Changes in Hong Kong stocks | Construction machinery stocks rose in the afternoon, domestic and foreign sales of excavators continued to exceed expectations in June, and the domestic industry price war slowed down

The Zhitong Finance App learned that construction machinery stocks rose in the afternoon. As of press release, Sany Heavy Industries (06031) rose 9.74% to HK$20.06; Morimatsu International (02155) rose 4.27% to HK$7.57; China Dragon Industries (03339) rose 2.81% to HK$2.93; and Zoomlion Heavy Industries (01157) rose 0.73% to HK$6.86.

According to the news, according to statistics from the China Construction Machinery Industry Association, 25,445 excavators of various types were sold in June, an increase of 35.3% over the previous year. Among them: domestic sales volume was 10,898 units, up 33.9% year on year; 14,547 units were exported, up 36.4% year on year. Furthermore, starting May 1, Sany, Xugong, Liugong, Shantui and other companies announced price increases for excavators by about 5%, while Sany and XCMG will also increase prices for crane products.

CITIC Construction Investment pointed out that domestic and foreign sales of excavators continued to exceed expectations in June. Domestic sales of excavators showed a clear backward trend in the peak season this year, because this year's Spring Festival is late compared to last year, and domestic excavators have recovered a high year-on-year positive growth since March, and it is expected to continue to grow in the future. Exports maintained strong performance. They were not disturbed by the international situation, changes in tariffs, interest rate cuts, etc., and China's construction machinery growth trend was maintained. The price increases of leading domestic companies reflect a slowdown in the price war in the industry since the beginning of the year and a shift towards healthy development.