KinLong: Limited business in the U.S. market; tariff adjustments have a limited impact on the company

KinLong stated at the performance briefing that in 2024, the company's overseas market will primarily focus on sales, accounting for approximately 13% of its performance. The company's overseas business is mainly concentrated in Southeast Asia and countries participating in the "Belt and Road" initiative, with relatively little business exported to the U.S. market, so the recent tariff adjustments have limited impact on the company. In addition, the company noted that the domestic construction industry is still in a recovery phase, and with the continuous positive promotion of favorable market policies by the government and relevant departments, diversified demand will also bring more market opportunities. In 2025, the company's focus will still be on new scenario markets and overseas business expansion, strengthening in-depth research on new scenario businesses and increasing efforts to develop new products, such as those for hotels, hospitals, and factories