Tracking of Hong Kong concept stocks | In January, both domestic and foreign sales of Tu exceeded expectations. Institutions are optimistic about the increase in global market share of domestic engineering machinery (with concept stocks attached)

According to the Construction Machinery Association, in January 2026, the sales of excavators reached 18,700 units, a year-on-year increase of 49.5%. Among them, domestic sales were 8,723 units, an increase of 61.4% year-on-year; and exports were 9,985 units, an increase of 40.5% year-on-year. According to the General Administration of Customs data, from October to December 2025, the export volume of second-hand machinery increased by 69%, 80%, and 99% respectively compared to the previous year, showing rapid growth. The significant clearance of existing equipment has provided solid support for the rigid update of domestic demand. Huatai research report stated that global copper prices continue to reach historic highs, which is expected to continuously drive overseas demand for mining machinery, and it remains optimistic about domestic leading machinery manufacturers and component companies. In 2026, it is expected that the construction machinery industry will experience a dual rise in domestic and overseas markets. The gradual launch and start of key infrastructure projects, the potential recovery of the real estate market, are expected to provide support for domestic demand, while the continuous rise in global metal prices is expected to fully stimulate overseas demand for mining machinery. Guotai Haitong released a research report stating that in this current cycle of prosperity in the construction machinery industry, overseas performance has been impressive, and domestic companies continue to focus and expand in markets such as Southeast Asia, Europe, and South America, showing optimism for industry performance growth. Stocks related to the construction machinery industry chain: LONKING (03339), Sany Heavy Industry (06031), SANY INT'L (00631), ZOOMLION (01157), ZCZL Industrial Technology Group (00564)