The research report from Sinolink Securities highlights that the forklift industry is characterized by robust cash flow and remarkable demand resilience. In the near term, there is an evident upward trajectory in global demand for forklifts. Looking ahead, the integration of embodied intelligence technology is anticipated to unlock unprecedented growth opportunities within the industry. Amidst the burgeoning wave of industrial innovation driven by intelligence, Chinese enterprises, capitalizing on their early-mover advantage, are on the cusp of transforming from followers to all-around leaders following widespread industrial adoption. Presently, the industry's valuation for 2026 is estimated to range between 10 to 15 times earnings. It is advisable to consider a broad sector allocation strategy, with particular emphasis on companies like Hangcha, Heli, EP Equipment, and Noblelift.