Liu Gong said at an analyst meeting on December 29 that in 2025, the company's mining business was affected by falling coal prices, and domestic mine construction was insufficient, causing revenue and gross margin growth rates to fall short of expectations. The mining business is expected to usher in restorative growth from 2026 as global mineral prices continue to pick up, market demand steadily recovers, and the company strengthens R&D efforts, launches large-scale and intelligent mining products, and brings upgraded comprehensive solutions to the market. The mining business is a key business that breaks through the company's “15th Five-Year Plan” strategic focus. In the future, the company will strengthen long-term strategic cooperation with large domestic and foreign mining companies, and invest more resources to promote market development and strategic implementation, making the mining business the third largest core business after loaders and excavators.

Liu Gong said at an analyst meeting on December 29 that in 2025, the company's mining business was affected by falling coal prices, and domestic mine construction was insufficient, causing revenue and gross margin growth rates to fall short of expectations. The mining business is expected to usher in restorative growth from 2026 as global mineral prices continue to pick up, market demand steadily recovers, and the company strengthens R&D efforts, launches large-scale and intelligent mining products, and brings upgraded comprehensive solutions to the market. The mining business is a key business that breaks through the company's “15th Five-Year Plan” strategic focus. In the future, the company will strengthen long-term strategic cooperation with large domestic and foreign mining companies, and invest more resources to promote market development and strategic implementation, making the mining business the third largest core business after loaders and excavators.