XCMG Construction Machinery (000425) recently stated during an institutional survey that the company expects the overseas market to continue to maintain a good momentum this year, with export revenue still able to achieve good growth. First, for domestic brands, the overseas market has growth characteristics, and overseas market demand continues to be released; second, with the continuous improvement of the quality of domestic products, the domestic enterprises' channel layout overseas is becoming increasingly perfect, the acceleration of the construction of after-sales service market, the comprehensive competitiveness of domestic brands is improving, and the penetration rate in overseas markets is increasing; third, looking at the market share in major regional markets, most products still have a lot of room for improvement; finally, domestic key enterprises are adjusting their global production capacity planning, implementing localization strategies, and accelerating globalization layout. Overall, it is expected that this year the overseas market sales of domestic brand industry will continue to maintain a growth trend, which is an important growth point for the Construction Machinery industry.