Golden Ten Data reported on April 1 that the latest disclosed research minutes showed that Liugong held a performance briefing yesterday to respond to the decline in gross profit margin in the fourth quarter compared with the same period last year. Liugong stressed that the company's operation in the first quarter is stable and improving, and the company is full of confidence in achieving the budget target of 34.6 billion yuan in revenue and net profit margin to increase by more than one percentage point. According to the financial report disclosed by Liugong on March 28, Liugong will achieve revenue of 30.06 billion yuan in 2024, a year-on-year increase of 9%; Among them, overseas revenue was 13.76 billion yuan, a significant increase of 20% year-on-year, and the growth rate of overseas sales outperformed the industry by 22 percentage points. The company's net profit attributable to the parent company was 1.33 billion yuan, a year-on-year increase of 53%.