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Chinese maker of construction machinery, notably wheel loaders and excavators.
Chinese maker of construction machinery, notably wheel loaders and excavators.
Sells wheel loaders and excavators mostly through dealers, so results follow Chinese construction cycles and the replacement of older machines, with exports also a source of demand. Founder Li San Yim and his family remain the controlling shareholders.
In one line: A Chinese Caterpillar-style construction-equipment maker (smaller scale).
Moat: narrow (brand, distribution, cost advantage). Established domestic brand and dealer network with cost-competitive manufacturing.
Headquarters: Shanghai, China · Founded: 1993 · Employees: 8,239
Size Lonking (3339.HK) is a Hong Kong Industrials company (Trucks/Construction/Farm Machinery) with a market value of $1.57B, the 480th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$2.88 on 6 Nov 2026.
Performance Over six months the shares fell 14.4%, against -12.9% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue grew 21.9% over the last twelve months (peer median +8.6%); the operating margin is 11.8% (peer median 7.6%).
Valuation It trades at 7.0× forward earnings against a peer median of 14.4× (cheapest of 17).
Capital Return on invested capital runs 20.6 points above its cost of capital (9.1% WACC).
Next results Next results expected around 30 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | HK$13.7B | HK$12.2B | HK$11.1B | HK$11.6B | HK$13.0B |
| Revenue growth | — | +10% | -5% | -10% | — |
| Gross profit | HK$3.02B | HK$2.60B | HK$2.17B | HK$2.04B | HK$2.17B |
| EBITDA | HK$1.90B | HK$1.62B | HK$1.34B | HK$1.10B | HK$963M |
| Net income | HK$1.61B | HK$1.41B | HK$1.10B | HK$713M | HK$466M |
| Free cash flow | HK$1.32B | HK$1.35B | HK$1.32B | HK$1.79B | HK$1.89B |
| Capital expenditure | HK$133M | HK$66.7M | HK$90.5M | HK$206M | HK$278M |
| Total debt | n/a | HK$2.40B | HK$1.96B | HK$2.78B | HK$3.59B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Lonking 3339.HK | $1.57B | -14% | +22% | 12% | 7.0× | n/a |
| Sany Heavy Industry 600031.SS | $24.6B | -4% | +18% | 11% | 17.4× | -2.6% |
| XCMG Construction Machinery 000425.SZ | $12.6B | -28% | +8% | 8% | 11.0× | -3.2% |
| Caterpillar CAT | $257B | -38% | +20% | 19% | 18.8× | 18.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 3339.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.1% | -4.5% | 9th lowest of 21 |
| 6-month return | -14.4% | -12.9% | 10th lowest of 21 |
| Distance from 52-week high | -20.3% | -36.5% | 6th highest of 21 |
| Revenue growth (TTM) | +21.9% | +8.6% | 5th highest of 21 |
| Operating margin | 11.8% | 7.6% | 9th highest of 21 |
| Forward P/E | 7.0× | 14.4× | cheapest of 17 |
| ROIC minus cost of capital | +20.6 pp | -0.9 pp | 3rd highest of 21 |
| EV / EBITDA | 1.9× | 9.9× | cheapest of 13 |
| Net debt / EBITDA | -4.6× | 0.8× | least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lonking 3339.HK | Hong Kong | $1.57B | -14% | +22% | 12% | 7.0× | n/a | n/a |
| Swan Defence and Heavy Industries SWANDEF.NS | India | $1.54B | +48% | +642% | -109% | n/a | 57.1% | +113.9% |
| Namura Shipbuilding 7014.T | Japan | $1.62B | -9% | +7% | 19% | 9.9× | -3.1% | +10.1% |
| Alamo ALG | United States | $1.63B | -18% | +2% | 7% | 11.6× | 7.0% | +6.6% |
| Bestway Marine & Energy Technology 300008.SZ | China | $1.51B | -29% | +1% | 8% | 30.6× | 14.5% | +54.0% |
| Hanwha Engine 082740.KS | South Korea | $1.50B | -72% | +3% | 12% | 10.9× | -0.3% | +10.6% |
| Action Construction Equipment ACE.NS | India | $1.47B | +29% | +5% | 15% | 29.0× | 29.6% | +21.7% |
| Wacker Neuson WAC.DE | Germany | $1.71B | +20% | +14% | 7% | 13.4× | 1.5% | +6.6% |
| CoCreation Grass 605099.SS | China | $1.72B | -41% | +10% | 21% | 15.4× | 2.2% | +12.3% |
| JiangSu Changling Hydraulic 605389.SS | China | $1.72B | -32% | +19% | 12% | n/a | 36.1% | +4.4% |
| Xiangyang Changyuandonggu Industry 603950.SS | China | $1.72B | -36% | -8% | 17% | 22.8× | 22.1% | +6.1% |
| BEML BEML.NS | India | $1.72B | -2% | +13% | 6% | 39.1× | n/a | n/a |
| Weichai Heavy Machinery 000880.SZ | China | $1.44B | -33% | +58% | 2% | n/a | 6.8% | +13.1% |
| Comer Industries COM.MI | Italy | $1.43B | -18% | +31% | 10% | 13.5× | 3.1% | +17.7% |
| Deutz DEZ.DE | Germany | $1.74B | -13% | +11% | 5% | 11.4× | 19.8% | +9.5% |
| Hengbo 301225.SZ | China | $1.41B | -11% | +69% | 7% | 85.7× | n/a | n/a |
| Ingersoll-Rand (India) INGERRAND.NS | India | $1.33B | -13% | +8% | 23% | 41.2× | 34.1% | +17.6% |
| Nisshinbo 3105.T | Japan | $1.87B | -9% | +2% | 7% | 11.5× | 3.6% | +1.9% |
| Alimak ALIG.ST | Sweden | $1.31B | +13% | -2% | 15% | 16.6× | 8.5% | +12.9% |
| Beijing Jiuzhouyigui Environmental Technology 688485.SS | China | $1.91B | +29% | +9% | 2% | n/a | n/a | n/a |
| Greenbrier Companies GBX | United States | $1.29B | -18% | -24% | 4% | 13.0× | n/a | n/a |