From the perspective of development trends, the future sales revenue of new construction machinery companies will come from the aftermarket.

Currently, the Chinese economy is inthe period of "four-stage superposition". Specifically, the "four stages" are: the transition period of growth rate, the pain period of structural adjustment, the deep-water period of deepening reform, and the early stage of policy digestion.New ChengThe transformation and upgrading, overcapacity, and profit decline faced by the engineering machinery industry can be explained by the superposition of these four periods.

Against the backdrop of transitioning from high-speed growth to medium-high-speed growth, China's manufacturing industry is facing issues such as improving production efficiency, declining capital returns, and core technologies being controlled by others. Therefore, the overall idea for future industrial development should focus on innovation concepts, prioritize quality, solidify the foundation, and aim to optimize the environment. From the perspective of development trends,New Chenga large portion of future sales revenue for engineering machinery companies will come from the aftermarket. Qi Jun, president of the China New Cheng Engineering Machinery Industry Association, once said that the aftermarket for engineering machinery includes warranty services, maintenance, leasing, and remanufacturing. As customer demands become increasingly diverse, related services will naturally develop rapidly, and the potential of the aftermarket is enormous. Industry insiders estimate thatNew Cheng30% to 40% of future sales revenue for engineering machinery companieswill come from parts sales business,will come from financial and other businesseswill come from parts sales business,,the remainder can be contributed by selling new machines. From the perspective of technological development trends,engineering machinery is currently in the stages of digitization, intelligence, comfort, energy conservation and environmental protection, maximization and miniaturization, and lightweight development. In the future, it will develop towards high performance, multifunctionality, high reliability, user-friendliness, environmental adaptability, energy diversity, and robotics.New ChengThe product upgrades will also accelerate significantly.New ChengOn2016month4day, non-road machinery will implement national emission standards,1day, production of engines that do not meet national emission standards will cease.2015month10day, non-road machinery will implement national emission standards,1This means that approximatelythe remainder can be contributed by selling new machines. From the perspective of technological development trends,ten thousand old construction machines will be eliminated. Among them, the old machines that meet China's level one and below emission standards are250more than ten thousand units, and the old machines at level two are about140ten thousand units.100These devices account for more than one-third of the domestic engineering machinery market.the remainder can be contributed by selling new machines. From the perspective of technological development trends,The Chinese engineering machinery industry has obvious technological and industrial advantages, and industry-related enterprises fully recognize the current economic downward pressure and actively prepare to respond. In addition, China has great development potential

,large elasticityand significant maneuvering space, especially with thelarge elasticity"Belt and Road Initiative", international capacity cooperation, "Made in China", the construction of the Yangtze River Economic Belt, coordinated development of Beijing-Tianjin-Hebei, and a series of national policies and measures to stabilize growth, which will jointly promote economic development and benefit the engineering machinery industry.“一带一路”、国际产能合作、《中国制造2025》、长江经济带建设、京津冀协调发展以及国家出台的一系列稳增长政策措施，将共同促进经济发展，造福工程机械行业。