Changes in Hong Kong stocks | Zoomlion Heavy Industries (01157) rose more than 5% in November, excavator sales increased by nearly 14%. Institutions are optimistic that domestic and foreign demand in the industry will grow at the same time

The Zhitong Finance App learned that Zoomlion Heavy Industries (01157) rose more than 5% in the afternoon to a high of HK$8.09, a record high of nearly four and a half years. As of press release, it rose 4.55% to HK$8.04, with a turnover of HK$76.8019 million.

According to the news, according to the China Construction Machinery Industry Association, 20027 excavators of various types were sold in November 2025, an increase of 13.9% over the previous year. Its sales volume in China was 9842 units, up 9.1% year on year; export volume was 10,185 units, up 18.8% year on year.

According to a research report released by Caixin Securities, domestic and external demand in the excavator industry grew simultaneously in 2025, and the recovery trend was steady. On the domestic side, national superprojects continue to release large-scale and high-end demand, and the equipment renewal cycle supports domestic demand; on the overseas side, the European and American infrastructure and construction markets are recovering, demand for mining and infrastructure in Africa is strong, and domestic equipment uses competitive advantages to accelerate overseas penetration. Short-term construction indicators have improved month-on-month, the long-term growth logic is clear, and the profit quality of the industry is expected to improve. Combining positive changes in fundamentals and long-term growth potential, it maintains the industry's “leading market” rating.