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LiuGong 2024 Global Dealer Conference Successfully Held
LIUZHOU, China, Nov. 7, 2024 /PRNewswire/ -- From November 6th. to 7th., 2024 LiuGong (000528.SZ) Global Dealer Conference & 11•26 Global Customer Festival was held in Liuzhou, Guangxi, at the
Guangxi Liugong Machinery (000528): Leading the way in national reform, delivering performance and diverse development blueprint.
Established in 1958, Guangxi Liugong Machinery, a long-established state-owned construction machinery enterprise, is rejuvenating and striving to create a world-class status through the 'Three Comprehensive Strategies'. Over its 65 years of development, it has built more than 30 complete product lines, including earthmoving, road construction, and mining machinery.
Guangxi Liugong Machinery (000528): Profit elasticity continues to be released, looking forward to the company's increased volume of small categories.
Core viewpoint 2024Q3 The company's revenue still maintains high-speed growth, with a year-on-year growth of about 12%. It is expected that both domestic and overseas revenue will perform well, with profits growing by nearly 60%, much higher than the revenue growth rate, mainly benefiting from the increase in the proportion of overseas revenue.
Guangxi Liugong Machinery (000528): Actively responding to differentiated demand to enhance market competitiveness.
Tab公司_S近um日m发布2024年三季度报告，2024年1-9月，公司实现营业收入22.856 billion元，同比增长8.25%；归母净利润1.321 billion
Does the price war of electric loaders affect the gross margin of electric products? guangxi liugong machinery responds.
On October 26th, Geelong Finance | Regarding the question of "How to view the rapid increase in the current penetration rate of electric wheel loaders and the increasingly intense price war? Will it affect the company's gross margin of electric products", guangxi liugong machinery stated at the performance briefing that guided by national policies and the continuous maturity of electric products, the domestic electric penetration rate has rapidly increased from 3% two years ago to around 25% this year. Many non-traditional construction machinery enterprises have successively entered the electric wheel loader market, leading to inevitable price wars. However, due to differences in their own purposes, medium and long-term goals, and capabilities, such competition is doomed not to last long. The market will inevitably undergo rapid elimination, as evidenced by facts:
Guangxi Liugong Machinery (000528): Profitability continues to improve, electrification + internationalization help high growth.
The company released the third quarter report for 2024. In the first three quarters of 2024, revenue reached 22.856 billion yuan, an 8.25% year-on-year increase; total profit reached 1.573 billion yuan, an increase of the same period.
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