BRIEF: Lonking profit rises up to 31% in 2025

Construction equipment maker Lonking Holdings Ltd. (3339.HK) said on Tuesday that it expects to report a profit of between 1.25 billion yuan ($180 million) and 1.33 billion yuan for 2025, up 23% to 31% from 2024.

It attributed the increase to steady growth in its domestic and international sales, especially the growing contribution from its export business. It also cited contributions from new products, particularly higher-margin offerings, as well as initiatives to boost quality and efficiency, and to control costs.

Shares of Lonking opened up 2% at HK$3.20 on Wednesday. The stock is up over 50% from its 52-week low.

By Lau Chi Hang

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