Ge Long Hui A P P·2025-09-02 08:28Core Viewpoint - Pacific Securities report indicates that LiuGong achieved a net profit attributable to shareholders of 1.23 billion yuan in the first half of the year, representing a year-on-year growth of 25.05%, aligning with the previous performance forecast range of 20%-30% [1] Group 1: Financial Performance - In the first half of the year, LiuGong's revenue showed steady growth, with earth-moving machinery products outperforming the industry [1] - The company's overseas business accounted for 46.88% of total revenue in the first half of 2025, becoming a "ballast" for the company's performance growth [1] Group 2: Market Expansion - The growth momentum in overseas emerging markets is strong, with revenue growth rates in key regions such as South Asia, Central Asia, Indonesia, and Africa exceeding 80% [1] Group 3: Strategic Goals - According to the company's board resolution, LiuGong aims to achieve a revenue target of 60 billion yuan by 2030, with international revenue accounting for over 60% and a net profit margin of no less than 8% [1] - The six-month target price is set at 15.82 yuan, corresponding to a 17 times PE for 2025, with a "buy" rating given [1]