After five years of deep adjustment, the construction machinery industry began to recover steadily in the second half of 2016. On the one hand, the sustained and stable investment in fixed assets of the country provides basic guarantee for the overall demand of construction machinery. On the other hand, product renewal has entered a period of high incidence, renewal demand has increased substantially, and a variety of favorable factors have promoted a significant recovery in the industry prosperity.

        In 2018, Xugong Machinery realized 44.411 billion yuan in revenue, an increase of 52.45% over the previous year, and realized 2.042 billion yuan in net profit attributable to shareholders of listed companies, an increase of 100.04% over the previous year.

        At present, Xugong Machinery has only issued a performance report, and its detailed operation needs to be further disclosed.

        Liugong achieved 18.085 billion yuan in revenue in 2018, an increase of 51.48% over the same period last year, and realized 790 million yuan in net profit attributable to the owner of the parent company, an increase of 127.70% over the same period last year.

        Liu Gong mentioned in the report that the company insists on deepening reform and speeding up the "comprehensive internationalization, comprehensive intellectualization and comprehensive solution" strategy, and forms an international business operation system integrating overseas R&D, manufacturing, marketing and capital platform. The countries along the "belt and road" have basically achieved full coverage, and the coverage rate in the 65 core countries has reached 85%.

        In 2018, Liugong loader sales grew by 40% year-on-year; excavator sales exceeded the target of 10,000 units, an increase of 78% year-on-year; large machinery sales increased by 55% year-on-year; and total overseas sales revenue increased by 30% year-on-year.

        Shanhe Intelligence achieved 5.751 billion yuan in revenue in 2018, an increase of 45.73% over the previous year, and 431 million yuan in net profit attributable to shareholders of listed companies, an increase of 165.33% over the previous year.

        The main reasons for the increase of profits in Shanhe Intelligent Reporting Period are: stable market demand for construction machinery and growth of business income; avmax has completed the fourth equity delivery and increased merger in the year.

        Shantui shares realized 8.082 billion yuan of business income in 2018, an increase of 26.00% over the previous year, and realized a net profit of 0.80 billion yuan belonging to the owner of the parent company, an increase of 24.91% over the previous year.

        In 2018, Shantui's overall operating level has been significantly improved, and its operating quality and efficiency have been continuously improved. The company's full-hydraulic bulldozers have increased by more than 300% year-on-year, selling a number of high-powered bulldozers; the sales of loaders have increased substantially, and successfully entered the high-end market of large mines, steel and other industries; concrete machinery has grown steadily, and continues to maintain the leading edge of mixing station products. The overall growth of loaders, concrete machinery and other products marks that the company has taken a new step in product diversification.

        In addition, Sany Heavy Industries and Zhonglian Heavy Section's annual report, which we have previously introduced, are listed here together:

        Sany Heavy Industries realized business income of 55.822 billion yuan, an increase of 45.61% over the same period last year, and net profit of shareholders belonging to listed companies was 6.116 billion yuan, an increase of 192.33% over the same period last year.

        Sany Heavy Industries mentioned in its annual report that through the risk and cycle, the operation of the enterprise is more efficient, healthy and sustainable. The company's product competitiveness and quality have steadily improved, leading products have global competitiveness, and the whole line of products have continued to grow strongly; the quality and profitability of enterprises have been greatly improved, and the quality of assets has been significantly improved; the company vigorously promotes digitization, internationalization, digitization and upgrading to reach consensus and achieve phased results, and internationalization. Achieve new breakthroughs.

        Through 4.0 product innovation, deep focus market segmentation, and new business development, Zhonglian Heavy Branch has achieved high-quality growth of construction machinery plate in 2018. The company's operating income was 28.697 billion yuan, an increase of 23.3% over the previous year, and the net profit attributable to shareholders was 2.02 billion yuan, an increase of 51.65% over the previous year.

        In 2018, under the background of the overall recovery of the market, the listed companies of construction machinery have handed in satisfactory answers one after another. In 2019, the industry continues to operate at a high level, and we look forward to further efforts and achievements of enterprises.