According to Zhitong Finance APP, Sany Int'l (00631) fell over 3% again, as of the time of writing, down 3.46%, trading at 4.75 HKD, with a transaction amount of 11.8701 million HKD.

In terms of news, recently, Sany Int'l released its results for the nine months ending September 30, 2023, with the group achieving revenue of 15.91 billion yuan (RMB, the same below), an increase of 0.5% year-on-year; net income attributable to shareholders was 1.34 billion yuan, a decrease of 21.6% year-on-year. Zheshang Securities believes that the company's net income attributable to the parent decreased by 21.6% in the first three quarters, mainly due to the decline in net income from the machinery sector.

CSC pointed out that in the third quarter of 2024, the company's traditional businesses face varying degrees of pressure, with the mining machinery sector experiencing a decline in domestic coal machinery revenue due to the downturn in the domestic coal machinery industry. The logistics equipment sector also saw a slower growth rate due to product delivery issues. Although emerging business sectors still face losses, the extent of these losses has weakened. Looking forward, the company's overseas development global strategy continues to be promoted, with significant growth potential for new products like large mining trucks and telescopic forklifts, with a bullish outlook on the company's growth as the emerging businesses mature.