The Zhitong Finance App learned that CMB International released a research report stating that it reiterated the “buy” rating of Sany International (00631), with a target price of HK$13.2. The company announced expansion into the new energy lithium battery equipment manufacturing sector. The bank believes this move will be an important driving force for its growth.

The bank believes that with existing partnerships with lithium battery manufacturers and component manufacturing capabilities, Sany International will be able to break down barriers in the lithium battery equipment industry and successfully gain market share in the next few years. The company has set a target of 3 billion yuan in revenue by 2025. As the bank is still awaiting additional operating data to evaluate, its model does not yet reflect this potential performance contribution.