Jinwu Financial News | ZOOMLION (01157) saw its stock price continue to rise in the morning, reporting HKD 5.58 as of the time of writing, an increase of 4.69%, with a transaction volume of HKD 22.9377 million.

On the news front, Soochow Securities released a Research Report stating that in December 2024, sales of various types of excavators will reach 19,369 units, a year-on-year increase of 16%. Domestic sales are expected to be 9,312 units, a year-on-year increase of 22.1%; exports are projected to be 10,057 units, a year-on-year increase of 10.8%, with domestic sales meeting prior CME expectations and exports exceeding expectations.

Looking ahead to 2025, the domestic market is on an upward cycle, and excavator sales are expected to maintain about 10% growth; for the export market, the impact of regional elections is basically eliminated, coupled with a moderate economic recovery in major regions, the decline in excavator sales is expected to narrow significantly. Based on the continuous improvement of the Construction Machinery Industry’s prosperity in 2025, it is predicted that the revenue growth rate of core manufacturers will be around 15%, and profit growth will be around 20%, corresponding to the current valuation being relatively low, making it a cost-effective option for stable asset allocation.