LIUZHOU, China, Nov. 7, 2024 /PRNewswire/ — LiuGong’s Global Dealer Conference & 11·26 Global Customer Festival (000528.SZ) was held in Liuzhou, Guangxi, at the company’s headquarters on November 6-7, 2024. Nearly a thousand dealer representatives from around the world came together to discuss industry trends, share success stories and explore opportunities for future collaboration.
Nearly 200 machines were exhibited on site, covering 8 industries and working conditions. 50 innovative products were introduced on site, covering a wide range of equipment, including mining loaders, motor graders, pipe layers, rotary drilling rigs, aerial work platforms, dual power machines, etc. These products demonstrate LiuGong’s latest achievements in the field of technological innovation and diversification. LiuGong’s mining solutions, based on years of experience, attracted attention with their impressive size and intelligent technology. There were 50 electrified, environmentally friendly products on display, including excavators, graders and bulldozers, all of which excel in reducing noise and emissions and improving energy efficiency. In addition to meeting global environmental standards, these products are equipped with the latest electric drive technology, highlighting LiuGong’s significant achievements in environmental protection and sustainable development.
At the conference, LiuGong introduced its new T-series wheel loaders and F-series excavators, which feature intelligent technology and innovative design. The F-Series now includes a range of equipment from 1.7 to 120 tonnes, with a variety of attachments and a product range expanded from 12 to 70 models, underscoring LiuGong’s continued commitment to innovation and product diversification. The new T-Series loaders offer even more comfort and control, greater reliability, as well as lower fuel consumption and a lower total cost of ownership.
Since launching the Green Alliance initiative at the 2023 Global Dealer Conference, LiuGong has demonstrated a strong commitment to green development by supporting charitable projects in Africa. In August this year, the first phase of the fountain project was successfully completed. During this year’s conference, LiuGong further strengthened the Green Alliance by signing in-depth agreements with Universitas Gadjah Mada in Indonesia, Beijing Institute of Technology and five dealers and customers to promote sustainable development.
LiuGong is committed to providing comprehensive solutions. In addition to construction machinery, LiuGong has continuously expanded its product range and introduced strategic new products such as aerial work platforms, forklifts, sugarcane harvesters, tractors, cranes, etc., which bring more business opportunities to dealers. In addition, LiuGong offers a comprehensive range of after-sales services to ensure the continuous, stable operation of its equipment and provide dealers and customers with peace of mind.
At the conference, LiuGong signed memorandums of understanding with its partners and set goals for 2025. In addition, customer representatives signed strategic partnership agreements with LiuGong, strengthening their cooperation. LiuGong also recognized outstanding dealers for their contribution to the company’s global growth and thanked them for their key role in LiuGong’s success and their enthusiasm to deepen future cooperation.
For the first three quarters of 2024, LiuGong reported total revenue of RMB 22.856 billion, up 8.25% year-on-year. Net profit reached RMB 1.321 billion, a year-on-year growth of 59.82%. In his speech, LiuGong Chairman and CEO Zeng Guang’an analyzed both macro and microeconomic conditions and highlighted LiuGong’s steady increase in global sales. This reflects the strong influence of LiuGong brand and its competitive advantage in the market. Zeng emphasized that LiuGong, together with its dealers and partners, will continue to expand market opportunities and drive industry growth.
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