LONKING News

China Construction Machinery Industry Association: From January to February, the import and export trade volume of construction machinery in our country increased by 7.27% year-on-year.

According to customs data, in January 2025, China's Construction Machinery import and export trade amounted to 4.923 billion US dollars, a year-on-year increase of 14.1%.

Zhitong FinanceMar 22 09:17

Brokerage morning meeting highlights: The effect of the real estate market stabilizing after the decline may gradually become apparent, and the Industry valuation may rise.

At today's Brokerage morning meeting, HTSC proposed that the enhancement of Technology attributes may elevate the valuation levels of symbols related to the gaming Industry; Soochow believes that the short-term adjustment in the Construction Machinery Sector does not change the positive trend for the entire year; Galaxy Securities stated that the effects of the real estate market stabilizing may gradually become apparent, and the Industry valuation may rise.

cls.cnMar 19 08:24

Brokerage morning meeting highlights: There is still significant room for improvement in China Consumer, with service consumption having more space than Commodity consumption.

At today's Brokerage morning meeting, Tianfeng stated that Hong Kong stocks still have appeal for mainland investors from a configuration perspective; China Securities Co.,Ltd. predicted that the growth momentum of construction machinery domestic sales is expected to continue in March; China International Capital Corporation believes that there is still significant room for improvement in Consumer spending, and the space for service consumption is greater than that for Commodity consumption.

cls.cnMar 13 08:25

New round of cycle starting point? In February, the excavator domestic sales data "exploded" while the main machine manufacturers remain "calm" | Industry observation

① In February of this year, domestic excavator sales increased by 99.4% year-on-year; exports increased by 12.7% year-on-year. ② In Q1, the production scheduling of upstream supporting manufacturers grew rapidly year-on-year, and this year may enter a new rising cycle.

cls.cnMar 10 21:42

Hong Kong stocks fluctuated丨Heavy Equipment stocks continued to be active, ZOOMLION rose over 4% at the opening, and MORIMATSU INTL recorded a 6-day consecutive rise.

On March 10, Gelonghui reported that Hong Kong's Heavy Equipment stocks continued to rise actively, with ZOOMLION rising over 4% in early trading. MORIMATSU INTL recorded a six-day winning streak, both reaching new highs for the period. LONKING, First Tractor, and SINOTRUK also saw some gains. In terms of news, this year's government work report further released Bullish Signals to support "two major" constructions with greater efforts. Moreover, after the Spring Festival, related companies in the Construction Machinery sector have observed signs of recovery in Orders, and with the commencement of several major Infrastructure projects this year, the order volume for machinery manufacturers is expected to rise. Some new policies mentioned in the government work report could inject funds into domestic Infrastructure and engineering projects.

Gelonghui FinanceMar 10 10:41

Hong Kong Stock Concept Tracking | In February, the sales of various types of excavators by enterprises increased by 52.8% year-on-year, and the recovery cycle of the Construction Machinery Industry has accelerated (attached concept stocks).

In February, major manufacturing companies sold 19,270 various types of excavators, a year-on-year increase of 52.8%.

Zhitong FinanceMar 10 09:52

Hong Kong stock Concept tracking | The busy season for Construction Machinery starts, signs of recovery in domestic sales in the Industry are emerging (including concept stocks)

On March 5, the A-share Construction Machinery Sector performed strongly, with several individual stocks showing significant gains. In addition to Guangxi Liugong Machinery (000528.SZ) reaching its daily limit, Shantui Construction Machinery (000680.SZ), Sany Heavy Industry (600031.SH), and XCMG Construction Machinery (000425.SZ) also all rose.

Zhitong FinanceMar 6 07:20

Greater infrastructure support is "on the way". How elastic are the orders in the Construction Machinery Industry?

① This year's government work report further releases Bullish Signals, supporting "two重" construction with greater intensity; ② Orders for related Construction Machinery companies show signs of recovery after the Spring Festival, and after the start of several major Infrastructure projects this year, the order volume for machinery manufacturers is expected to rise.

cls.cnMar 5 22:18

Hong Kong stocks fluctuated | Construction Machinery stocks surged in the morning session, with the 25-year special bond expected to reach a record high of 4.4 trillion yuan, and the project commencement situation is gradually improving after the holidays

Construction Machinery stocks surged in the early session. As of the time of reporting, ZOOMLION (01157) rose by 8.03%, priced at 6.46 Hong Kong dollars; SINOTRUK (03808) increased by 2.96%, priced at 22.6 Hong Kong dollars; LONKING (03339) went up by 1.72%, priced at 1.77 Hong Kong dollars; SANY INT'L (00631) saw an increase of 1.68%, priced at 4.84 Hong Kong dollars.

Zhitong FinanceMar 5 10:33

[Brokerage Focus] China Securities Co., Ltd.: January sales of excavation machinery performed better than expected, and it is anticipated that from this year on, Construction Machinery will likely continue to grow well overseas.

Jinwu Financial News | China Securities Co., Ltd. stated that in January, the sales of earth-moving machinery exceeded expectations. Despite the impact of the Spring Festival, the overall sales of excavators and loaders in January achieved growth, with domestic sales remaining nearly flat and export sales slightly increasing, performing better than anticipated. Currently, overseas revenue accounts for nearly 50% of Construction Machinery companies, with some companies exceeding 50%, and the gross margin in overseas markets is higher than in the domestic market. Profits are primarily coming from overseas, and the company believes that future perspectives should focus more on overseas markets. Against the backdrop of interest rate cuts in the USA, there is a more Bullish outlook on non-U.S. overseas supply chains, with expectations that overseas sales of Construction Machinery will continue from 2025.

Jinwu Financial NewsFeb 17 08:43

LONKING (03339.HK) plans to hold a Board of Directors meeting on March 26 to approve the annual performance.

Glory Financial reported on January 24 that LONKING (03339.HK) announced that the Board of Directors meeting will be held on March 26, 2025, at the fifth floor of Jucai Building, No. 26, Minyi Road, Songjiang Industrial Zone, Shanghai, to consider and approve the financial performance report for the year ending December 31, 2024, and the payment of the final dividend (if any).

Gelonghui FinanceJan 24 22:04

LONKING: DATE OF BOARD MEETING

HKEXJan 24 21:55 · Announcements

Selected announcements | In 2024, CITIC SEC's Net income is nearly 22 billion yuan, a year-on-year increase of over 10%; invested 13.7 billion yuan! Zijin Mining Group takes over the control of Zangge Mining.

① How is CITIC SEC's net profit of nearly 22 billion yuan in 2024 growing? ② How large is CHINA RES POWER's annual photovoltaic power generation growth of over 140%?

cls.cnJan 20 07:55

Lonking Holdings Anticipates Up to 66% Higher Net Profit in 2024

MT NewswiresJan 17 18:24

In the "Earnings Alert," LONKING (03339.HK) expects that last year's net profit will increase by up to 66% year-on-year.

LONKING (03339.HK) has issued a profit warning, expecting a significant increase in net profit for the year ending December last year. The net profit during this period is estimated to be between 1 billion and 1.07 billion yuan, representing a year-on-year increase of 55% to 66%. The increase in net profit during this period is mainly due to the effectiveness of the group’s cost control measures and the sustained growth in export revenue, with the overall gross margin of products improving year-on-year; net income from financial assets has also grown year on year.

AASTOCKSJan 17 17:56

LONKING (03339.HK) expects annual Net income of approximately 1 billion yuan to -1.07 billion yuan, a year-on-year growth of 55% to 66%.

On January 17, Gelonghui reported that LONKING (03339.HK) announced a significant increase in net income expected for the year ending December 31, 2024, compared to the same period last year. The Board of Directors anticipates that net income during the reporting period will be approximately between 1 billion yuan and 1.07 billion yuan, an increase of 55% to 66% compared to the same period last year. The increase in net income during the reporting period is mainly due to (i) the group's effective quality improvement and cost control measures, along with sustained growth in export revenue, leading to an increase in the overall gross margin year-on-year; (ii) net gains from financial assets increasing year-on-year.

Gelonghui FinanceJan 17 17:44

LONKING: POSITIVE PROFIT ALERT

HKEXJan 17 17:42 · Announcements

[Brokerage Focus] Jianyin International assigns LONKING (03339) an "Outperform" rating, indicating that its overseas revenue has room for growth year after year.

Jinwu Financial News | Building International released a Research Report indicating that since the economic downturn in 2020, LONKING has entered a new profit growth cycle driven by efficiency improvements and export growth. From 2018 to the first half of 2024, the proportion of export income rose from 5% to 30%. With the continuous implementation of China's expansionary policies and the rebound in excavator sales, it is expected that the company's profits will grow by 27% in 2024 and by 10% in 2025. LONKING is an important enterprise in the Construction Machinery field, significantly positioned in the loader and forklift markets, ranking in the top two domestically for loaders and top five for forklifts. If spun off.

Jingwu Financial NewsJan 17 16:27 · Ratings

Goldman Sachs: Maintains a "Neutral" rating on LONKING (03339) with a Target Price of 1.6 Hong Kong dollars.

Goldman Sachs maintains a cautious attitude towards the demand cycle for Construction Machinery in the mainland.

Zhitong FinanceDec 20, 2024 10:58 · Ratings

Hong Kong stock concept tracking | Domestic excavator sales are better than cme expectations. Under the background of domestic demand expansion, the valuation of the construction machinery sector is undergoing a repair (with related concept stocks attache

In November 2024, the domestic sales of excavators increased by 20.5% year-on-year, continuing to grow, better than cme expectations.

Zhitong FinanceDec 10, 2024 10:01