China Railway Emergency Recent Investor Relations Activity Record，At present, the inflection point of the penetration rate of AeriaL Work Platforms has not yet arrived.，It is expected to continue to be a period of rapid growth in 2025 or longer.。

China Railway Emergency said，At present, the inflection point of the penetration rate of AeriaL Work Platforms has not yet arrived.，It is expected to continue to be a period of rapid growth in 2025 or longer.。From the perspective of market ownership，In 2014, the number of AeriaL Work Platforms in China was 2.50,000 units，In 2022, the domestic market has reached more than 480000 units.，Annual compound growth rate over 40%，Per capita ownership is 3.45 units/Ten thousand people（Equipment inventory/Total population），The coverage rate of added value of construction industry is 5.84 units/RMB 100 million（Equipment inventory/Value added of construction industry）。From the perspective of mature market，In 2022, the total number of units in the US market will be 770,000.，Per capita ownership is 23.12/Ten thousand people，The coverage rate of added value of construction industry is 11 sets./RMB 100 million。

Current ownership in the Chinese market、Indicators such as per capita ownership and coverage of added value of construction industry are still lower than those of the North American market.，There is still room for growth in the future。From the horizontal comparison of the added value of the construction industry and the level of infrastructure investment.，The demand for AeriaL Work Platforms in China has greater room for improvement.。In addition, compare with mature markets such as North America.，Later, the aerial work platform will turn more to the construction operation and maintenance links.，Market capacity is expected to continue to grow steadily。

Judging from the company's situation，Aerial work platform over 60%The projects are concentrated in industrial plants.，Others such as commercial complexes、Exhibition layout、There is still much room for improvement in the penetration rate of people's livelihood areas such as old city reconstruction.。It is estimated that the number of AeriaL Work Platforms in China will increase to 1 million in 2025.，It will maintain a high growth trend for a long time.。