12月19日，新筑股份盘中上涨2.19%，截至09:51，报6.06元/股，成交1532.52万元，换手率0.33%，总市 值46.61亿元。 新筑股份所属申万行业为：公用事业-电力-光伏发电。所属概念板块包括：PPP概念、西部开发、绿色 电力、并购重组、钒电池等。 截至12月10日，新筑股份股东户数2.85万，较上期减少1.14%；人均流通股26960股，较上期增加 1.16%。2025年1月-9月，新筑股份实现营业收入10.57亿元，同比减少36.97%；归母净利润-4229.18万 元，同比增长83.39%。 分红方面，新筑股份A股上市后累计派现1.24亿元。近三年，累计派现0.00元。 责任编辑：小浪快报 资金流向方面，主力资金净流入1.47万元，大单买入196.55万元，占比12.83%，卖出195.08万元，占比 12.73%。 新筑股份今年以来股价涨17.44%，近5个交易日涨1.68%，近20日跌2.10%，近60日跌12.17%。 今年以来新筑股份已经3次登上龙虎榜，最近一次登上龙虎榜为6月12日，当日龙虎榜净买入1688.18万 元；买入总计4161.38万元 ，占总成交额比13.62%； ...

Excavator Market Overview - In November 2025, a total of 20,027 excavators were sold, representing a year-on-year increase of 13.9%. Domestic sales accounted for 9,842 units (up 9.11%), while exports reached 10,185 units (up 18.8%) [1][2]. - Cumulatively, from January to November 2025, 212,162 excavators were sold, marking a 16.7% increase year-on-year. Domestic sales were 108,187 units (up 18.6%), and exports were 103,975 units (up 14.9%) [2]. Loader Market Overview - In November 2025, 11,419 loaders were sold, showing a significant year-on-year growth of 32.1%. Domestic sales were 5,671 units (up 29.4%), and exports were 5,748 units (up 34.8%) [4][5]. - For the period from January to November 2025, a total of 115,831 loaders were sold, reflecting a year-on-year increase of 17.2%. Domestic sales reached 61,039 units (up 22.5%), while exports totaled 54,792 units (up 11.9%) [5]. Electric Excavator Market - In November 2025, 19 electric excavators were sold, categorized by weight: 5 units under 6 tons, 2 units between 6-10 tons, 1 unit between 10-18.5 tons, and 11 units between 18.5-28.5 tons [3]. Electric Loader Market - November 2025 saw the sale of 2,935 electric loaders, with the following breakdown: 38 units under 3 tons, 181 units at 3 tons, 7 units at 4 tons, 1,738 units at 5 tons, 823 units at 6 tons, 138 units at 7 tons, 3 units at 8 tons, and 4 units over 8 tons [6]. Grader Market Overview - In November 2025, 650 graders were sold, reflecting a year-on-year increase of 24%. Domestic sales were 111 units (up 24.7%), and exports were 539 units (up 23.9%) [7]. - From January to November 2025, a total of 7,568 graders were sold, marking a year-on-year increase of 7.79%. Domestic sales were 1,335 units (up 29.5%), while exports were 6,233 units (up 4.06%) [7]. Crane Market Overview - In November 2025, 1,536 truck cranes were sold, with a year-on-year growth of 16.6%. Domestic sales were 780 units (up 25.8%), and exports were 756 units (up 8.46%) [8]. - Cumulatively, from January to November 2025, 18,063 truck cranes were sold, showing a decline of 1.38% year-on-year. Domestic sales were 9,773 units (down 1.02%), and exports were 8,290 units (down 1.8%) [9]. Forklift Market Overview - In November 2025, 119,749 forklifts were sold, representing a year-on-year increase of 14.1%. Domestic sales were 75,242 units (up 23.9%), while exports were 44,507 units (up 0.7%) [11]. - From January to November 2025, a total of 1,340,405 forklifts were sold, marking a year-on-year increase of 14.2%. Domestic sales were 843,005 units (up 14.3%), and exports were 497,400 units (up 14%) [11]. Roller Market Overview - In November 2025, 1,392 rollers were sold, showing a year-on-year increase of 39.3%. Domestic sales were 427 units (up 23.1%), and exports were 965 units (up 48%) [12]. - Cumulatively, from January to November 2025, 16,118 rollers were sold, reflecting a year-on-year increase of 23%. Domestic sales were 6,024 units (up 17.4%), while exports were 10,094 units (up 26.5%) [12]. Paver Market Overview - In November 2025, 79 pavers were sold, indicating a year-on-year decline of 11.2%. Domestic sales were 62 units (up 14.8%), while exports were 17 units (down 51.4%) [13]. - From January to November 2025, a total of 1,431 pavers were sold, marking a year-on-year increase of 27.9%. Domestic sales were 1,023 units (up 38.1%), and exports were 408 units (up 7.94%) [14]. Aerial Work Platform Market Overview - In November 2025, 9,824 aerial work platforms were sold, reflecting a year-on-year decline of 22.4%. Domestic sales were 4,416 units (up 20.7%), while exports were 5,048 units (down 39.9%) [15]. - From January to November 2025, a total of 150,845 aerial work platforms were sold, indicating a year-on-year decline of 30.1%. Domestic sales were 59,440 units (down 43.4%), and exports were 91,405 units (down 17.5%) [15]. High-altitude Work Vehicle Market Overview - In November 2025, 422 high-altitude work vehicles were sold, showing a year-on-year decline of 6.01%. Domestic sales were 387 units (down 10.8%), while exports were 35 units (up 133%) [16]. - From January to November 2025, a total of 4,562 high-altitude work vehicles were sold, marking a year-on-year increase of 32%. Domestic sales were 4,351 units (up 31.3%), and exports were 211 units (up 50.7%) [16].

智通财经APP获悉，据中国工程机械工业协会对平地机主要制造企业统计，2025年11月当月销售各类平 地机650台，同比增长24%，其中国内销量111台，同比增长24.7%；出口量539台，同比增长23.9%。 2025年1—11月，共销售平地机7568台，同比增长7.79%；其中国内销量1335台，同比增长29.5%；出口 6233台，同比增长4.06%。 据中国工程机械工业协会对汽车起重机主要制造企业统计，2025年11月当月销售各类汽车起重机1536 台，同比增长16.6%，其中国内销量780台，同比增长25.8%；出口量756台，同比增长8.46%。 2025年1—11月，共销售汽车起重机18063台，同比下降1.38%；其中国内销量9773台，同比下降 1.02%；出口8290台，同比下降1.8%。 据中国工程机械工业协会对履带起重机主要制造企业统计，2025年11月当月销售各类履带起重机329 台，同比增长66.2%，其中国内销量109台，同比增长102%；出口量220台，同比增长52.8%。 2025年1—11月，共销售履带起重机3030台，同比增长26.5%；其中国内销量960台，同比增长27. ...

证券代码：000680 证券简称：山推股份 山推工程机械股份有限公司 投资者关系活动记录表 投资者关系活动 类别 【请在您选择的方式的"（ ）"中打"√"，下同】 （ √）特定对象调研 （ ）分析师会议 （ ）媒体采访 （ ）业绩说明会 （ ）新闻发布会 （ ）路演活动 （ √）现场参观 （ ）其他 （请文字说明其他活动内容） 参与单位名称及 人员姓名 光大证券：陈佳宁、夏天宇 时间 2025 年 12 月 10 日 地点 山推股份办公楼 201 会议室 上市公司接待 人员姓名 肖尧 投资者关系活动 主要内容介绍 一、互动交流 1、公司目前主要的产品及经营模式 公司主营业务收入以生产销售推土机、挖掘机、装载机、压 路机、平地机、摊铺机、铣刨机、混凝土机械等主机产品及履带底 盘总成、传动部件等核心零部件产品为主。主要生产模式为，根据 市场预测及合理库存，动态安排生产任务，由相关生产部门组织生 产。产品销售方面，采取主机产品以代理经销制为主、零部件销售 以向工程机械主机厂商配套和代理销售相结合的销售模式，同时拓 展多元化业务模式，开展经营性租赁业务，针对不同客户需求增加 驻矿服务、分级服务套餐（基础保养、延保增值 ...

Group 1: Grader Sales - In October 2025, a total of 634 graders were sold, representing a year-on-year increase of 4.11%, with domestic sales of 102 units (up 22.9%) and exports of 532 units (up 1.14%) [1] - From January to October 2025, 6,918 graders were sold, marking a 6.48% increase year-on-year, with domestic sales of 1,224 units (up 29.9%) and exports of 5,694 units (up 2.5%) [1] Group 2: Truck Cranes - In October 2025, 1,422 truck cranes were sold, showing a year-on-year growth of 15%, with domestic sales of 738 units (up 41.7%) and exports of 684 units (down 4.47%) [2] - For the period from January to October 2025, a total of 16,527 truck cranes were sold, reflecting a year-on-year decline of 2.78%, with domestic sales of 8,993 units (down 2.82%) and exports of 7,534 units (down 2.72%) [2] Group 3: Crawler Cranes - In October 2025, 336 crawler cranes were sold, which is a significant year-on-year increase of 71.4%, with domestic sales of 97 units (up 54%) and exports of 239 units (up 79.7%) [3] - From January to October 2025, 2,701 crawler cranes were sold, representing a year-on-year increase of 22.9%, with domestic sales of 851 units (up 21.6%) and exports of 1,850 units (up 23.6%) [3] Group 4: Truck-Mounted Cranes - In October 2025, 1,907 truck-mounted cranes were sold, reflecting a year-on-year increase of 10.2%, with domestic sales of 1,528 units (up 2.41%) and exports of 379 units (up 59.2%) [4] - From January to October 2025, a total of 20,909 truck-mounted cranes were sold, marking a year-on-year increase of 5.87%, with domestic sales of 16,271 units (up 3.01%) and exports of 4,638 units (up 17.3%) [4] Group 5: Tower Cranes - In October 2025, 329 tower cranes were sold, which is a year-on-year decrease of 6.8%, with domestic sales of 199 units (down 16.7%) and exports of 130 units (up 14%) [5] - From January to October 2025, a total of 4,463 tower cranes were sold, reflecting a year-on-year decline of 30.6%, with domestic sales of 2,384 units (down 50.4%) and exports of 2,079 units (up 28.3%) [5] Group 6: Industrial Vehicles - In October 2025, 114,250 forklifts were sold, showing a year-on-year increase of 15.9%, with domestic sales of 70,388 units (up 16.2%) and exports of 43,862 units (up 15.4%) [6] - From January to October 2025, a total of 1,220,656 forklifts were sold, representing a year-on-year increase of 14.2%, with domestic sales of 767,763 units (up 13.4%) and exports of 452,893 units (up 15.5%) [6] Group 7: Rollers - In October 2025, 1,162 rollers were sold, indicating a year-on-year increase of 19.3%, with domestic sales of 421 units (up 6.85%) and exports of 741 units (up 27.8%) [8] - From January to October 2025, a total of 14,726 rollers were sold, reflecting a year-on-year increase of 21.6%, with domestic sales of 5,597 units (up 17%) and exports of 9,129 units (up 24.6%) [8] Group 8: Pavers - In October 2025, 103 pavers were sold, which is a year-on-year increase of 21.2%, with domestic sales of 63 units (up 8.62%) and exports of 40 units (up 48.1%) [9] - From January to October 2025, a total of 1,352 pavers were sold, marking a year-on-year increase of 31.3%, with domestic sales of 961 units (up 39.9%) and exports of 391 units (up 14%) [9] Group 9: Aerial Work Platforms - In October 2025, 9,120 aerial work platforms were sold, reflecting a year-on-year decrease of 38.8%, with domestic sales of 3,856 units (down 41.8%) and exports of 5,264 units (down 36.3%) [10] - From January to October 2025, a total of 141,021 aerial work platforms were sold, indicating a year-on-year decline of 30.6%, with domestic sales of 55,024 units (down 45.7%) and exports of 85,997 units (down 15.6%) [10] Group 10: High-altitude Work Vehicles - In October 2025, 322 high-altitude work vehicles were sold, showing a year-on-year increase of 5.23%, with domestic sales of 319 units (up 16.8%) and exports of 3 units (down 90.9%) [11] - From January to October 2025, a total of 4,140 high-altitude work vehicles were sold, reflecting a year-on-year increase of 37.7%, with domestic sales of 3,964 units (up 37.6%) and exports of 176 units (up 40.8%) [11]

Industry Overview - The construction machinery sector is experiencing a recovery, with excavator sales maintaining a positive trend and both domestic and international market sales showing rapid year-on-year growth [1] - Non-excavator categories such as truck cranes, crawler cranes, truck-mounted cranes, and pavers are also witnessing significant sales increases [1] - Factors such as favorable downstream projects like hydropower and urban renewal are expected to continue driving demand for construction machinery [1] - The reduction of tariff disturbances in major global regions is enhancing the cost-performance advantage of domestic equipment [1] - The industry is anticipated to maintain a recovery trend due to large-scale equipment renewal policies [1] Export and Production Data - In September 2025, China's construction machinery export value reached $5.271 billion, a year-on-year increase of 29.6%, while import value was $234 million, up 18.5%, leading to a significant trade surplus [1] - The production of industrial robots increased by 28.3% year-on-year, driven by policies promoting equipment renewal and loan subsidies [1] - The "14th Five-Year Plan" emphasizes the development of high-end machine tools, which is expected to accelerate domestic advancements in this area [1] Company Performance - Zoomlion reported revenue of 37.156 billion yuan for the first three quarters of 2025, a year-on-year increase of 8.06%, with net profit attributable to shareholders rising by 24.89% to 3.92 billion yuan [1] - XCMG achieved revenue of 78.157 billion yuan, up 11.61%, and net profit of 5.977 billion yuan, an increase of 11.67% [2] - Hengli Hydraulic's revenue for the same period was 7.790 billion yuan, a 12.31% increase, with net profit rising by 16.49% to 2.087 billion yuan [2] - Hengli Hydraulic's Q3 revenue grew by 24.53% year-on-year, and net profit increased by 30.60% [2] - The cash flow from operating activities for both Zoomlion and XCMG showed significant improvements, with increases of 137.3% and 178.47%, respectively [1][2] Market Indicators - The tower crane rental industry’s utilization rate was reported at 57.3% in September 2025, with a rental price index of 497.31 points, reflecting a month-on-month increase [2] - The construction machinery ETF (560280) saw a strong increase of 2.54% as of November 6, 2025, with significant growth in both scale and share volume over the past three months [3] - The top ten weighted stocks in the ETF accounted for 69.81% of the total, with notable performances from Weichai Power and Hengli Hydraulic [3]

Group 1: Growth Strategy - The company aims to leverage its core industry chain advantages to enrich its product matrix and increase market share [2] - The AI strategy will guide the deepening of smart construction business layout, advancing into a new era of intelligence [2] - The company plans to strengthen its global presence while maintaining a leading position in international trends [2] - Continuous upgrades to the business model will focus on creating a closed-loop around the entire lifecycle of construction machinery [2] Group 2: New Product Development - The company adheres to a market-oriented approach, driven by quality and centered on intelligent technology [2] - On June 18, 2025, the company launched the world's first AI intelligent bulldozer [2] - On September 2, 2025, the company delivered the world's first AI pure electric unmanned bulldozer [2] - At the Shandong Heavy Industry Group exhibition, two hybrid mining equipment models were showcased: DEH100 hybrid bulldozer and LEH120 hybrid wheeled loader [3] Group 3: Major Projects Participation - In the first half of 2025, the company participated in various projects including open-pit coal mining in Xinjiang and Inner Mongolia, and smart transformation projects [3] - The company utilized its strong group synergy, product advantages, brand strength, and cultural advantages in these projects [3] - Notable projects included photovoltaic sand control in Inner Mongolia, water conservancy construction in Burkina Faso, and road integration projects in Kyrgyzstan [3]

Group 1: Excavator Market Overview - In September 2025, a total of 19,858 excavators were sold, representing a year-on-year increase of 25.4%. Domestic sales accounted for 9,249 units, up 21.5%, while exports reached 10,609 units, up 29% [1][2] - From January to September 2025, a total of 174,039 excavators were sold, marking an 18.1% increase year-on-year. Domestic sales were 89,877 units, up 21.5%, and exports were 84,162 units, up 14.6% [2] Group 2: Loader Market Overview - In September 2025, 10,530 loaders were sold, reflecting a 30.5% year-on-year growth. Domestic sales were 5,051 units, up 25.6%, and exports were 5,479 units, up 35.3% [5][6] - For the period from January to September 2025, a total of 93,739 loaders were sold, which is a 14.6% increase year-on-year. Domestic sales reached 49,996 units, up 20.7%, while exports were 43,743 units, up 8.31% [6] Group 3: Electric Excavator Sales - In September 2025, 31 electric excavators were sold, with 5 units under 6 tons, 17 units between 18.5 to 28.5 tons, 1 unit between 28.5 to 40 tons, and 8 units over 40 tons [3] Group 4: Grader Market Overview - In September 2025, 634 graders were sold, showing a year-on-year increase of 21.9%. Domestic sales were 99 units, up 6.45%, and exports were 535 units, up 25.3% [8] - From January to September 2025, a total of 6,284 graders were sold, which is a 6.73% increase year-on-year. Domestic sales were 1,122 units, up 30.6%, while exports were 5,162 units, up 2.64% [8] Group 5: Crane Market Overview - In September 2025, 1,561 truck cranes were sold, reflecting a year-on-year increase of 21.9%. Domestic sales were 764 units, up 40.7%, and exports were 797 units, up 7.99% [9] - For the period from January to September 2025, a total of 15,105 truck cranes were sold, which is a 4.17% decrease year-on-year. Domestic sales were 8,255 units, down 5.47%, and exports were 6,850 units, down 2.55% [9] Group 6: Forklift Market Overview - In September 2025, 130,380 forklifts were sold, representing a year-on-year increase of 23%. Domestic sales were 81,119 units, up 29.3%, and exports were 49,261 units, up 13.9% [15] - From January to September 2025, a total of 1,106,406 forklifts were sold, marking a 14% increase year-on-year. Domestic sales were 697,375 units, up 13.1%, while exports were 409,031 units, up 15.5% [15] Group 7: Roller Market Overview - In September 2025, 1,392 rollers were sold, showing a year-on-year increase of 32.2%. Domestic sales were 551 units, up 45.4%, and exports were 841 units, up 24.8% [16] - From January to September 2025, a total of 13,564 rollers were sold, which is a 21.8% increase year-on-year. Domestic sales were 5,176 units, up 18%, while exports were 8,388 units, up 24.3% [16] Group 8: Paver Market Overview - In September 2025, 132 pavers were sold, reflecting a year-on-year increase of 22.2%. Domestic sales were 82 units, up 32.3%, and exports were 50 units, up 8.7% [17] - From January to September 2025, a total of 1,249 pavers were sold, which is a 32.2% increase year-on-year. Domestic sales were 898 units, up 42.8%, while exports were 351 units, up 11.1% [17] Group 9: Aerial Work Platform Market Overview - In September 2025, 12,416 aerial work platforms were sold, showing a year-on-year decrease of 23.8%. Domestic sales were 5,334 units, down 32.7%, and exports were 7,082 units, down 15.3% [19] - From January to September 2025, a total of 131,901 aerial work platforms were sold, which is a 30% decrease year-on-year. Domestic sales were 51,168 units, down 46%, while exports were 80,733 units, down 13.7% [19] Group 10: High-altitude Work Vehicle Market Overview - In September 2025, 484 high-altitude work vehicles were sold, reflecting a year-on-year increase of 48%. Domestic sales were 456 units, up 42.9%, and exports were 28 units, up 250% [20] - From January to September 2025, a total of 3,818 high-altitude work vehicles were sold, marking a 41.4% increase year-on-year. Domestic sales were 3,645 units, up 39.8%, while exports were 173 units, up 88% [20]

Group 1: Grader Sales - In September 2025, a total of 634 graders were sold, representing a year-on-year increase of 21.9%, with domestic sales of 99 units (up 6.45%) and exports of 535 units (up 25.3%) [1] - From January to September 2025, 6,284 graders were sold, marking a 6.73% increase year-on-year, with domestic sales of 1,122 units (up 30.6%) and exports of 5,162 units (up 2.64%) [1] Group 2: Truck Crane Sales - In September 2025, 1,561 truck cranes were sold, a year-on-year increase of 21.9%, with domestic sales of 764 units (up 40.7%) and exports of 797 units (up 7.99%) [2] - From January to September 2025, total sales of truck cranes reached 15,105 units, a decline of 4.17% year-on-year, with domestic sales of 8,255 units (down 5.47%) and exports of 6,850 units (down 2.55%) [2] Group 3: Crawler Crane Sales - In September 2025, 285 crawler cranes were sold, reflecting a year-on-year increase of 33.2%, with domestic sales of 110 units (up 66.7%) and exports of 175 units (up 18.2%) [3] - From January to September 2025, 2,365 crawler cranes were sold, representing an 18.2% increase year-on-year, with domestic sales of 754 units (up 18.4%) and exports of 1,611 units (up 18.1%) [3] Group 4: Truck-Mounted Crane Sales - In September 2025, 2,131 truck-mounted cranes were sold, a year-on-year increase of 22%, with domestic sales of 1,585 units (up 29.8%) and exports of 546 units (up 3.8%) [4] - From January to September 2025, total sales of truck-mounted cranes reached 19,002 units, a year-on-year increase of 5.46%, with domestic sales of 14,743 units (up 3.08%) and exports of 4,259 units (up 14.6%) [4] Group 5: Tower Crane Sales - In September 2025, 529 tower cranes were sold, a year-on-year decrease of 7.68%, with domestic sales of 249 units (down 29.7%) and exports of 280 units (up 27.9%) [5] - From January to September 2025, total sales of tower cranes were 4,134 units, a decline of 31.9% year-on-year, with domestic sales of 2,185 units (down 52.2%) and exports of 1,949 units (up 29.4%) [5] Group 6: Industrial Vehicle Sales - In September 2025, 130,380 forklifts were sold, representing a year-on-year increase of 23%, with domestic sales of 81,119 units (up 29.3%) and exports of 49,261 units (up 13.9%) [6] - From January to September 2025, total sales of forklifts reached 1,106,406 units, a year-on-year increase of 14%, with domestic sales of 697,375 units (up 13.1%) and exports of 409,031 units (up 15.5%) [6] Group 7: Roller Sales - In September 2025, 1,392 rollers were sold, reflecting a year-on-year increase of 32.2%, with domestic sales of 551 units (up 45.4%) and exports of 841 units (up 24.8%) [8] - From January to September 2025, total sales of rollers reached 13,564 units, a year-on-year increase of 21.8%, with domestic sales of 5,176 units (up 18%) and exports of 8,388 units (up 24.3%) [8] Group 8: Paver Sales - In September 2025, 132 pavers were sold, a year-on-year increase of 22.2%, with domestic sales of 82 units (up 32.3%) and exports of 50 units (up 8.7%) [9] - From January to September 2025, total sales of pavers reached 1,249 units, marking a year-on-year increase of 32.2%, with domestic sales of 898 units (up 42.8%) and exports of 351 units (up 11.1%) [9] Group 9: Aerial Work Platform Sales - In September 2025, 12,416 aerial work platforms were sold, a year-on-year decrease of 23.8%, with domestic sales of 5,334 units (down 32.7%) and exports of 7,082 units (down 15.3%) [10] - From January to September 2025, total sales of aerial work platforms reached 131,901 units, a year-on-year decrease of 30%, with domestic sales of 51,168 units (down 46%) and exports of 80,733 units (down 13.7%) [10] Group 10: High-altitude Work Vehicle Sales - In September 2025, 484 high-altitude work vehicles were sold, a year-on-year increase of 48%, with domestic sales of 456 units (up 42.9%) and exports of 28 units (up 250%) [11] - From January to September 2025, total sales of high-altitude work vehicles reached 3,818 units, a year-on-year increase of 41.4%, with domestic sales of 3,645 units (up 39.8%) and exports of 173 units (up 88%) [11]

Core Viewpoint - The article highlights the steady progress of infrastructure projects in China during the third quarter, with various types of construction equipment showing growth in operational hours, indicating a positive trend in fixed asset investment and economic changes [1][10]. Group 1: Equipment Performance - The average operating rate of construction machinery nationwide in the third quarter was 44.00%, with 19 provinces exceeding 50% [3]. - Among the equipment categories, lifting equipment had the highest average operating rate at 73.03%, indicating a concentration of infrastructure projects during this period [8]. - Five types of equipment, including stackers and pavers, achieved both year-on-year and quarter-on-quarter growth in operational hours [10]. Group 2: Regional Insights - The eastern region had an average operating rate of 44.70%, with Hebei's stacker work hours increasing by 214.47%, the highest in the category [18]. - The central region's average operating rate was 48.40%, with Jiangxi's stacker work volume surging by 106.45% [14]. - The western region benefited from the logistics boost from the New Land-Sea Corridor, achieving an average operating rate of 48.29%, with lifting equipment leading at 78.19% [16]. Group 3: Equipment Specifics - In the third quarter, stackers saw a total working hours increase of 29.13% year-on-year and 10.1% quarter-on-quarter [10]. - The operational rate for stackers in the northeastern region was 50.95%, the highest among all regions [12]. - The average operating rate for concrete mixing equipment in the eastern region was 46.49%, ranking first nationally [18].