The Zhitong Finance App learned that construction machinery stocks had the highest gains. As of press release, Zhonglian Heavy Industries (01157) rose 4.53% to HK$6.23; Yituo shares (00038) rose 3.39% to HK$9.14; Sany International (00631) rose 3.1% to HK$6.66; and China Longgong (03339) rose 2.05% to HK$1.49.

According to the news, CME estimates that the total sales volume of excavators in April was about 18,500 units, down about 1.5% from the previous year. The decline improved from month to month. Among them, domestic sales were 0.95 million units, which was basically the same as the previous year; export sales were 90,000 units, down 2.8% year on year, and the decline improved from month to month. Looking at the China Construction Machinery Market Index, the CMI for April was 102.93, a slight increase of 0.73% year on year and a decrease of 5.30% month over month. The index value contracted above 100, continuing the bottom recovery trend.

Shanghai Securities pointed out that demand in the construction machinery market is bottoming out and there are signs of an upward inflection point. As equipment renewal policies are promoted and treasury bond projects are implemented one after another to form a physical workload, it is expected to drive demand for related equipment, and domestic demand in the construction machinery market may enter a bottom-up phase. In addition, construction machinery companies still have a lot of room for improvement in the international market. Promoting product exports has been the main theme for 24 years, and domestic companies are expected to continue to seize market share with competitive advantages such as technology, products, and services.