Glonghui, January 18 丨 J.P. Morgan published a research report predicting that industrial excavator sales will increase by about 15% year on year, exports will increase 20% year on year, local demand will increase 10% year on year, and total excavator sales are expected to be 298,000 units. Furthermore, the bank expects sales of industrial heavy trucks to rise 20% year on year, while sales of general industrial heavy trucks will reach 797,000 units. Overall, the bank anticipates that the industry will start slowly this year, reflecting the recent impact of the epidemic in mainland China and an early increase in demand for the New Year's holiday season, leading to a surge in demand this year The space. The bank expects that Longgong's (3339.HK) revenue fell 19% year-on-year last year and will rise 15% this year. Benefiting from better demand with the reopening of the mainland, gross margin may rise by 2 percentage points. The target price was raised from HK$1.22 to HK$1.49, and its rating was upgraded from “neutral” to “increased holdings”, making it the industry's first choice.