Liugong overseas rapid growth in the first quarter

In the first quarter, the overseas sales of Liugong's equipment increased by about 40% year on year, of which the sales of bulldozers, small machines, grader and rollers increased by about 100% year on year, and the business of excavators, wide body vehicles, aerial platforms, agricultural machinery, cranes and others grew rapidly. The market share of Liugong construction machinery products continues to increase, and the year-on-year growth rate of sales from January to February is about 30% higher than that of the industry.

In the first quarter, the overseas sales volume and amount of small machines such as Liugong Skid Loader and Excavator Loader both exceeded history, with sales increasing by 103% and 175% year-on-year, respectively. The Liugong small-scale machine production line has been increasing production by 50% annually since 2020, and has recently completed upgrades and renovations. The dual line production mode has been implemented since March 16th, with a year-on-year increase of nearly 140% in production capacity in March. The subsequent monthly production capacity is expected to be 300% of the original production line, which can more efficiently meet the needs of overseas municipal, landscaping and other industries.

In the first quarter, the overseas sales of Liugong bulldozers increased by 140% year-on-year, with a significant increase in batch orders, including over 30 equipment orders from key customers in the Asia Pacific region. The Liugong series bulldozer products have been successfully applied in global forestry, mining, and extreme cold working conditions projects. In the first quarter, the overseas sales of Liugong grader increased by 110% year on year. With the launch of the latest D series 4230D, 4260D and other large machines, Liugong grader has gradually made breakthroughs in mining, agriculture and other market segments, and won customer recognition, in addition to maintaining the growth of traditional pavement customers. In recent years, Liugong has focused on core national segmented markets, launched adaptive improvement models, and enhanced product competitiveness.