XCMG(SZ:000425)2025-03-01 08:38Market Outlook - The domestic market is expected to gradually enter an upward cycle, with signs of recovery in the internal sales of the industry, particularly in earthmoving machinery [2][3]. - The company maintains an optimistic outlook on the engineering machinery industry, driven by factors such as uneven urban-rural development and the rapid growth of green energy [2]. Export Market Expectations - The company anticipates continued good performance in the overseas market, with export revenue expected to maintain strong growth [3]. - The international revenue for the first three quarters of 2024 accounted for 46.7% of the company's total revenue [3]. Product and Revenue Breakdown - In the first half of 2024, the export product breakdown is as follows: earthmoving machinery 38%, lifting machinery 26%, mining machinery 8%, and road machinery 7% [4]. - Revenue from North America accounted for approximately 1% of the company's total revenue in 2024 [4]. Profit Margin and Cost Management - 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]. International Aid Projects - The company has maintained a leading position in public bidding for engineering machinery procurement in international aid projects [4]. Artificial Intelligence Initiatives - The company has established an AI department to explore applications of AI in engineering machinery, achieving breakthroughs in intelligent perception, decision-making, and planning [5]. - A strategic partnership was formed with the China Industrial AI Research Institute to enhance the integration of AI technology in engineering machinery [5]. Robotics Development - Currently, the company does not produce humanoid robots but has established a subsidiary focused on developing various types of specialized robots for industrial automation and emergency response [5].