On August 29, Trade-Globe announced that Lonking (03339.HK) released an announcement that in the mid-term of 2024, the total revenue of the group during the reporting period was RMB 536 million yuan, a decrease of RMB 36.6 million yuan compared to the same period in 2023, a year-on-year decrease of 6.39%. The group's product structure is mainly loaders and forklifts, and loaders are still the group's flagship product and the main source of profit. The group fully utilizes its vertical integration advantage, continuously enriches and improves the loader category based on customer demand, and the carefully crafted series of electric loaders are highly favored by customers, with increasing sales share, and the market share of core products, large loaders of three tons and above, continues to lead the domestic market. The sales share of loaders accounted for 40.31% of the group's total sales, a decrease of 1.97 percentage points compared to 42.28% in 2023. Forklifts are widely used in manufacturing, transportation and logistics, and other key sectors. The market demand continues to grow, and the group has increased marketing investment, focusing on improving product competitiveness and brand awareness. The current sales share of forklifts is 38.40%, an increase of 4.60 percentage points compared to the same period in 2023. Due to the continued downturn in the excavator market, the sales share of excavators decreased by 2.28 percentage points to 9.45% compared to the same period in 2023.

The comprehensive gross margin of the group during the reporting period was 18.46%, an increase of 2 percentage points compared to the same period in 2023 with 16.49%. The net income realized during the reporting period was 45.8 million yuan, an increase of 15.1 million yuan compared to the same period last year, a year-on-year increase of 49.19%. The increase in net income was mainly due to the increase in the comprehensive gross margin of products and the growth of net income generated from financial assets.