Some investors asked Shantui Co., Ltd., and the Construction Machinery Association revealed that the year-on-year growth rate of excavators and cutters slowed in October. Does this mean that the entire industry is at an inflection point in demand? I wonder if our company's order growth rate can maintain the trend of the first three quarters? Are there plenty of orders in hand? On November 10, the company answered on the interactive platform, thanking you for your interest in the company. Sales of engineering mainframe products are affected by multiple factors such as capital expenses of downstream mining companies and the pace of infrastructure investment, and have cyclical characteristics. Looking at the driving factors, the current industry boom is supported by many aspects: first, domestic equipment renewal policies continue to advance, and stock equipment has entered a natural renewal cycle; second, downstream mining capital expenditure continues to rise, driving demand for large-tonnage products; third, infrastructure demand is strong in emerging markets such as Asia, Africa, and Latin America, compounded by the cost performance advantages of domestic construction machinery and deepening global layout, and strong export resilience. At present, the company's production and operation are being carried out normally, and there are sufficient orders in hand. Investors are kindly requested to pay attention to investment risks.

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