Zoomlion Heavy Industry Science and Technology Co., Ltd. (01157) saw its shares decline by more than 4%, falling 3.88% to HK$7.92 by the time of writing, with a trading turnover of HK$54.0434 million. The company reported its first-quarter financial results for 2026, showing revenue of RMB 12.952 billion, a year-on-year increase of 6.89%. However, net profit attributable to shareholders dropped by 37.30% to RMB 884 million, and adjusted net profit excluding non-recurring items fell by 31.14% to RMB 602 million. Bohai Securities noted that after adjusting for currency exchange and land disposal effects, net profit attributable to shareholders actually increased by over 50% year-on-year, while adjusted net profit excluding exchange impacts rose by more than 30%. Citigroup had earlier removed Zoomlion from its "90-Day Positive Catalyst Watch List," anticipating that the company’s first-quarter performance would be weakened by foreign exchange losses. The bank warned of short-term downside risks but maintained a "Buy" rating with a target price of HK$10.8, citing a more optimistic outlook for late-cycle products such as lifting and concrete machinery.