Mei Ri Jing Ji Xin Wen·2026-01-23 02:26Group 1 - The A-share market saw a collective rise in the three major indices, with the Shanghai Composite Index increasing by 0.36%, driven by strong performances in sectors such as electric power equipment, non-ferrous metals, and media, while home appliances and telecommunications lagged behind [1] - The machine tool sector showed strength, with the Machine Tool ETF (159663.SZ) rising by 0.17%, and notable gains in constituent stocks such as Yujing Co., Ltd. reaching the daily limit, and Haimeixing, Haozhi Electromechanical, Weichuang Electric, and Green Harmonic also posting significant increases [1] - In December 2025, China's excavator sales (including exports) reached 23,095 units, marking a year-on-year growth of 19.2%, with exports increasing by 26.9%. The total excavator export volume for the year was 116,739 units, up 16.1% [1] - The export value of China's construction machinery in December 2025 was $6.42 billion, reflecting a year-on-year increase of 27.2%, while the total export value for the year was $60.17 billion, up 13.8% [1] Group 2 - Everbright Securities expressed optimism regarding the construction machinery sector, highlighting the strong performance in export sales and the ongoing demand for equipment upgrades, which are expected to drive sales growth [1] - The positive fiscal policies are anticipated to stimulate infrastructure investment, ensuring sustained recovery in mid-term demand for the industry [1] - The internationalization and electrification processes within the construction machinery sector are expected to benefit leading companies, resulting in simultaneous growth in both volume and profit [1][2]