Investor Presentaiton

400% 350% 300% 250% 200% 150% 100% 50% 0% -50% -100% Jan-10 Apr-10 Jul-10 Oct-10 Jan-11 Apr-11 Jul-11 Construction engineering: downcycle set to continue in 2023 Compared with global construction engineering manufacturers, most domestic construction engineering manufacturers have very limited revenue exposure to foreign markets, and thus are beholden more to the domestic demand downcycle. Monthly sales volume of excavators: domestic and export sales Revenue contribution from overseas market (1H22) 100% 90% 80% 70% 57.4% 60% 50% 40% 30% 20% 42.6% 10% 0% Sany Heavy Source: Company data, Macquarie Research, May 2023 Oct-11 Jan-12 Apr-12 Jul-12 Oct-12 Jan-13 Apr-13 Jul-13 Oct-13 Jan-14 Apr-14 Jul-14 Oct-14 Jan-15 Apr-15 Jul-15 Domestic Apr-16 Jul-16 Oct-16 Jan-17 Exported Total Apr-17 Jul-17 Oct-17 Jan-18 Apr-18 Jul-18 Oct-18 Jan-19 Apr-19 Jul-19 Oct-19 Jan-20 Apr-20 Jul-20 Oct-20 Jan-21 Apr-21 Jul-21 Oct-21 Jan-22 Apr-22 Jul-22 Oct-22 11.2% 44.4% 67.3% 81.8% 18.3% Zoomlion Overseas XCMG ■Domestic Caterpillar Komatsu 88.8% 55.6% 32.7% 30

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