The Zhitong Finance App learned that heavy machinery stocks are generally rising. As of press release, China Dragon Gong (03339) rose 4.08% to HK$1.53; Sany International (00631) rose 3.53% to HK$5.28; and Morimatsu International (02155) rose 2.15% to HK$4.27.

According to the news, according to statistics from the China Construction Machinery Industry Association on major excavator manufacturers, 24,980 excavators of various types were sold in March, down 2.34% year on year. Among them, 15,188 units in China were sold, up 9.27% year on year, higher than the 6% growth rate previously expected by CME. According to Haitong International, domestic excavator sales increased year-on-year in March, and the year-on-year decline in foreign sales narrowed. Various ministries and departments have introduced a series of policies, and demand for excavators is expected to improve marginally.

Donghai Securities said that recently, relevant policies involving large-scale equipment upgrades have been intensively introduced to push out old models, and demand for construction machinery renewal is expected to be fully released. In terms of export sales, the overseas market is progressing steadily. As the pressure on the high base gradually eases and the superposition strategy progresses steadily, the growth rate of construction machinery exports may recover in the second half of the year, and overseas markets will continue to contribute to the increase.