HUZHIST@EC2612A

Citi Research: Favorable Impact of Agricultural Modernization Policy on Zoomlion

Zoomlion plans to issue 6 billion yuan convertible bonds

Zoomlion Successfully Issued HK Listed Convertible Bonds

ZOOMLENG HEAVY EQUIPMENT CO., LTD plans to issue up to 6 billion yuan convertible bonds

Zoomlion Promotes Intelligent Manufacturing through AI

Citibank Raises Profit Forecasts and Target Price for Zoomlion

Shenwan Hongyuan Gives Buy Rating to Zoomlion

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ZOOMLENG HEAVY EQUIPMENT Holds Special Shareholders' Meeting Approving Dividend Plan and Revision of Related Transactions Rules

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Zoomlion Aids Kenyan Farmers to Adapt to Climate Change

ZOOMLON Completes Acquisition of 81% Equity in Zoomlon Financial Leasing

Zoomlion Recognized as Top Smart Manufacturing Factory

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CMBI Upgrades ZOOMLON's Earnings Forecast and Target Price

Zoomlion and others participate in the 2025 World Intelligent Manufacturing Conference

Zoomlion Updates Plan to Issue 6 Billion Yuan Convertible Bonds

Zoomlion to Hold Extraordinary General Meeting to Deliberate on Dividend Scheme

Changsha Accelerates Modern Industrial System Construction, Consolidates Advanced Manufacturing Foundation

UBS Raises Ratings and Earnings Projections for China's Construction Machinery Sector

UNI PRINTSHOP

WING CHI HLDGS

CINESE INTL

WAN KEI GROUP

CHINA WACAN

JH EDUCATION

DIGITAL DOMAIN

LOTUS HORIZON

VICO INTL HLDGS

K W NELSON GP

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01157

560280

159542

Zoomlion Heavy Industry Science and Technology Co. Ltd. has announced the listing of RMB6 billion 0.70% USD-settled convertible bonds due 2031 on the Stock Exchange of Hong Kong. The bonds, aimed at professional investors, are expected to be effective for trading on February 6, 2026.

Reuters

Zoomlion

ZOOMLION

GF Fund CSI Construction Machinery Theme ETF

Dacheng CSI Construction Machinery Theme ETF

Zoomlion Issues RMB6 Billion 0.70% USD-Settled Convertible Bonds

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603135

562900

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Citigroup's research report points out that the "No. 1 Document" issued by the State Council of China aims to promote agricultural modernization, emphasizing the use of technologies such as AI and drones to enhance agricultural productivity. The document has a particularly positive impact on Zoomlion, with expectations that by 2026, approximately 8% of the company's revenue will come from agricultural machinery business. Citigroup reiterates a "Buy" rating on Zoomlion, with a target price of 10.2 yuan

AASTOCKS

Yinhua CSI Agriculture Theme ETF

ZZ Science & Technology

E Fund CSI Modern Agriculture Theme ETF

Fullgoal CSI Agriculture Theme ETF

Citi expects Zoomlion to benefit from the national policy on agricultural technology in mainland China, reiterating a "Buy" rating

Zoomlion Heavy Industry Science and Technology Co. Ltd. has announced a proposed offering of RMB 6 billion in convertible bonds due 2031. Upon full conversion at an initial price of HK$10.02, 673,189,831 H shares will be issuable, representing 43.36% of the company's total issued H share capital and 7.78% of its total issued share capital. All other details from the original announcement remain unchanged.

Zoomlion Announces RMB6 Billion Convertible Bond Offering

The Hang Seng Tech Index closed down 1.07%, having fallen more than 3.4% at one point during the morning session. Most tech stocks declined due to market rumors, with Kuaishou down over 4% and Baidu Group down over 3%; non-ferrous metal stocks rebounded, with WANGUO GOLD GP rising over 13%; the machinery and defense military sectors performed actively, with CIMC up over 14% and Zoomlion up over 9%

Wallstreetcn

Guotai CSI Non-ferrous Metal ETF

WANGUO GOLD GP

ChinaAMC Gold ETF

China Southern CSI SWS Non-Ferrous Metal ETF

ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF

Yinhua CSI Non-ferrous Metal ETF

CIMC

Guotai CSI Non-Ferrous Metal Kuangye Theme ETF

EFUND GOLD MI ETF

ChinaAMC CSI Subdivision Non-ferrous Metal Sub-Industry ETF

ZHONGJIN GOLD

SD-GOLD

Hong Kong stocks close: Hang Seng Index fluctuates and rises by 0.22%, gold stocks rebound

Zoomlion surged strongly in the early morning session yesterday, followed by a volatile pullback, with significant rotation of main funds throughout the day. The construction machinery sector, supported by continuous policy boosts, became a focal point for short-term speculative funds. In the morning, bullish main funds actively entered the market, while afternoon profit-taking emerged at high levels, intensifying the tug-of-war between bulls and bears, leading to clear market divergence. In terms of volume, it maintained balance throughout the day, with an accelerated frequency of fund rotation. The technical structure is slightly bullish in the short term but has faced resistance multiple times at high levels. The characteristic of the sector is that leading stocks are actively rotating. Currently, the market's hot topic revolves around the progress of engineering investments and the catalysis of new infrastructure policies, with uncertainty in the short-term direction of main funds. Technically, attention should be paid to the actual effectiveness of support zones, and event catalysis will be key to structural changes in the next phase. In terms of operations, be cautious of the risk of pullbacks after rapid market surges, and under rising main fund divergence, it is recommended to control positions, focusing on dynamically observing changes in fund flows and policy news, and responding flexibly in the short term

Technical Forecast

Zoomlion (1157.HK): After a rise, it fell back, with divergences among main forces emerging; focus on event catalysts in the engineering sector

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