XCMG(000425)2025-02-08 10:00Group 1: Domestic Market Outlook - The company observes positive signs in the domestic market, particularly in earthmoving machinery, which has seen continuous recovery [2] - The "two-step" strategy proposed by the government is still in its initial phase, but the company maintains an optimistic outlook on the economy and the engineering machinery industry [2] - Key factors supporting this optimism include uneven urbanization development, significant internal investment growth, the development of the new energy industry, natural equipment replacement demand, and growth potential in niche markets [2] Group 2: Export Market Expectations - The company expects the overseas market to maintain a good trend, with export revenue continuing to grow [3] - The overseas market is characterized by growth potential, with sustained demand for domestic brands and improved product quality enhancing competitiveness [3] - The company’s international revenue accounted for 46.7% in the first three quarters of 2024, indicating strong global market penetration [3] Group 3: Global Market Strategy - The company has a comprehensive global layout, with a marketing network covering over 190 countries and regions [3] - Major export regions include Southeast Asia, Central Asia, Africa, South America, Europe, North America, and the Middle East and North Africa [3] - The company emphasizes long-term cooperation with distributors for overseas sales, adapting strategies to local conditions [3] Group 4: Mining and Agricultural Machinery - The company ranks first in the domestic market and among the top five globally in mining machinery, with mining excavators accounting for over 35% of revenue and mining trucks nearly 50% [3] - The agricultural machinery division, established in June 2020, focuses on tractors and harvesting machinery, with significant advancements in product reputation and market expansion expected in 2024 [3]