East Securities: Accelerated excavator exports in November, certainty of healthy development in the industry on the rise.

Oriental Securities released a research report stating that the export volume of excavators in November is accelerating, reflecting an increase in economic activity. From the perspective of export countries, the increase in export volume is mainly structural, reflecting the strengthening competitiveness of China's construction machinery industry, which is beneficial for increasing the certainty of future exports. In addition, the bank also observed that the export of second-hand machinery has had a significant impact, and it is expected to benefit the utilization rate of domestic assets, promoting long-term healthy growth for the industry. The bank believes that market expectations for the improvement of the industry's health will increase, resulting in a decrease in risk assessment and favoring investment opportunities in mid-cap and blue-chip companies. Some related stocks include Hengli Hydraulics, Sany, Zoomlion, and XCMG.