Shantesongzheng's Mid-Year Work Summary: Opportunities and Challenges Coexist
The first half of 2024 has come to an end. In this challenging year, the entire construction machinery industry has undergone unprecedented trials, with the market showing no significant rebound and the industry yet to hit bottom. The domestic aftermarket for construction machinery is struggling to survive, and competition in the parts market is especially fierce.
Against this backdrop, Shantesongzheng has demonstrated resilient vitality through the concerted efforts of all its employees. Under the correct guidance of the group company, all employees have pooled their wisdom and strength to overcome difficulties. Although the company did not fully achieve its revenue targets for the first half, its performance still increased by 12.8% compared to the same period last year. This achievement is particularly commendable given the current market situation.
In the first half, the company assessed the market situation and took timely measures. On the one hand, it actively maintained its existing market; on the other hand, it decided to continue expanding its international market by participating in the 2024 Russia International Construction Machinery Exhibition. This not only further expanded its market presence in Russia, Eastern Europe, and Central Asia but also secured annual procurement plans from multiple internationally renowned mining groups at the exhibition, laying a solid foundation for sales in the second half of 2024 and beyond.
The achievements of the company in the first half were made possible by the teamwork among every department of Shantesongzheng and the relentless efforts and dedication of every employee, which won valuable growth space for the company.
Facing challenges and seeking opportunities, Shantesongzheng will continue to uphold the spirit of "overcoming difficulties and forge ahead with determination". It is poised to occupy a more favorable position in the future market and serve more customers.
