Hong Kong (HSI) Machinery Industry Analysis

Industry Valuation and Performance

Has the Hong Kong Machinery Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Wed, 22 Jul 2026	HK$984.3b	HK$766.9b	HK$45.5b	12.3x	21.6x	1.3x
Fri, 19 Jun 2026	HK$1.1t	HK$761.6b	HK$46.4b	12.8x	23.8x	1.5x
Sun, 17 May 2026	HK$1.2t	HK$756.9b	HK$46.5b	14.2x	24.8x	1.5x
Tue, 14 Apr 2026	HK$1.0t	HK$744.6b	HK$45.9b	12.7x	22.7x	1.4x
Thu, 12 Mar 2026	HK$1.0t	HK$709.6b	HK$45.8b	13.9x	21.9x	1.4x
Sat, 07 Feb 2026	HK$954.3b	HK$700.2b	HK$45.2b	14x	21.1x	1.4x
Mon, 05 Jan 2026	HK$786.4b	HK$694.0b	HK$44.8b	12.2x	17.5x	1.1x
Wed, 03 Dec 2025	HK$769.6b	HK$687.9b	HK$44.4b	12.3x	17.3x	1.1x
Fri, 31 Oct 2025	HK$766.5b	HK$671.2b	HK$43.0b	12.1x	17.8x	1.1x
Sun, 28 Sep 2025	HK$743.3b	HK$670.7b	HK$42.9b	11.7x	17.3x	1.1x
Tue, 26 Aug 2025	HK$782.3b	HK$670.8b	HK$42.6b	11.5x	18.4x	1.2x
Thu, 24 Jul 2025	HK$736.0b	HK$666.8b	HK$41.6b	10.7x	17.7x	1.1x
Sat, 21 Jun 2025	HK$675.8b	HK$664.1b	HK$41.3b	9.3x	16.4x	1x
Mon, 19 May 2025	HK$693.3b	HK$658.3b	HK$40.9b	9.8x	17x	1.1x
Wed, 16 Apr 2025	HK$618.9b	HK$643.2b	HK$40.2b	8.9x	15.4x	1x
Fri, 14 Mar 2025	HK$717.7b	HK$642.5b	HK$40.7b	9.2x	17.6x	1.1x
Sun, 09 Feb 2025	HK$666.2b	HK$636.5b	HK$39.9b	8x	16.7x	1x
Tue, 07 Jan 2025	HK$625.9b	HK$632.2b	HK$39.5b	7.8x	15.9x	1x
Thu, 05 Dec 2024	HK$643.8b	HK$635.4b	HK$40.4b	7.9x	15.9x	1x
Sat, 02 Nov 2024	HK$642.4b	HK$643.6b	HK$41.2b	7.9x	15.6x	1x
Mon, 30 Sep 2024	HK$686.8b	HK$655.7b	HK$41.8b	7.7x	16.4x	1x
Wed, 28 Aug 2024	HK$611.7b	HK$649.5b	HK$41.9b	8x	14.6x	0.9x
Fri, 26 Jul 2024	HK$598.2b	HK$621.3b	HK$37.3b	8.7x	16x	1x
Sun, 23 Jun 2024	HK$651.8b	HK$620.7b	HK$37.2b	9.2x	17.5x	1.1x
Tue, 21 May 2024	HK$684.2b	HK$647.6b	HK$39.7b	9.9x	17.2x	1.1x
Thu, 18 Apr 2024	HK$690.2b	HK$646.0b	HK$39.1b	8.1x	17.7x	1.1x
Sat, 16 Mar 2024	HK$713.5b	HK$620.1b	HK$36.7b	8.8x	19.4x	1.2x
Mon, 12 Feb 2024	HK$590.3b	HK$618.1b	HK$36.8b	8.6x	16.1x	1x
Wed, 10 Jan 2024	HK$580.4b	HK$619.3b	HK$36.8b	8.6x	15.8x	0.9x
Fri, 08 Dec 2023	HK$537.0b	HK$617.6b	HK$37.9b	9.2x	14.2x	0.9x
Sun, 05 Nov 2023	HK$534.6b	HK$608.8b	HK$37.5b	9.3x	14.3x	0.9x
Tue, 03 Oct 2023	HK$538.0b	HK$595.7b	HK$35.1b	9.5x	15.3x	0.9x
Thu, 31 Aug 2023	HK$544.8b	HK$569.8b	HK$32.9b	9.9x	16.6x	1x
Sat, 29 Jul 2023	HK$590.1b	HK$572.2b	HK$32.4b	9.9x	18.2x	1x

Current Industry PE

Investors are optimistic on the Hong Kong Machinery industry, and appear confident in long term growth rates.

The industry is trading at a PE ratio of 21.6x which is higher than its 3-year average PE of 17.6x.

The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.3x.

Past Earnings Growth

The earnings for companies in the Machinery industry have grown 12% per year over the last three years.
Revenues for these companies have grown 10% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Hong Kong Industrials industry?


HK Market	3.06%
Industrials	1.08%
Machinery	-3.58%
Agricultural Machinery	14.45%
Industrial Machinery	0.16%
Construction Machinery and Vehicles	-7.18%

Industry PE

Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.2x.

Analysts are expecting annual earnings growth of 29.0%, which is higher than its past year's earnings growth of 3.7% per year.

Investors are most pessimistic about the Agricultural Machinery industry, which is trading close to its 3-year average of 14.6x.

Forecasted Growth

Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 29% over the next 5 years.
This is better than its past earnings growth rate of 3.7% per year.

In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 19% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
669 Techtronic Industries	HK$129.90	3.5% +HK$8.0b	37.9%	PE25.3x
1882 Haitian International Holdings	HK$20.46	8.4% +HK$2.5b	-6.4%	PE8.5x
631 Sany Heavy Equipment International Holdings	HK$7.41	9.9% +HK$2.2b	-3.8%	PE12.7x
38 First Tractor	HK$8.62	19.1% +HK$1.6b	12.2%	PE9.9x
3339 Lonking Holdings	HK$3.11	11.9% +HK$1.4b	11.9%	PE8.8x

Company

Last Price

Valuation

669 Techtronic Industries

HK$129.90

3.5%
+HK$8.0b

37.9%

PE25.3x

1882 Haitian International Holdings

HK$20.46

8.4%
+HK$2.5b

-6.4%

PE8.5x

631 Sany Heavy Equipment International Holdings

HK$7.41

9.9%
+HK$2.2b

-3.8%

PE12.7x

38 First Tractor

HK$8.62

19.1%
+HK$1.6b

12.2%

PE9.9x

3339 Lonking Holdings

HK$3.11

11.9%
+HK$1.4b

11.9%

PE8.8x

Sany Heavy Equipment International Holdings Company Limited Announces CEO Changes, Effective July 21, 2026

Sany Heavy Equipment International Holdings Company Limited announced that, with effect from July 21, 2026: (1) Qi Jian will resign as the chief executive officer of the Company (the “CEO”) in order to devote more time to his other business commitments; and (2) Jiang Qingbin will be appointed as the CEO (the “Appointment”). Mr. Qi has confirmed that he has no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company (the "Shareholders") or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Jiang Qingbin, aged 44, joined Sany Group Co. Ltd. (“Sany Group”) in August 2019. From August 2019 to December 2021, Jiang Qingbin served as the head of the process institute of the pumping business division and general manager of the pumping company of Sany Heavy Industry Co. Ltd., during which he led the completion of the Davos-certified lighthouse factory (Plant No. 18) and was in charge of concrete equipment. From January to December 2022, he served as general manager of Zhongxing Company under the pumping business division of Sany Heavy Industry Co. Ltd., in charge of the research and development and manufacturing of component products, during which product quality was significantly improved and core components such as hydraulic cylinders were exported to Europe and the United States for the first time. He was honoured as a “2022 Sany Person of the Year” during this period. From January to December 2023, he served as general manager of the crane business division of Sany Heavy Industry Co. Ltd., achieving substantial growth in the division’s profit and cash flow, with a number of products ranking first in global market share. From January to July 2024, he served as vice president of Sany Group and chairman of the Africa business division of Sany Heavy Industry Co. Ltd., pioneering Sany’s overseas micro-grid initiative and achieving the highest business growth rate within the group. From July 2024 to October 2025, he served as vice president of Sany Group and chairman of the pump-road business division of Sany Heavy Industry Co. Ltd., achieving the overall number one market share in concrete machinery and significant profit growth in road machinery. Since November 2025, he has served as senior vice president of Sany Group and chairman of Sany Heavy Equipment Co. Ltd. (“Sany Heavy Equipment”), during which Sany Heavy Equipment’s operating performance and operating quality have significantly improved. Prior to joining Sany Group, he was employed at Hitachi Construction Machinery (China) Co. Ltd. from 2004 to 2019, where he held the positions as deputy general manager, manufacturing director and supervisor. He has four years of working experience at the Japanese headquarters and is proficient in intelligent manufacturing and factory operation management. Jiang Qingbin graduated from Anhui AgriculturalUniversityinJuly2004withabachelor’s degree in agricultural mechanization and automation, and commenced his EMBA studies at China Europe International Business School in September 2023.

Hong Kong (HSI) Machinery Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

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