Shante Songzheng's Mid-Year Work Summary: Opportunities and ChallengesCoexist

      The first half of 2024 has come to an end. In this challenging year, the entire construction machinery industry has undergone unprecedented trials, with no significant market rebound in sight and the industry still yet to reach its bottom. The domestic aftermarket for construction machinery is struggling to survive, and competition in the parts market is particularly fierce.

      Against this backdrop, Shante Songzheng has demonstrated resilient vitality through the concerted efforts of all its employees. Under the correct guidance of the group company, all employees have pooled their wisdom and strength to overcome difficulties. Although the company did not fully achieve its revenue targets for the first half, its performance still increased by 12.8% compared to the same period last year. This achievement is particularly commendable given the current market situation.

      During the first half, the company assessed the market situation and took timely measures. On one hand, it actively maintained its existing markets; on the other hand, it decided to continue expanding into international markets by participating in the 2024 Russian International Construction and Engineering Machinery Exhibition. This not only further developed markets in Russia, Eastern Europe, and Central Asia, but also secured annual procurement plans from multiple internationally renowned mining groups at the exhibition, laying a solid foundation for sales in the second half of 2024 and beyond.

      The achievements made by the company in the first half were a result of the solid teamwork among every department at Shante Songzheng and the unremitting efforts and dedication of every employee, which have won valuable growth opportunities for the company.

      Facing challenges and seeking opportunities. By continuing to uphold the spirit of "overcoming difficulties and striving forward", Shante Songzheng is bound to occupy a more favorable position in the future market and serve more customers.