SANY INT'L (00631) rose more than 6% during intraday trading. As of press time, the stock was up 5.92% to HK$7.52, with trading volume reaching HK$138 million.

Galaxy Securities previously noted that while the company's domestic mining business has been affected by factors such as coal production restrictions, overseas products including rigid dump truck electric wheels continue to maintain strong growth momentum. The oil and gas equipment and emerging business segments are experiencing rapid growth, with silicon energy and smart mining businesses maintaining sufficient order backlogs, achieving considerable progress in the second growth curve. Additionally, the company has achieved margin improvements across both large and small port machinery and oil and gas equipment segments, with significant cost control effectiveness and notably enhanced operational quality. The firm believes the company can continue to achieve outstanding results under the guidance of its globalization, digitalization, and low-carbon strategies.

China Merchants Securities points out that SANY INT'L is a leading domestic manufacturer of heavy equipment including mining machinery and port machinery, and is actively undertaking the group's emerging industry layout in silicon energy, lithium energy, hydrogen energy, and autonomous driving for future development. The firm believes that against the backdrop of global port expansion and automation upgrades, steady growth in mining machinery demand, and narrowing losses in emerging business segments, the company's performance is expected to continue growing.