LONKING (03339) surged over 5%, rising 5.17% to HK$3.05 at the time of writing, with trading volume reaching HK$95.34 million.

On the news front, according to statistics from the China Construction Machinery Industry Association, excavator sales (including exports) reached 16,523 units in August 2025, representing a 12.8% year-on-year increase. Domestic sales totaled 7,685 units, up 14.8% year-on-year, while export sales reached 8,838 units, up 11.1% year-on-year.

Guoyuan Securities stated that from the current perspective, the export segment shows that domestic leading enterprises still maintain strong competitive advantages from both supply and demand perspectives. The firm remains optimistic about the construction machinery industry's ability to maintain steady growth momentum going forward.

In the first half of this year, LONKING achieved revenue of RMB 5.596 billion, an increase of 69.67% year-on-year, with shareholders' attributable profit of RMB 632 million, up 37.83% year-on-year.

Everbright Securities believes the company's performance aligns with expectations and is well-positioned to benefit significantly from the recovery of China's construction machinery industry as well as the internationalization and electrification trends in construction machinery.