The Zhitong Finance App learned that Dongwu Securities released a research report saying that in the short term, the domestic boom in the forklift industry is at its bottom, and the annual sales volume of 700,000 units is basically a demand for stock renewal; overseas dealer inventory is in the digestion period, and the growth rate of new orders in the industry has been declining for more than 1 year (2023-2023). Q2 leaders Toyota and Kaiao have rebounded about 9% month-on-month in orders, reflecting inventory digestion and marginal improvement in new orders. In the second half of the year, domestic raw material prices remained low and fluctuated, and overseas revenue grew, and the share was passively increasing, and the profit margins of forklift companies are expected to maintain a high level. Domestic double leaders Anhui Heli (600761.SH) and Hangcha Group (603298.SH) have complete product matrices, leading advantages in channel construction and lithium electrification processes, and have strong growth certainty. Continued attention is recommended.

The Zhitong Finance App learned that Dongwu Securities released a research report saying that in the short term, the domestic boom in the forklift industry is at its bottom, and the annual sales volume of 700,000 units is basically a demand for stock renewal; overseas dealer inventory is in the digestion period, and the growth rate of new orders in the industry has been declining for more than 1 year (2023-2023). Q2 leaders Toyota and Kaiao have rebounded about 9% month-on-month in orders, reflecting inventory digestion and marginal improvement in new orders. In the second half of the year, domestic raw material prices remained low and fluctuated, and overseas revenue grew, and the share was passively increasing, and the profit margins of forklift companies are expected to maintain a high level. Domestic double leaders Anhui Heli (600761.SH) and Hangcha Group (603298.SH) have complete product matrices, leading advantages in channel construction and lithium electrification processes, and have strong growth certainty. Continued attention is recommended.