Construction machinery stocks are performing strongly. At the time of writing, SANY HEAVY IND (06031) is up 8.77%, trading at HK$24.32; ZOOMLION (01157) has risen 7.44% to HK$8.52; and LONKING (03339) is up 5.11% at HK$3.50.

Data from the China Construction Machinery Association shows that 28,745 excavators were sold in April 2026, a year-on-year increase of 29.8%. Domestic sales reached 16,920 units, up 34.9% year-on-year, while exports totaled 11,825 units, a 23.2% increase. For the period from January to April 2026, total excavator sales were 102,081 units, representing a 22.2% year-on-year growth. Domestic sales for this period were 56,499 units, up 15%, and exports were 45,582 units, a significant increase of 32.5%.

Analysts note that both domestic and export sales of excavators maintained a rapid growth trend in April. Furthermore, major manufacturers have recently announced price increases. SANY Heavy Machinery announced that it will raise the prices of its excavator products by 5% effective May 15, starting from the base date of May 1. On May 8, XCMG Excavator announced price increases of 3% to 5% for various excavator models, effective June 1. On the same day, Liugong announced a 5% price increase for its excavator products, effective May 20. Market observers suggest focusing on leading companies within the sector.