BRETON Defies Market Downtrend with Over 5% Surge Amid Strong Global Mining Machinery Demand

Stock News
02/13

BRETON (01333) rose more than 5% against the broader market trend. At the time of writing, the stock was up 4.7% to HK$21.36, with a turnover of HK$54.4697 million. A research report from Oriental Securities highlighted that increasing global geopolitical tensions are expected to strengthen countries' focus on securing supply chains and ensuring the stability of resource supplies. The mining machinery sector is set to benefit directly from rising capital expenditures, supporting sustained high industry momentum. Domestic mining machinery manufacturers hold a competitive edge in cost-effectiveness and customized equipment design. As the trend toward supply chain autonomy for resources gains traction, there is significant potential for global market share growth for Chinese mining machinery. Tianfeng Securities pointed out that BRETON plans to launch a new generation of unmanned mining trucks in 2025 and expand into overseas markets, including Africa. With the continued increase in the adoption rate of new energy construction machinery, the company has upgraded its product to the BRT970EV model, further expanding its market coverage. Mining sites represent a key application scenario for autonomous commercial vehicles, with penetration rates projected to reach 50% by 2030. The company has introduced the 9M145E, a mining truck designed without a driver's cab, equipped with its self-developed E2E intelligent driving system and a smart dispatching platform to enable multi-equipment collaborative operations. BRETON has a solid order pipeline, having signed an agreement with Mingyang Mining for 1,000 units and supplied 150 units to Fujian Rixin, indicating an acceleration in commercial deployment.

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