According to the Smart Finance app, Zhengzhou Coal Mining Machinery Group Co., Ltd. (00564) rose nearly 6% in the last trading session and rose 5.41% to HKD 8.97 at the time of publication, with a turnover of HKD 12.9474 million.

On the news front, on July 25th, the National Development and Reform Commission and the Ministry of Finance issued the "Several Measures to Support Large-scale Equipment Upgrade and Replacement of Consumer Goods with New Ones". Northeast Securities pointed out that overall, the new file sets up around RMB 300 billion ultra-long-term special treasury bond funds, clarifying the funding channels, responsible entities, and key support directions. It is expected that large-scale equipment upgrades will accelerate in the second half of the year, which is conducive to expanding effective investment and boosting related equipment investment demand.

Zheshang Securities pointed out that modern large coal mines have become the mainstream, leading to an increase in the concentration of upstream coal mining machinery industry. Changjiang Securities pointed out that from the sorting of historical data, the demand for coal mining equipment replacement and upgrading is more fully released in the interval where coal companies are profitable. At the same time, the construction of intelligent coal mines is rapidly advancing, and the continuous innovation and progress of intelligent coal mine technology, as well as the successive introduction of national policies for the construction of intelligent coal mines, provide important increments for the demand for coal mining equipment.