Changes in Hong Kong stocks | Construction machinery stocks collectively declined, and exchange losses in the first half of the year dragged down profits. Exchange pressure on the sector weakened sharply in the third quarter

The Zhitong Finance App learned that construction machinery stocks fell collectively. As of press release, Sany Heavy Industries (06031) fell 6.83% to HK$18.0; Sinotruk (03808) fell 5.58% to HK$38.58; Sany International (00631) fell 3.42% to HK$9.045; and Zoomlion Heavy Industries (01157) fell 2.05% to HK$5.72.

According to news, the RMB appreciated more than 3% against the US dollar in the first half of the year, reaching a new three-year high. According to the interim results of the four major OEMs, the total exchange losses included in financial expenses in the first half of 2026 were about 4.37 billion yuan, and the total exchange revenue for the same period last year was about 1.96 billion yuan. Dongwu Securities pointed out that exchange pressure on the sector declined sharply in the third quarter, and the sector's performance in the third quarter is expected to improve markedly from month to month.

GF Securities also stated that the apparent profit growth rate of construction machinery companies declined in the first quarter of '26 due to the impact of exchange. The second quarter of '26 was affected by the high base figure brought about by high exchange earnings in the second quarter of '25, and the year-on-year data may be under pressure. Looking ahead to the third quarter, when the exchange risk is over, the apparent net profit of the export chain is expected to be on par with operating profit and achieve highly elastic growth.