Sany Surges 52% as China Machinery Stocks Hit Record Highs

Edgen Stock

·Feb 04 2026, 06:34

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Key Takeaways

Chinese heavy machinery stocks rallied on the Hong Kong exchange, with key players reaching new peaks driven by a positive industrial outlook. Analyst reports point to a robust equipment replacement cycle and emerging technology drivers as key supports for the sector's strong year-to-date performance.

Record Highs: On February 4th, Sinotruk and Sany International stocks both reached new all-time highs.
Strong YTD Performance: Since the start of the year, Sinotruk stock has gained over 40%, while Sany International has appreciated by more than 52%.
Positive Outlook: Analysts forecast 10% growth in excavator sales, citing equipment replacement cycles and new demand from robotics and automation.

Sinotruk and Sany International Post Over 40% YTD Gains

Heavy machinery stocks on the Hong Kong market demonstrated significant strength on February 4th, pushing both Sinotruk and Sany International to new all-time highs. The performance highlights a powerful start to the year for China's industrial sector. Since the beginning of 2024, Sinotruk's stock has appreciated by more than 40%, while Sany International has recorded an even more impressive gain of over 52%.

Analysts Forecast 10% Excavator Sales Growth

A recent report from Lyon identifies fundamental drivers supporting the sector's momentum. The investment bank forecasts approximately 10% growth in excavator sales, propelled by a sustained equipment replacement cycle and record-high investment in China's power grid and renewable energy infrastructure. The analysis also points to emerging growth areas, including a maturing humanoid robot supply chain expected to enter mass production in the second half of the year. Furthermore, automation demand is projected to recover by around 5% year-over-year, supported by activity in the lithium sector.