Xin Lang Cai Jing·2025-12-02 06:53Group 1 - The core viewpoint of the report is that the crane machinery sector in China is in the early stages of recovery, while the earth moving machinery sector is in a continuous upward cycle [1][5]. - The company Zoomlion (01157) is expected to benefit significantly from these trends due to its comprehensive product range, focus on emerging markets, and global capacity expansion [1][5]. - The target price for Zoomlion's A-shares has been raised from 9.9 RMB to 12 RMB, and the target price for its H-shares has been increased from 7.4 HKD to 9.2 HKD, with a reiterated "buy" rating [1][5]. Group 2 - The company has launched three types of humanoid robots, which are currently performing tasks in factories and are progressing towards mass production as planned [1][5]. - The profit forecast for the fiscal years 2025-2027 has been adjusted upward by 12-15% to reflect new industry sales assumptions, although humanoid robots have not yet been included in the financial model [1][5].