CICC: Overseas demand for construction machinery exceeds expectations, and subsequent demand from overseas construction end markets is expected to continue strengthening.

CICC released a research report stating that global construction machinery manufacturers recently announced their Q2 2026 performance. Currently, the overseas revenue share of domestic construction machinery manufacturers is approximately 60%. The firm believes that the demand for overseas construction terminals is expected to continue to strengthen, specifically driven by data center and rental needs in North America, while Latin America is mainly supported by public investments. It is recommended to pay attention to Sany Heavy Industry, XCMG, Hengli Hydraulic, Zoomlion, Caterpillar, maintaining the profit forecast, rating, and target price unchanged.