Changes in Hong Kong stocks | Sany Heavy Industries (06031) fell more than 5% to a record low, and third-quarter revenue and net profit declined month-on-month

The Zhitong Finance App learned that Sany Heavy Industries (06031) fell by more than 5%, hitting a new low of HK$15.56 since listing. As of press release, it decreased by 4.86% to HK$15.66, with a turnover of HK$577.24,700.

According to the news, Sany Heavy Industries announced last night that revenue for the third quarter was 24.804 billion yuan, up 16.96% year on year, down about 15% month on month; net profit attributable to shareholders of listed companies was 2,314 billion yuan, up 20.62% year on year, down 27.9% month on month. China Merchants Securities previously pointed out that the main cause of weakening stock prices in the construction machinery industry is macroeconomic factors such as exchange losses affecting apparent performance and geographical conflicts. Looking ahead to the second half of the year, the bank believes that construction machinery beta is still sustainable. As the pressure on the exchange loss base weakens, it is expected that the EPS+PE resonance market will resonate, and it is optimistic that the index will outperform the market.