LIUGONG(SZ:000528)2025-12-30 02:50Group 1: Financial Goals and Performance - The company's net profit margin target for 2025 is set to increase by over 1 percentage point, while the target for 2026 is adjusted to over 0.5 percentage points, balancing practicality and ambition [2][3] - The company anticipates significant challenges in achieving the 2025 profit margin growth due to intense domestic competition and impairment provisions [3] Group 2: Overseas Market Strategy - The company has a balanced revenue distribution across nine overseas regions, with overall income, sales, and profits reaching new highs in the first three quarters [3][4] - The overseas construction machinery market is expected to see positive growth in 2026, with the company planning to increase resource investment in overseas markets [4] Group 3: Mining Machinery Outlook - The mining business is projected to recover starting in 2026, driven by rising global mineral prices and enhanced product offerings [4] - The company aims to establish long-term strategic partnerships with major mining enterprises to strengthen its market position [4] Group 4: Agricultural Machinery Development - The agricultural machinery sector is positioned as a strategic emerging business, with plans to enhance product technology and quality [5] - The company has initiated small-scale sales of high-power tractors and expects to launch them in larger volumes starting in 2026 [5] Group 5: Shareholder Incentives - The company has repurchased approximately 55.23 million shares for a new round of equity incentives or employee stock ownership plans [6] - A detailed incentive plan is being developed, pending approval from regulatory authorities [6] Group 6: Global Production Capacity - The company is enhancing its global production capacity, with ongoing projects in South Asia and Indonesia expected to be operational in the coming years [8] - Plans for low-cost manufacturing overseas are in place to mitigate risks from geopolitical tensions and trade disputes [8]