Since 2024, Horizon CD (09930.HK) has adhered to a steady development global strategy, continuously consolidating its leading position in the domestic market, and accelerating the overseas business layout. As of September 30, 2024, during the nine-month period, the group's unaudited revenue showed a year-on-year growth compared to the same period last year. By the end of this review period, the group's business network worldwide has increased to 563 locations, with an aerial work platform management scale exceeding 214,800 units.
The group continues to increase the expansion speed of its overseas business. As of the end of this review period, it has established a total of 44 overseas locations in 7 countries in Southeast Asia, the Middle East, and other regions. The original value of overseas asset management has exceeded RMB 2.7 billion. Moreover, the utilization rate of overseas equipment has been effectively improved, driving rapid growth in overseas business revenue, achieving monthly profitability from overseas business since August 2024.
To cope with adjustments in the domestic market and environmental changes, the group continuously optimizes the equipment category structure during this review period. It increases coverage of various new operational scenarios and further expands the fleet size through a subleasing model, driving domestic market clearance and layout optimization. The group's overall financial situation remains safe and stable during the review period. Looking ahead to the whole year, the group will strive to achieve its domestic and global business strategy goals, aiming to deliver good financial returns to shareholders.
