Core Viewpoint - The U.S. construction machinery rental industry is expected to benefit from the Inflation Reduction Act, manufacturing reshoring, and potential interest rate cuts by the Federal Reserve, with minimal direct impact from tariffs [1] Group 1: Industry Growth Drivers - The anticipated interest rate cuts by the Federal Reserve and the Inflation Reduction Act are expected to stimulate overall construction demand in the U.S. [1] - The manufacturing reshoring trend and the recovery in the housing market are contributing positively to the growth of the construction machinery rental and manufacturing sectors [1] Group 2: Company Performance - Year-to-date, leading U.S. construction machinery rental provider United Rentals has outperformed the S&P 500 index [1] - Compared to construction machinery manufacturers, rental providers have a domestic focus for both upstream suppliers and downstream customers, resulting in less negative impact from tariffs [1]

Group 1 - The company's net profit is approximately -447 million yuan [1] - The performance forecast period is not specified, and the forecast has not been audited by a registered accountant [1] - The previous year's net profit attributable to shareholders was -421.12 million yuan, with a loss per share of -0.3350 yuan [1] Group 2 - The main reasons for the current performance loss include reduced project commencement rates and low equipment utilization and rental prices [1] - Non-operating income and expenses did not have a significant impact on the current performance [1] - Accounting treatment did not significantly affect the current performance [1]