Recently, LIUGONG, a leader in China's construction machinery industry, released the first half of 2024 performance forecast, which is expected to achieve a net profit of 890 million yuan to 1.04 billion yuan, an increase of 45% to 70% year-on-year, and handed over a remarkable "half-year test" result. This performance not only highlights LIUGONG's strong competitiveness in the domestic and international markets, but also fully demonstrates the firm pace and remarkable results of the company on the road of high-quality development.

In the face of complex and changing international economic environment and geopolitical risks, LIUGONG has demonstrated strong resilience and adaptability. While maintaining steady growth, the company actively seeks new growth points, and through multi-point efforts such as scientific and technological innovation, intelligent manufacturing and internationalization strategy, it has achieved significant improvement in overall operational efficiency and continuous expansion of market share.

Scientific and technological innovation is the core driving force for LIUGONG's high-quality development. The company adheres to scientific and technological innovation as the guide, and continues to make breakthroughs in new technology fields such as electrification, intelligence and unmanned, leading the development trend of the industry. In May this year, LIUGONG successfully held the fourth May 28 Customer Festival, showing its latest electric and intelligent solutions and a series of innovative products to global customers, including the thoughtful loader -- T series loader, F series excavator with full electric control technology application, etc., which was widely praised.

In particular, it is worth mentioning that LIUGONG has made remarkable achievements in the field of electric construction machinery, leading the development of electric construction machinery in our country industry standard, to fill the industry gap. At present, LIUGONG has formed a range of electric products covering pure electric, hybrid, line pulling, power changing, power transmission and other technical routes. The sales volume is leading in the world, with a total of more than 5000 units, which are exported to more than 30 countries overseas. In the first half of this year, LIUGONG's electric loader batch delivery boom continued, and the electric excavator performed well in multiple application scenarios, further consolidating its leading position in the field of electrification.

In terms of intelligent manufacturing, LIUGONG actively promotes the construction of smart factories by means of equipment updating, process upgrading and product upgrading, realizing a significant reduction in the manufacturing cycle and a significant improvement in production efficiency. In LIUGONG excavator smart factory and loader smart factory, the efficient operation of intelligent equipment and unmanned device makes the production line radiant with new vitality, which provides strong support for the rapid development of the company.

Internationalization strategy is an important engine for LIUGONG's sustainable development. In the first half of this year, LIUGONG made a major breakthrough in overseas markets, not only gaining the largest single transaction volume of orders, but also successfully entering a number of new countries and regional markets. With forward-looking strategic layout and high-quality products and services, the company has won extensive recognition from international customers, further enhancing the brand influence and market competitiveness.

In addition, LIUGONG also actively responded to the call for reform of state-owned enterprises, focused on enhancing core functions and core competitiveness, and continuously stimulated the vitality of enterprises through deepening reform and innovative management. The establishment of the company's first industrial fund has injected new impetus into industrial innovation and capital integration.

Looking forward to the future, LIUGONG will continue to adhere to the innovation-driven development strategy, and continue to promote industrial upgrading and transformation and upgrading in the direction of high-end, green and intelligent, so as to provide global customers with more high-quality, efficient and environmentally friendly construction machinery products and services. At the same time, the company will continue to deepen the international strategic layout, expand broader market space and development opportunities, and make unremitting efforts to achieve the goal of high-quality development.