year, indicating a continued improvement in industry conditions. The Pacific Securities firm remains optimistic about the ongoing upward trend in both domestic and international markets, continuing to have a positive outlook on the construction machinery sector.