三一国际（00631）午后涨近4%，近一个月股价累计涨幅逾六成。截至发稿，股价上涨3.87%，报15.57 港元，成交额1.05亿港元。 招银国际发布研报称，相信三一国际（00631）的矿用卡车业务将持续取得进展，料该业务对总收入的 贡献在2026至27年间将维持于15%至16%水平，但预期价值较高且利润率较好的大型矿用卡车将维持较 高增长。另外，该行认为大型港口机械业务的收入增长及利润率改善具有高度确定性，因订单积压逾12 个月。该行将2026及27年的盈利预测分别上调3%及9%，并将目标价由8.9港元上调至20.6港元，维 持"买入"评级。 责任编辑：卢昱君 热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 三一国际（00631）午后涨近4%，近一个月股价累计涨幅逾六成。截至发稿，股价上涨3.87%，报15.57 港元，成交额1.05亿港元。 招银国际发布研报称，相信三一国际（00631）的矿用卡车业务将持续取得进展，料该业务对总收入的 贡献在2026至27年间将维持于15%至16%水平，但预期价值较高且利润率较好的大型矿用卡车将维持较 高增长。另外，该行认为大型港口机械业务的收入增长及利 ...

智通财经APP获悉，三一国际(00631)午后涨超3%，近一个月股价累计涨幅逾六成。截至发稿，涨 3.54%，报15.52港元，成交额7391.15万港元。 招银国际表示，相信三一国际的矿用卡车业务将持续取得进展，料该业务对总收入的贡献在2026至27年 间将维持于15%至16%水平，但预期价值较高且利润率较好的大型矿用卡车将维持较高增长。另外，该 行认为，因订单积压逾12个月，公司大型港口机械业务的收入增长及利润率改善具有高度确定性。 消息面上，里昂研究报告指出，在反内卷政策持续推进等背景下，中国工业板块正出现三大关键推动 力，包括矿业设备需求上升、人形机械人供应链成熟，以及快递行业整合。就核心业务而言，该行预期 设备更换周期将持续，加上电网及可再生能源投资创新高，将推动挖掘机销售增长约10%。该行偏好核 心业务稳定或正在复苏，同时能受惠于新兴推动力的企业。 ...

智通财经APP获悉，招银国际发布研报称，相信三一国际(00631)的矿用卡车业务将持续取得进展，料该 业务对总收入的贡献在2026至27年间将维持于15%至16%水平，但预期价值较高且利润率较好的大型矿 用卡车将维持较高增长。另外，该行认为大型港口机械业务的收入增长及利润率改善具有高度确定性， 因订单积压逾12个月。该行将2026及27年的盈利预测分别上调3%及9%，并将目标价由8.9港元上调至 20.6港元，维持"买入"评级。 ...

Core Viewpoint - Recent field visits to SANY International revealed significant breakthroughs in expanding new customers for mining trucks, with a notable increase in orders and diversification of the customer base [1] Group 1: Company Performance - As of January this year, SANY International's mining truck orders reached approximately 3 billion yuan, with over half coming from hybrid rigid trucks and electric wheel trucks over 150 tons [1] - The customer base has expanded to include non-coal mining enterprises, with estimates suggesting that orders from the non-ferrous metals sector will account for 40% to 50% this year [1] Group 2: Financial Projections - Analysts predict that SANY International's adjusted net profit will grow nearly fourfold from 2024 to 2027, with contributions from overseas markets expected to exceed 50% [1] - The target price for SANY International has been raised from 13 HKD to 16 HKD, maintaining an "outperform" rating [1]

Core Insights - The sales of excavators in January 2026 are projected to reach 18,700 units, representing a year-on-year increase of 49.5% [1] - Domestic sales are expected to be 8,723 units, up 61.4% year-on-year, while exports are anticipated to be 9,985 units, reflecting a 40.5% increase [1] - The export volume of used machinery from October to December 2025 has shown significant growth, with increases of 69%, 80%, and 99% respectively, indicating effective clearance of existing equipment [1] Industry Outlook - According to Huatai Securities, the continuous rise in global copper prices is likely to boost demand for overseas mining machinery, supporting the growth of domestic leading manufacturers and component companies [1] - The engineering machinery sector is expected to experience a dual upward trend driven by both domestic and international factors, with key infrastructure projects and a potential recovery in real estate providing support for domestic demand [1] - Guotai Junan Securities highlights the strong performance of overseas markets during the current engineering machinery boom, with domestic companies focusing on Southeast Asia, Europe, and South America, indicating positive industry growth prospects [1] Related Companies - Key companies in the engineering machinery sector include China Longgong (03339), Sany Heavy Industry (600031), Sany International (00631), Zoomlion Heavy Industry (000157), and Zhongchuang Zhiling (601717) [2]

Core Viewpoint - The engineering machinery sector continues its recent upward trend, with notable gains in stock prices for several key companies in the industry [2]. Company Performance - China Longgong (03339.HK) saw a stock increase of 5.52%, reaching HKD 3.44 [2]. - Sany Heavy Industry (06031.HK) experienced a rise of 5.13%, with its stock priced at HKD 25.4 [2]. - Sany International (00631.HK) reported a 4.14% increase, trading at HKD 14.1 [2]. - Zoomlion (01157.HK) had a stock price increase of 4.01%, reaching HKD 9.6 [2].

华泰证券则表示，2026年工程机械有望演绎内外共振上行。雅鲁藏布江下游水电工程等重点基建项目的 陆续落地开工、地产的潜在复苏有望为内需提供支撑，同时全球金属价格持续上涨有望充分拉动海外矿 山机械需求，看好国产工程机械主机厂全球市占率的提升。 消息面上，根据中国工程机械工业协会，2026年1月销售各类挖掘机18708台，同比增长49.5%。其中国 内销量8723台，同比增长61.4%；出口量9985台，同比增长40.5%，土方内外销超预期。国泰海通证券 发布研报称，本轮工程机械景气周期中海外表现亮眼，国内企业持续深耕、发力于东南亚、欧洲、南美 等市场，看好行业业绩增长。 工程机械股延续近期涨势，截至发稿，中国龙工(03339)涨5.52%，报3.44港元；三一重工（600031） (06031)涨5.13%，报25.4港元；三一国际(00631)涨4.14%，报14.1港元；中联重科（000157）(01157)涨 4.01%，报9.6港元。 ...

Core Viewpoint - The engineering machinery sector continues its recent upward trend, with significant stock price increases for major companies, driven by strong sales growth in excavators and positive market outlooks for both domestic and international demand [1] Group 1: Stock Performance - China Longgong (03339) increased by 5.52%, reaching HKD 3.44 [1] - Sany Heavy Industry (06031) rose by 5.13%, reaching HKD 25.4 [1] - Sany International (00631) grew by 4.14%, reaching HKD 14.1 [1] - Zoomlion (01157) increased by 4.01%, reaching HKD 9.6 [1] Group 2: Sales Growth - In January 2026, a total of 18,708 excavators were sold, representing a year-on-year increase of 49.5% [1] - Domestic sales accounted for 8,723 units, up 61.4% year-on-year [1] - Export volume reached 9,985 units, marking a 40.5% increase year-on-year [1] Group 3: Market Outlook - Guotai Junan Securities reports that overseas performance is strong, with domestic companies expanding into Southeast Asia, Europe, and South America, indicating a positive outlook for industry growth [1] - Huatai Securities anticipates a dual upward trend in the engineering machinery sector, supported by key infrastructure projects and potential recovery in the real estate market [1] - Rising global metal prices are expected to boost demand for overseas mining machinery, enhancing the global market share of domestic engineering machinery manufacturers [1]

Group 1 - As of February 4, 100 stocks reached a 52-week high, with METROPOLIS CAP (08621), Asia Backup (08290), and Wenling Tooling (01379) leading the high rate at 74.55%, 63.89%, and 57.48% respectively [1] - METROPOLIS CAP closed at 0.048 with a peak of 0.096, while Asia Backup closed at 0.032 with a peak of 0.059, and Wenling Tooling closed at 3.400 with a peak of 6.000 [1] - Other notable stocks that reached new highs include Asia Internet Technology (00679) at 46.23% and Asia Pacific Financial Investment (08193) at 25.45% [1] Group 2 - The 52-week low rankings show that Gaodi Co. (01676) had the largest decline at -45.71%, followed by Xixiang Group (02473) at -23.42% and Jianfa Xingsheng (00731) at -21.51% [3] - Gaodi Co. closed at 0.243 with a low of 0.171, while Xixiang Group closed at 2.370 with a low of 2.060, and Jianfa Xingsheng closed at 0.137 with a low of 0.135 [3] - Other significant declines include Huaxia SOL-R (83460) at -14.34% and Huaxia SOL-U (09460) at -13.97% [3]

Core Viewpoint - The engineering machinery sector continues to experience upward momentum, driven by favorable market conditions and strong export performance [1][2] Group 1: Stock Performance - Zhonglian Heavy Industry (01157) increased by 5.37%, reaching HKD 9.03 [1] - China Longgong (03339) rose by 3.83%, reaching HKD 3.25 [1] - Sany International (00631) saw a 2.38% increase, reaching HKD 12.03 [1] - China National Heavy Duty Truck Group (03808) grew by 2.02%, reaching HKD 36.44 [1] Group 2: Trade Data - The total import and export trade value of China's engineering machinery is projected to reach USD 62.743 billion in 2025, marking a year-on-year increase of 13.2% [1] - Import value is expected to be USD 2.575 billion, showing a slight decline of 0.63% year-on-year [1] - Export value is anticipated to be USD 60.169 billion, reflecting a year-on-year growth of 13.8% [1] - Excavators remain the primary export product in the engineering machinery sector, maintaining a favorable market outlook [1] Group 3: Market Outlook - Bohai Securities reports that the engineering machinery sector is experiencing a recovery in market conditions, supported by the rollout of key projects and ongoing large-scale equipment renewal policies [2] - Excavator sales are projected to reach 235,300 units in 2025, representing a year-on-year increase of 17% [2] - Domestic leading manufacturers are increasingly expanding into overseas markets, leveraging strong competitiveness in technology maturity and product cost-effectiveness [2]