XCMG(000425)2025-02-15 09:30Group 1: Domestic Market Outlook - The company anticipates positive signs in the domestic market, particularly in earthmoving machinery, which has shown growth for several consecutive months [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 drivers for growth include urbanization, significant investment growth, the development of the new energy sector, equipment renewal needs, and growth potential in niche markets [2] Group 2: Profitability and Dividends - The company believes there is further room for improvement in product gross margins, with strategies focused on stabilizing prices, reducing costs, and adjusting product and market structures [3] - The company plans to maintain a cumulative cash dividend of no less than 40% of the distributable profits for the years 2025-2027 [3] Group 3: Export Market Expectations - The company expects continued growth in export revenues, driven by the increasing demand in overseas markets and the enhancement of domestic product quality [3] - The company has a global marketing network covering over 190 countries and regions, with international revenue accounting for 46.7% in the first three quarters of 2024 [4] Group 4: Export Product Breakdown - In the first half of 2024, the main export products and their respective shares are: earthmoving machinery (38%), lifting machinery (26%), mining machinery (8%), and road machinery (7%) [4]