LiuGong revenue set to hit new record level
More than 1,000 dealers and customers gather in China for global dealer conference and customer festival
EARLIER this month, LiuGong’s Global Dealer Conference 2024 and 11·26 Global Customer Festival took place at the company’s headquarters in Liuzhou, China, where nearly 200 machines were displayed and 50 innovative products were launched, showcasing LiuGong’s latest achievements in technological innovation and diversification.
More than 1,000 dealers, customers, and partners gathered for the event to experience the full range of LiuGong solutions, as well as the innovations and progress made in new products and technologies, including the company’s electric and intelligent product line-up. More than 6,500 of these units have been sold worldwide, spanning 35 countries and reducing carbon emissions by 330,000 tonnes – equivalent to planting more than 18 million trees.
In the first three quarters of 2024, LiuGong’s total revenue reached RMB22.886 billion (c£2.5billion), a year-on-year increase of 8.25%. Net profit was RMB1.321 billion (c£145 million), an increase of RMB494 million (c£54 million) compared with the same period last year, representing year-on-year growth of 59.82%.
Speaking at the event, Zeng Guang’an, chairman and chief executive officer of LiuGong, said: ‘We are committed to being customer-focused and market-driven, continuously innovating and striving for excellence. This year, our annual revenue will set a new record in the company’s history.’
