Zoomlion: Industry recovery extends from the early to the middle and late stages of the project, and has sustainability.

Sany Group recently stated during a roadshow that the current industry recovery pace is in line with the construction transmission logic. Excavators began to gradually recover in March last year, followed by concrete machinery and hoisting machinery in the first quarter of this year, confirming that the industry recovery has extended from the early stage of the project to the middle and late stages, demonstrating sustainability. At the same time, the driving scenarios are diversified, with traditional infrastructure providing support, new energy infrastructure, affordable housing, urban renewal, and dual-use "three major projects" providing incremental growth. Finally, equipment renewal policies and new energy replacement policies are forming long-term support.