2024-09-12 09:39Group 1: Company Performance and Goals - The company aims to achieve its 2024 equity incentive target, with a sales profit margin of 7.9% in the first half of 2024, close to the annual goal [2] - Measures to reach the target include adjusting product structure to increase market share of high-profit engines, enhancing operational quality in various business segments, and improving profitability [2][3] Group 2: Agricultural Machinery Performance - In the first half of 2024, sales of agricultural machinery products reached approximately 77,000 units, a year-on-year increase of 17.5% [3] - Revenue from agricultural machinery was about 9.8 billion yuan, up 28.1% year-on-year, with net profit around 560 million yuan, reflecting a 34.8% increase [3] - The proportion of tractors over 100 horsepower increased by 8 percentage points, while those over 200 horsepower rose by 3 percentage points [3] Group 3: Large Bore Engine Business - Sales of the M series large bore high-speed engines were approximately 3,600 units in the first half of the year, remaining stable compared to the same period last year [3] - The company expects steady growth in sales of large bore engines for the full year, with significant product structure optimization [3] - The global data center business development presents a favorable outlook for the large bore engine industry, with the company maintaining sufficient production capacity and focusing on high-end market breakthroughs [3]