Overseas income accounts for more than 50% of Zoomlion's net profit in the first three quarters, with an increase of about 10% | Interpretations
①The company's revenue in the first three quarters decreased by 3.2% year-on-year; net income attributable to shareholders increased by 9.95% year-on-year. ②The proportion of overseas income has increased to over 50%, and the company plans to repurchase some H shares at the right time and cancel them.
Demand for earthmoving machinery rises, domestic sales of excavators in September increase by more than 20%, will infrastructure recovery be boosted by debt restructuring? | Industry News
① In September, domestic excavator sales increased by nearly 20% year-on-year, marking the sixth consecutive month of double-digit positive growth in domestic sales. ② With the gradual implementation of equipment renewal subsidies and the accelerated construction of major domestic infrastructure projects, the industry is expected to gradually emerge from the downturn.
The plan for the listing of zoomlion heavy machinery has fallen through. Zoomlion stated that it will not affect the company's existing business.
①Zoomlion plans to terminate the reorganization and listing of its subsidiary Zoomliongaoji with Shenzhen Roadrover Technology. ②Zoomlion stated that the termination of the reorganization project will not affect the production and operation activities of Shenzhen Roadrover Technology and Zoomliongaoji.
Hong Kong stock opportunities tracking | Great Wall Motor's mid-term profit increased by over 400% year-on-year; Alibaba spent nearly $80 million to repurchase shares.
Semiconductor Manufacturing International Corporation: The revenue for the first half of the year is approximately $3.6515 billion, a year-on-year increase of 20.8%. CM Bank's revenue for the first half of the year is 172.922 billion yuan, a year-on-year decrease of 3.11%. The renminbi has continued to rise, wiping out all the decline this year.
Hong Kong Stock Market Outlook | In Q2, after adjustment, Kuaishou's net profit increased by 73.7% to 4.679 billion yuan; Xpeng's Q2 revenue was 8.11 billion yuan, a year-on-year increase of 60.2%.
The EU's anti-subsidy investigation into Chinese electric autos concludes, and the Ministry of Commerce responds; "Black Myth: Wukong" is a hit, with expected sales of 5 million to 7 million sets across all platforms; Walmart plans to sell its jd.com shares worth $3.74 billion.
In July, the domestic sales of excavators maintained a double-digit growth. The update of equipment in the second half of the year may speed up the industry's recovery.
①From June to September, the sales of the industry usually enter the traditional slow season, but this year the July season is not slow, and the excavator demand remains strong. ②The overseas market is still the main engine of growth for the second half of this year and even next year. The domestic market is expected to accelerate its recovery in the second half of the year thanks to the recovery of project start-up rates and the accelerated renewal of equipment.