XCMG Machinery: It is expected that the industry's exports will continue to maintain a growth rate of more than 10% in the second half of the year.

XCMG Machinery recently stated at a performance briefing that, benefiting from global industry layout, technological innovation, and expansion in emerging markets, the industry's exports are expected to continue to grow by over 10% in the second half of the year. With the policy dividend, renewal cycle, and the intelligentization of new energy overlapping in the second half of the year, domestic sales are expected to continue to rebound. The company believes that overseas markets will continue to perform well, and export revenue will remain strong. Firstly, overseas markets have growth characteristics for domestic brands, with sustained demand; secondly, with the continuous improvement in the quality of domestic products and the increasingly mature channel layout of domestic companies overseas, as well as the accelerated development of after-sales service markets, the comprehensive competitiveness of domestic brands is increasing, and market penetration in overseas markets is also increasing; thirdly, looking at the market share of major regions, there is still a lot of room for improvement for most products; lastly, key domestic enterprises are adjusting global production capacity planning, implementing localization strategies, and accelerating their global layout. Overall, it is expected that the sales volume of Chinese brand industries in overseas markets will continue to grow this year.