Industry attributes and asset quality are obviously different from other construction machinery in the forklift industry. There is a misunderstanding in the industry. Forklifts have always been classified as construction machinery in the industry classification. In fact, the downstream customers and industry cycles of the forklift industry are completely different from construction machinery. The downstream application objects of construction machinery are mainly real estate and infrastructure, while the downstream of forklifts are various industrial and commercial enterprises involved in material handling. The downstream applications are very extensive. The cycle of the forklift industry is obviously different from that of construction machinery enterprises affected by real estate and infrastructure. In addition, the forklift industry does not have the negative consequences of large-scale credit sales in the construction machinery industry, and the balance sheet is very clean and healthy (no interest-bearing liabilities, and the balance of accounts receivable only accounts for 9% of annual sales revenue), which is completely different from other projects. Machinery enterprises. Benefiting from rising labor costs and the development of the logistics industry, the forklift industry has grown steadily. The average growth rate of the industry in the future is expected to remain at about 1.5 times the GDP growth rate. The biggest driving factor for the growth of the lithium pallet truck
industry is manual replacement, which benefits from the continuous increase in labor prices; at the same time, the rapid development of the logistics industry also drives the growth of demand for forklifts. From January to April 2014, the sales volume of the lithium pallet truck industry increased by 14.4% year-on-year, and the annual growth is expected to be about 13%
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