Exports exceeded expectations! Huaxia Engineering Machinery ETF (515970.SH) rose by 2.75%, China National Heavy Duty Truck Group increased by 6.89%

NightAirdropper · 2026-03-11T00:52:26+00:00

On March 10th, the three major A-share indices rose, with the construction machinery sector performing strongly. The Huaxia Construction Machinery ETF increased by 2.75%, and several constituent stocks saw significant gains. Data shows that excavator sales are weak, but exports are strong. Dongwu Securities believes that construction machinery will experience a spring rally, with industry prosperity improving and a positive investment outlook.

NightAirdropper

2026-03-11 00:52:26

Abstract generation in progress

As the market approaches midday on March 10th, the three major A-share indices are collectively rising. The Shanghai Composite Index increased by 0.24% during trading, with sectors such as telecommunications, electronics, and machinery equipment leading the gains, while petroleum, petrochemicals, and coal declined. The construction machinery sector is strengthening. As of 10:54 AM, the China Construction Machinery ETF (515970.SH) rose by 2.75%, with its constituent stocks such as China National Heavy Duty Truck Group up 6.89%, Xinyu Co. up 5.64%, Oat Technology up 5.55%, Weichai Power up 5.18%, and Zoomlion up 4.49%.

According to data from the China Construction Machinery Industry Association, sales of various excavators in February 2026 totaled 17,226 units, down 10.6% year-on-year. Domestic sales accounted for 6,755 units, down 42% year-on-year; exports reached 10,471 units, up 37.2%. From January to February, cumulative excavator sales were 35,934 units, up 13.1% year-on-year; cumulative exports were 20,456 units, up 38.8%.

Dongwu Securities states that the construction machinery sector is experiencing a noticeable spring rally, typically seeing significant gains in March and April. This is mainly due to policy guidance, as construction machinery enters the peak season for construction start-ups and sales. Both domestic and international fundamentals in 2026 are better than in 2025, with a resonance between the two, and a relatively quick cyclical recovery is expected to improve profitability through scale effects.

The China Construction Machinery ETF (515970) closely tracks the CSI Construction Machinery Theme Index, allowing investors to easily allocate to leading companies across the industry chain and fully benefit from the upward trend in the construction machinery sector. Currently, the fund’s management fee is 0.15% per year, and the custodial fee is 0.05% per year, making it one of the lowest in its category.

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